Chapter 675: The Italian-Egyptian War Breaks Out

the next day.

60 Wall Street, Wells Fargo headquarters.

"Morgan Stanley has just been established and lacks a stable and continuous business. I don't see the benefits of cross-shareholding." Dick Mellon looked at other shareholders to express his opinions.

Morgan Commercial Bank's huge network and capital reserves are still tempting to them, but Morgan Stanley only has an empty shell.

It is said that it is a business division, and all the relationship networks are left in the commercial bank. It is up to Stanley's own partners to make a breakthrough.

Let Fuguo and Stanley cooperate, in their view, it is like actively erecting an opponent for themselves. What is the benefit of doing so?

"Strantis, what do you think?" Li Zitao sat lazily on the main seat, lazily turning the pen in his hand.

"I don't agree with this proposal, Morgan is dangerous, he is the top carnivore, no one can compete with him in the financial field, at least for now,

I'm worried that Morgan will eventually infiltrate our main body and upset the current balance. "

Li's holdings are now not just owned by a certain person or an interest group, but are the financial entities of Rockefeller, the Chicago Consortium, and Li's.

Mellon is relatively better, they also have their own Mellon Bank, but the First Bank of the Chicago consortium and Rockefeller's Manhattan Chase have been integrated into Lee's.

If the money bags were infiltrated, Morgan would have their lifeblood in their hands.

To put it bluntly, whatever they want to do in the future, they have to act according to Morgan's face.

In the financial field, no one is optimistic that the current rich countries can compete with Morgan.

Morgan has dominated Wall Street for many years, but Rich Fargo is far behind in terms of experience and background.

"Charlie, I'm not optimistic about this proposal either." David Rockefeller pondered: "As Dick and Strandis said, Morgan is an authority in the financial field."

'Just a name can make a famous family feel intimidated, is this Morgan? ’ Li Zitao did not expect such a situation.

Seeing Juliana's heavy complexion, she should also disagree.

That's right, after all, she worked for Morgan, so she has a better understanding of this financial trust than ordinary people.

Turning to look at Jonathan, his face was also very serious, but he didn't say anything.

"Let's put this proposal aside first, and talk about the issue of investing in Stanley... I think you have read the partnership agreement, what should we do?"

Li Zitao was not in a hurry to continue to push forward. Just like what others said, Morgan's reputation in the financial field has been gradually established.

Every employee who comes out of Morgan is the elite that other financial institutions want to get, and its huge talent pool and experience are unrivaled.

They had concerns, and Li Zitao also had them. If Fuguo and Datong were infiltrated by the other party, the development of the Blue and White Chamber of Commerce would also be hindered.

But let him miss this opportunity, Li Zitao felt a little bit unwilling in his heart, not always have the opportunity to intervene in Morgan's system.

Morgan Stanley's future size lies there. Compared with JPMorgan Commercial Bank, which everyone is optimistic about now, what Li Zitao wants is Stanley, Morgan Stanley.

"We can win over its partners and let them become our equity representatives." Juliana proposed a plan.

"It's good to note that besides Harry and Stanley, Stanley also has seven main partners, all of whom are optional targets." David nodded in agreement.

"I think it's good to reach a private agreement with him." Strantis also agreed.

As long as we reach a private agreement with him, let him become Li's equity representative in Stanley, and play a role at critical moments.

It is the safest way to wait until one day Morgan changes its structure and converts to a joint-stock system before launching a formal acquisition.

"That's it for now. The investment department is in charge of this matter." Li Zitao closed the document in front of him, and today's shareholder meeting is over.

"Charlie, you care about Stanley, it doesn't look very good." Walking out side by side,

Jonathan asked curiously.

"I think Stanley will give everyone a surprise in the near future." Li Zitao's pointed words made the shareholders feel very worried when they left.

In fact, Morgan Commercial Bank and Morgan Stanley can't talk about who is stronger and who is weaker. Both of them are of the order of giants.

The rise of Stanley was driven by the vigorous development of the securities market in the 1960s, while Morgan has maintained its steady development.

Some people say that Morgan Stanley has already surpassed its predecessor, JP. Morgan, but who knows whether Morgan has exposed all or the tip of the iceberg?

...

...

The surprise of Damo is no longer visible, but the surprise of East Africa came suddenly.

On October 5, Italy declared war on Ethiopia.

The Second Italian-Egyptian War officially broke out.

The commander-in-chief of Italy in East Africa, General De Boro, as the commander-in-chief, attacked Ethiopia in three routes: the north, the center and the south, with the north as the main force.

As soon as the war broke out, Ethiopia panicked, but soon calmed down, and the emperor's guard and the armies of the lords from all over the country went to the border.

The defeat of the first Italian-Egyptian war made Italy lose the face of the great powers, and Italy has been preparing for the layout since then.

The hardliners in the military, in particular, have been clamoring for revenge on the indigenous Ethiopians. There is also a reason why the dictator Mussolini chose it as a target.

If you look at the Italian colonies in East Africa, you will know that Eritrea above northern Ethiopia and the Somali Strait in the southeast all belong to Italy.

The entire strait is blocked by the Italian side, and the west and south are all British colonies. It will not be said whether it can pass before the war breaks out.

But after the outbreak of war, these places have been closed to Ethiopia.

Italy has also deployed a modern army of over 300,000 in East Africa, which is equipped with mechanized legions such as motorcycles, cars, and tanks.

They also have advanced modern weapons, air force support and many more.

Let's take a look at Ethiopia again. Except for an elite army of 90,000 people, all the others are indigenous or slaves.

Holding spears in their hands, they followed the chiefs on horseback to the battlefield on foot. The number of such teams was as high as 260,000.

And the 90,000 elite guards also have old-fashioned weapons from the end of the 19th century.

From the beginning of this war, no one was optimistic about Ethiopia, and everyone knew that its failure was only a matter of time.

In just three days, the main force of the Italian army attacking from Eritrea occupied Adwa, broke through the border defense line of the northern Egyptian army, and directly attacked Makare, the capital of Tigray Province.

The situation seemed to be clear, and the Italian army tried their best to end the war quickly and avoid pressure from public opinion.

But the subsequent development of the war was beyond everyone's expectations, or it surprised everyone. The Egyptian army actually withstood the attack of the main force of the Italian army and blocked them from Makare.