Chapter 640: Merge into the Wells Fargo Foundation

At the Four Seasons Hotel in New York, the flow of people is constantly emerging.

Journalists of all colors and languages entered one by one with a polite manner, they were financial reporters, middle-level reporters.

However, when the number of reporters reached a certain level, the whole hall was crowded, especially not only the reporters, but also the photographers and cameras.

The whole hall is very crowded.

Fortunately, all the financial reporters here are here, everyone holds their own identities and does not make loud noises, if they were entertainment reporters here, I am afraid that the whole hall would have been in chaos a long time ago.

In the circle of reporters, reporters are also divided into three, six, nine and so on, in this circle, political reporters are the highest, and the subjects they interview are all dignitaries from various countries, so they all look very polite, and even the clothes are carefully selected, and they look very decent in dress.

The second is financial journalists.

The subjects they interviewed were all business tycoons, the most unfortunate and up-and-comers, although they were not so selective in their clothes, but at least they were decent.

Participating in various press conferences, they all seem to be very polite and polite, anyway, they know that if others want to sue them, they will know without asking, and if others don't want to sue them, no matter how they ask, they will not know, and if they anger these predators, a casual word will make them lose their jobs.

At the bottom, of course, is entertainment magazines, they interview celebrities from all walks of life, and they rely entirely on all kinds of brain supplements and inferences from the words of celebrities, so they are all the same as Russian and Chinese perverts. When you see a star, you pounce on it, and then there are all kinds of provocations. The goal is to get a few words from the mouths of celebrities, and then compose news.

That is, entertainment magazines dare to say so. If a financial or political newspaper dares to say this, it will be bankrupt in a minute, and its vitality will be greatly damaged.

In a small circle, several reporters in suits were talking to each other, including yellows, whites, and even a black.

"This time, Wells Fargo has made a lot of money, and it actually chose to hold a press conference at the Four Seasons Hotel, this time. It should be explosive. White reporters talked.

"Having a launch event at the Four Seasons Hotel?" The Asian reporter asked suspiciously: "Although it is very expensive for salaried people like us, but for their groups, it is just a drizzle, as far as I know, many banks smaller than Wells Fargo have chosen to hold a press conference at the Four Seasons Hotel, which is not a bloody investment!" ”

A Four Seasons hotel held a press conference, at best, tens of thousands of dollars, which is an unimaginable amount for the working class. Let them spend this money in a day, and they will probably die of pain in their hearts, but for Wells Fargo, this money is pitiful.

Wells Fargo with $1.16 trillion in assets. Not to mention renting the Four Seasons Hotel for a day, even if it is a month, a year, or even buying the Four Seasons Hotel directly. For it, it's just a drizzle.

White reporters say it's Wells Fargo hemorrhage. His first reaction was to exaggerate.

"You probably don't know Wells Fargo's corporate style." The white reporter laughed and said, "Their corporate culture is efficient and hardworking." ”

"In 1986, Wells Fargo bought Crocker Bank. In this acquisition, Wells Fargo fired most of the executives of Crocker Bank. ”

"The reason for this is that Crocker Bank has a dedicated executive dining room, marble binding, opulence, professional chefs and $500,000 worth of cutlery."

"This kind of luxury and managerial dining treatment is in stark contrast to Wells Fargo, which is the average college student cafeteria."

"That's why I said that Wells Fargo's press conference at the Four Seasons Hotel was a hemorrhagic move, and I'm sure they must have had very serious news, and I guess it's very likely that some big group merged into Wells Fargo."

"Merge into Wells Fargo?" A black journalist was also puzzled, "What kind of big group would be merged into the bank?" Of the financial circle? ”

"Why is it that only the big groups in the financial world are merged into Wells Fargo?" The white reporter asked rhetorically, "You must know that although Wells Fargo is a bank on the surface, it is actually a consortium, although it is not as good as Morgan, DuPont, and Citigroup, but it is also extremely top among medium-sized consortiums, and it is still a little bit closer, and it will become a large American consortium." ”

"It's very normal for their tentacles to reach out to all walks of life, and it is also very normal for large groups from other industries to merge into them."

"As for why the big group is merged into Wells Fargo, in the current market, do you think the big group will get a lot of nourishment?"

No kidding, last year there were several big groups that went bankrupt.

Several large groups in the United States are also crumbling this year, and the losses of Lehman Brothers are really a bit worrying, and it is too normal for large groups to merge with Wells Fargo to resist the economic crisis.

Truth be told, every economic crisis is a time of reshuffle.

In this round of reshuffle, the old group is crumbling, the new group is taking advantage of the rise, the industry status is reshuffled, the large group is grouped to protect itself, and various enterprises and groups merge with each other, thus producing a new group or consortium, which is really a normal thing.

Just then, the crowd quieted down and John Stampf, CEO and chairman of Wells Fargo, appeared on the platform.

"Thank you very much for coming, I'm John Stampf, CEO of Wells Fargo." John Staplef smiled kindly: "This time, I will bring you a piece of news, and of course, before I announce it, I will also invite another protagonist of this news to appear." ”

On the main stage, a round of lights gathered together, slowly shining on a person.

"What, it won't!"

"How is that possible?"

"How did he end up here?"

All the financial reporters present looked at Li Lin in surprise.

All of them guessed that there might be a large group merged into the Wells Fargo consortium, but they would never have imagined that this group would actually be a gold medal group.

One of Hollywood's Big Six, an upstart in the entertainment industry, Gold Group is the only giant expanding globally at a time when all the other Big Five are tightening their defenses.

The appearance of such a giant at the press conference held by Wells Fargo made all financial reporters shocked and dared not imagine.

"Hello newspaper and magazine reporters, I am sure that the next news will shock everyone."

"Wells Fargo exchanged a 4% stake for a 30% stake in Gold Group, and the two groups officially announced their merger."

Bang!

John Stampf's words were like a lightning bolt, hitting the brains of all the reporters present, marking their confused minds into a clear reveal.

"Merged."

"The Gold Group actually merged with Wells Fargo, no, this is not a merger, this is the integration of the Gold Group into Wells Fargo as a whole."

The merger sounds good, but in fact, it is completely the merger of the Gold Group into the Wells Fargo consortium as a whole, and Li Lin also got 4% of the shares of Wells Fargo from Wells Fargo.

That's Wells Fargo, the second largest bank in the United States, second only to JP Morgan, and even in the United States, Wells Fargo surpasses Citibank.

The reason why the Wells Fargo consortium, which is based on Wells Fargo, has not been among the large American conglomerates and is tied with the Citigroup is entirely because Wells Fargo's strategy of annexing large groups tends to be conservative, and now, Wells Fargo has finally opened its own blood basin and eaten the gold medal group, does this mean that Wells Fargo has adjusted its strategy and begun to annex large groups?

If this is the case, then it will not be long before a new large American consortium will shine in the skies over the United States.

Li Lin, who owns 4% of Wells Fargo's shares, will become one of the core members of the Wells Fargo consortium.

Don't underestimate the 4% stake, in fact, for a large bank like Wells Fargo in the United States, 4% stake is already a very large number.

Excluding the scattered shares circulating in the stock market, there are more than 100 individuals and institutions holding shares of Wells Fargo, of which only 6 directors hold more than 5% of the shares, and the highest shareholder holds 9.25% of the shares.

In other words, Li Lin holds the seventh largest number of shares in Wells Fargo, and after the merger of the Gold Group into Wells Fargo, he has become the seventh core shareholder of Wells Fargo.

Of course, it's just Wells Fargo, and for the entire Wells Fargo consortium, his status as a newcomer to the Wells Fargo consortium is actually not high.

"No, didn't you pay attention? It's just 30% of the shares, as far as I know, some time ago, the bulk shares of the Gold Medal Group in the market were bought by a large number of people, hehe, Li Lin still holds the Gold Medal Group, and another Sony was born. ”

Sony, a large conglomerate independent of the Mitsui consortium.

Its complex relationship with the Mitsui Consortium is the same as the complex relationship between the Gold Medal Group and the Wells Fargo Consortium at that time.

"Sony? Does Sony still have power now? I heard that their cash flow was taken away by the Mitsui Foundation, that is, with the cash flowing back from around the world, Sony just took a breath, and it is said that Sony hated the Mitsui Foundation to death. ”

"That is, if it weren't for the Mitsui Consortium, Sony would have eaten the Gold Medal Group a long time ago, and then broke through the 100 billion dollar mark as a whole, coupled with the separation of AOL Times Warner, Sony may be the leader of the American entertainment industry, but unfortunately, this dream was broken by the Mitsui Consortium himself, and now Sony can only hide in Hollywood and lick its wounds silently." (To be continued......)