With the compromise of Goldman Sachs, Galaxy Capital also began to liquidate the shorted stocks, with a profit margin of about 20% and a profit of 100 million US dollars. Compared with the expenditure in the past few months, it is still slightly inferior. Fortunately, the difference is not much, and it can be regarded as a blessing in misfortune.

Lu He returned from England, and Galaxy Capital's influence in Europe has been established, although the cost of seeking people this time is high, the benefits obtained after this success are also very high. I don't think I need to go through such trouble next time.

"This time we are considered a miserable victory?" Lu He

"Maybe it's undefeated!" Gorman

"Fortunately, these setbacks are not a bad thing for the company's growth. Zhou Shi thought about the sharp increase in the number of people who left the companies under Galaxy Capital during this period, and felt both lucky and annoyed, and he asked himself that the company's treatment was also in the middle and upper class on Wall Street, but he didn't expect that there were still many people who could share prosperity and hardship.

The development of several funds under Galaxy Capital has not been greatly affected by various things, even if hundreds of millions of dollars were invested in shorting Goldman Sachs, no investors said that they would withdraw their funds. After this incident, I believe that more wealthy people will trust Galaxy Capital, and the growth of a company will definitely not be smooth.

Several people counted the company's recent losses and found that the biggest ones were Marvel and Friends. Among them, Marvel is Zhou Shi's personal, and Friends.com is Galaxy Capital, on the surface, they will be transferred at the company's current valuation, and there will even be a premium, no loss. But controlling a $10 billion company has far more social impact than investing in a company. Not to mention that you can also use the company's resources to serve yourself, such as Zuckerberg's security funds are provided by Faceboo. Family and friends can give more benefits through the company, even if they exchange benefits with others, they can also convert the company's funds into their own resources. There are countless means, and it can be said that the loss of a large company is not only a loss of money, but also a great loss of social status. Bezos, who owns YouTube, has received much more attention than Bezos in the same historical period, and Amazon's financing has also been much smoother.

In the past few days, they discussed the aftermath together, summed up the lessons and lessons, and planned the merger of Tianhe Securities, and Wu Jianming ran over.

Under the control of Wu Jianming, East West Bank has developed quite smoothly, mainly because it is busy integrating the various banks acquired during the financial crisis, and at least it is necessary to unify the internal systems of the banks. Coupled with the recent prosecution, it almost disrupted the rhythm of Huamei's development.

"The consortium that bought Indymac Bank asked us if we wanted to work with them, and the bank was about to have the same assets as East West Bank. I think it's a good opportunity, but ...... "Wu Jianming."

What he wants to say is very simple, when it comes to acquisitions, it is also a matter of capital and equity, which is not something he can decide.

"You can rest assured, this is Goldman Sachs' compensation to us. "Zhou Shi

"Goldman Sachs?" Wu Jianming

"You can talk to them about specific acquisitions, you can do it in a cash-plus-stock format, with cash being the majority. "Lu He

Galaxy Capital does not have a controlling stake in East West Bank, but is the largest shareholder on the board of directors, and in order to ensure its status as a major shareholder, such an acquisition must not be able to pay too many shares. Otherwise, East West Bank might change hands.

"So we're buying IndyMack Bank?" Wu Jianming said excitedly

"I'm afraid it's not that easy!" Zhou Shi

"Why?" Wu Jianming

"Didn't we look into the fact that they bought this company for $1.55 billion, and they signed a risk-sharing agreement with the FDIC, so how much is the hidden expense? If they don't take into account the social impact, they can obviously make more money. "Zhou Shi

"What does this have to do with us?" Wu Jianming

"There are things they can do, but we can't, and we're afraid

I'm afraid it's hard to give a price that matches their expectations. "Zhou Shi

This is actually the current chairman of the parent company of Indymac Bank is the future US Treasury Secretary Mnuchin, anyway, this guy is not a good person, according to the American elite's thinking, this is outstanding, sacrificing the interests of ordinary people to achieve themselves and shareholders as a matter of course.

"Let's go ask and see what kind of conditions they offer. "Lu He

Yes, it's actually useless for these people to speculate here, in case it's not what they think at all, it's embarrassing.

"By the way, no matter what, taking advantage of our back-office upgrade this time, it is just the right time to develop East West Bank's Internet banking business, so that everyone can use our banking services anytime, anywhere. "Zhou Shi

"Internet banking, we don't have the talent and experience in this area," Wu Jianming

"In the background of the system, technical services can be supported by IBM or Time Holdings, and the APP of East West Bank can be developed. The development speed of Internet banks should exceed that of traditional banks, which can also become a feature of Huamei, so that we can face the future development of a common sense. "Zhou Shi

The Internet banking business in the United States developed relatively early, and the more representative companies are Bofi Company, a pure Internet bank, and the other is ING Direct USA, which is a direct banking subsidiary established by the Dutch ING Group to expand the retail banking business in the United States. Among them, ING Direct is the No. 1 Internet bank in the U.S. market.

"The core of the bank is security, followed by ......convenience," Wu Jianming, he knows that the Internet bank mentioned by Zhou Shi is not an ordinary Internet bank, but more precisely, it may be a digital bank, which is a kind of counterless outlets, no physical counter outlets, completely based on mobile mobile terminals, providing all banking services remotely. In fact, it is also to allow East West Bank to become a global bank without the limitation of geographical area.

"You can control the specific progress yourself, not how fast, but there must be development, and you must remain at the forefront of the industry. Zhou Shi knew that it was difficult for a traditional banker like him to accept some ideas about high-tech changes in the financial industry. However, Zhou Shi also has Time Pay Wallet, a third-party payment tool that has been expanded to the world. Although Time Pay Wallet is in a very sad position, his market share in China is lower than Alipay, and abroad, his market share is much lower than that of third-party payment tools such as PayPal. In other words, he is not the boss anywhere, and he has not attracted everyone's attention at all, and he has been in obscene development.

"Okay!" Wu Jianming was a little uneasy, for fear that Zhou Shi would be too aggressive.

"Simon has always been a pioneer, but it's better for the banks to be conservative! The financial crisis is because the bankers are too greedy!" said Gorman

"Hmm!" Zhou Shi didn't care, but it might be time for Time Wallet to set up a fintech company on its own.

(End of chapter)