Business
Growth Through Opportunity: How George Hamboussi Jr. Thrived in New York Real-Estate Law
George Hamboussi Jr. never thought he would get into real-estate law. Coming from a family in the real estate business, the young lawyer decided that when he graduated from the University of Buffalo, he would set his sights on corporate law instead. This is what he landed his first job in, and that was the plan for his first year out of school.
However, being the helpful son that he was, he began assisting his father whenever his real estate business required a lawyer. He came to his father’s aid enough that people began asking him if he was in real estate himself. He always said no, but it just kind of snowballed from there. Soon, Hamboussi Jr. quit his job to start his own law firm, and this is where he truly began embracing the world of real estate law.
George Hamboussi Jr. knows how hard it is to make it in New York City. As a small business owner and a representative of landlords through hard times like COVID-19, he knows well that failure is more than possible in the big city. Thankfully for Hamboussi Jr., he entered New York at the perfect time.
It was around fifteen years ago that Brooklyn’s Chinatown boomed, and around fifteen years ago that Hamboussi Jr. opened his first office. The young lawyer decided to lean into this happenstance, at a time when Chinese Americans and other Asian Americans were purchasing and renting around this neighborhood. He introduced himself to the community, presented himself and his business. He was featured on SinoVision, a Chinese-language television network based in Manhattan, and promoted on loop. It was around this time that he also began representing a builder of condominium units in the area, which helped put him on the map even further as a real estate lawyer.
This all put Hamboussi Jr. in a fantastic position during one of the worst economic crises in American history. While the recession of the aughts was hitting New York City and the country as a whole incredibly hard, Hamboussi Jr. was opening a second office in Manhattan, larger space in the heart of the city’s business district.
His firm’s expansion only increased. A third office came on the suggestion of some real estate brokers, who came to them with a proposition: if Hamboussi Jr. and his team could represent them regarding purchasers who spoke Spanish or Asian languages, the office would be provided in their package. Since Hamboussi Jr. surrounded himself with employees who speak Mandarin, Cantonese, or Fujianese, and since he himself speaks fluent Spanish, this was a deal that was possible for his firm to uphold. Suddenly, Hamboussi Jr. gained yet another location, and he found himself going from office to office each day, serving more and more clients as the years progressed.
“Even without thinking about growing,” Hamboussi Jr. explained with a laugh,” it just happened through opportunity.” His law offices became so bustling with clients and employees alike, that he began working from home each Thursday as a way to escape from the bustle of everything.
Hamboussi Jr.’s story represents well the key to growth: putting oneself out there, and letting the contacts you develop to guide your business to success. Business owners must advertise themselves in the best way possible, and integrate themselves into the communities they serve. Hamboussi Jr. got where he is because he was fantastic at positioning his services. It only took a small amount of force, but that single push helped start a snowball effect, where word-of-mouth and results-driven business helped propel him to lengths he never thought possible.
To contact George Hamboussi Jr., email [email protected] or call his office at (718) 439-4512.
Business
Black Banx Group — Third Quarter 2025 Results
FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025
Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025
Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.
Key figures for Q3 2025:
- Revenue: USD 4.3 billion
- Profit before tax (PBT): USD 1.6 billion
- Cost-to-income ratio: ≈ 62%
- Customer base (period-end): ~92 million clients
YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.
“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”
Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”
Business highlights:
- Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
- Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
- Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
- Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
- Strategic investments sustained in growth markets while preserving profitability and shareholder value.
Outlook:
With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.
About Black Banx Group:
Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.
Media Contact:
Black Banx Media Relations
Email: [email protected]
Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.
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