Buying a bank in the midst of a financial crisis is really a big business, and if you don't care about credibility, you can really make a lot of money. For example, Trump's new Treasury Secretary, Steven Mnuchin, bought $13.9 billion in assets for $1.55 billion at the end of 2008, and signed a risk-sharing agreement with the FDIC, under which the FDIC would bear 95% of the total losses in Indymac's loan portfolio if it exceeded 30 percent.

"Do you know how much profit there is in this?" Zhou Shi still remembers the strange look on the face of the bank expert who explained the acquisition to him.

"Isn't it just that you can lose a little less money, so that the risk is controllable, and if the economic situation improves, it is indeed a good business. "Zhou Shi

"Hehe~~" The expert had a very stupid and naïve expression, "You said that if someone encourages foreclosure to trigger a loss-sharing agreement, and $23.5 billion in Indymac Bank's main assets are commercial loans, mortgage loans, and subprime loans. How far do you think they're going to go?"

"They shouldn't be so crazy, right?" Zhou Shi said hesitantly, isn't this obviously digging into the corners of the country? If it is in Huaxia, even if you make money, you will settle the score.

"Hehe, what ethics do Wall Street financiers have!" Expert, Steven Mnuchin enlisted Soros and Microsoft Ballmer into his consortium, and probably also had a sense of risk-sharing, and later actively foreclosed mortgage holders, trying to evict people from their homes in order to extract compensation from the FDIC. This behavior has something to do with his Goldman Sachs background, which is known for giving up all morality in order to make money. Goldman Sachs has a big reason for the debt crisis in Europe, and the CEO of a well-known ride-hailing software in China also has a Goldman Sachs background, so in their eyes, monetary profit is the only thing, and after the monopoly is to increase the cost of public travel, as for the public interest, what is it? Technology in their hands is not to make the public's life better, but through various technical means, big data analysis, so that everyone, especially regular customers, can take out more cash.

The difference between China and the United States is that it is difficult for people with moral problems to climb to high positions, but the United States is different. After Tramp came to power, scum like Steven Mnuchin could actually sit in the position of finance minister. Before that, the FDIC said that they expected a total loss of $10.7 billion on Indymac Bank. In 2014, they sold the bank, which was later renamed Oneest, for $3.4 billion, and over the years, a consortium formed by Steven Mnuchin benefited from a total of $5 billion from the investment. Finally, their president, Trump, praised Steven Mnuchin for his "very professional" work at Oneest Bank and for making billions of dollars for investors.

It is strange that the head of a country takes pride in digging the foot of the wall from the country.

It's a pity that East West Bank can't do such a thing, everyone's background is different, different people do the same thing, and the final result will not be the same. This is the bloody lesson that life has taught us. Those students who ask why he can do this, why can't I do it, still need to learn more, everyone's abilities and backgrounds are different, don't blindly compare, life is life after all.

East West Bank mainly serves Chinese and Americans who invest and do business in China, but relying on the Chinese and Chinese markets, Australia and Canada are two indispensable markets, and in this regard, East West Bank still has a lot of room for improvement. However, if it continues to acquire in the United States, the bank's assets will be easily increased, but the people it serves will change greatly, and the company's development strategy may be greatly impacted. Zhou Shi and Lu He flew to Singapore, and after meeting Gregory and Wu Jianming, they discussed the matter.

"For a bank to grow, it needs to break these previous limitations, and Galaxy Capital operates all over the world, and if East West Bank is only a regional bank, it can play a limited role. Since we take the rising China, the world's Chinese rich and middle class as our target group, then whether it is Australia and Canada, or even Europe and South America, we need to develop, but the Eastern Hemisphere is the focus of our development. "Gregory

"The main purpose of mainland Chinese going abroad is to do business, travel and study, and the markets of Japan and South Korea are also very important. "Lu He

"It's a challenge, but I'm confident that it's not a big deal. Wu Jianming knew that it was his turn to express his determination.

"It would be nice if you could buy a bank in the mainland, Simon, can you buy a bank in Huaxia and merge with East West Bank when the right time comes. "Gregory

"I have no experience in this area, and I am not familiar with the relevant policies of the Huaxia banking industry, if you have a suitable target, you can contact me first" Zhou Shi

"It seems that the Midland Bank we acquired has a relationship with Minsheng Bank," Wu Jianming

"Did the FDIC agree to our acquisition of Midland Bank?" Zhou Shi

"They just made routine inquiries, and after reading the information we gave, they didn't make any difficulties for us. "Gregory

"You're still amazing!" Zhou Shi gave a thumbs up to Gregory

"It's nothing, it's mainly because East West Bank is running a solid business and Chairman Wu is very capable. As for Minsheng Bank, it seems to be a shareholder of Midland Bank, with 9.9% of the shares. "Gregory

"Minsheng Bank, are you sure?" Zhou Shi was thunderous about Minsheng Bank, which is the only large private bank in China. Moreover, the shareholder composition is quite complex, and the shareholder disputes and equity disputes can almost be said to be a history of the development of domestic private enterprises.

"If you can, Minsheng Bank is the best choice," Wu Jianming

"In fact, Shenzhen Development is also very good, their major shareholder is Xinqiao Capital, and it will be much easier to acquire it. "Lu He

"Xinqiao Capital seems to have reached a cooperation with Ping An Insurance, and Ping An promised 11.4 billion yuan in cash or 299 million H shares of China Ping An to buy the shares of Shenzhen Development held by Xinqiao Capital. Grigory said unhurriedly

"Ping An has already started first!" Zhou Shi looked at Lu He, the yard, there was actually an investigation, just waiting for Zhou Shi to make a decision now?

'They haven't signed a contract yet, so we don't necessarily don't have a chance. However, it is not a good thing to have a bad relationship with large state-owned enterprises, so the Shanghai Pudong Development Bank, which is as famous as him, is also a good choice. "Lu He

"Oh!"

"Citibank owns about 5% of the shares of SPD and can increase its stake to 19.9%, and now Citigroup is facing a huge dilemma, and SPD is ready to raise ...... of targeted financing" Lu He

"People's livelihood, Pudong Development, deep development...... Let's wait, it's easy to take too fast steps, and the price of Huaxia's bank assets is not cheap now!" Zhou Shi ended the topic.

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