496, financial industry layout initially completed
There is a lot of buzz outside about Wheelock's acquisition, but it has nothing to do with Chu Huan.
Because Chu Huan had already flown to New York at this time.
The matter regarding the acquisition of commercial banks in North America has finally been settled.
After lengthy negotiations and acquisitions, KKR, which was still under the control of Jerry Kohlberg at this time, finally helped Chu Huan complete all matters related to the acquisition of Alder Commercial Bank of North America.
In fact, before this, Chu Huan had left US$2.5 billion for kkr to take charge of the acquisition of Alder Commercial Bank.
But after negotiations and the funds that needed to be allocated, it was US$30 million more than the US$2.5 billion predicted by Chu Huan and Jerry Kohlberg!
"The main reason for this is that several members of Congress in North America have some opinions on the acquisition of Alder Commercial Bank by North American Jiaku. They believe that a North American commercial bank should not be acquired by a company not registered in North America. This is not in line with North American law.
Interest demands!"
Chu Huan would not stay in New York for too long this time, so he chose to live in his own penthouse apartment in Manhattan.
Chu Huan did not go to the company, but chose to meet Jerry Kohlberg here.
Chu Huan had already expected such a result. Although North American Jiaku was called North American Jiaku, his company was actually not registered in North America, but in the Bahamas, a tax haven.
It is absolutely reasonable for someone in North America to raise such objections. Not to mention Chu Huan, in fact, in another time and space, HSBC also encountered such a problem when it acquired Ocean Milan Bank in North America.
Even Ocean Milan Bank of North America was downgraded in the end.
At this time, Chu Huan spent an extra US$30 million, but it prevented Alde Commercial Bank from being downgraded, which showed that this bank could set up some of its own businesses in Xiangjiang.
The most important thing is that Chu Huan has finally completed an important layout in the financial industry. This is the most important thing.
"Look what the newspapers say!"
Chu Huan did not answer Jerry Kohlberg's words, but pointed to the "Wall Street Journal" in his hand, which contained information about the acquisition of Alder Commercial Bank by NAA.
The title even used the appalling Dongfang Chuhuan’s full-scale invasion of North America!
Jerry Kohlberg smiled helplessly and said, "Chu, don't underestimate this report. There is a lot of discussion about this matter in North America and Wall Street right now. Many companies even claim that they will stop doing this from now on."
Cooperation with Alder Commercial Bank.
"Invincibility starts with sacrificing the ancestor"
This is because Alder Commercial Bank has not yet been listed. Otherwise, the stock price would have to fall below 90%!
In addition, Alde Commercial Bank now has many problems. First of all, in terms of management, many managers have submitted letters of resignation. They themselves hold many of the company's secrets and customers. If they lose them, the company's next steps will be very difficult.
Operations will be in a dilemma.
Secondly, there are the depositors of this bank. Although there has not yet been a trend of bank runs, many customers are already withdrawing money. If this matter is not controlled, it is likely to trigger a bank run in the end.
Trend."
When talking about the latter incident, Jerry Kohlberg also looked very serious. It was obvious that this matter was very serious.
Of course it is serious. If, as Jerry Kolberg said, Alde Commercial Bank triggers a run on banks, there will be only one result waiting for Alde Commercial Bank: bankruptcy and liquidation!
Then Chu Huan’s US$2.8 billion was completely wasted!
"Alder Commercial Bank has total assets of US$8.3 billion, deposits of US$6.8 billion, loans of US$27.2 billion, and a loan-to-deposit ratio of 40. This financial situation is quite beautiful."
Chu Huan did not express his opinion on what Jerry Kohlberg said. Instead, he held the information of Alder Commercial Bank in his hand and smiled.
Jerry Kohlberg said, "Didn't you also take a fancy to Chu when you decided to acquire Alder Commercial Bank?"
Chu Huan nodded slightly and said, "I have already thought of ways to deal with the two problems you just mentioned!"
Jerry Kolberg was not very surprised by this. He basically communicated with Chu Huan on the phone every day about the situation of Alder Commercial Bank. He naturally believed that Chu Huan must have a solution, otherwise
, Chu Huan just took 2.8 billion US dollars and wasted it!
At this time, Wu Shuhan came to the study room with David Maxwell, general manager of North America A Library.
"Are the people ready for you to prepare?"
Chu Huan asked David Maxwell directly.
David Maxwell preached, "There are 63 people in total, including 41 white people from North America and 22 Chinese from Hong Kong. They are all in place."
Even if the management of Alde Commercial Bank had not resigned, Chu Huan would definitely reform the management of Alde Commercial Bank.
Therefore, those people's voluntary resignation was actually a good thing for Chu Huan.
This was also in the 1970s. If it were the time when Chu Huan was reborn, if there were no black people in this group of people, it is estimated that there would definitely be protests by black people. After all, at that time, black lives mattered and it was politically correct.
Save a lot of trouble now!
"The headquarters of Alder Commercial Bank is in Los Angeles, so you will have to fly frequently between New York and Los Angeles in the future!"
Chu Huan preached to David Maxwell.
Starting today, David Maxwell is not only the general manager of North America Acu, but also the general manager of Alder Commercial Bank. The chairman is naturally Chu Huan, but David Maxwell is responsible for specific affairs.
.
As for the 63 people who are preparing to come out, they will enter various departments of Alde Commercial Bank, from the management of the company headquarters, to the managers of various departments, to ordinary salesmen, everything is included.
When the North American Jiaku was established, a group of people were transferred from Xiangjiang. At the same time, a group of people were recruited in North America based on the operation model of the Xiangjiang Jiaku.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content! Now Chu Huan no longer has the problem of talent shortage. Instead, there is too much talent reserve. This also indirectly increases the work of Ma Jizu’s Investigation Department.
pressure.
David Maxwell did not have any objections to Chu Huan's arrangement. On the contrary, he was very happy. After all, it was very good to be able to personally control a commercial bank.
"Don't worry, Chairman, I don't have any problems here!" David Maxwell said confidently.
"You only have two days to deal with the situation in New York today and tomorrow. You will follow me to Alde Commercial Bank to take up the post the day after tomorrow. Is there any problem?"
Chu Huan continued to ask David Maxwell.
David Maxwell nodded and said, "No problem. I have already arranged the specific matters for North American ADB in advance. What I need to do now is to meet with some media in New York to inform the future development of Alder Commercial Bank."
Prospects, that’s it!”
The future development of Alder Commercial Bank naturally does not need to be announced to the media. The main reason for doing so now is to stabilize the confidence of depositors.
We cannot let a run on Alde Commercial Bank happen just after it was acquired by Chu Huan. If that were the case, it would be really embarrassing!
"Okay, let's leave this matter as it is. I'll wait for your news!"
In this matter, Chu Huan was not prepared to show up directly. After all, he still had to consider the fragile endurance of the North American people.
A Chinese bought their bank and appeared on TV every day. This was not something they could accept.
David Maxwell nodded "No problem!"
Then Chu Huan handed David Maxwell a list and said, "This is a list of managers who submitted resignation letters at Alde Commercial Bank. It has their specific positions. You can take it back and study it carefully. According to our
Arrange people’s positions according to their abilities and expertise!”
David Maxwell nodded "Yes!"
Although David Maxwell has been given many tasks, Chu Huan is not worried about tiring David Maxwell at all, because he is not the only one who does these things, but the entire North American League is helping.
He went to perfect these things.
"Editor-in-Chief, Chu Huan has arrived in New York!"
At the headquarters of the Wall Street Journal in New York, Jack O'Brien reported Chu Huan's whereabouts to editor-in-chief Warren Philip.
"Today, people from our newspaper office who were stationed in North America's Jiaku saw with their own eyes David Maxwell, the general manager of North America's Jiaku, drove to Chu Huan's apartment in Manhattan. This means that Chu Huan must have arrived in New York!"
Warren Phillip smiled and said, "Well done. This time we want him to understand that this is North America, not Hong Kong. His tricks will not succeed. We also want him to understand that he rejected us in the first place" Wall Street Journal
What a stupid thing to do.”
Jack O'Brien did not speak, because Warren Philip had already said this once when Chu Huan acquired Ford Motor's shares.
But that time, facts proved that the Wall Street Journal was wrong.
Although he understood this in his heart, Jack O'Brien did not remind Warren Philip. It was not that he did not want to remind him, but that he could not remind him.
Because Jack O'Brien understood that by this time, Warren Philip was no longer simply angry because Chu Huan refused to be interviewed by the Wall Street Journal.
The grievances between Warren Philip and Chu Huan were indeed caused by Chu Huan's refusal to be interviewed by the Wall Street Journal.
But that was just the beginning. Later, as Chu Huan succeeded one after another and broke the speculations of the Wall Street Journal, there was no possibility of mediation between Warren Philip and Chu Huan.
The pride of the Wall Street Journal does not allow them to do this.
Finally, even with regard to the acquisition of Alder Commercial Bank, Jack O'Brien did not believe that the Wall Street Journal's prediction would be wrong.
No matter how you look at it, if a North American commercial bank is acquired by a wealthy Hong Kong businessman, this is something that is likely to cause big problems.
North Americans will not believe a wealthy Hong Kong businessman, especially if the "Wall Street Journal" adds fuel to the fire!
"I have arranged a report on the company. Here is the first draft for you to take a look at. If there are no problems, this report will become the front page of our Wall Street Journal tomorrow!"
As he spoke, Jack O'Brien handed Warren Phillip a report.
After Warren Phillip received the report, he read it carefully. After a long time, Warren Phillip gave a sermon.
"There are still some words here that are not strong enough, so leave them here with me. After I make the changes, I will notify the printing house to start printing. Tomorrow I will let the entire Wall Street and the entire North America see this report!"
Jack O'Brien raised his eyebrows slightly.
He must admit that Warren Phillip is an excellent manager, but at the same time he cannot deny that Warren Phillip is an unsuccessful copywriter.
"Editor-in-Chief, I think we can leave these matters to the editors of the newspaper. There is absolutely no need for you to revise them yourself."
"No!" Jack O'Brien refused directly, "This report is very important, I must write it myself!"
Seeing Warren Phillip being so determined, Jack O'Brien knew that it was useless to say anything else, so he could only nod and said, "Yes!"
The next day!
Simons is a stockbroker working on Wall Street. For him, a cup of coffee and a copy of the Wall Street Journal are necessary every morning.
Today is no exception.
First, I bought a copy of the "Wall Street Journal" from the newsstand, then bought a cup of coffee from the cafe downstairs of the company, and finally hurried to the building where the company is located.
Looking at the other social animals in the lobby who were waiting anxiously for the elevator like himself, Simmons no longer had any inner turmoil. This situation day after day had already made his heart numb.
Only when he looked at the special elevators for high-rise buildings that did not require queuing, Simmons would have some waves in his heart, imagining when he would be like them.
The smell in the crowded elevator was finally not that bad, which made Simmons feel that his luck today would not be too bad.
After returning to the company and sitting at his desk, Simmons had time to take a sip of coffee. At the same time, because the stock market had not opened yet, he could calm down and read today's "Wall Street Journal"!
'A business acquisition for selfish purposes!'--"Wall Street Journal"
Simons was shocked when he saw this headline. Such an article appeared on the front page of the Wall Street Journal. If the protagonist in this report was a listed company, the other party's stock would definitely have a large number of stocks today.
of decline.
Thinking of this possibility, Simmons quickly looked at it carefully.
But when he saw the specific content of the report, he finally breathed a sigh of relief. It was not a listed company. The protagonist above was Chu Huan, the mysterious rich man from Xiangjiang who caused a sensation in North America a month ago. The other protagonist was Al
Deutsche Bank!
As for the Wall Street Journal's criticism of Chu Huan, this is no longer news. As one of the people working on Wall Street, Simmons is naturally aware of the grievances between the Wall Street Journal and Chu Huan.
It is not an exaggeration to say that The Wall Street Journal is Chu Huan’s lifelong fan.
As for North America's acquisition of Alder Commercial Bank, it has been mentioned before, so he was not too surprised.
At that time, I just lamented that Chu Huan's wealth and operational ability actually completed the acquisition of a commercial bank in North America without having the influence to cause the commercial bank to be downgraded.
No matter what he thought in his heart, he still read the report seriously.
"This is an acquisition destined to have thousands of savers paying for it!"
The first sentence in the report immediately whetted everyone's appetite.
Subsequently, the Wall Street Journal first introduced Chu Huan’s investments and acquisitions in North America in its report.
“According to the investigation results of this newspaper, Chu Huan’s North American AKU has completed a number of acquisitions since its establishment in North America, including North American Qingjin Clothing’s acquisition of Nike, North American Black and White Media’s acquisition of Loart Cinema, and North American Black and White Media’s acquisition of Loart Cinemas,
Bo's acquisition, North American Fantasy Comics' acquisition of Marvel and DC, North American Aku's acquisition of Ford Motor Co., and now North American Aku's acquisition of Alt Commercial Bank."
Seeing this, Simmons couldn't help but be surprised. He knew that Chu Huan's North American Jiaku had a lot of business operations in North America, but he didn't expect that Chu Huan had so many business operations?
All over the clothing, media, automobile, finance, and comics industries!
"In these acquisitions, because Nike, Lottery Cinemas, Marvel, and Alt Commercial Bank are all listed companies, we cannot get the specific acquisition price, but we know about the acquisition of Ford Motor Co., Ltd.
This acquisition alone cost Chu Huan 1.3 billion U.S. dollars. Based on the valuation calculations of Nike, Lotter Cinema, Bo and Alder Commercial Bank, Chu Huan spent at least 1.3 billion U.S. dollars in this series of acquisitions.
$1.9 billion.
In addition, this newspaper learned that Chu Huan is still working on two very large projects in Xiangjiang, namely Huaye City with an investment of US$17.5 billion and Zhulu Commercial Center with an investment of US$100 million.
At the same time, Chu Huan also jointly established the Ford Motor Asia Division with Ford Motor. According to predictions, the investment will be no less than US$200 million.
Finally, what we don’t know yet is Chu Huan’s investments around the world, which will also be an astronomical figure.”
"Yod!" Simmons finally couldn't help but sigh when he saw this. He had never thought that Chu Huan spent money so much.
But when he saw this, Simmons also wanted to understand what the Wall Street Journal wanted to say.
"Even if Fortune's assessment of Chu Huan's personal wealth is correct, Chu Huan's annual income is only about 1 billion U.S. dollars, and that's the income calculation at his peak. So with such a huge investment,
Later, when Chu Huan's cash was obviously tight, why did he acquire another North American commercial bank?
At the same time, we need to know that Chu Huan is known as the number one person in Xiangjiang. If it is to acquire a commercial bank in Xiangjiang, would it be more suitable for Chu Huan?
But why did he come all the way to North America to acquire a North American commercial bank?
So here we have every reason to believe that the reason why Chu Huan chose to acquire a commercial bank in North America was to fill the capital holes created by his investments around the world.
Before this, Alde Commercial Bank was a commercial bank with a very healthy loan-to-deposit ratio, but now, we have reason to believe that when Chu Huan takes over Alde Commercial Bank, the loan-to-deposit ratio of Alde Commercial Bank will increase significantly.
Rising, even exceeding the extremely dangerous line of 80!
As long as there is a problem in one of the links, Alde Commercial Bank will be unable to withdraw its deposits.
Here, we at the Wall Street Journal, as a responsible commercial bank, need to issue the most sincere advice to all depositors who have deposited in Alder Commercial Bank, be optimistic about your hard-earned money!"
When he saw the last word, Simmons exhaled and said in a deep voice, "Alder Commercial Bank is over!"
"What's over?" Irving, sitting next to Simmons, asked Simmons.
"Alder Commercial Bank is finished!" Simmons handed the newspaper in his hand to Irving and said calmly, "Didn't you read today's Wall Street Journal?"
Irving was stunned for a moment and said, "How could Alde Commercial Bank end? I feel like they are about to take off?"
This chapter is not finished yet, please click on the next page to continue reading the exciting content! As he spoke, Irving also handed Simmons a copy of the New York Times and continued, "I was just reading the New York Times and there was something about it.
The description of some prospects for the future development of Alde Commercial Bank is very good!"
Simmons was also stunned and quickly started flipping through the New York Times in his hand.
"Editor-in-Chief, something happened!"
Jack O'Brien rushed into Warren Philip's office in a panic.
At this time, Warren Philip was looking through the Wall Street Journal in his left hand, which was the report he had modified. In his right hand was a Cuban cigar, curled with tobacco.
Seeing Jack O'Brien coming in in such a panic, he was not angry, but asked with a smile, "Are some big customers already queuing up to withdraw money at Alde Commercial Bank?"
It is undeniable that North America is now the world's largest economic power, but the habits of North Americans have never changed, that is, the lives of the people at the bottom are difficult, and the people in the middle class have no savings, and even if they have, they only have a few dozen
It’s only a hundred dollars, so most of the main customers of commercial banks in North America are actually the wealthy people in North America.
That is, the bank’s big customers.
That's why Warren Philip asked this at this time.
Jack O'Brien immediately took a photo of the "New York Times" in front of Warren Phillip's eyes and preached in a panic.
"Editor-in-Chief, you'd better read the report in the New York Times first!"
Warren Phillip put down the Wall Street Journal in confusion, picked up the New York Times and said, "Why did they follow our reporting so quickly?"
But when he saw the report in the New York Times, the smile on his face disappeared.
‘Where does the incredible wealth come from?’ – The New York Times
"I believe everyone already knows about the acquisition of Alder Commercial Bank of North America by North America Aku. After this incident happened, this newspaper immediately interviewed Mr. David Maxwell, the general manager of North America Aku, and obtained the relevant information.
For first-hand information on this acquisition, the following is part of an exclusive interview with David Maxwell by our reporter Nash.
Hello Nash David!
David Maxwell Nash Hello!
Nash, regarding your company’s acquisition of Alder Commercial Bank, it has caused considerable repercussions in North America. May I ask David, why did your company acquire a commercial bank in North America?
David Maxwell, first of all, naturally because our company has great faith in the future development of the North American financial industry, and is also very optimistic about the future development of Hollywood. As we all know, the main loan users of Alder Commercial Bank are Hollywood producers.
factory.
Nash and other North American companies under your name have just been established, less than a year ago, and have not yet formed their own profit models. So can we understand that all of your company's current acquisitions are caused by
Did your chairman, Mr. Chu Huan, personally fund the project?
David Maxwell, you have several questions, and I need to answer them one by one.
Nash, this is natural!
David Maxwell First of all, the current investments and acquisitions of North American Jiaku and all the companies under his name are indeed personally funded by Mr. Chu Huan, the chairman of our company, and there is no problem with this.
Secondly, as for what you just said, we disagree with the fact that our company has just been established and has not yet made profits. The acquisitions and investments completed by the company during this period are basically acquisitions that already have a customer base in North America.
and investment.
This is true for Nike, Lottery Cinemas, Marvel, Alter Commercial Bank, and Ford Motor Company, which we have invested in. So we are not the kind of acquisitions you are talking about that have not generated their own profits.
In addition, although the company under the name of North American Jiaku has been established for a short time, its business has been running in North America for a long time. In the case of North American Fantasy Comics Society, it has taken over all the business of the parent company in North America.
Including comic sales and peripheral sales.
Nash, so that’s it, but even so, according to our newspaper’s investigation, your company’s chairman, Mr. Chu Huan, spent a lot of cash on acquisitions in North America during this period.
These acquisitions and investments will definitely bring about a huge cash crisis for Mr. Chu Huan. Your company acquired Alde Commercial Bank at this time, and it is difficult not to make people suspect that he wanted to use this to fill up his time during this period.
North American acquisition and investment hole.
David Maxwell Regarding this point, I would like to reassure all depositors of Alde Commercial Bank that Mr. Chu Huan has made it clear that within one year of acquiring Alde Commercial Bank, he personally and all the companies under his personal name will
Wouldn't borrow even one cent from Alder Commercial Bank.
Not only that, after acquiring Alde Commercial Bank, all companies under the name of North American Aku will enter into an in-depth partnership with Alde Commercial Bank, and all cash flow will flow through Alde Commercial Bank.
In addition, Mr. Chu Huan has also reached a consensus with Apex Pictures in Hollywood, Caesars Palace in Las Vegas, and Ford Motor Company in Michigan. These three companies will sign strategic cooperation agreements with Alder Commercial Bank and officially become
Strategic partners, hand over part of their company's business to our Alde Commercial Bank."
When he saw this, Warren Phillip couldn't stand it anymore, and naturally he understood why Jack O'Brien was so out of control just now.
Once this report is published, it will perfectly offset their Wall Street Journal report.
Coupled with the New York Times' exclusive interview with David Maxwell and the support of those companies
Thinking of this, Warren Philip felt that the phone on his desk was about to ring.
Jingle Bell!
Sure enough, just as he thought, the phone rang.
No need to pick it up, Warren Phillip already knows that this is a call from the head office.