Chapter 170: The Choice of Bank

Thinking of this, Lin Yu looked up at Capus and asked, "Is it possible that the bank controlled by a certain consortium?" ”

Cappus frowned when he heard this, and said, "It's unlikely. I don't know who controls HSBC. ”

"Is it to prevent someone else's acquisition?" Lin Yu thought.

In fact, Lin Yu's idea is right, the reason why HSBC and HSBC Group disperse their shares is to prevent them from being acquired by a certain force.

The name HSBC is thunderous in later generations, not to mention anything else, as far as the reputation of HSBC Hong Kong in Asia can be counted.

HSBC is a well-established international bank with branches all over the world, including China, and its headquarters is located in London.

The Hongkong and Shanghai Banking Corporation Limited, a wholly-owned subsidiary of HSBC Holdings plc, is a founding member of the HSBC Group and its flagship in the Asia-Pacific region, the largest registered bank in Hong Kong, and one of the three major note-issuing banks in Hong Kong.

In fact, HSBC was originally established to provide financing and settlement services to companies engaged in trade with China, founded in 1864, when Britain was still known as the "Empire that does not fall", after the Opium War, China's door was opened, and Western powers vied to expand their economic interests in China. In order to compete with the Royal Bank of China, they decided to set up their own bank, and after half a year of preparation, HSBC was finally officially established in Hong Kong in 1865. This was followed by the establishment of HSBC Shanghai HSBC Branch in the same year.

The origin of the name HSBC also refers to the diplomat of the Qing court at that time, Mr. Zeng Jize, in 1881, Zeng Jize had an inscription for the bank's banknotes, including the word HSBC. Since then, the Qing court and society have called it HSBC.

In both World War I and World War II, HSBC was affected to varying degrees, especially after the outbreak of the Pacific War, when the Japanese army took over the then HSBC headquarters and branches in the areas it occupied, resulting in the suspension of most of HSBC's business, and even to the point of bankruptcy. On January 13, 1943, the British Privy Council ordered HSBC to relocate its head office to London, which allowed HSBC to continue to operate.

After the end of World War II, HSBC quickly reopened its business, in 1946, moved its head office back to Hong Kong, but retained its headquarters in London, and in March 1947, almost all of HSBC's branches around the world were able to reopen.

In 1959, HSBC acquired the Bank of Britain in the Middle East, the largest foreign bank in the Arab region, founded in 1889, expanding HSBC's network to the Middle East, particularly the United Arab Emirates, Saudi Arabia and Iran. In the same year, it acquired India's oldest bank, the Indian Trade Bank, in 1965 it acquired a 61.5% stake in Hang Seng Bank, the second largest bank in Hong Kong, in 1980 it acquired a 51% stake in SITC, the largest commercial bank in the United States, and in 1983 it acquired a major dealer in U.S. treasury bonds, Carol Brown. With a 51% stake in Mackenty and McKinsey, it can be said that a series of actions by HSBC are enough to make it enter the ranks of large banks, but the problem lies here.

So far, the US SITC Bank acquired by HSBC has not developed much, and although HSBC's strength has skyrocketed, it does not have any national currency issuance rights as a quasi-large bank, which has to be said to be a pity.

Thinking of this, Lin Yu also shook his head, in comparison, a country's currency issuance right is the most difficult to get, with the currency issuance right, especially the currency issuance right of developed countries, even if the bank is relatively small, but it can also develop, but without the currency issuance right, it can only be regarded as a quasi-large bank.

Looking up at Kapus, Lin Yu asked, "For these two banks, which one do you think is more beneficial to us?" ”

Capuz lowered his head and thought about it, then raised his head and said: "I think Standard Chartered Bank is more advantageous, compared to HSBC, Standard Chartered Bank has a stronger influence in the United Kingdom and the United States, although it is not much stronger, but it is better than nothing." In addition, Standard Chartered Bank has an advantage, that is, Standard Chartered Bank was established with the approval of Queen Victoria, which is a great advantage. This will be of great benefit to our future development and expansion. ”

Hearing this, Lin Yu nodded, indeed, the people of European and American countries value the reputation of a company, Standard Chartered Bank is a world-class bank, and after playing the title of an aristocratic bank, I believe it will be more popular with those people in Europe and the United States.

Although he thought so, Lin Yu still felt that it was better to ask professionals, after all, neither he nor Kapus were professionals in this area.

After thinking about it, Lin Yu then asked: "Just now you said that you can start with a smaller bank, how do you say this?" ”

After hearing this, Capuz smiled wryly and said, "I think of a bank, but I don't think the possibility of acquisition is very large. ”

When Capus said this, Lin Yu was really interested, when he just said HSBC and Standard Chartered, Capps didn't say that, but now he said such a thing to a small bank, which shows that this small bank is not very small.

"Oh? What bank? Lin Yu asked with interest.

Cappus thought for a moment and softly spat out a name.

"Royal Bank of Scotland."

Hearing this bank, Lin Yu was taken aback. Lin Yu is very familiar with this bank, and he is familiar with this bank because of a person's name.

Fred? Goodwin. Lin Yu knew that this bank was because of this name.

Speaking of this Fred? Goodwin, I have to mention his title of "M&A Master".

The British banker, who won the title of Forbes Business Person of the Year in 2002 in Lin Yu's previous life, once swallowed the fourth largest bank in the United Kingdom, more than three times his size, in 2003 for $34.2 billion.

Fred? Goodwin is arguably the most heroic CEO of the Royal Bank of Scotland, and under his leadership, RBS has grown from a 275-year-old Scottish regional bank to the world's fifth-largest bank with $70 billion in assets in just a few years.

"Bank of Scotland?"

(To be continued)