Chapter 322 Historic Rice Bank

After Lin Yu saw Leovantaa and tied Leovanta to his BMW, Lin Yu kept smirking, but after being excited, Lin Yu began to think of Leovanta's words again, he needed one or two large and medium-sized banks to cover up, otherwise, the money he made every year would just be transferred to the city to attract the attention of people with intentions.

"It looks like the plan to buy the bank is on the agenda." Lin Yu thought in his heart.

Simply, Lin Yu has been thinking about the plan to acquire the bank, but Lin Yu has not decided to acquire a bank, because each of the three banks selected by Lin Yu has its own advantages, but also has its own shortcomings, the advantage of HSBC is that HSBC has strong business capabilities in China and Europe and the United States, especially in China and Southeast Asia, East Asia, HSBC has enough integrity, especially in China, HSBC has obtained the right to collect and deposit China's customs duties and salt taxes. By the beginning of the 20th century, HSBC had become the largest bank in the Far East. Foreign exchange traded by HSBC often accounts for 60-70% of the turnover of the Shanghai foreign exchange market.

This is not something that any bank can do, which is the advantage of HSBC, but the disadvantages of HSBC are also obvious, and after entering the 80s, HSBC's interest in acquiring banks soared, and in 1980, HSBC took a stake in SITC Bank and became a wholly-owned subsidiary of HSBC in 1987. In 1981, HSBC acquired a controlling stake in Equator Holdings Limited; HSBC's acquisition of the Royal Bank of Scotland failed in the same year, but interest in acquiring large British banks did not wane. However, although HSBC has a lot of interest in buying banks, but after the failure of the acquisition of the Royal Bank of Scotland in 81, HSBC had a period of crisis, but with the efforts of HSBC and the British government and the Hong Kong government, HSBC has not been very stable since then, but Lin Yu may be much simpler if he plans to buy.

The other bank Lin Yu chose Standard Chartered Bank can also be a standard Standard Chartered Bank, but Chinese are used to calling it Standard Chartered Bank.

The advantage of Standard Chartered Bank is obvious, that is, Standard Chartered Bank's parent company, Standard Chartered Group Co., Ltd., is one of the constituent stocks of the London Financial Times 100 index, and Standard Chartered Bank is currently one of the note-issuing banks in Hong Kong.

However, the disadvantage of Standard Chartered is that it is worse than HSBC's business in Europe and the United States, and its business is mainly concentrated in emerging markets such as Asia, the Indian subcontinent, Africa, the Middle East and Latin America. On the contrary, there are fewer customers in the UK.

However, Standard Chartered has a leading position among banks in growing countries. This is something that many banks can't match.

However, if Lin Yu buys Standard Chartered Bank, there will be a good opportunity next year, Lin Yu remembers that in 86 years, the British Rice Bank had intended to acquire Standard Chartered Bank, but although Rice Bank came in a hurry, but in the end Bao Yugang and Qiu Teck Puat joined forces to rescue.

Many people are unfamiliar with the city, but when I show its strength, I may be amazed that there are banks in the world that can be compared with the world's large banks such as Citibank.

Rice Bank is one of the oldest banks in the UK, and its existence is almost the earliest in British history and the first bank in Birmingham.

In Europe, many people don't actually call it Rice Bank, but affectionately call it Lloyds Bank.

The founder of Rice Bank was the key manufacturer John? Taylor and steel producer and distributor Simpson? Rice II, in 1765 the two joined forces to create the Rice Bank, which later became the largest bank in England, at DLE &Nbnd in Birmingham. Although the bank was founded in 1765, it is actually known that the first branch of the Rice Bank opened in 1864 in Albury, 9.5 kilometres from Birmingham. Until now, through a series of mergers, Rice Bank has become one of the big four banks in Hong Kong, and it has acquired overseas businesses focused on Brazil and New Zealand, and has also engaged in life insurance through its Lloyds Insurance Group.

As one of the first banks in the British banking industry to conduct international business, in the 70s, there was a large-scale global expansion, and in the early 80s, Lloyds Bank suffered serious losses in Latin American and commercial real estate loans, among which non-performing loans to Latin American countries ranked second among British banks, because of this, Rice Bank also almost fell into an economic crisis, in addition, Rice Bank also has a large proportion of non-performing commercial real estate loans. Its asset size is the largest among the four major commercial banks in the United Kingdom, and its capital base is weaker than that of its British rivals. At that time, Lloyds Bank was facing a difficult situation, and there was a lot of room for further growth.

In 1983, Lloyds Bank reversed its "big is good" strategy and focused on increasing shareholder value, setting a goal of doubling shareholder value every three years. Lloyds Bank has chosen to implement this strategy by promoting well-run businesses and divesting or selling under-performing businesses. Through a series of strategic transformations, a flat organizational structure and low-cost management within the bank, Lloyds Bank has transformed from a mediocre bank into a focused UK retail bank. By January 13, 1998, its capitalization market capitalization reached $68.7 billion, ranking first in the world, while no other British bank made it into the top eight. The bank has transformed its banking strategy with great success.

In 1986, Rice Bank was hostile to a bid for Standard Chartered Bank, but was repelled by a consortium formed by Pao Yugang and Chiu Teck Put. In addition, in 1994 the acquisition of the Choton Ham and Gloucester Housing Societies made Rice the market leader in mortgage lending in the UK. In 1995, it merged with the Trust and Savings Bank to form Lest B Bank.

Rice Bank is very unfamiliar to everyone, but its property must be familiar to everyone, until Lin Yu's rebirth, Rice Bank owned the shares of the Bank of Scotland 100, the shares of the Bank of Halifax of Scotland 100, and also owned the shares of Sainsbury Supermarket Bank 100, and also owned the shares of Bnwe100, among them, the Royal Bank of Scotland and the Bank of Halifax of Scotland were the world's top 500 companies before Lin Yu's rebirth, however, Rice Bank was repurchased by the British government before Lin Yu's rebirth, becoming the largest shareholder of Rice Bank.

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