Chapter 603 Operational Positioning

Mobil Standard Oil Company, after passing the Oman exploration plan, began to act in a broad way.

Various needed machinery and personnel were also transported to the other side of the ocean by four freighters.

The operation and management of the Li Family Foundation has also been officially transferred to Ruilian. Li Zitao has no plans to expand its capital in the next few years.

Through the relationship of the foundation, the American Trust Savings Bank, which was wholly-owned by Li Zitao, also entered into business contacts with Ruilian.

Although the management and operation of the foundation are transferred to them, the American Trust Savings Bank will still act as a supervisor and have the right to supervise and audit the accounts.

In this regard, Li Zitao is trying to prevent funds from being annexed. The foundation is handed over to a third party to operate, and assets have been embezzled internally.

There is greed in the bones of capitalists. If you really let them go and give them a chance, they will definitely be swallowed up to the bone in the end.

Not to mention anything else, during World War II alone, Ruilian swallowed about $5 billion in Jewish funds.

When the descendants of the Jews who were brutally murdered in the concentration camps went to Ruilian to ask for them, the answer they got was that the death certificates were not issued in the concentration camps, and they had to be issued by themselves. '

The corpse is nowhere to be found, can I get out of the ground myself?

And places like concentration camps will issue death certificates, which is ridiculous!

But for this reason, Ruilian embezzled tens of thousands of assets for a century, and there was no result until Li Zitao crossed over.

From this point alone, it can be seen that it is impossible for capitalists to talk about their conscience, and it is better to be careful not to give him loopholes, which will naturally save a lot of trouble.

In addition, Li Zitao is also trying to break into the Jewish circle, not simply socializing, but to gain real recognition.

Ruilian's embezzlement of Jewish assets was a good opportunity for him.

During the recent period, Li Zitao has been trying to win over Jewish depositors, hoping to get more people to deposit their money in the American Trust and Savings Bank.

In order to cater to the mentality of the rich, the trust bank also set up a branch in Luxembourg to ensure the concealment of customer information.

...

...

New York, Wells Fargo headquarters.

In the conference room, Jonathan, Juliana, Saniel, and Li Zitao were having a conversation before the business split.

"Saniel, the trust bank should focus on industrialists as its customers, and if any investment needs can be fulfilled through Wells Fargo, it must be stated."

In compliance with the Banking Act of 1933, the nature of Wells Fargo's operations will be changed to an investment bank, and Wells Fargo-Chase will become a commercial bank.

The delisted American Trust & Savings Bank is also a commercial bank, but it is not open to the public.

To put it bluntly, it is more like a private VIP bank.

It does not connect with external information, does not accept deposits from the public, and only serves a small number of people. All transactions and customer information are completely kept confidential.

Because it has been delisted, it does not need to accept the supervision of the market. With the existence of the Luxembourg branch, there is no need to worry too much about the supervision of the Federal Reserve.

"Charlie, are we really going to be an investment bank?" After discussing the issue of the trust bank, Jonathan talked with him about the choice of the nature of the operation.

"Do you think commercial banks are safer?" Li Zitao asked back.

"Of course, no one can guarantee whether the future banking law will relax the management conditions. Moreover, the financial market is subject to supervision, and how much impact it will have on it. We need to take these into consideration."

Seeing Li Zitao's thoughtful expression, Jonathan went on to say: "I have received news that JP Morgan has decided to completely separate the investment business and keep the business model as the main body."

JP. Morgan's choice, for most financial institutions in this period, is like a big weather vane.

Even he chose to continue to be a commercial bank, and other people became more cautious when choosing, except for those whose company focuses or business is completely inclined to the investment field, and cannot be transformed,

The choice of other institutions is biased towards commercial banks.

"Have you considered the consumption concepts of American citizens?" Li Zitao, who was lost in thought, raised his head and asked a new question.

"In the 1920s, think about how crazy people's consumption was at that time. In order to attract savings, major banks raised interest rates to 22%. What is the effect?"

Hearing Li Zitao's words, Jonathan said seriously: "I know what you said, but when the Great Depression came, people will remember the lesson of this time,

This is Wells Fargo's recent business table, looking at the increase in savings users. "

Jonathan took out a form and handed it to him. The rising number of depositors was the best explanation for his concerns.

"Jonathan, human beings are optimistic and forgetful creatures. We are very adaptable. Maybe you only see it, but not these."

Li Zitao hooked his hands to Ava behind him, and several reports were placed in front of them.

"This is the growth point of the interests of Hualian and Golden Arch collected by the think tank in the past six months. Except for expansion, the growth rate at other times was less than 2%."

Li Zitao picked up the report with a smile, pointed to the rocket-like green line in the middle and said; "But since the third quarter of last year, the first quarter has increased by 13%.

In the fourth quarter, the growth rate was 33%, and in the first quarter of this year, the growth ratio was as high as 62%. "

"Damn... are they all crazy?" Jonathan said with a wry smile.

"Perhaps you should take the time to take a closer look at Waldorf Astoria's operations, and you will find that the market is recovering, and it will only get better in the future."

Li Zitao admitted that commercial banks are more secure, with relatively high liquidity and security, strong anti-risk capabilities, and less policy interference.

But he has to consider the interests of the entire group. There is no doubt that Wells Fargo is more inclined to the investment banking field.

Traveler's checks and the Wells Fargo Centurion Card, along with the ongoing billing system, are the main sources of income for Wells Fargo.

Manhattan Chase Bank has always focused on the field of commercial banking, and has a good reputation and recognition in the hearts of citizens.

When the nature of the business needs to be clarified, of course, they should choose the field they are good at and move on.

"The service department and the financial investment department will officially enter the independent operation mode starting today. The service department will still be in charge of Jonathan, and the financial investment department will be appointed by Juliana as the CEO after the unanimous decision of the board of directors."

Although Juliana was the head of the investment department before, she was only the manager of the investment department, and Jonathan was the CEO of Wells Fargo.

But in terms of position, Juliana is one level lower than Jonathan. After the new appointment, the two positions will be equal in the future.

The service department and the financial investment department will completely become two independent operating departments, responsible for their own profits and losses, and both are directly responsible to the board of directors.