Secure Electronic Technology Plc (NSLTEC.ng) listed on the Nigerian Stock Exchange under the Technology sector has released it’s 2013 interim results for the half year.For more information about Secure Electronic Technology Plc (NSLTEC.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Secure Electronic Technology Plc (NSLTEC.ng) company page on AfricanFinancials.Document: Secure Electronic Technology Plc (NSLTEC.ng) 2013 interim results for the half year.Company ProfileSecure Electronic Technology Plc holds the license to operate the national lottery in Nigeria. Formerly known as the National Sports Lottery, the company has an exclusive 30-year license granted by the Federal Government of Nigeria and governed by the National Lotteries Act 2005. Secure Electronic Technology Plc provides the infrastructure and technology to run the lottery and gaming products. Games managed by Secure Electronic Technology Plc includes 60F49, the newest Jackpot game; 2Sure, the game with the highest payout; 50F90, a fixed-odds game with a pre-determined payout; and Betwazobia, a dedicated 24/7 mobile and online game platform. Secure Electronic Technology Plc’s head office is in Lagos, Nigeria. Secure Electronic Technology Plc is listed on the Nigerian Stock Exchange
Tropical Paradise Co Ltd (TPL.mu) listed on the Stock Exchange of Mauritius under the Tourism sector has released it’s 2017 abridged results.For more information about Tropical Paradise Co Ltd (TPL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Tropical Paradise Co Ltd (TPL.mu) company page on AfricanFinancials.Document: Tropical Paradise Co Ltd (TPL.mu) 2017 abridged results.Company ProfileTropical Paradise Co Limited engages in the tourism and leisure sector where it operates hotels in Mauritius. Headquartered in Moka, Mauritius, the company operates the Labourdonnais Waterfront Hotel, Le Suffren Hotel & Marina, Hennessy Park Hotel, and Port Chambly Hotel. Tropical Paradise Co Limited (Ordinary) is listed on the Stock Exchange of Mauritius.
The surging stock market’s commanded most of the financial pages in recent days. News of a step forward in the hunt for a Covid-19 vaccine has sent UK share prices soaring. Both the FTSE 100 and FTSE 250 are at levels not seen since early summer and spring respectively. What’s attracted less attention in the press is the recent upward surge in Bitcoin prices.Resurgent risk appetite helped carry the cryptocurrency price through the $16,000 marker for the first time since January 2018. It’s fallen $300 from those levels but could be poised for another move higher.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The Bitcoin bounceThe truth is that Bitcoin’s been on the charge for most of 2020. It’s more than trebled in value since the Covid-19-related financial crash ended in the middle of March. And it’s been helped by positive developments that Bitcoin investors hope will boost mass adoption of the digital currency.Firstly, US payments giant PayPal announced in October it would allow users to trade cryptocurrencies and let them pay for goods using the likes of Bitcoin. Then, this week, the China Construction Bank declared plans to issue $3bn worth of bonds that can be bought using Bitcoin.These are positive developments in proving the legitimacy of digital currencies, an asset class that continues to draw accusations of having zero inherent value. However, I for one will need to see signs that regulators are giving cryptocurrencies their own seal of approval. This would include news that the US Securities and Exchange Commission has finally agreed to sign off a Bitcoin-backed exchange-traded fund (ETF).I’m sticking with UK shares to make a millionFor the time being, I’m much happier investing my hard-earned money in UK shares. It’s not just because this asset class — unlike Bitcoin — has a long, long history of making investors stinking rich. And it’s also not because share ownership offers investors something clearly tangible, i.e. part of a fully-functioning company.It’s because UK shares aren’t prone to the constant price swings that have come to define Bitcoin. As 2020 shows, stock markets can also be subject to significant volatility. But the sort of rises and falls we’ve seen this year tend to come around once in a blue moon.The choppiness we’re seeing in cryptocurrency prices is quite common. And this can wipe out one’s wealth as easily as they can make one rich. What’s more, the huge amount of leverage that Bitcoin often involves significantly increases the risk to investors. There’s no reason to gamble cash with Bitcoin when UK shares are a much safer way to get extremely wealthy.And one doesn’t have to spend eye-popping amounts of cash to do so. The average annual return that long-term investors tend to enjoy sits at 8-10%. So investing £300 a month over 35 years can, realistically, make a whopping £1.02m. And there’s plenty of top UK shares out to help ISA investors like me hit that magic million-pound marker. Image source Royston Wild | Friday, 13th November, 2020 Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. 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From WW editors: A general strike and mass demonstration in Guatemala City is demanding on Aug. 27 that President Otto Pérez Molina resign. A New York Times editorial the same day praises the Guatemalan system for being in a position to push Pérez Molina’s corrupt regime aside. What the Times omits is Washington’s responsibility for backing the Guatemalan president’s regime in the first place, including Pérez Molina’s past role heading death squads under Washington’s sponsorship during the genocidal regime of Ríos Montt. But it does make clear the facts behind the arguments expressed by Central American Marxists on Aug. 21 on the elsoca.org website. They explain that U.S. imperialism and the Guatemalan oligarchy are trying to use upcoming elections to replace Pérez Molina — who so far refuses to resign — in order to forestall a mass uprising. The Central American workers’ parties call instead for a mass struggle to oust Pérez Molina and restructure the government before the “low-intensity coup” succeeds. See the following:National strike in Guatemala.GUATEMALA – PRES. Pérez Molina REFUSES TO RESIGN … WE HAVE TO THROW HIM OUT WITH A NATIONAL STRIKE!!DOWN WITH PÉREZ MOLINA AND HIS DECADENT GOVERNMENT!FOR A GOVERNMENT OF POPULAR ORGANIZATIONS!FOR A POPULAR AND PLURINATIONAL CONSTITUENT NATIONAL ASSEMBLY!In a new, spectacular blow on Friday, Aug. 21, the International Commission Against Impunity in Guatemala (CICIG) and the Public Ministry (MP), reported that as a result of investigations into the case of customs fraud, in which the power structure known as “The Line” (“La Línea”) is involved, concluded that the top leaders of this group were former Vice President Roxana Baldetti and President Otto Pérez Molina.Based on the investigation on charges of conspiracy, with the special case of customs fraud and passive bribery, an arrest warrant against Baldetti was requested before High Court B (Juzgado de Mayor Riesgo B). The former vice president was taken prisoner in the private hospital where she had been admitted only days earlier and transferred to the military prison at Matamoros Headquarters.Sign reads Tito Arias (war pseudonym for the current president) — remember how many he killed and ordered killed.As for the president, the MP filed a request for impeachment against him before the judiciary to prosecute him for the same crimes of which they accused Baldetti. Amid persistent rumors of the imminent resignation of the president, Pérez Molina said on national television on the evening of Aug. 23 that he will not resign and rejected the charge that he was connected with The Line; he apologized for the corruption in his government, accused the business community of benefiting from customs fraud, invoked the support of the rural area in his favor, called on citizens to vote and put himself at the disposition of the legal processes that apply in order to prove his innocence.The president gets isolatedThe powerful sector of the bourgeoisie represented by the Coordinating Committee of Agricultural, Commercial, Industrial and Financial Associations (CACIF), finally abandoned the president to his fate, demanding his “immediate resignation” at a news conference on Friday evening, Aug. 21.As a corollary, four ministers and five government officials who are linked to the oligarchy submitted their resignations. They are Economics Minister Sergio de la Torre, Minister of Education Cynthia Eagle, Health Minister Luis Enrique Monterroso, Agricultural Minister Sebastián Marcucci, Presidential Commissioner for Competitiveness and Investment Juan Carlos Paiz and other economics and finance officials Claudia del Águila, Sigfrido Lee, María Luisa Flores, Adela Camacho de Torrebiarte and Marco Antonio Gutiérrez. On Aug. 23, Metropolitan Archbishop Óscar Vian, representing the Catholic Church, also called for the president’s resignation.In this way, the pincers are closing in on the Otto Pérez Molina government and the Patriotic Party, starting with the first charges and arrests of April 16, driven by the CICIG and the MP. At the beginning of the crisis, the major parties in Congress, the Renewed Democratic Liberty Party (LIDER) and the ruling Patriotic Party (PP), opposed the request for impeachment against Pérez Molina that Deputy Amilcar Pop had requested. Since then, many social sectors have gradually withdrawn their support from President Pérez Molina, entrenching it instead in a sector of the armed forces and the de facto alliance between the LIDER and the PP in Congress.A low intensity coup?As we have explained in other statements, U.S. imperialism, given its need to promote the Partnership Plan for Prosperity (PAP), which aims to halt the growing migration of Central American workers toward the United States and the drug trafficking that plagues the region, has decided to promote changes in political regimes of the Northern Triangle [Guatemala, Honduras and El Salvador]. These changes aim to improve the functioning of bourgeois democracy, sweeping aside the corruption that has characterized governments and political parties there for decades.In Guatemala, fearing the outbreak of a social revolution, a section of the bourgeoisie and the army, especially the intelligence agencies and security, are using the CICIG and the MP to force the government of Pérez Molina to make changes that are necessary to prevent a mass movement from arising that can impose changes from below. But time and patience are running out quickly. In this struggle, the contradictions have led the government of Pérez Molina to the verge of collapse. For the moment, Pérez Molina is reluctant to relinquish power, but is holding on under conditions of greater weakness and social isolation.The bourgeois sector that is pressuring Pérez Molina wants the current vice president, Alejandro Maldonado, to assume the reins of power in a transitional government that will remain a puppet of the oligarchy and U.S. imperialism. The goal is to speed up democratic reforms in order to contain any mobilization of the masses.Pérez Molina must be overthrown!If anything is clear it is that President Pérez Molina will not resign. The pressure from the CACIF oligarchs and imperialism has failed to impose a Maldonado regime. The mass marches have not had enough force to depose Pérez Molina and impose democratic reforms. Under these conditions it is necessary to increase the people’s pressure. This means that the left, the workers, the unions and Indigenous and peasant organizations, need to convene a great national strike to demand the overthrow of Pérez Molina and his government.Faced with the imminent collapse of the government of Pérez Molina, we of the left, the Social and Popular Assembly (ASP), trade unions and labor, Indigenous and popular peasant organizations must establish an alternative government of working people.If we succeed in imposing this revolutionary solution, it would dramatically change the situation in Guatemala. If this does not happen in the days ahead, we will face a distinct disadvantage in the electoral challenge mounted by the current political regime, because so far it is unlikely the elections will be postponed.The panorama of the undemocratic electionsTwo weeks before the general election [on Sept. 6], the situation is becoming very complex. Because of the tenacious opposition of the decadent major parties in Congress, the timid proposal to reform the Electoral and Political Parties Law promoted by the University of San Carlos (USAC) and the Supreme Electoral Tribunal (TSE), ran aground. In urban areas, the middle strata and popular sectors have adopted a just attitude of rejecting the traditional parties and corrupt politicians; they demand the postponement or suspension of the elections, as the electoral system has been designed to perpetuate the control of the parties that dominate the Congress.Due to the undemocratic existing electoral system, it would be ideal if the elections were suspended or postponed. Before elections are held, profoundly democratic changes should be made to the electoral law. These changes are needed to eliminate corruption in the political party system and facilitate conditions for the approval of independent candidates who reflect the interests of workers and of peasant and Indigenous communities, with the perspective of establishing a National Constituent Assembly to transform the country on behalf of the oppressed and exploited.But one thing is the ideal situation, which we all want but does not yet exist, and another is the stark political reality that we face. There are only a few days before the election, and the forces of reaction are reluctant to change the electoral calendar. The left and the Indigenous and popular movements are facing a great dilemma. The reactionary parties have imposed the electoral struggle on us.Our strategic goal should be to topple the Pérez Molina government and impose the National Constituent Assembly from below, so we must combine the methods of struggle. We must prioritize the mobilization to summon and carry out the great national strike, with the central slogan: Down with the corrupt government of Pérez Molina! At the same time, we cannot leave the field open to the reactionary forces of the current regime, which are organizing a changeover exit by holding elections on Sept. 6.The short time remaining until the elections prevents us from presenting joint candidates on the left. Despite the sectarianism that undermines the creation of an alternative government, we reiterate our call to not waste the vote, to make it an instrument of protest. We should vote critically for candidates who are Indigenous, peasant and popular representatives submitted by the Guatemalan National Revolutionary Unity (URNG-WINAQ) and the Council of the Maya People (CPO-CONVERGENCIA) parties.The more votes that the left parties obtain, the less the reactionaries will be able to impose the changeover of the government. A massive election of deputies and mayors from these left forces would form a powerful left bloc, which must continue the struggle after the elections against the current capitalist system and which on the congressional and municipal government levels can push the immediate task of building the National Constituent Assembly.Popular organizations must lead the struggle in the streetsThe electoral front is just one of the many fronts of struggle. The struggle in the streets is more important. Regarding this issue we have insisted on the urgent need for peasant, Indigenous, trade union, popular, youth and women’s organizations and other oppressed social sectors to place themselves at the head of the demonstrations against corruption and impose their class demands, complementing the democratic demands with the heartfelt social demands of the oppressed and exploited in Guatemala.Historical experience teaches us that democratic revolutions always start as conflicts between factions of the bourgeoisie, and the socialist and popular revolutions begin as democratic revolutions, which the oppressed and exploited can use to press forward their own demands and impose the power of their organizations and parties. Because of this we have emphasized that the Social and Popular Assembly (ASP), in partnership with other effective organizations such as the National Coordination of Peasant Organizations (CNOC) and the Committee of Peasant Development (CODECA), boldly place themselves at the forefront of the protests.The struggle to change Guatemala is just beginningWe wholeheartedly support the protests announced for next week beginning Tuesday (Aug. 25) by the ASP, the Teachers in Resistance and the USAC. We must demand the resignation and departure of President Otto Pérez Molina; the reform of the Electoral and Political Parties Law with deeper and more democratic proposals than those made by the Supreme Electoral Tribunal; the establishment of a peasant, Indigenous, trade union and popular government without the participation of representatives of groups or parties of the bourgeoisie; and the convening of a Popular and Plurinational National Constituent Assembly that can transform Guatemala on behalf of the dispossessed.Central America, Aug. 24, 2015Executive Central American Secretariat (SECA)Central American Socialist Party (PSOCA)The original version of this document was published at the website of EL SOCIALISTA CENTROAMERICANO (elsoca.org), a news site expressing the viewpoint of various Marxist and workers’ parties in the different Central American countries. Translation by Workers World managing editor John Catalinotto.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
to go further Reporters Without Borders is outraged by the Algerian government’s decision to ban distribution of the current issues of three French publications – L’Express, Marianne and Journal du Dimanche – on the eve of tomorrow’s election, in which President Abdelaziz Bouteflika is running for a third term. Help by sharing this information AlgeriaMiddle East – North Africa News May 18, 2021 Find out more RSF_en May 12, 2021 Find out more Organisation Follow the news on Algeria News News Algeria : Reporter jailed after covering Tuareg protests in southern Algeria AlgeriaMiddle East – North Africa Harassment of Algerian reporters intensifies in run-up to parliamentary elections Reporters Without Borders is outraged by the Algerian government’s decision to ban distribution of the current issues of three French publications – L’Express, Marianne and Journal du Dimanche – on the eve of tomorrow’s election, in which President Abdelaziz Bouteflika is running for a third term.“This censorship is disgraceful,” Reporters Without Borders said. “It constitutes a denial of press freedom and therefore a denial of democracy. Such measures unfortunately recur with some regularity in present-day Algeria. It is time the authorities allowed the country’s citizens to have access to free and independent news and information.”The secretary of state for information announced that the latest (2-8 April) issue of the weekly L’Express, which has an article by Dominique Lagarde headlined “Abdelaziz and his people,” was confiscated under article 26 of the 07/90 news media law.The article says that: “Periodical and special publications, national and foreign, whatever their nature and their destination, must not include any illustration, account, information or insert which is contrary to Islamic morality, national values or human rights, or which condones racism, fanaticism or treason.”L’Express managing editor Christophe Barbier said: “We vigorously protest against the censorship of L’Express this week in Algeria (…) This censorship is unacceptable.” The offending article can be read on the magazine’s website. Article:(http://www.lexpress.fr/actualite/monde/afrique/algerie-abdelaziz-bouteflika-et-les-siens_752321.htmlThe latest (4-10 April) issue of the weekly Marianne has a story headlined “Bouteflika, the last sultan.” The offending article in Journal du Dimanche is headlined: “Algerians in France vote, poll despair. ”The offending articles can be read on Internet.Foreign publications are often seized by the Algerian authorities. Afrique Magazine was confiscated on 7 March because of an article by Farid Alilat entitled “Algeria, twilight of the generals,” which supposedly violated “national values.” The 30 October 2008 issue of L’Express was seized because of a cover story that was deemed to be an “attack on Islam.” It was headlined: “Jesus and Mohammed – their itinerary, their message and their vision of the world.” An issue of Jeune Afrique was banned in May 2008 because of an article on the Algerian region of Kabylie.——- On 06 April 2009, Reporters Without Borders sent an open letter today to Algerian President Abdelaziz Bouteflika : http://www.rsf.org/article.php3?id_article=30769 Algeria pressures reporters by delaying renewal of accreditation April 8, 2009 – Updated on January 20, 2016 Three French publications banned on the eve of presidential election News Receive email alerts April 29, 2021 Find out more
RSF_en May 19, 2021 Find out more June 11, 2010 – Updated on January 20, 2016 Opposition daily allowed to resume publishing but editor still held News BangladeshAsia – Pacific February 26, 2021 Find out more Bangladeshi writer and blogger dies in detention Organisation RSF calls for the release of Bangladeshi journalist Rozina Islam, unfairly accused of espionage News to go further News Follow the news on Bangladesh Bangladeshi reporter fatally shot by ruling party activists News BangladeshAsia – Pacific Help by sharing this information February 22, 2021 Find out more Receive email alerts Reporters Without Borders welcomes a Dhaka high court decision staying the cancellation of Amar Desh’s licence for three months, which allowed the opposition daily to bring out an issue today for the first time in 10 days. Amar Desh was back on the newsstands this morning with a special four-page edition that was welcomed by the newspaper’s regular readers. In the same ruling, the high court also forbad any form of torture of its editor, Mahmudur Rahman, who has been held since 2 June.“We hail the high court’s decision to guarantee Rahman’s physical integrity and allow Amar Desh to resume publishing,” Reporters Without Borders said. “At the same time, we condemn the government’s politically-motivated persecution of this opposition newspaper and we call for Rahman’s immediate release.”The press freedom organisation added: “We also urge Prime Minister Sheikh Hasina Wajed’s government to drop all the proceedings against Rahman and to guarantee the newspaper’s ability to continue operating after the three-month period.”In its ruling, the high court said the police could continue to interrogate Rahman during his current 12-day period of pre-trial detention but ordered a medical examination after each session to verify that he has not been tortured. His lawyers will be allowed to watch each session but will be separated from him by a glass window.________________________________________________________________10 June 2010 Far-fetched sedition charge brought against newspaper chief editorReporters Without Borders is outraged by the charge of sedition that has been brought against Mahmudur Rahman, the chief editor of the opposition daily Amar Desh, and calls on Prime Minister Sheikh Hasina’s government to guarantee his physical integrity, as he may have been mistreated in detention since his arrest on 2 June.“In the space of a few days, Rahman has been accused of fraud, obstructing the police, printing an outlawed group’s posters and now sedition,” Reporters Without Borders said. “We think he is the victim of political persecution and we fear that this case marks a tragic return to the old anti-democratic practice of harassing leading opposition figures. We call for his release.”A national daily, the now closed Amar Desh is closed to the opposition Bangladesh Nationalist Party.A journalist who has been held in the past on a sedition charge told Reporters Without Borders: “The cells are filthy, the toilets are revolting and there is little food and water. The interrogation sessions normally take place in the evening and mistreatment is common.”The sedition charge allows the authorities to hold Rahman indefinitely until a competent court issues a verdict. The decision to bring this very serious charge was endorsed by the Awami League government’s interior minister. In support of the charge, the police said Rahman met a group of officials accused of plotting in 2006 against the government.Two other new charges have been brought against him. One is complicity in an attempt by around 100 members of the BNP’s youth organisation to grab him from the police during his transfer from a court to a prison. The other is printing propaganda material for the banned Islamist movement Hizb-ut-Tahrir.On 8 June, the Dhaka high court ordered five Amar Desh journalists to present themselves for trial on a charge of obstructing justice for resisting an attempt by around 100 people to carry out a raid on the newspaper on 2 June.The high court is meanwhile considering a petition for the quashing of the order withdrawing the newspaper’s licence.Read the previous article on Rahman: http://en.rsf.org/opposition-daily-closed-force-used-02-06-2010,37648.html
TAGSfeaturedLimerick Strand HotelUniversity Maternity Hospital Advertisement Shannondoc operating but only by appointment WhatsApp Walk in Covid testing available in Limerick from Saturday 10th April Committee members for the Neonatal Unit Fundraising Ball, Liz McCarthy, Marie Healy Barron and Maria Harper.A fundraising ball will take place at the Limerick Strand Hotel on Saturday, February 11 to raise funds for the Neonatal Unit at University Maternity Hospital Limerick.A group of parents whose children have all passed through the University Maternity Hospital Limerick came together to organise a the ball to raise funds for the Neonatal Unit. This is their way of giving something back to the unit to show how grateful they are for the care and dedication the nursing staff and doctors gave to their babies when they were born.Sign up for the weekly Limerick Post newsletter Sign Up The fundraisers are looking for sponsors to help with the cost of the evening to ensure that as much of the money raised from the sale of tickets and raffle prizes will go to the unit directly.The ball will start with a drinks reception, with a performance from the Unity Gospel Choir Limerick at 7pm, followed by dinner and entertainment, spot prizes and raffles. Entertainment will be from the Camembert Quartet on the night, otherwise known as the Late Late Show House Band.The Neonatal Unit provides expert, round-the-clock care for newborn babies who are ill or born prematurely. It has 19 baby treatment spaces, these spaces are occupied by a mix of cots and incubators.Proceeds from the night will go directly to the neonatal unit and will not be used for the maternity services and facilities in the hospital. The unit is currently looking at getting an EEG unit which detects seizures in premature babies and it is hoped that whatever funds are raised on the night that they will go towards purchasing this machine.Tickets for the Neonatal Unit Fundraising Ball will be €80. They will be available from Harpers at the Milk Market, Box Office University Concert Hall, Limerick Strand Hotel or you can send an email to [email protected] Proceedures and appointments cancelled again at UHL Facebook Linkedin Email Twitter Print NewsHealthFundraising ball for Neonatal UnitBy Editor – January 30, 2017 1192 Surgeries and clinic cancellations extended First Irish death from Coronavirus No vaccines in Limerick yet Previous articleCompetition winnerNext articleAnti-racism groups condemn immigration ban at Shannon Airport Editor RELATED ARTICLESMORE FROM AUTHOR
About Author: Kendall Baer Servicers Navigate the Post-Pandemic World 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Previous: Treasury: Here’s What Housing Reform Should Look Like Next: If Seller Sentiment is Up, Why Aren’t Homeowners Taking the Plunge Tim Sloan Wells Fargo 2016-10-28 Kendall Baer Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Tim Sloan Wells Fargo Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. in Daily Dose, Featured, Print Features Subscribe Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Reshaping a Culture: An Exclusive Interview With Wells Fargo’s Incoming CEO Tim Sloan The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Editor’s Note: This story appears in the November 2016 Edition of DS News, available November 1st.“I am deeply sorry that we failed to fulfill our responsibility to our customers, to our team members, and to the American public,” said John Stumpf, Wells Fargo’s Chairman and CEO, on September 20th in a prepared statement to the Senate Banking Committee. “I want to apologize for violating the trust our customers have invested in Wells Fargo. And I want to apologize for not doing more sooner to address the causes of this unacceptable activity.”Earlier that month, the Consumer Financial Protection Bureau (CFPB), the Office of the Comptroller of the Currency (OCC), and the Los Angeles City Attorney’s Office fined Wells Fargo a combined total of $185 million for opening approximately 2 million unauthorized accounts without consumers’ knowledge. During his testimony, Stumpf did not attempt to pass the buck. But the overwhelming wave of criticism from the public to politicians seemed to wash away Stumpf’s sincere apologies. On October 12, Stumpf abruptly announced his retirement from Wells Fargo and made the following statement:“I am grateful for the opportunity to have led Wells Fargo. I am also very optimistic about its future, because of our talented and caring team members and the goodwill the stagecoach continues to enjoy with tens of millions of customers. While I have been deeply committed and focused on managing the Company through this period, I have decided it is best for the Company that I step aside.”Enter Timothy J. Sloan. Taking on the role of President and CEO, the 29-year corporate veteran is seen by many as the right choice to restore lost confidence in the 160-year-old staple of the financial industry. Who is Tim Sloan?Some were skeptical of the leadership changes. Upon hearing news, U.S. Representative Keith Ellison (D-Minnesota) tweeted, “Ok, but does this ensure real reform?” Senator Sherrod Brown (D-Ohio) released a statement saying “There must be accountability to fix the culture within Wells Fargo that encouraged cheating and left senior executives either unwilling or unable to stop it for far too long. Unfortunately, Mr. Stumpf’s retirement does nothing to answer the many questions that remain.” “I don’t think an insider is the right guy to do it,” analyst Dick Bove said in an interview with CNBC. “The culture needs to be adjusted. The fat has got to come out of this company. There’s a whole lot of things that need to be done that Mr. Sloan is not going to do.”But Sloan doesn’t shy away from admitting that there is major work to be done within the bank to regain the trust of its consumer base.“We fell short of the expectations we have of ourselves and the expectations our customers have of us,” said Sloan in an exclusive interview with DS News. “The challenges we face are real and essential to fix. It will take time to repair mistakes and lead the company forward. We intend to strengthen our culture throughout our organization and ensure we are always doing the right thing for our customers. While there is much more still to be done, we have already begun a series of changes that will help to rebuild trust.”It remains to be seen how greatly these leadership changes will impact Wells Fargo’s business, but Sloan has the credentials and experience to back his bold words. Born and raised in Detroit, Sloan received his undergraduate and graduate degrees at the University of Michigan. With his M.B.A. being in finance, Sloan’s passion for financial services was sparked. After spending about three years with Illinois Continental Bank in Chicago, Sloan joined the Wells Fargo team, where he has served in a variety of roles throughout the years.Committed to HomeownershipThough Sloan’s primary focus during his tenure has been in the bank’s commercial and wholesale banking businesses, he is no stranger to Wells Fargo’s Home Mortgage division, the largest retail mortgage lender in the United States. And he is bullish to the future. “We are innovating – through both technology and the trusted personal guidance that has been our hallmark through the years – the customer experience as well as our underwriting and servicing processes,” says Sloan. “We are using the power of technology – now and for the future – to enhance the experience on behalf of our customers and clients, vendors, settlement agents, and partners. Our team is aligned and energetic, and we are optimistic about the future.”Despite a period of transition within Wells Fargo’s mortgage banking division following last year’s retirement of Michael J. Heid and installation of Franklin Codel as head of home lending, Sloan insists that his team is stable and has a central focus on promoting the opportunity for homeownership throughout the nation. “The United States is in the midst of an historic demographic shift. Millions of Millennials will enter the home buying market in the next decade, representing the largest generational wave of new homebuyers since the Baby Boomers came of age in the 60s, 70s, and 80s. The group of emerging first time homebuyers will also be “majority minority” led by the Hispanic and African American communities,” says Sloan. “These consumers want a lender that is going to help them understand their options, answer their questions, and chart a path toward sustainable homeownership. We want Wells Fargo to be viewed as the lender of choice for first-time homebuyers, diverse communities, and low- to moderate-income communities. These are markets where homeownership rates currently lag behind the national average, but opportunities for mortgage and homeownership growth – and the benefits they bring to consumers and communities – are prevalent.”Sloan says that Wells Fargo is committed to providing sustainable solutions for homeownership. He praises Codel and his team for working to act on and advance a strategic vision centered on serving customers through excellence in their process, products and programs, service, and execution.“The team has rallied around an organization-wide commitment to enabling sustainable homeownership announced this past spring,” says Sloan. “Flexible new programs like your First Mortgage – a 3-percent down home loan paired with optional financial education and launched in May – illustrate the focus on providing customers with the tools, trusted guidance, and credit they need to achieve financial success. We believe that, as the nation’s largest mortgage lender and servicer, we can help more Americans realize the benefits of homeownership.”Committed to CultureAs he takes charge during the metamorphosis of an institution he has been a part of for nearly three decades, Sloan believes that now more than ever, the company’s values call the institution as a whole to be centered on doing what is right for the customer because a better served customer means a stronger, better Wells Fargo.“I know no better individual to lead this company forward than Tim Sloan,” John Stumpf said in his statement announcing his exit. But why? What makes Tim Sloan the man for the moment? Sloan says that his leadership style is a combination of approaches that can be best used at different times depending upon the situation. “There have been a few lessons I have embraced and try to pass along to others, including: hire people who are smarter than you; take care of those people, treat them fairly and challenge them; never ask them to do something you would not do; admit when you are wrong, but never, ever waiver when you believe you are right; and be a role model for honest and ethical behavior,” says Sloan.“Clearly, right now at Wells Fargo, my job is to ensure we are all applying tremendous focus on making the changes necessary to help rebuild trust and always doing what is right for our customers,” he continued. “This is foundational to who we are and how we operate. And, at the same time, I want to remind our 265,000 team members around the world that while we have a lot of work to do, Wells Fargo has been successfully operating for 164 years, and we look forward to being there for our customers for another 164 years and beyond. We have an incredible legacy and a bright future.”Though Wells Fargo has a long way to go in terms of recovering the confidence and trust of their customers, one thing seems certain: Tim Sloan is committed to ensuring that the reputation of the nation’s largest mortgage lender remains in-tact for years to come. “These recent weeks have not been easy, but I could not be more proud to lead a company with such an outstanding history and with so many dedicated team members in all of our businesses.”Don’t miss this story and so much more November 1st in the latest edition of DS News. The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Reshaping a Culture: An Exclusive Interview With Wells Fargo’s Incoming CEO Tim Sloan Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily October 28, 2016 2,278 Views
Training news: workforce set to double at on-line learning firmOn 26 Sep 2000 in Personnel Today Previous Article Next Article Comments are closed. On-line learning company Epic Group has announced it is to double its workforce in the next nine months, creating 120 jobs. The Brighton-based company has seen staff numbers grow from 81 to 116 since April – a 40 per cent increase. This figure will be 240 staff by 2001.Graduate training outsourced to partnerCisco Systems has outsourced its graduate training programme delivery to EMEA-certified training partner Horizon MTS. Running in Cisco’s Brussels training facility, the 16-week course began at the end of July for 250 graduates in groups of 15, mainly recruited from European universities. Horizon will provide up to eight instructors per week and most of the course delivery.Mentors will help IT leaders achieve potentialThe personal development network for senior information and technology executives, Impact, has launched a mentoring service for chief information officers (CIOs) and IT directors. The service aims to release their potential by providing a sounding board on the critical challenges they face. It was developed after Impact research found CEOs expect IT leaders’ business and personal management ability to be as strong as their technical awareness.Council is held up as an example to othersThurrock Council in Essex is being used as a role model for other local authorities and organisations after it created a training programme to help frontline staff develop their careers. The Help Yourself scheme is aimed at the direct works services department and aims to provide staff with basic skills training.Business studies included on OU timetableThe Open University is to offer an undergraduate degree in business studies for the first time. Business studies has previously only been available at postgraduate level through the OU, even though 12 per cent of students studying full time at universities take the subject. The first course will run from November.www.open.ac.uk Related posts:No related photos.
Home » News » Mid West Displays launches innovative display screen previous nextProptechMid West Displays launches innovative display screenThe Negotiator19th November 20190357 Views The next generation digital display screen for the estate agency and letting sector has been launched by Mid West Displays, saying that it believes the 15” digital display screen will offer dynamic property displays that estate agency customers will love.The screens are powered by the rods used to mount them so there are no unsightly cables and no specialist electrical installation required.The high brightness screen is designed to work in direct sunlight and an integrated Android media player makes it easy to upload content, share via a network and include third party apps.Displays can be synchronised for even greater eye-catching appeal. The screen is housed in an LED light frame and there is a pocket for graphics on the reverse.Mid West Displays Sales Manager Michelle Farnsworth said, “We are delighted to launch this truly innovative display screen. Vendors will love seeing their property displayed on the screens and they will make a truly impactful window display.”15” digital display screen Michelle Farnsworth Mid West Displays proptech display screens November 19, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021