On Wall Street in December, something big happened.

The Wagon Company and the Chase Manhattan Company were formally merged.

This event announced the merger of two of the two largest financial forces on Wall Street.

Chase Manhattan Bank, generally referred to simply as Chase Bank. There is also a saying that it is known as the Chase Manhattan Bank.

If the name is just that, outsiders may not know the status of this bank.

Let's put it this way, it is the financial center of the Rockfeller consortium.

As for the other company that merged with Chase Bank, the .Mahogon Company.

As its name suggests, it is the heart of the Mahogon Consortium.

The two companies, on September 13 this year, issued a joint press release saying that the two banks were interested in merging.

After the news was announced, many people thought it was a joke.

Merge of the Wagon with Rockfeller?

Are you kidding?

Because this incident seemed absurd, it caused heated discussions in the United States for a day or two at that time.

There was no news after that.

No one was convinced.

As a result, in December, the two companies officially announced their merger.

After that, in the present of 200.

With total assets of $660 billion, Morganist Chase Bank officially appeared on Wall Street.

According to David Mellon, this is-

"The Fed and the FDIC are crazy! They actually made the T-Rex and the shark merge!!"

The whole Wall Street was in an uproar, and many people did not expect it.

These two giants have really joined forces.

The birth of Mahon Chase made the entire Wall Street surging for a while.

On the contrary, Abel was more calm.

The few memories he has of America are part of the merger of the two banks.

He knew that it would only be fifteen years or so after they merged.

It has developed into a company with total assets of $2.5 trillion and total deposits of up to $1.5 trillion, accounting for 25% of total deposits in the United States, with more than 6,000 branches, and one of the largest financial services institutions in the United States.

But before that, except that the origins of the holders behind them are more amazing.

Neither of these banks is very good on Wall Street, either in terms of business or performance.

For the whole of last year, Chase's annual revenue was just $22.2 billion.

The Mogun's annual revenue is only $8.8 billion.

The two giants combined have only more than $30 billion in revenue.

The profit is not even half a billion dollars.

This revenue is not even comparable to the four major investment banks.

This, of course, has to do with the fact that they are primarily engaged in commercial banking.

Commercial banks have always been inferior to investment banks in terms of revenue.

In the United States, the banking system is dominated by commercial banks.

A vast system that includes the Federal Reserve, thrifts, savings banks, investment banks, and specialty banks.

Among them, 9,613 large and small banks.

There are more than 6,000 commercial banks.

This is followed by savings banks, about 2,000.

Then there are the investment banks, about a thousand.

The remaining hundreds are investment banks, thrifts, and specialty banks.

Thrifts, generally referring to the twelve Federal Reserve Banks.

Specialized banks are target banks, including the World Bank.

As for the Federal Reserve, there is only one.

In fact, it's the head office of the 12 Federal Reserve Banks.

In other words, the Fed is the central bank of the world. Okay, it's made up of these twelve families.

It's not like any other U.S. bank.

Reserve banks of the twelve Federal Reserve Districts, they

The shares are not in circulation.

There are also regulations that their shares are only allowed to circulate within shareholders.

They didn't get their shares when they were founded, and they basically never got their shares again.

When it comes to the Federal Reserve, it has too many secrets.

Its secrets are unknown to many of the high-ranking people in this kingdom.

Federal Rep. Wright Patman of the last century.

This gentleman served as head of the House Banking and Monetary Committee for 40 years.

For 20 of those years, he kept proposing the Fed to be abolished.

The lawmaker has also been trying to find out who owns the Fed.

In the end, he announced that he could not find out who the owner of the Fed was.

As for whether it was really not discovered, I dare not say if I found it.

This is known only to the parliamentarian himself.

In short, the establishment of Megan Chase announced the birth of a supergiant of American commercial banks.

It's no wonder that Wall Street is in turmoil because of its appearance.

In the case where it dominates all the financial news.

Abel's American Pacific Commercial Bank.

On December 20, the company successfully acquired 7 small commercial banks again.

It seems that the waves are not alarmed.

For a month or so, Abel wielded a dollar stick.

After spending about $13 billion in cash flow.

Today, the American Pacific Commercial Bank has 112 branches.

A medium-sized bank with total assets of $12 billion and assets under custody of about $100 billion.

At the same time, this also consumed half of Abel's cash flow.

But both Abel and David Mellon think it's worth it.

From now on, Smith Capital finally has its own capital turnover center and settlement bank.

Pacific Commercial Bank has also officially become the settlement bank and financial core of the Abel family.

Many companies under Abel Holdings.

For example, MGM AA, A TV, Isha Corporation, YKM Company, New Real Estate, and Rock Security have all transferred most of their business to Pacific Commercial Bank.

Google, IDEO and other companies affected by Abel Investment Holdings have also transferred part of their settlement business, the United States Pacific Commercial Bank.

These companies alone have given the U.S. Pacific Commercial Bank billions of dollars more business at once.

Doing so is good for both parties.

For the U.S. Pacific Commercial Bank, it has a lot of extra business.

You can earn more fees and interest.

For these Abel-owned companies, there is a brother bank of its own.

It can also be relatively safe when settling funds.

At the same time, in case you need a loan in the future.

If you have your own brother bank, you can also get certain discounts in terms of loan interest and tenure.

That's why U.S. conglomerates will always be at the heart of their finances.

Who says that in the modern business system, commercial banks are already the indispensable and core part?

For Abel's current core company, that is, Smith Capital.

When it invests abroad, it finally no longer needs to be completely monitored for the flow of funds.

It has its own settlement bank and financial turnover center.

It is not so easy for Wall Street giants to continue to spy on Smith Capital.

It was on December 20th.

Smith Capital's Phase II and Phase III private placement was completed, raising US$10 billion.

So that the American Pacific Commercial Bank made more than $30 million in underwriting fees at once.

Originally, the money was given to the Wall Street giants

earned.

For example, the four major investment banks were in the first private placement of Smith Capital.

The four of them alone made more than $4 million in profits.

All this money now makes Abel put his left hand and right hand.

It flowed back and forth, and finally it ended up in his own pocket.

The two private placements raised a total of $10 billion, but the subscription amount reached $18.2 billion.

The subscription time is 36 hours.

And at the same time on this night.

It came as a surprise to many Wall Street giants.

The direction of Smith Capital's investment this time.

It is no longer the international foreign exchange or futures market that is very risky, but also very profitable.

This time, Smith Capital, this huge cash flow, began to enter the US stock market in a big way.

What makes Wall Street giants even more painful is that Abel has always liked to play leverage this time.

I didn't use leverage!

Or they don't know if they use it.

Because if the U.S. Pacific Commercial Bank, provides leverage.

They have no way of knowing the exact flow of money for cowardice!

It is much easier to keep an eye on the flow of money from an investment company than it is to keep an eye on a commercial bank with more than $100 billion in funds under custody!

Because they were not allowed to be middlemen

Together with Smith Capital, it already has its own cash flow center.

That is, the American Pacific Commercial Bank.

This makes Smith Capital's investment relatively secret to Wall Street giants.

Many people don't have the same immediate visibility into where Smith Capital is investing.

Everyone has spent a long time, used a lot of relationships and channels, and wasted a lot of favors and money.

Only then did I basically find out the general investment direction of Smith Capital this time.

In other words, if you want to check, you can still check it clearly.

It's just not as easy to know as it used to be, and it's very detailed.

Now everyone has found out, just some approximate flows.

But exactly how much money there is, how much and when.

It's hard to find out.

And seeing this, they re-investigated the results.

Everyone found out that Abel Smith actually changed sex!

He doesn't play foreign exchange or futures, he doesn't even play leverage.

Forget about these if you don't play.

This time, he was honest and scattered tens of billions of dollars of funds to more than 100 companies in the US stock market.

On average, the investment in each stock is about $120 million.

This investment style has changed the impression he gave everyone before.

Everyone found out that this guy has changed from a gambler's investment to a fisherman's investment.

What is Fisherman's Investment?

It is like a fisherman fishing on the sea, throwing the nets down one by one.

The fisherman doesn't care what he wants to work on or what he can catch.

This completely different investment style suddenly made the Wall Street giants who were eyeing him very uncomfortable.

Everyone has been studying his investment style for almost a year.

Some companies have already simulated their investment models.

Although you can't really follow this model, you can achieve the same great gains as him.

But as long as you follow this model, follow Abel's investment actions.

A lot of the time, Abel was in front of the meat when he was eating meat aggressively.

These middlemen can also follow him and mix a mouthful of soup or a mouthful of meat to eat.

Just like Merrill Lynch before, because of Charlie Scharf's insistence.

In Abel's many investment actions, they quietly learned from Abel a few times.

Although the income is not as good as that of Albert, it also makes them a lot of profits.

This is too

The reason why everyone likes to stare at him.

And Wall Street companies like Merrill Lynch are not alone.

The main thing is that everyone wants to follow him, watch him eat meat, and see if they can drink soup.

If you have the opportunity, you can also take advantage of his inattention or distraction while he is eating meat, and bite him hard.

The latter was done because Abel acted quickly.

No one has ever bitten the flesh on Abel.

But it's also good to drink soup, and you can be full if you drink too much soup.

But now, Abel has changed his investment style.

This made a large number of Wall Street giants who followed him and wanted to eat the soup in a daze.

> In the headquarters of the Financial Services Group.

Shari Vinston, the CEO of the group, said to Lincoln, general manager of BlackRock Investments, a subsidiary of PNC Financial Services Group, with some depression:

"How did he change sex? The company's analysts are not saying that all previous deals should have been made by David Mellon."

"When he returns, he will surely come back with revenge. Or is it a big deal in the market?"

"Then why doesn't he stop doing foreign exchange, or futures. You know, he had never been in the U.S. stock market before."

& Financial Services Group, is a financial business headquartered in Pittsburgh, Pennsylvania.

Don't look at the reputation of the investment business, it is far less than the big four investment banks at this time.

But its investment business is actually not much worse than that of the four major investment banks.

& 's wealth management business began with the merger of two trust companies in the 90s of the 20th century.

& Mid-decade, BlackRock Investments became part of PNC's asset management business.

In &9, PNC acquired First Data Investor Service Group.

This company is a major provider of mutual funds and other investment vehicles.

The acquisition strengthens PNC's position as a leading global provider of investment services.

In 2000, BlackRock Investments became one of the largest publicly traded investment managers in the United States.

In later generations, with the support of PNC Financial Services Group.

BlackRock has even become the world's number one custodian.

At its peak, BlackRock funds managed more than $11.5 trillion in funds!

Now, of course, in 2000.

BlackRock funds aren't so exaggerated.

Even with the support of PNC Financial Services Group.

At this time, its custody funds are about 1.2 trillion US dollars.

In the United States, it is currently in the top five.

There is still a long way to go before it is the first place in the world.

And the reason why it can become the world's No. 1 custodian fund in the future.

This naturally has to do with the very good annualized returns of its own.

It is because it makes money that the rich are willing to believe it.

is willing to give it money to invest in financial management.

In the end, there was an exaggerated scale of ten trillion dollars.

Since May of this year.

BlackRock Fund, in fact, has been sneaking around and drinking soup with Abel many times.

Abel made more than 10 billion in half a year, and BlackRock made more than 3 billion in half a year.

The reason why there is so much less is not because the BlackRock fund has no capital.

On the contrary, the BlackRock fund, which is backed by PNC Financial Services Group, is the least bad for the principal.

The reason why the income will be so much less than Smith Capital.

Among them, there is something to do with the fact that BlackRock Fund did not trust Abel at that time.

And it is a tailgating in these investments after all, and it is also worried about being pitted by Abel in front.

In addition, in terms of the timing of exit and entry, it is naturally impossible for the tailgating to react as quickly as the first responder.

The investment of the BlackRock fund has seen some drawdowns in profits.

This makes it impossible for BlackRock Fund to compare with Abel in terms of returns.

Originally, after this Smith investment reception.

Because I saw Smith Capital's amazing profits.

Many Wall Street firms, including BlackRock funds.

They were all thinking that they would simply follow Abel to drink soup in the future.

To put it simply, it is to directly imitate the pace of Abel Investment.

It's like the big ticket that followed the Soros Quantum Fund.

Soros or Abel rushed in front, and they followed behind to eat.

But after Abel's investment reception this time, Smith Capital actually traded several times a month.

But the amount was very small, and it was sniped by a few lowly Wall Street giants.

It was also successfully sniped!

This made everyone realize that those investments may not be Abel's actions.

It's the actions of Smith Capital.

This was later seen by everyone.

And now, the Wall Street giants have been silent for a month.

It's finally time to make a move.

Everyone took action.

Those who want to follow him to drink soup are preparing, and those who want to find opportunities to snipe him are also preparing.

outcome

Abel doesn't play foreign exchange or futures hedging anymore.

He ran to the U.S. stocks!

In the face of the depressed words of the CEO of the group headquarters.

The managing director of BlackRock funds, Lincoln thought to himself, where do I know.

Lincoln responded:

"Maybe he's modified? Maybe he knows what we're doing and what we're doing? He didn't dare to take risks, so he chose the relative safety of the stock market?"

Sully Vinston couldn't make a good judgment either.

The main reason is that Abel suddenly changed his investment style, which surprised everyone.

It's like a guy who is used to drinking wine and eating meat every day, and suddenly one day he says that he wants to be a vegetarian monk.

When you see it, of course, you will be very unaccustomed to his transformation.

After thinking about it, Sully Vinston still said softly:

"For now, let's wait and see."

Lincoln agreed.

"I think so too. Because I think, the behavior of those cheap guys sniping. We've made him realize that he's been targeted by us!"

Shari Vinston agrees:

"Absolutely. Otherwise, he wouldn't have spent so much money to set up his own commercial bank in such a short period of time."

For Abel's sudden change in investment behavior.

The two giants of the financial services group can only judge the reason why he suddenly became cautious.

It was because he was aware of the sniping of some people on Wall Street.

This made Sally Winston and Lincoln complain at the same time.

Complaining about the guys who made millions of dollars by sniping last month disturbed everyone's big meat.

Let Abel now have a sense of vigilance.

In the future, let everyone choose to follow the trend or snipe.

The difficulty will be increased several times.

But Wall Street is meant to be this kind of urine.

I want to unite everyone.

Even the first Morgun and Rockfly were reborn to do such a thing.

Like the capitalists behind many other interest groups in the United States, they themselves cannot be united.

Wall Street is full of hills, and so is the United States.

Sully Vinston and Lincoln obviously can't get everyone to be obedient together.

In the end, a few rat droppings spoiled everyone's good soup.

& Rat poop in the minds of the two giants of financial services groups.

Merrill Lynch's investment arm doesn't think so at the moment.

Merrill Lynch's investment arm is the company that sniped at David Mellon's several attempts to invest in foreign exchange last month.

In those investments, Merrill Lynch made millions of dollars.

Leading these sniping operations was Mr. Stanley O'Neal, the president of Merrill Lynch.

Charlie Scharf, chief financial officer of Merrill Lynch, objected.

But today's Merrill Lynch, even CEO David Comansky is about to be overshadowed by O'Neal.

Charlie's opposition did not have any effect at all.

And afterwards, O'Neill also said to Charlie with some pride:

"Look, the invincible wolf of Wall Street is not terrible! Isn't that still a loss to Merrill Lynch?"

This incident once made Stanley O'Neal, who was already very high in Merrill Lynch, more prestigious.

Fortunately, Merrill Lynch found out later.

These transactions of Smith Capital should not have been presided over by Abel Smith.

It was David Mellon, the managing director of Smith Capital, who did it.

This made O'Neill's voice in the company lower.

It also allowed David Comansky, the CEO of Merrill Lynch, to avoid the bad possibility of being removed early.

Now Merrill Lynch, who also wanted to take a sip of soup or try to see if he could continue to snipe.

At this time, I watched Smith Capital spill over to more than 100 U.S. stock companies and invest more than $10 billion in the stock market.

In the office, Stanley O'Neill was a little dumbfounded.

"Invest in U.S. stocks, not international foreign exchange?"

The most powerful black president on Wall Street, muttered to himself.

Charlie Scharf was silent.

"Charlie." O'Neill didn't let him go, "What do you think Smith means by doing this?"

Charlie wondered where I knew.

But as the company's CFO, he can't help but answer this question.

Charlie Schaff had to try:

"Maybe it's our sniping behavior last month, or the beginning of the month. Let the other party perceive the risk? Worried about the risks, Smith decided to put his money in safer U.S. stocks?"

It's a bit of a Black Stanley O'Neill.

After all, at the end of last month and the beginning of this month, Merrill Lynch sniped.

It was O'Neill's choice that he insisted on, or did he take the lead.

It's like pointing at O'Neill's nose and saying - you struck the snake!

But this explanation may be the most realistic.

What makes O'Neill even more helpless is that Smith Capital has invested in hundreds of U.S. listed companies.

They are located on four stock exchanges and three major stock indices in the United States.

There are more than 10 major categories and more than 30 sub-categories, all of which are companies invested by Smiths Capital.

Abel's investment strategy, choices and wind direction this time are nowhere to be found.

Let everyone on Wall Street be completely nowhere to be found!!