Text Chapter 997 Citibank
I have to say that Lehman Brothers is indeed a bit of a bully, relying on his own "gold father" and "gold master grandfather" to do whatever he wants, and directly dealt with the Solomon brothers with power. Top X point 23 small U said S
When the news of Lehman Brothers' successful acquisition of Salomon Brothers came out, Sandywell was so angry that he smashed two coffee cups in his office to dissipate the anger in his heart.
It's really angry, I can't help but be angry with Sandywell, originally, the Traveler Group was the first to take the lead, but in the end it was intercepted by Lehman Brothers. The most important thing is that this bearded person is still his apprentice of Sandywell, and the "traitor" he has always called is completely a slap in the face of Hongguoguo.
However, there is no way, who makes their strength insufficient, the gap between the strength of the Traveler Group and the Standard Bank Group is really too big, and it is a natural difference. If this time it was only Lehman Brothers who were facing each other, Sandwell promised to beat the other party and successfully eat the Solomon brothers.
However, in the face of the super-giant of the Standard Bank Group, the Traveler Group really has no chance to resist, and the world's No. 1 Banking Group is not just talking.
The development of Traveler Group over the years has been quite good, and it has gradually caught up with the trend of Yuntong Group. However, what's the use of catching up with the Express Company? You must know that in the "battle sequence" of the Standard Bank Group, even the Yuntong Group is just a "small character."
Therefore, the powerlessness in the face of Standard Bank Group this time really made Sandy Weir feel a huge "sense of shame" in his face. The most important thing is that his master was still left behind by that "traitor" apprentice, which really made Sandywell unbearable.
If you are poor, you will think about change!
Faced with such an "embarrassing" situation, Sandywell was eager to change, so he remembered the big case that had been planned in his heart for a long time.
Citibank, one of the largest commercial banks in the United States, this is what Sandywell has set his sights on, and the big case in his mind is to travel
The Group and Citibank Group merged, creating a super-financial group.
Although the new financial group may not be able to compete with the Standard Bank Group in terms of strength, at least the two sides have the opportunity to "fight head-on". Otherwise, with the current individual Travelers Group or Citibank Group, they will not even have the opportunity and qualifications to confront the Standard Bank Group head-on.
Just do it, Sandywell has never been a procrastinator, not to mention, the coveting of Citibank is not a day or two, he has long had this idea in his heart. After all, the success of Standard Bank Group has taught the global banking and financial community the enormous benefits of mergers and alliances, so if it is not for the sake of getting angry with Jamie Dimon, the "traitor", Travelers Group will inevitably follow the path of "snake" if it wants to continue to grow.
However, Citibank Group is not a cat or a dog, it is not that he Sandy Welle can merge if he wants to, and he can do whatever he wants. You know, the strength and brand of Citibank Group are much larger than their Traveler Group, and it's just wishful thinking on your part.
However, no matter what, things have to be done, and only when they are done can there be a possibility of success, otherwise, there is no possibility of success.
Soon, Sandywell convened a high-level meeting with the Travelers Group to discuss the feasibility and pros and cons of merging with Citibank Group. Obviously, the expansion of the company seems to have been long-awaited within the Travelers Group, and the failure of the Salomon Brothers acquisition has made everyone breathe a sigh of relief.
Therefore, for Sandywell's proposal, it is very necessary to reach a unified merger with Citibank Group within the travel group, and the absolute advantages outweigh the disadvantages.
Now that the Travelers Group has reached a reunification, Sandywell did not delay much and directly proposed a merger and reorganization to Citibank Group.
I rubbed it, after Citibank Group received the merger and reorganization invitation from Traveler Group, it was really a little confused. After all, Travel Group and Citibank Group are both bigwigs in the financial and banking industry, and the merger and reorganization of the two sides is definitely a superfluous
The shocking deal is definitely no worse than the acquisition of Wells Fargo by Standard Bank Group.
However, Citibank Group is a little hesitant, and what they hesitate is not whether to merge and reorganize, but the object of merger and reorganization.
Yes, just before Travelers Group issued a merger and restructuring offer, Standard Bank Group also formally issued a takeover offer to Citibank Group. Moreover, judging from the other party's offer, Standard Bank Group is really sincere.
Originally, Citibank Group was ready to talk to Standard Bank Group first, but it was at this juncture that the merger and reorganization invitation of Traveler Group was actually sent to the front.
Over the years, super mergers and acquisitions in the banking and financial industry have become more and more common, in addition to Standard Bank Group's takeover of Wells Fargo, JP Morgan is said to be merging with Chase Manhattan. Therefore, Citibank Group is still under great pressure, especially in the past few years, Citigroup has also fallen into operational difficulties, if it is not for the "oil daddy" to lend a hand, Citi's future is really difficult to say.
Therefore, over the years, although Citibank has weathered the storm and is back on the road, Citi's desire to become big has become stronger and stronger. This is also the reason why Citibank is not angry and does not refuse in the face of the acquisition offer of Standard Bank Group, very simply, they themselves have this will.
However, what Citibank Group did not expect was that Travelers Group would actually invite them to merge and reorganize, which is too tempting and even more tempting than the acquisition offer of Standard Bank Group.
What's more, Citibank Group has always wanted to invite Sandywell, a "financial tycoon", to take the helm of Citigroup, so the merger and reorganization of Travelers Group seems to definitely have a lot of benefits. However, the strength of the Standard Bank Group is also leveraged, and if you look at the Industrial Bank of Japan, the Royal Bank of Scotland, Wells Fargo and other banks that have been acquired by the Standard Bank Group, it seems that the development is very good.
For a moment, it seems a little difficult to decide!
However, after weighing the pros and cons, Citibank Group finally made a decision......