Chapter 573 The Establishment of the Pan American Bank

As early as after the robbery in London, Li Zhiyang had warned Bernard and asked him to return the money he had defrauded from others slowly and for various reasons.

This is because this financial turmoil will be unprecedented, and the consequences of this financial turmoil will be that many countries in Europe and the United States will be unable to recover within a few years.

So it's best to keep a low profile in the past few years, and he's almost seventy years old, so what's the point of tossing?

If he continues to deceive like this, then the final result will definitely not be a good end, but if he stops now, he will definitely be able to get a good name

It is said that Bernard is also a well-known predator who has been on Wall Street for many years, although a large part of his reputation and achievements on Wall Street are maintained by fraud.

But he was the chairman of the NASDAQ before, and in fact, this old boy was one of the founding people of the NASDAQ, and he was also a big man with a lot of money.

So it is impossible for him to be Li Zhiyang's echo worm willingly.

But if he believed it, this young man was too weird, and although he was reluctant in his heart, he had to admit that this kid's financial sense was too sharp

What's more, this kid has just saved his ass, as a successful and swindling man on Wall Street for many years.

Bernard. Madoff is not a completely free foodie, and he has his own judgment on the current economic situation in the United States

Coupled with Li Zhiyang's persuasion, in the end, he reluctantly returned all the money of those customers under various pretexts

Of course, the main reason why he did this was because of a secret conversation between him and Li Zhiyang before Li Zhiyang's engagement ceremony.

At that time, Li Zhiyang had mentioned to him that he planned to set up a bank to have fun, so of course this old thing was moved

At that time, the situation was already obvious, and the predators on Wall Street were all going on the final madness, which can be seen from the dividend amounts of the major investment banks on Wall Street at the end of O7.

Because in the second half of the O7 year, many aspects of Wall Street have already given very dangerous signals, but those guys have chosen to turn a blind eye, and there must be something wrong with this.

As a well-connected person on Wall Street, how could Madoff not know, and after the real estate subprime debt crises were exposed one after another, Madoff was deeply anxious about the future of Wall Street.

As a liar, he knows that his good days are numbered, but fortunately he has raised all the money and can replace the money of those investors, otherwise he will be waiting for him to sit through the prison

In the future, Wall Street will usher in an ice age of low profits, and making a commercial bank at this time is the safest choice

So at that time, this Bernard moved the idea of joining Li Zhiyang's firm, and at that time, Li Zhiyang mentioned to this Bernard that he wanted to set up a bank, and he actually had his own ideas.

At first, Bernard gave him advice, he asked why he didn't set up his own bank to have fun, and after some careful consideration, Li Zhiyang felt that the idea was really good.

That night, he and Bernard also talked late.

What I have to admire about this Bernard is that although this guy is a liar, as a successful liar who has been on Wall Street for many years, this old boy's financial theory skills are still quite solid.

Whether it's securities, banks, or the formation of companies, these issues, this old boy talks about them, and he is the first to talk about them

And the analysis, the explanation is quite thorough and very insightful

So at that time, Li Zhiyang did move, and let this old guy join, but this old guy is also a very dangerous person, so even if he is invited to join this time, he must be chained, and he must not be taken lightly by this liar

Today he invited this Madoff here to talk to him about the new bank he wanted to form.

In terms of real estate, this bank is exclusively funded by Li Zhiyang, that is to say, the headquarters building of Bear Stearns, as well as the more than 1,000 outlets in the United States that Bear Stearns stayed, will require a total of 1.3 billion US dollars, all of which will be borne by him Li Zhiyang alone.

Then the other expenses invested in the later stage will be borne by his father-in-law to bear a small part, and if this Bernard also wants to join, then he will also have to bear at least a billion funds.

At that time, Li Zhiyang will have 70 percent of the share capital, James will have 15 percent, but this Madoff will only account for 8 percent, and the other 7 percent will be distributed to some other heroes who have made great contributions to the bank in the future.

In Li Zhiyang's view, this allocation should be very reasonable, because this time they are a commercial bank, not an investment bank, and they are still a grassroots start-up, so they have not yet planned whether to list the bank or not.

In fact, Li Zhiyang did not want to list the bank, because the risk would be too high, and the annual performance report would be announced at that time, and it would also dilute the bank's shares, which of course was not what Li Zhiyang wanted to see.

Because the original intention of establishing this bank was to serve his own industry

James didn't put forward any significance to Li Zhiyang's idea, because he didn't spend much money on this project from the beginning to the end, and Li Zhiyang also gave him 15% of the shares, and he was very content.

However, Bernard and Li Zhiyang had a big controversy over whether the bank should be listed in the future.

As a capital player, of course, he hopes to maximize his own interests, you must know that he is involved in this, but he has to invest at least one billion yuan, and he will exchange for eight percent of the shares

To be honest, he was a little uncomfortable in his heart, but what could he do, who let Li Zhiyang pinch his pigtails in his hands

And after he recently returned most of those clients' money, he is even more famous on Wall Street than ever.

You must know that in these days, many investors think that as long as they can redeem their money from those so-called funds or investment banks, even if they only redeem seven or eight layers, or even half of it

You must know that in recent times, many funds, investment banks and the like, have declared bankruptcy or cannot be redeemed.

Those customers who invested in them lost all their money, but at this time, Bernard was so righteous, not only returned the money on time, but even gave a certain amount of profit

Such a person can simply become a god for investors on Wall Street

Therefore, while some investment institutions on Wall Street are now infamous, Bernard's reputation is as brilliant as the sky on Wall Street

Although Bernard has announced on television, on his website, in newspapers several times, that given the current financial environment, he does not plan to continue to run his fund in the near future.

But there are still many people who come to him every day and want to invest in his fund

Bernard has reason to believe that if he joins the newly established bank of Li Zhiyang, then he will definitely bring Li Zhiyang considerable customer resources

And this is exactly what Li Zhiyang wants, but the two of them have a certain dispute over whether the bank should be listed.

In the end, after several hours of arguing, the two men came to the preliminary conclusion that the bank would first open for a few years to see how profitable it was.

If, after five years, the bank's profitability is good, Morgan will split it into Morgan Stanley, an investment bank, and JPMorgan Chase, a commercial bank.

When the time comes, you can consider going public with the investment bank

In this way, even if the investment bank loses money in the future financial turmoil, it will not affect the situation of the unlisted commercial bank

The current bank will only exist as a comptoir, but Bernard will be hired as the bank's netbsp when the time comes; But secretly, Li Zhiyang and James have also discussed that they will install a lot of their own eyeliner in the bank to spy on this old guy, especially in finances.

After all, the previous record of this old thing was not very glorious, if it weren't for a guy like Li Zhiyang who had traveled back from his previous life, it is estimated that many people would have begun to cry bitterly at this time.

In the past few days, the news on Wall Street that a newly formed mysterious company from the Middle East is going to buy part of the commercial bank in the hands of JPMorgan Chase has become more and more true.

After the Chinese New Year, the U.S. stock market, which has been in a bear market, rebounded a little for a few days because of this news, and finally provided a little vitality to the dire Wall Street.

And JPMorgan Chase's stock price has also risen rapidly in the past few days, and it is simply unique in the current world

In fact, this is all Li Zhiyang and James, in order to cooperate with JPMorgan Chase, and deliberately hyped it up, of course, JPMorgan Chase has made a lot of money in the past few days, in order to express their gratitude, they gave Li Zhiyang 50 million free money, which can be regarded as a dividend for Li Zhiyang to cooperate with them this time

A few days later, on Monday of the following week, the mysterious consortium from the Middle East suddenly announced that they had successfully negotiated with JPMorgan Chase to acquire Bear Stearns' headquarters and all of Bear Stearns' more than 1,000 locations in the United States

And they also announced that they had hired the great chairman of the Nasdaq, who had just announced his retirement at home, to serve as the CEO of their new bank, which was a shot in the arm for the US stock market and quite a strong shot.

On that day, all kinds of indices in the U.S. stock index futures market rose to a certain extent, and the Nasdaq and Dujones alone rose by tens to hundreds of points.

And Li Zhiyang, James and Bernard, of course, will not let go of such an opportunity, and they have all made a small profit, each with hundreds of millions of income.

However, they did not dare to make much action, after all, the US Securities Regulatory Commission is now investigating the US stock market strictly

Although they are not afraid, committing crimes against the wind will inevitably leave a bad impression

A few days later, the Pan American Bank was inaugurated at its former headquarters in Bear Stearns, albeit as a simple celebration.

But such a celebration still attracted the attention of almost all the American media, after all, at this time, there is not much good news in the United States, especially on Wall Street, and the establishment of this Pan American Bank is still a big piece of good news

And after Li Zhiyang and James put their respective personnel in which bank, they were tossed by Madoff, although they were still a little worried, but now they can't take care of it.

After all, the Pan American Bank is just a start-up, and it is still in the situation of digging people everywhere to recruit, and it is not yet time for official business

Now on Wall Street, there are so many so-called elite talents, but when Li Zhiyang's recruitment advertisements went out, they received countless job resumes and phone calls, and these things were left to Bernard and them to have a headache

And the main problem that Li Zhiyang and James have to face now is how to get their hands on the MGM Hotel

This hotel is of great significance to Li Zhiyang, especially for his money laundering business

Located in the heart of downtown Las Vegas, at the intersection of Vegas Avenue and Tropical Road, the MGM Grand was completed in 1993 and is an 18th-century Florentine-style building.

This hotel is known as the entertainment capital even in Las Vegas, because it has the largest casino in the whole of Las Vegas

The hotel is Kirk, known as the gambling king in Las Vegas. Built by Kelcorion, the background of this old boy is of course inseparable from the Corioni family who originally came to New York, which means that this kid is a mafia

In the 70s of the last century, this old boy bought MGM Pictures, which was not in a good situation at the time, but this old boy did not do his job.

Actually stopped all MGM Pictures film shooting, but in the name of MGM, built this big hotel in Las Vegas, and after several tosses, the hotel was finally completed in 93.

And this Kirk tossed the MGM film company enough, bought it three times before and after, and bought him out three times.

And now, because of the expansion of his family's business, and the recent poor operation of MGM Pictures, they plan to give up the MGM Grand Hotel

Hollywood is no longer the era of pure film companies, but has completely become the plaything of Wall Street, Columbia belongs to Sony, Warner has become Time Warner, Fox belongs to Murdoch, Paramount belongs to Viacom, Universal belongs to General Motors, and MGM is the most unlucky, half of it belongs to Sony, half belongs to the Kelcorion family.

Under the toss of the Kercorion family, the MGM film company could no longer hold on, and at the beginning of the year, it was already high in foreign debt, which has reached four billion dollars.

And at this time, the Kercorion family, which was expanding rapidly in the Far East, no longer planned to carry this rotten package on their backs.

They have already used the MGM brand to build another MGM Hotel in Macau, and it is closer to one of the world's most gambling peoples, the great Celestial Empire

And they also plan to continue to expand in Asia, you must know that they have a good relationship with Jin Xiaopang in North Korea, where they have set up several underground casinos.

And in the Russian Far East, they also have their own relations, in Vladivostok, that is, in the Russian city of Vladivostok, they also have a luxurious casino.

These casinos, for some reasons of the local government, can provide them with countless amounts of money every day

And this Kelcorion family is not a well-known family in the United States, no matter where they go, there are FBI people staring at them, so in Asia, they are like a fish in water.

After all, here, there are no government people who oppose them every day

Moreover, the policies of some local governments here are not as strict as those in the United States, and there are many loopholes in the law that can be exploited, except for Macau.

But in North Korea and Vladivostok, Russia, their casinos are all very profitable

And the most important thing is that there is no need to pay taxes at all, as long as they get Jin Xiaopang right, and feed the Russian Far East commander on the Russian side, who would dare to come to them for trouble.

So the people of the Kercorion family quickly liked the life in sports, and as for the United States, they didn't care.

After all, where is the casino they run, there is a heavy tax, and even if they are taxpayers, they have to be watched by the FBI people every day.

Besides, MGM Pictures has signed no less than 4 billion foreign debts now, is it still necessary for them to continue to operate?

So they chose to sell at this time, including their stake in MGM Pictures and their MGM Grand Hotel in Vegas.

Among them, Li Zhiyang and James are only interested in the MGM Hotel in Las Vegas

Because they are now planning to set up a bank in the United States, and Li Zhiyang wants Robbie, who is now doing some very illegal but quite lucrative business in the United States.

Moreover, in the future, Li Zhiyang and American politicians will have more and more contacts and become deeper and deeper, and they all need a very reasonable way to launder money

So now this MGM Hotel, for Li Zhiyang, is a result that must be won

And the people on Kercorion's side were also very happy, and when they heard that someone was willing to take over the MGM Hotel now, they were not polite, and directly invited Li Zhiyang and them to go over to negotiate

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