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Brazilian Banking According to Igor Cornelsen

Brazil has had its share of economic troubles in recent years. Economic growth was flat in 2014. Paradoxically, the banking industry did well during this period. Two of the leading private banks serve as examples. Itau Unibanco posted a 50 percent increase in profits in the third quarter compared to the previous year. Banco Bradesco racked up a 26 percent gain in earnings.

Read more at wikidot.com to know more about Igor Cornelsen

Explaining the Paradox

Why did Brazilian banks do so well in a weak economy? Igor Cornelsen offers some answers in a recent PR Newswire article. Cornelsen is an investor and banker who spent his career managing some of Brazil’s top financial houses. He attributes the performance of Brazil’s private banks to prudent lending policies. Private banks limited lending to the most credit worthy borrowers in the uncertain economic climate. Businesses with less pristine credit ratings had to make do with public banks or cash. Some had to shelve growth plans. As a result, private banks continued to inspire investor confidence.

A Primer on Brazilian and Economic Prospects

Igor Cornelsen believes many investors are not knowledgeable regarding Brazil’s investment potential. He provides a brief primer on the basics of Brazilian economic features. First, he notes that there is growth potential because of abundant natural resources and high demand for infrastructure due to population growth. The banking industry is dominated by 10 large institutions. Cornelsen expects the economic fortunes of the country to catch up with the banking system because of recent political events that ended the populist administration of Dilma Roussef. LCornelsen advises investors to pay attention to China as well. China is both Brazil’s largest trading partner and a major competitor for the South American industrial market. Investors should also be aware that Brazil’s currency is likely overvalued. A process of controlled devaluation will probably continue for some time.

Read more:http://frenchtribune.com/teneur/25704-igor-cornelsen-giving-three-valuable-tips-invest-growing-foreign-market

 

Business Advice

The Inspiring Career Success Story of Glen Wakeman

Glen Wakeman is a successful writer, global entrepreneur and businessman with a financial and entrepreneurial career spanning over 2 decades. He is the CEO and co-founder of Launchpad, a company that specializes in developing software for companies in startup stages. This software helps the entrepreneurs in the planning and organizing for their business goals.

The idea of starting Launchpad came as an inspiration from his desire of matching ideas with money. Wakeman had for a long time been trying to understand why startup companies often have the best ideas but they have the biggest failure rate. After some research, he discovered that it all went down to poor planning. He realized that most startup businesses failed because they did not have a good structure. Therefore, he decided to come up with a platform that would help entrepreneurs to plan their goals easily, and that was when LaunchPad Holding LLC was born. His company’s software is used by the Fortune 10 companies. This software offers a step by step

Other than LaunchPad Holdings LLC, Glen Wakeman has worked for GE Capital (Twitter). He was with the company for over 2 decades. In those twenty years, Glen worked in various leadership positions, helping to revolutionalize the company’s revenues to billions

Glen Wakeman went to start his own company. He founded Nova Four and became president of the company. Nova Four is a company that dealt with the provision of strategic advice to startup companies.

As for his education background, Glen Wakeman boasts of holding a bachelor’s and a master’s degree. He graduated from the University of Scranton, in the year 1981, with a Bachelor’s degree in Economics. He also attended the University of Chicago and graduated with a master’s degree in Business Administration in the year 1993.

More at http://www.glenwakeman.com/about-glen-wakeman/