Chapter 586

Mobil standard oil company, after passing Oman's production plan, began to take action.

All kinds of machinery and personnel needed are also transported to the other side of the ocean by four freighters.

The operation and management of Li's family foundation has also been officially transferred to Ruilian. In the next few years, Li Zitao has no plans to expand its capital.

Through the foundation's relationship, the trust and Savings Bank of America, which is wholly owned by Li Zitao, also has business contact with Ruilian.

Although the management and operation of the foundation are transferred to them, the American trust and savings bank will still act as the supervisor and have the right to supervise and audit accounts.

In this regard, Li Zitao is to prevent the funds from being swallowed up. The foundation is handed over to a third party for operation, and the assets are embezzled internally. This kind of thing has happened.

Capitalists have greed in their bones. If they really let go and give them a chance, they will definitely be swallowed up, and there will be no bones left.

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

When the descendants of the Jews who were brutally killed in the concentration camp asked for it, they got the answer: "the concentration camp did not give a death certificate, so I have to do it myself."

The corpse capital can't be found. Can I get out of the ground?

What's more, a place like a concentration camp will issue death certificates to people. It's ridiculous!

But it was for this reason that Ruilian embezzled the assets of tens of thousands of people for a century, and there was no result before Li Zitao crossed.

Just from this point we can see that it is impossible for capitalists to talk about their conscience. We should be more careful. If we don't give them loopholes, we will naturally have a lot of trouble.

In addition, Li Zitao is also trying to find a way to break into the Jewish circle, not simply socializing, but really gaining recognition.

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

Recently, Li has been fighting for Jewish depositors, trying 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.

……

……

Wells Fargo headquarters, New York.

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

"Sanier, trust bank should focus its customers on industrialists, and any investment needs can be done through Wells Fargo. Make this clear."

According to the banking act of 1933, Wells Fargo will be changed into an investment bank, while Wells Fargo chase will become a commercial bank.

The delisted American trust and savings bank is also a commercial bank, but it is not open to the public.

It is more like a private VIP bank.

It does not connect with external information, does not accept public deposits, only serves a small number of people, and all transaction and customer information are completely confidential.

Because it has been delisted, it does not need to be regulated by the market. In addition, with the existence of the Luxembourg Branch, there is no need to worry about the supervision of the Federal Reserve.

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

"Do you think commercial banks are more secure?" Li Zitao asked.

"Of course, no one can guarantee whether the future banking law will relax the regulatory conditions. Moreover, we need to take into account the impact of the supervision on the financial market."

Seeing Li Zitao's expression of thinking, Jonathan went on to say, "I received the news that jp. Morgan decided to completely separate the investment business and keep the main business model."

For most financial institutions in this period, the choice of JP. Morgan was like a big wind vane.

Even he chose to continue to be a commercial bank. When choosing, others became more cautious. Except for the company focusing on or business completely inclined to the investment field and unable to transform, other institutions preferred commercial banks.

"Have you ever considered the consumer attitudes of American citizens?" Li Zi Tao 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, the major banks raised the interest rate to 22%, and what was the effect?"

Hearing Li Zitao's words, Jonathan seriously said, "I know what you said, but when the great depression comes, people will remember the lesson of this time.

this is Wells Fargo's latest business table to see the increase of savings users."

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

"Jonathan, man is an optimistic, forgetful creature, and we are very adaptable. Maybe you only see it and not see it."

Li Zitao hooked up with EVA behind him, and several reports were put in front of them."This is the growth point of the interests of Hualian and jingongmen collected by think tanks in the past six months. Previously, except for expansion, the growth rate of other times was less than 2%

Li Zitao picked up the report with a smile and pointed to the green line of rocket like growth in the middle. "But since the third quarter of last year, the growth rate in the first quarter was 13 percent,

it was 33 percent in the fourth quarter. In the first quarter just completed this year, the growth ratio was as high as 62 percent."

"Gee... Are they all crazy?" Jonathan said with a wry smile.

"Maybe you should take the time to take a closer look at Waldorf's operations and you'll see that the market is reviving and will only get better in the future."

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

But he has to consider the interests of the whole group, and Wells Fargo is more inclined to the investment banking sector, which is beyond doubt.

Traveler's checks and rich country Centurion cards, as well as the ongoing billing system, are the main sources of income for rich countries.

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

In the case of the need to clarify the nature of business, of course, to choose their own areas of expertise to continue to move forward.

"The service department and the financial investment department have officially entered the independent operation mode from today. The service department is still in the charge of Jonathan. After the unanimous decision of the board of directors, Juliana will be the CEO of the financial investment department."

Juliana used to be the head of the investment department, but she was only the manager of the investment department. Jonathan was the CEO of Wells Fargo.

But as far as the position is concerned, Juliana is one level lower than Jonathan. After the new appointment, their positions will be equal.

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

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