Chapter 358: All for Profit
To be honest, Abel has already agreed to half of these conditions proposed by the Texas consortium in his heart.
Four banks plus three insurance companies.
Once they are incorporated into the Pacific Commercial Bank, and the internal system of Smith Capital.
Let's talk about the banks first, they will make Pacific Commercial Bank a well-known big bank in the United States in one fell swoop.
From the perspective of capital, Abel remembers these four banks, each of which has assets of about tens of billions of dollars.
Combined, the four banks have surpassed Pacific Commercial Bank by a lot in terms of capital.
Not to mention that they also have custodial assets, which add up.
In the future, it will only make it easier and simpler for Abel in terms of financing.
And then there are these banks in Texas, as well as in several nearby states that radiate from Texas, and these banks have a large number of branches.
Prior to this, the Pacific Commercial Bank had grown to 180 branches.
But most of these branches are located on the West Coast, mainly in large and medium-sized cities in California.
At least 130 of them are in these places.
The remaining more than 50 are in major cities across the United States.
But in other vast areas of the United States, there is basically no presence of Pacific Commercial Bank.
Pacific Commercial Bank, as its name suggests, has a presence in the United States near the Pacific.
If you can get the Pacific Commercial Bank to swallow up these four banks.
The new Pacific Bank will suddenly become the Pacific Financial Banking Group, with more than 800 branches in the United States.
In the southwestern United States, dominated by Texas, it will directly become the hegemon of commercial banks and retail banks.
At least in the southwestern United States.
The new Pacific Commercial Bank will have the presence of Wells Fargo in San Francisco, Bank of America in Los Angeles, and Citibank in New York State.
There are also three insurance companies, and their addition can also complete the insurance field that Abel has only just started so far.
Insurance is an important industry in the United States.
It is a very important component and complement of the financial industry.
In the 20s of the 18th century, the first marine insurance organization in the United States was born.
The insurance industry in the United States, like its economic development, has gradually developed and expanded.
The U.S. insurance market is the largest in the world.
The U.S. insurance market occupies a very important position in both the global insurance industry and the domestic financial industry.
In the U.S. insurance market, there are a large number of insurance companies, ranging from large companies to many small and medium-sized companies, which coexist in a single market and compete fiercely.
In this competition, a few large companies are in an advantageous and monopoly position.
For example, there are more than 2,000 property liability insurance companies in the United States, and the top 10 account for nearly 50% of the market share; The same is largely true for life insurance companies.
Such an important area, of course, Abel will not let go.
In fact, the American Pacific Commercial Bank has its own insurance department.
To be exact, it is a subsidiary, and its name is American Pacific Commercial Insurance. ….
Pretty immediate, right? Who told everyone to be on the shores of the Pacific Ocean?
However, compared with the rapidly developing commercial banks, Pacific Bank's commercial insurance performance is very poor.
Abel's previous idea was to buy a large insurance company outright.
For example, in 911, the ones who lost a lot of money.
But after careful inspection, Abel found out.
In 911, the big insurance companies that really lost their lives.
All of them are insurance giants outside the United States.
Several U.S. insurance giants, like AIG, MetLife,
A financial and insurance group, etc., the amount of compensation is basically between hundreds of millions of dollars.
And those European insurance giants have lost billions of dollars, even billions of dollars...
Companies such as Munh Reinsurance, Swiss Re and Lloyd's of London are on the verge of bankruptcy.
What is even more exaggerated is that the vast majority of the policies that made these European insurance giants lose so much were bought a few months before the 911 incident.
And these policies were originally on those American insurance giants.
It's such a coincidence.
You say cow is not cow.
So Abel finally found that the insurance giants in the United States looked badly damaged, but it was only for the sake of seeming.
He couldn't buy any of them.
Even General Reinsurance, which has been screaming miserably, is one of Warren Buffett's insurance companies.
It lost more than $500 million.
Compared with those international giants, it is a drop in the bucket.
If Abel wants to buy it, he can only buy those few international insurance giants who have lost miserably.
The problem is that they are too expensive, and they all have a huge amount of debt, and it is not good for Abel's American strategy to buy them.
He had no choice but to give up.
And this time, if you can get three insurance companies from the Texas consortium at once.
The Pacific Commercial Bank's weak insurance sector will be able to make up for it immediately.
Like the banking industry, it can also make Pacific Commercial Bank suddenly become the hegemon of the insurance industry in the southwest of the United States.
That's why Abel, after hearing that he could really control these banks and insurance companies.
He would have agreed almost half of the reason in his heart.
Because of the Pacific Commercial Bank, if only I could eat these at once.
It's almost like Linghu Chong in the smiling rivers and lakes, while learning the Dugu Nine Swords, he also learned the Yijin Sutra.
It's not yet time to dominate the martial arts, but he will definitely become a peerless master in the martial arts!
Abel was already very excited, but he hadn't forgotten that the Texas consortium still had good things.
It is difficult to satisfy people's greed, but the greed of capitalists can be satisfied even more.
Abel is now a qualified capitalist.
After thinking about it, Abel looked at George, and he spoke softly:
"Is that all? It's a little bit better than what Davis Brown talked to me last time. But it's only a little bit better."
"Of course."
George shrugged and kicked a stone from the wooden deck of the small dock by the lake into the lake.
"Hughes 15%, Texas Instruments 20%, Tannick 10%, LTV 15%."
[To tell the truth, I've been using @
To George, three fingers were raised.
"I have three ideas. Or rather, demand."
George nodded, "You say."
"The first. I want you, or Herbert, to continue talking to them. It's always good to ask for a little more. and half of it will be given to the shrub family."
Can you still get this benefit when you are a middleman?
George couldn't have been happier.
He felt that the son-in-law of the third child was really good at doing things.
"No problem. I'll tell my father!"
It was obviously impossible to get George to talk.
He really didn't have that ability, he thought so himself.
Herbert is different, this is the true dragon of the Bush family. The shrub can have the current status, and he accounts for at least five successful labors.
Able nodded, and put one of his three fingers down.
With two fingers remaining, he continued:
"In terms of market value. Smith Capital was previously valued at $400 billion. But that's no longer the valuation. Not long ago, when Soros became a shareholder, the valuation was already $460 billion. This is recognized by everyone, and even Soros thinks so."
Soros and the capital behind him have officially invested in Smith Capital and joined this vested interest group headed by Abel.
At that time, Abel asked Soros to talk to Buffett himself.
I don't know what benefits Soros has done to these people.
In the end, the shareholders' meeting of Smith Capital agreed to let Soros join at a valuation of $460 billion.
Not the cap of $500 billion as Abel said.
George asked uncertainly, "What do you mean?"
"Davis Brown, if they want to join, the valuation of Smith Capital must also be $460 billion."
George thought to himself, since even Soros's scheming oilmen approve.
That generous Texan, there is no reason to refuse.
He nodded, "No problem, I'll let my father do it." I remember."
Able lowered his second finger, and only one remained.
"I hope that Mr. Alexander Smith will be the House of Representatives of Texas next year. staff."
Hearing Abel's three requests, finally one of them is his own domain. ….
George suddenly perked up, and he said with a smile:
"Even if you don't ask for it, we'll try to support Alexander. I love Alexander, he's a real Texan!"
Able shook his head, "We are us, they are them. George, my request is for the Texas consortium to support it. It's like supporting you to become the master of the White House, do you know what I mean?"
George wasn't really stupid, at most he was thinking a little slower.
He knew what Abel meant, which was a little different from what he had just said.
George's original intention was that the Bush family would also support Alexander's participation in the House of Representatives next year. member of the campaign.
But it's just the bush family, plus Smith's own power support.
Abel's demand is that the entire Texas consortium should support it, except for the shrubs.
In terms of dynamics, this is naturally different.
A bush family, just in Texas, is definitely not comparable to a Texas consortium.
"I understand." George nodded, "I'll tell my father about that, too."
George felt that Abel's last request might be the easiest to complete.
Just let Alexander be the talk of the crowd. Only.
And not to make him a state. Governor or Senate. Member.
The difficulty of the former, for their group. As long as everyone is willing to work together, it will not be difficult at all.
Texas has a large population and can elect more than thirty people. Member.
Space isn't too scarce.
State. Long and Chamber.
It's different.
State. Long only one Jeongju. Long and Lieutenant State. Long, both of them must be chosen.
Jeongju. The elder is the boss, the deputy state. The Governor is also the Speaker of the State Assembly and has a lot of power.
Senate. Not to mention that in some way this position is more than the state. Long is also important.
There are fifty states, and each state also has only two senators. Member.
This is already the core interest of each state, and the group itself will be half dead.
It's not something that can be traded.
Abel just asked for a council. So George thought it should be possible.
Able laughed and said, "That's easy. Ah, then I can be a real Texan, too."
Instead of being excluded by the Texas consortium and forming an independent Smith consortium.
In this way, there is already a prototype Smith consortium.
It will be on the basis of the existing media, energy, and finance.
All of a sudden, there is more military industry, which is extremely important in the United States and even in the world.
At that time, as long as the Smith consortium itself becomes strong.
The relationship between the Texas consortium and the Smith consortium.
It will be like the relationship between Morgun and the DuPont consortium and the Cleveland consortium.
After all, there is such a thing as a consortium, and it is not a company in a photo album itself.
Strictly speaking, it is actually a large group of capitalists and families, united.
Together, we control a large group of companies, and these companies integrate resources in all aspects.
In the end, it is just an interest group.
Divided into consortia and groups. It is also because of complex factors such as geography, bloodline, industry, etc., that the final formation of behemoths. ….
Like the Mahogon and Rockefeller, they are often compared to each other. But in reality, half of the two have merged.
This can be seen from the appearance of the Mahogon Chase.
Its predecessor was Manhattan Chase and Morgan Bank, of which Manhattan Chase Bank was one of the financial cores of the Rockfaeler consortium.
If it's a Texas consortium this time, it can really unite with Abel.
That would be the equivalent of a Texas consortium, which could fill their financial deficiencies at once.
At the same time, he got the Smith Consortium, a wide network outside of Texas.
For example, in the future, Davis Brown's gang will be able to interact with Buffett and them as allies.
And Warren Buffett and these people are equivalent to having a bunch of troops all of a sudden. Allies of the Composite Body.
Adding Abel as a buffer in the middle is good for both sides, and both sides will be happy.
The Smith consortium can also make up for the lack of regional influence at once.
Abel can also be regarded as half of the ticket to enter the military huo industry!
Again, to use martial arts as a metaphor.
is a martial arts master who was originally only good at internal strength and palm techniques, and suddenly got half of the Dugu Nine Swords Sword Spectrum.
After talking about business, whether it was Abel or George, it could be said that it was much easier.
At this time, night falls, and the sky is full of stars.
The unpolluted Texas sky, even without the moon, is just as beautiful.
It's December tomorrow, and the two of them are still sitting on the dock next to the big lake in the evening.
When the wind on the lake blew with cold air, George, who was not wearing enough, yawned again and again.
"Let's go back. Don't wait to catch you a cold."
Abel also felt a little cold.
But he has a good physique, and this level just makes him feel cold. Unlike George, it all looks like a cold.
"Okay. Ah Qiu~Ah Qiu~" George sneezed two more times, and the two began to walk back.
"How long are you on vacation this time?"
"Two weeks."
"I'm so envious
Mu you. To be able to take such a long vacation."
"No matter what time off, you have to work here as well. It's just a change of location."
"Haha~ That's the same."
You can also work when you are on vacation, so the vast majority of American white house owners will take more than 100 days off in office.
Back in the main building of the farm, it was about nine o'clock in the evening.
George went inside the warmth and still kept sneezing.
It seems that she really has a cold, which makes the Welsh lady complain for a while.
Abel was also shot.
But he didn't mind, Ms. Wales's complaint could be regarded as family.
Even Abel reckoned that the Welsh lady might have blamed herself in this way.
This can be regarded as a small means to get closer to each other and make everyone more cordial.
In psychology, this method also has a certain reputation.
George looked like he really had a cold.
In the Grand Commander's entourage, paid by the treasury, the personal doctor hired by the Bush family itself immediately appeared.
In the voice of the Welsh lady complaining about George, Abel laughed and left.
He went to the room he had been assigned here. ….
Smith Manor, which is more like a farmer's complex.
George's Crawford Farm is the quintessential Texas luxury villa.
The interior doesn't look like a farmer's building at all, and it's no different from the villas on the outskirts of Austin and Houston.
He's on vacation, and the Smith family's is a real farm.
Back in the house, Abel took out his phone, which he had spent two hours talking to.
In the past two hours, he has communicated with senior executives within the company, such as Alan Baker, Robert Iger, Michael Lyle and others.
I communicated with the members of the Smith consortium, like Warren Buffett, Soros, Bloomberg and others.
Abel revealed to them the possible alliance between the Smith Consortium and the Texas Consortium in the future.
It's kind of giving them a bottom.
This is if it is replaced by serious big conglomerates.
There is a level of cooperation involved.
It is absolutely impossible to have a large gathering of consortium members for at least half a month.
But now, the Smith consortium is a nascent consortium.
Although the scale assets are already huge, the number of members is not that large.
Other consortia are composed of more than a dozen, or even dozens of families.
If the Smith consortium is counted, count Buffett and them.
Now there are five families, including Smith, Bush, Buffett, Soros, and Bloomberg.
PNC Financial Group can't be counted.
It can only be regarded as a member of the company, and there are still many control families behind it.
In fact, Buffett and them are the same, but they at least have a nominee family on the surface.
No matter what Sullivenston says, he's just a super worker.
Because there are few members within the consortium, the combined shares of the members are less than one-third of Abel's.
The Smith consortium is naturally Abel's word, and everyone can only listen to what he says.
What's more, the news he brought is good news for any member.
If you hear it, you will only be happy, and naturally no one will object.
The dominant position in the consortium is what Abel has always insisted on.
Otherwise, then why did he bother to build this consortium?
In the end, it's not for profit? For his benefit?
Even the consortium itself, for him, has a main role to protect his own interests.
For him, or should I say for all the consortium leaders and families.
In fact, the consortium itself is just to maintain its own interests and compete for more interests
, condensing the created alliance group.
It doesn't matter if it's the dominant family or the franchise family.
Getting together to form a consortium, to put it bluntly, is the same as Abel.
It's all about profit.
A new thought