Mobil Standard Oil, after passing the Omani mining plan, began to move in a big way.

All kinds of 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 was also officially transferred to UBP, and Li Zitao has no plans to expand its capital in the next few years.

Through the relationship of the foundation, the American Trust and Savings Bank, which was wholly acquired by Li Zitao, also made business contacts with UBP.

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

At this point, Li Zitao is to prevent the funds from being swallowed up, the foundation being operated by a third party, and the assets being embezzled internally.

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

Among other things, during World War II alone, UBP swallowed about $5 billion in Jewish funds.

When the descendants of the Jews who were brutally murdered in the concentration camps came to UBP to ask for it, they were told that 'the camp did not give a death certificate, and it was up to them to do it themselves.' ’

I can't find the corpse, can I get out of the ground?

And it's ridiculous that a place like a concentration camp would give people a death certificate!

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

From this alone, it can be seen that it is a fantasy to want capitalists to talk about their conscience, or they should be careful and not give them loopholes, which will naturally save a lot of trouble.

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

The embezzlement of Jewish assets by UBP was a good opportunity for him.

In recent times, Mr. Li has been courting Jewish depositors to get more people to put their money in the American Trust and Savings Bank.

In order to cater to the mentality of the wealthy, the trust bank has 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, Sanille and Li Zitao were engaged in a conversation before the business split.

"Sanille, Trust Bank wants to focus its customers on industrialists, and any investment needs can be met through Wells Fargo, to make that clear. ”

Under the Banking Act of 1933, Wells Fargo will be transformed into an investment bank, and 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.

To put it mildly, it's more like a private VIP bank.

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

Because it has been delisted, it does not need to be regulated by the market, and 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 trust banking, Jonathan talked to him about the nature of the business.

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

"Of course, there is no guarantee that future banking laws will be relaxed, and we need to take into account how much regulation of financial markets will affect them. ”

Seeing Li Zitao's thoughtful expression, Jonathan continued: "I 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 was like a bellwether for most financial institutions during this period.

Even he chose to continue to be a commercial bank, and others became much more cautious when choosing, except for those whose companies focus on or whose 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 concept of American citizens?" Li Zitao, who was lost in thought, raised his head and asked a new question.

"In the 20s, think about how crazy people's consumption was at that time, in order to win over the major banks to raise the interest rate to 22 percent, what was the effect?"

Hearing Li Zitao's words, Jonathan said seriously: "I know what you said, but the Great Depression is coming, and people will remember the lessons of this time.

Here's Wells Fargo's recent business table, looking at the increment of savings users. ”

Jonathan took out a table from his front and handed it to him, and the rising increase in depositors was the best explanation for his concerns.

"Jonathan, people are optimistic, forgetful creatures, and we're very resilient, maybe you only see it, but you don't see that. ”

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

"This is the interest growth point of Hualian and Golden Arches collected by the think tank in the past six months, and the previous increase was less than 2% except for the expansion. ”

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 percent.

The increase in the fourth quarter was 33 percent, and in the first quarter of this year, which was just completed, the increase ratio was as high as 62 percent. ”

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

"Maybe you should take the time to take a closer look at Waldorf Astoria and see that the market is back active and will only get better in the future. ”

Li Zitao admits that commercial banks are more prudent, have relatively high liquidity and security, have a strong ability to resist risks, and will be less subject to policy interference.

But he has to think in the interests of the whole group, and there is no doubt that Wells Fargo is more inclined to the investment banking space.

Traveler's checks and Phu Quoc centurion cards, as well as the ongoing bill signing system, are the main sources of income for Phu Quoc.

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 it is necessary to clarify the nature of the business, it is necessary to choose the field in which each is good at moving forward.

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

Juliana was previously the head of the investment department, but 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, and after the new appointment, the two will be equal in the future.

The Services Department and the Financial Investment Department will be completely independent operating departments, with their own profits and losses, both of which will be directly accountable to the Board of Directors.