…

Standard Chartered Bank was formed by the merger of two British overseas banks, namely The Standard Bank of British South Africa and the New Gold Mountain China Credit Bank of India (translated as the New Gold Mountain China Standard Chartered Bank of India after 1911, Australia and China). Pen % fun % Pavilion www.biquge.info

Standard Chartered Bank was established in 1853 under the charter of Queen Victoria.

In the early 1900s, Standard Chartered became the first foreign bank to be allowed to conduct business in New York. Standard Bank opened in 1863 in Port Elizabeth, South Africa.

Between 1890 and 1910, Standard Bank opened a number of branches in Africa, but some of them were closed due to operational difficulties.

In 1957, Standard Chartered acquired Easternbank, which allowed it to acquire branches in Aden (Yemen) in Bahrain, Beirut, Cyprus, Lebanon, Qatar and the United Arab Emirates.

By the mid-fifties, Standard Bank had about 600 branches and offices in Africa.

In 1965, after merging with the former Bank of British West Africa, its network was fully expanded. BNOWA has branches in Nigeria, Ghana, Sierra Leone, Cameroon and The Gambia.

In 1969, Standard Bank and Standard Chartered Bank merged to form Standard Chartered plc. Standard Chartered then acquired the UK's Hodgegoup and ThewallaceBrothers Group.

Since the establishment of the Standard Chartered stock company, it has branches in Europe, Argentina, Canada, Panama, Nepal and the United States. Standard Chartered's acquisition of three U.S. banks, including the Union Bank of California, gave Standard Chartered access to Brazil and Venezuela.

Currently, Standard Chartered Bank Group is preparing to establish a branch in Istanbul.

Even if the position is closed at a uniform pace, even if only one-fifth of the positions of Citibank, Royal Bank of Canada and ANZ Bank are closed, Xu Cun has cashed out $3 billion by the end of May.

The process of capital operation is to make money move and use money to make money, how can Xu Cun, who has been learning relevant knowledge in recent years, not understand this truth?

Therefore, as soon as the money entered Xu's account at the Baye Bank on Necke Island, Xu Cun divided the money into three:

An international takeover team led by Yuan Tianfan went to the London Stock Exchange to sweep Standard Chartered Bank's shares in the secondary market, which currently owns at least one-fifth of the bank's shares, which will be the cheapest shares Xu Cun can get.

A handover to Mr. Cheng to acquire the shares of the non-executive directors who hold stakes in Standard Chartered Bank, a standard British offshore bank with few domestic customers in the UK but a wide presence in Asia, the Middle East and Africa. Unlike HSBC, Standard Chartered's shares are very dispersed, the original shareholder is the London Unemployment and Pension Relief Fund Alliance, after the merger of South African Standard and Standard Chartered Bank, the shares were further diluted, and in the seventies, after the listing in London, Standard Chartered Bank no longer has a major shareholder in the sense of the sense, all of which are held by minority shareholders. Among these minority shareholders, some are unwilling to participate in the management of Standard Chartered Bank, and some are because their shares are too small to enter the board of directors at all, these shareholders can be counted as non-executive directors of Standard Chartered Bank, among them, the London Unemployment and Pension Relief Fund Alliance alone holds 12.9% of the shares of Standard Chartered Bank, and all the shares in the hands of non-executive directors together account for 3 or 40% of the shares of Standard Chartered Bank. In other words, whether Xu Cun can acquire Standard Chartered Bank, these non-executive directors are the key.

(Note: There are seven executive board seats on the Board of Standard Chartered Bank, one of which is one for each of the four shareholders holding more than 5% of the shares.) The remaining three seats are Lord Robles, Chairman of Standard Chartered, Chief Executive Bonnett, and Talang, the company's Finance Director – a professional management team that receives a 10% share of the Group's profits each year as remuneration for seven people. In the previous life, it was not until 2006 that the system was changed to an annual salary system.

In addition, the Coatston family, who really controls Standard Chartered Bank, also holds 8.74% of the shares of Standard Chartered Bank. Although the Goldston family does not hold much of the shares of Standard Chartered, even never more than 10%, the Goldston family has always had unimaginable power and influence over the senior management of Standard Chartered, and at least five members of the family have held senior management positions in Standard Chartered, two of whom are directors, and three of whom hold key positions in the Hong Kong branch and the London headquarters.

It can be said that Xu Cun's biggest enemy in acquiring Standard Chartered Bank is the board of directors of Standard Chartered Bank and the Coatston family, who have controlled Standard Chartered Bank for half a century -- everyone understands the truth that once a son is a son of heaven, he is a great man. No one wants to be swept away from the power themselves. Therefore, the board of directors of Standard Chartered Bank and the Goldston family will definitely vigorously resist Xu Cun's acquisition of Standard Chartered Bank, just as they joined forces to resist the acquisition of Standard Chartered Bank by Rice Bank in the United Kingdom in the previous life. ）

The last one was handed over to the precious metals market in Mei Aifang to start sweeping gold.

Xu Cun is ready to build Baye Bank into the world's largest private bank, and how can one of the largest private banks not have gold reserves?

Moreover, in the first two trading days of January 1980, the price of gold reached $643, and the then US Treasury Secretary Miller announced that the Treasury Department would no longer sell gold, and in less than 30 minutes, the price of gold rose by $30 to $715, reaching a new high of $885 on January 21. Forced by the situation, the then President of the United States Carter had to come out to suppress the gold market, saying that he would do whatever it took to maintain the United States' position in the world, and the gold price fell by $50 at the end of the day. The next day, the price of gold fell again by $145. The great bull market in gold has come to an end for 12 years -- at present, the market price of gold is only more than 300 US dollars per ounce, which is close to the record low of gold prices.

In addition, the reserve of gold is not a decision made by Xu Cun in a moment of brain fever, as early as the construction of the Baye Building, the manor of the Shi'ao Peninsula, and the Baicun Residence in Beijing, including Musa Island and Necker Island, Xu Cun built five of the world's safest and strongest vaults under the five places, in order to one day reserve gold in these five vaults.

In fact, to put it bluntly, the most important thing is that Xu Cun will definitely have a lot of spare money in his hands after this square agreement, and he has the strength to reserve gold.

All in all, the deep-pocketed Xu is closing his positions at the same time, and he is also acquiring Standard Chartered Bank and Gold, aiming to build the world's largest private bank.

……

(To be continued.) )