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EXCLUSIVE-Mexico to hold off on possible new energy reform until next year – sources

September 27, 2020

By Adriana Barrera

MEXICO CITY, Sept 22 (Reuters) – Mexico’s president asked regulators on Tuesday to help strengthen state oil firm Pemex and power company CFE using existing laws, but added he could seek energy reforms next year if required to meet his goals, two sources said.

The sources, who were at the closed-door meeting and spoke on condition of anonymity, said President Andres Manuel Lopez Obrador called on energy regulators to avoid issuing permits that would prevent private competitors to Pemex and CFE from expanding their footprint in the country.

During the session at the national palace, the leftist energy nationalist expressed his wish to provide tax breaks and refinance the massive debt loads of the state-run energy giants, formally known as Petroleos Mexicanos and Comision Federal de Electricidad, the sources said.

Pemex is the world’s most indebted oil company, with about $100 billion in financial debt.

The

Insgroup Named to Business Insurance’s Top 100 Brokers of U.S. Business for Second Year in a Row

September 26, 2020

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The MarketWatch News Department was not involved in the creation of this content.

HOUSTON, Sept. 23, 2020 /PRNewswire via COMTEX/ —
HOUSTON, Sept. 23, 2020 /PRNewswire/ — Insgroup, Inc., the leading closely held insurance brokerage firm in the state of Texas, announced the firm’s inclusion on the 2020 Top 100 Brokers of U.S. Business by Business Insurance. An impressive 26.5 percent revenue growth has resulted in Insgroup improving 12 positions to the 87^th largest firm in the nation. This marks the second consecutive year Insgroup has earned this distinction, debuting at the 99^th ranking in 2019.

Of the growth, Insgroup’s President and CEO, Brian Kapiloff, said, “Over the past several years, the firm has continually focused on revenue growth through the development of Risk and Benefit Advisors, unique specialties and niche focused coverage solutions as well as investments in cutting edge technology to assist our teams with

Wells Fargo’s Kara McShane Named Commercial Real Estate Finance Council’s Inaugural 2020 Woman of the Year

September 26, 2020

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| finance

Wells Fargo & Company (NYSE: WFC) is pleased to announce that Kara McShane, head of Commercial Real Estate (CRE), has been named the inaugural 2020 Woman of the Year by Commercial Real Estate Finance Council (CREFC). The award is given to a member of CREFC who is nominated by industry peers, exemplifies strong engagement and leadership in the commercial real estate finance industry, has helped improve the marketplace, and demonstrates high ethical and professional standards.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200923005337/en/

Jon Weiss, CEO of Wells Fargo Corporate and Investment Banking, comments on Kara McShane, Head of Wells Fargo Commercial Real Estate, receiving CREFC’s Woman of the Year honor (Photo: Business Wire)

McShane has more than 25 years of commercial real estate and fixed-income experience. She took the helm of Wells Fargo CRE, which is the #1 commercial real estate lender in the

Can You Make Over $100,000 a Year in the Auto Repossession Business?

May 4, 2020

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| business

A common question in the repo industry is, “How much money do repo men make?”

If someone told you that you could make over $100,000 a year in a bad economy without a college degree, you’d think they were crazy. But some auto repo business owners are not only doing well – they’re making six-figures a year. When the economy does bad, they do better!

How Much Do Repo Men Make?

If you start your own auto repossession business, you can expect to earn $250 (or more) per repo’ed car. If you repossess two cars a night, five days a week, that’s $130,000 a year. It certainly requires hard work and determination, but it’s possible.

Repossession agents make the most money when lenders hire them to track down hard-to-find debtors – which is called “skip-tracing.” If a debtor voluntarily gives up their car (or if they’re easy to track-down,) an … Read More