/newmessage.php?tosys=1&title="The Crossing Begins with the Titanic."

Chapter Errors/Click here to report

In order to achieve his controlling stake in Wells Fargo, Situ Nan was not satisfied with becoming the largest shareholder of Wells Fargo (25%), and then injected $50 million into Wells Fargo by Occidental Petroleum, Robles Securities and Bethlehem United Steel, achieving the goal of doubling Wells Fargo's assets.

After adding Situ Nan's original 25% of Wells Fargo shares to 12.5% of the new Wells Fargo shares after the capital injection, it adds up to 62.5%, and finally completely controlled the bank that made him salivate.

Dennis Fargo, despite his mental preparation, was helpless, and the former ruler of Wells Fargo has now become the younger brother who follows Situ Nan, (the stake has been reduced from 31% to 10%). It's untrue to say that you're not lost.

He was comforted by the fact that the Fargo family's stake had been diluted, but that their assets had not shrunk, but had grown.

He didn't have time to feel it, so he had to rush to San Francisco to start a new round of busyness.

According to his and Situ Nan's plan, in the next two years, Wells Fargo will achieve a comprehensive expansion in California, in addition to consolidating the market in San Francisco, the most important thing is to concentrate on entering the banking market in Los Angeles, and strive to make San Francisco and Los Angeles, the two central cities in the north and south of California, the core fortress of Wells Fargo.

Then it expanded to the whole state through the two centers of San Francisco and Los Angeles, one south and one north, and finally the flag of Wells Fargo was planted in cities large and small in California.

Historically, Wells Fargo did not complete its full-scale expansion in California until World War II, and then after a hundred years of intensive cultivation in California, it became one of the leading commercial banks in the United States.

However, due to Situ Nan's reasons, history has always changed a little, and now Wells Fargo has more resources, has become more powerful, and its business strategy is more active and decisive than in history, and it can complete its expansion in California in a shorter period of time.

Mergers are the most effective way to expand, and Wells Fargo is no exception. The United States is a capitalist society, which has pursued liberal economic policies since its inception, and the banking industry is very developed, and in addition to the giant Wall Street crocodile, there are countless small and medium-sized banks distributed in all states of the country.

This is no different in California, where these small and medium-sized banks are now the target of the new Wells Fargo.

The good news is that Wells Fargo has not encountered a strong opponent in California for the time being, and it has not encountered strong resistance to its expansion, and it is invincible.

Through a share swap or a cash buyout, a number of small banks in San Francisco and cities around Los Angeles became Wells Fargo branches. They are like nodes in a spider's web, encompassing the whole of California.

And the Bank of America, the sworn enemy of rich countries in history, has not yet been formed! While Giannini, an Italian, was still haggling with San Francisco farmers, Wells Fargo had begun to invest heavily in California's burgeoning manufacturing industry.

The gap between the two widened all of a sudden, and if history had not allowed Situ Nan to come back to the furnace, it is estimated that Wells Fargo would not have been pressed by the Bank of America for a hundred years in this world as it did in history.

Of course, the Italian Giannini is actually the object of Situ Nan's cleanup, and Situ Nan has some prejudice against Giannini, who is known as the "American model banker".

While he admired Giannini's talent, he also thought that he was too rebellious and difficult to tame, and that he didn't have that much energy to "train" that stubborn guy.

Why?

Giannini himself was very opposed to consortiums intervening in banks, and historically he was bent on making Bank of America a bank for the general public, so in the banks he runs, major shareholders cannot control too many shares.

Not only that, but he persuaded the bank's shareholders to spread their shares so that the general public could become shareholders of the bank. For this reason, he also fought a world-renowned banking battle with the Morgan consortium!

Such a person, Situ Nan, naturally felt a little weak. If you can't be the major shareholder of the bank, and you can't control the bank in your own hands, what is the use of Situ Nan wanting such a bank?

Although the Bank of America has not yet been established, Giannini has not yet reached the height of history, but this person's ideology has been fixed, and Situ Nan, who knows this person's experience, does not think that his royal spirit can subdue Giannini, so he fell in love with Wells Fargo at a glance.

As for the future Bank of America, Situ Nan is not without interest, just the opposite, but he is waiting for the opportunity, and when he suddenly gives Giannini a smug and lets him know that there is still someone who has been watching you!

Under the rule of Dennis Fargo, the new Wells Fargo had more and more branches across California, and as it absorbed larger deposits, it had more room to participate in California's industrial development.

Although under his auspices, Wells Fargo still adheres to a prudent business strategy and the concept of serving customers remains unchanged, it has also begun to taste the sweetness from its investment in the steel and military industry, and has become more and more closely connected with Situ Nan's major industries.

This is exactly what Situ Nan wants to see.

After the end of World War I, Wells Fargo reaped a handsome return on its investment in the arms industry, doubling its assets to $200 million, while also controlling large deposits from California residents.

This western hillbilly has become a character that makes the eastern banks eye-catching, especially after the two years of economic depression after World War I, when some arrogant banks in the east were about to reach into California, they were suddenly sniped by Wells Fargo, and finally ran back to the east.

For this reason, Dennis Fargo proudly boasted of being the new aristocracy of the banks of the West.

······

In order to effectively manage his bank, soon after returning to New York, Situ Nan set up a financial company called William Bank Holdings, or William Financial Holdings, which was headquartered in a nondescript building on William Avenue next door to Wall Street.

William Financial Holdings does not engage in specific financial business and business activities, but uses the shares of several banks owned by Situ Nan to integrate the banking and financial business of the consortium and provide financial services to the enterprises under Situ Nan.

This is the most popular and basic commercial banking organization model that emerged in the United States after the 29-year Great Depression in history and the strengthening of the supervision of the multi-financial industry in the United States.

Its advantages are that it can effectively expand the total amount of capital, enhance the strength of the bank, improve the bank's ability to resist risks, and make up for the shortcomings of the single banking system; It can also effectively avoid the legal constraints of various states in the United States, and effectively reduce the cost of financing.

Situ Nan was very familiar with this model in his previous life, and he did not like the large, all-bank management model that is popular on Wall Street nowadays, and almost every imaginable business is mixed together.

Engaging in commercial savings and lending, securities speculation, insurance, trust, and so on is like a hodgepodge, which is easy to cause management chaos. Especially when the economy is in a recession, it is even more difficult to return, and if you don't die, you will lose your skin.

The traverser naturally sees a little farther than others, and on the basis of not detaching himself from reality, Situ Nan took into account the disaster ten years later, so he simply took one step in place and made William Financial Control out, so as not to be in a hurry when the time comes, and to experience a kind of labor pain of restructuring.

Soon after the establishment of William Financial Holdings, Situ Nan transferred all the bank shares under his name to William Financial Holdings, including Wells Fargo, as well as the Union Bank of California, Parker Bank and Houston Energy Investment Bank, which were bought during the layout two years ago, with total assets of about $20 million, but indirectly controlled $70 million in assets.

Among them, Wells Fargo is the big one, and the other two or three small banks don't have time to take care of him for a while, as long as they are fattened up in William Holdings.

In order to strengthen Wells Fargo, Situ Nan soon merged the Union Bank of California in San Francisco and Parker Bank in Los Angeles into Wells Fargo, thus becoming two important branches of Wells Fargo. Because of this, Wells Fargo's expansion in California was able to proceed smoothly.

Although William Financial Holdings is like a small thing compared with Morgan, Citigroup and other big banks in New York, Situ Nan's expectations for him are not low.

According to his design, William Financial was supposed to be a bank department store, including Robles Securities Company, which dealt in stock securities, Wells Fargo, a commercial bank that operated deposits and lending, an energy bank in Houston, which operated oil investment, and financial institutions that would be based in foreign countries in the future.

As Situ Nan cultivated in the western states in the next few decades, the number of subordinate banks and grandson banks of William Financial Holding became more and more numerous, and the assets of William Financial Holding became more and more huge, like a snowball, and after decades, even Situ Nan could not tell how much money William Financial Holdings had.

Especially after the First World War, the stock market was depressed, and Situ Nan took the opportunity to merge his shares in Robles Securities into William Financial Holdings, which suddenly became a feared and mysterious financial giant.

A few years later, a certain idle guy wanted to engage in a wealth ranking and specifically excavate the assets of the consortium, and he inadvertently discovered William Financial's deposits, so it was made public all over the world like the discovery of a new continent, and William Financial's holdings were displayed in front of the world.

Only then did people suddenly realize that not only in California but also in Texas, a number of ultra-monopoly giants have William Financial Holdings behind them, and it turns out that the California consortium they have always called, or the Texas consortium, is actually more appropriate to call the William consortium.

However, because William Financial Holding is a sole proprietorship of Situ Nan, the finances are never disclosed, and until he is a hundred years later, people don't know how much money this William Financial Holding has, maybe only the parties know an approximate figure.

As for the guy who broke the news, after kicking the big news of the century, his company was also immediately acquired, but he was not unlucky, but was important, and ran to dig out the new rich people in the United States, the new wealth heroes, as for the largest families, they gradually talked out of people's eyes and tacitly hidden.

(Although this chapter is a bit long, after thinking about it, I will explain it, which can be regarded as a small summary of the previous chapters!) ）

Genius remembers [Aishang Novel Network] in a second biquge.info provides you with wonderful novels to read.