Chapter 463 Traditional Bank

White Bank completed the business integration, and the investment business was completely abandoned. Quite simply a traditional savings bank.

Wall Street was stunned by this sudden appearance of a large financial institution. Although they knew that William White had been acquiring banks, they did not know that it had become a behemoth.

While the consortium was taken aback, it also breathed a sigh of relief. They don't care about those traditional banks, this is not their favorite field.

Of course, it's not that William White is unwilling to engage in investment banking, it's just that the water here is too deep. Moreover, you can only choose between traditional banks and investment banks. If you want to do everything, being split is the only ending.

Today's major investment banks in the United States were originally comprehensive banks, but it was because of anti-monopoly that they turned into highly professional investment banks.

Naturally, there are many benefits. Without the interest rate difference income guaranteed by drought and flood, they began to pay attention to various financial innovations. They did succeed in the end, and America became a financial freak.

The subprime mortgage crisis itself did not cause much harm, and the U.S. emperor can definitely bear it. With the addition of various products derived from it, it is really terrible. Don't talk about American emperors, the whole world is enough to carry it together.

All kinds of financial derivatives did not start to exist until a few years ago. The elites on Wall Street are best at this kind of game.

Mathematics is relatively rubbish, which is a common phenomenon in the United States, which does not include those Jews. They are really proficient in various researches on mathematical models.

Don't think that Laomei is so generous and willing to let Jews occupy a place. In fact, they have no choice. Cowboys are good at robbery, but not very good at management.

Even William White didn't quite understand those complicated financial derivatives. Although he is already very powerful, he is still worried about being cheated. On the surface, the safer investment is, in fact, there are pitfalls everywhere. Regardless of how much money he has now, these pitfalls cannot be filled by the richest man in the world.

Absorb deposits, and then lend to people or companies in need, and buy all kinds of government bonds if there are excess positions. Faced with such a conservative business strategy, Filson is really powerless to complain.

"Boss, this is really too conservative. In the face of the current economic situation, there is no need for us to do this?" Felson still intends to persuade you to at least set up two hedge funds or something.

"Felson, in my opinion, a bank is a bank. I have my own investment fund, and there will be an investment company in the future. The only thing I won't participate in is the investment bank." William White said in his heart, my buddy is so hated now Well, if you really set up an investment bank, those old guys at the Federal Reserve Bank, if you can't incorporate yourself, you will definitely ruin yourself.

Only by returning to traditional business will they be helpless. No matter what pitfalls you have, buddies just don't participate.

"Okay, that's fine." Filson had no choice but to accept it.

"Felson, if we set up any investment bank, it will not only destroy the current balance, but also make those consortiums fearful. Most importantly, the Federal Reserve Bank is not very friendly to me." For this chief staff and think tank, William White I still trust him very much, and it doesn't matter if I tell him my fears.

"These old guys, could it be that they..."

"Hehe, Filson, believe me, as long as the interests are sufficient, those greedy bugs will be desperate, even facing death."

This is not William White's alarmist talk, if White Bank becomes an investment bank. He obviously became another consortium. Once there is a problem with the bank, its assets will inevitably suffer a blow.

How good it is now, the most traditional and conservative banks are just like the banks of the last century.

"Traditional banks? Are you sure?"

"Yes, boss, it's not only a traditional bank, but the traditional one is outrageous."

Seeing the weird expressions on his subordinates, the old guy couldn't help but laugh. Of course, William White will not engage in any investment bank, but what the hell is this very traditional?

"Does it need to be internationalized for such a bank?"

"I don't know. Judging by the posture, he doesn't plan to go public either. This will be a completely private bank. We and Citi's analysts have no way to judge its behavior."

Morgan Stanley and Citigroup, who have been playing banks for a lifetime, have no way to figure out the purpose of William White, and the people who eat melons are even more at a loss. One thing is indeed very clear, the risk level is extremely low if the money is stored here, and of course, the return will also be extremely low.

In the United States, not all deposits are protected. If the bank fails, depositors can only consider themselves unlucky, and heavy losses are a must. Looking at it now, this one looks like a good one, most of the deposits are protected.

White Bank's facelift did not cause waves in the market. The depositors were even a little happy. The wave of bank failures in the past two years has really hurt many people.

William White is very rich, which is not news at all in the United States. Haven't seen other people's PS2 need to queue up to buy? There is still a purchase limit, damn, what a speed of making money!

There is also that Tesla car, which seems to be very powerful. Although don't say anything about queuing up, you have to wait at least a month.

Some people have said that William White is engaged in hunger marketing. This is true for game consoles, weekly comics, and automobiles. The things he produces are always lower than the actual market demand.

For this kind of complaint, William White will not comment, it is really difficult for you, now you can come up with the concept of hunger marketing. If you feel unambiguous, you can also try it.

The problem of overcapacity has never left this continent. All farms try to raise as many cattle as possible, and all factories try to produce as much as possible.

Well now, there is a strange guy who sells everything and controls the inventory of everything, which is really hated.

We produce things that the market doesn't need. You clearly have market demand here, but you deliberately control production capacity. Boss, can you place an order, we can also produce that car, can OEM?

It’s no secret that Tesla’s A-class car information has long been a secret. The car companies in the United States and the foot basin have come to a conclusion that this car is very mediocre.

The most surprising thing is the foot basin, this Tesla is too strange. Neither as rough as American cars, nor as refined as European cars. It is very similar to their products, the biggest difference is that they seem to pay special attention to the safety performance of the vehicle.

People in the foot basin can be sure that the sales of this car will not be too bad. Especially when Tesla announced the selling price, they became more certain of their judgment.

Tesla's A-series is basically attached to the Corolla, and the price is only 5% higher than the Corolla.

The American Automobile Association was very angry. This brand with the American flag really made them very speechless.

Can we show some face? Does your so-called Tesla have a dime relationship with the United States?

I don't know if it's related, but consumers in the United States are very satisfied. They think that their country finally has a good car company, and they are fed up with that kind of gas tiger, and they don't want to continue to pay for expensive maintenance costs.