Chapter 423 Bank for International Settlements
When the old fox Charles Morgan heard this, he also said with a smile on his face:
"Yes! It just so happens that Alvin is also here, and the three of us can come up with a charter, but here, I also want to explain it. It is not a big problem to ask the local government to guarantee the construction of the highway with tax revenues.
However, it is certainly unrealistic to ask the local government to deposit the same amount of tax as the loan amount into the bank that provided the loan. We must be clear about this first.
After all, this is a right that only someone else's central bank has. Besides, if the local government had so much tax money to put into the bank, there would be no need for them to let us take out loans to build the road. ”
In just a few words, Fang Lang's wishful thinking was directly knocked down to the mortal dust, allowing everyone to return to reality.
There is even a deliberate attempt to weaken the importance of this bank.
Hearing this, Fang Lang flicked the cigarette ash on his hand, and smiled quietly:
"Mr. Morgan is right, I just said it casually. But that doesn't mean we don't have the opportunity to use this to connect with central banks.
As long as we can establish a relationship with the central banks of various countries, does it mean that we have the qualification to enter the country to engage in financial business?
In the upcoming European aid program, with this qualification, does it mean that we can directly provide loans to other industries in various countries, and what this means, I think everyone knows exactly what it means?
These are the most basic financial operations, and what I'm concerned about is that once this bank has a connection with the central banks of these countries at the same time, it means that there is a really big business that is open to us. ”
Fang Lang's meaning is very simple, if you Morgan want to reduce the importance of this bank, I will increase his importance and not give you easy control of this bank.
But the real big business he said in the end still attracted everyone's attention, and Avery Morgan and Halken Morgan both looked at Fang Lang in surprise, a little confused about what the other party was talking about.
And after the cunning Charles Morgan heard Fang Lang's words, a gleam flashed in his eyes, and he seemed to have guessed.
Alvin Rockefeller was always smiling and said to Fang Lang with a smile:
"Haha. Fang, it looks like you've got a better idea again, which is really great. It's better for you to come forward and form this bank!
I fully believe in your business acumen, and I'd like to merge our Chase Manhattan Bank into it and join you in this program, what do you think? ”
I have to say that Jiang is still old and spicy, and as soon as Alvin Rockefeller's words came out, not only did Fang Lang's jaw drop in shock. It also stunned several members of the Morgan family.
The Morgan family, which was still thinking about becoming a major shareholder to control the bank, was kicked out of the organizational power by Rockefeller's words in a blink of an eye, how could this be otherwise, the Morgan three gritted their teeth.
As for his proposal to merge his family's Chase Manhattan Bank into this bank, he obviously wants to get enough shares and a voice.
Before Fang Lang could answer, Halken Morgan on the side couldn't help it and took the lead in speaking.
"No, the financial industry is the main business of our Morgan family, and we are professional in opening a bank, and the organization of this bank must remain in the hands of our Morgan family."
Hearing this, Fang Lang and Rockefeller both frowned, but Alvin Rockefeller quickly smiled and turned his gaze to Fang Lang.
A look of only the way to go.
Of course, Fang Lang would not easily believe Alvin Rockefeller's words, this was obviously the other party's plan. If the Rockefeller family had merged Chase Manhattan Bank into it, how could they have gained control of the bank?
Not to mention the current Global JPMorgan Bank, Fang Lang is only the majority shareholder, owning 70% of the shares, and the other 30% is still in the hands of the Morgan family.
The Brazilian Development Bank, which is far away in Brazil, has developed very well in the past two years, but Brazil is not the United States, and the volume has always been there, and if it is incorporated into this project, it is obviously not comparable with the Rockefeller family's Chase Manhattan Bank.
Therefore, don't say that the Morgan family will not agree to this plan, even Fang Lang will definitely not be able to accept it.
But Alvin Rockefeller's position still made him very satisfied, after all, there are three people in the Morgan family here, and there are only two of them together.
The casual Fang Lang's gaze swept to the huge table clock in the room, and the time had already reached half past two in the middle of the night. I looked at the others who still seemed to be in good spirits.
Sighing helplessly, he said:
"Guys, I know what you're thinking, you're all wanting to get more shares, but it's not too early. Can you be open and honest and show a little sincerity?
Don't waste everyone's time. ”
After speaking, his eyes swept over the room again, and when he saw that everyone was waiting for you to speak first, he said helplessly:
"Alright! Since everyone is reluctant to speak first, let me speak first!
First of all, I would like to thank Mr. Rockefeller for his kindness in allowing me to come forward in organizing. But as you know, my main business is the military, and I don't have much time to manage specific businesses.
So, here I would like to say sorry to Mr. Rockefeller, I am certainly not suitable for the organizer of this bank. Although what Mr. Harken Morgan said is not very good, I have to admit that the Morgan family is indeed a real expert in the financial field.
Therefore, as for the specific management of this bank, my opinion is that the Morgan family is in charge. ”
After speaking, he glanced at Alvin Rockefeller, and saw that he was slowly filling his pipe with tobacco with his head down, as if he hadn't heard Fang Lang's words.
But Fang Lang knew that the other party must also agree with his point of view, after all, he did not refute it.
When Harken Morgan and Avery Morgan heard Fang Lang's words, they were all happy, and only Charles Morgan, the old fox, was still waiting for Fang Lang's next step.
"But since everyone is working together, at least fairness must be guaranteed, so my opinion is that the proportion of shares should be distributed according to 30 percent of each company, and the remaining 10 percent will be used as an equity reward for the future management of the bank.
Of course, since it was decided to hand over the bank to the Morgan family, the Morgan family could also own the shares. ”
After Alvin Rockefeller heard Fang Lang's words, he lit a cigarette for himself with a match, and looked at Fang Lang and the Morgan family from the corner of his eye.
found that Fang Lang's gaze was looking at him, his eyes were very clear, and he had a clear expression of conscience.
And several members of the Morgan family frowned a little, obviously not satisfied with Fang Lang's distribution plan, and even Halken Morgan's eyes stared at Fang Lang fiercely.
Just at this glance, Alvin Rockefeller already had a rough idea in his heart, regardless of whether the previous people had reached an agreement on the distribution of shares.
Now Fang Lang's proposal is definitely not the Morgan family's proposal.
This made him feel a little relieved, and from the fact that he took the initiative to push Fang Lang out to organize the establishment of the bank, it can be seen that he is not very interested in the control of this bank, or he is not very sure.
After all, this time he was able to participate in this meeting, which was also Fang Lang's invitation, and judging from what happened, this was also Fang Lang's temporary intention. As a guest, he has the opportunity to participate in it, and he has already made a lot of money.
So, he never thought about earning that control. He also knew very well in his heart that this control was not something he could fight for if he wanted to.
Fang Lang's distribution ratio is quite satisfactory to him.
Now Fang Lang's eyes looked at him, obviously wanting to get support from him, and after understanding that Fang Lang did not partner with the Morgan family to deal with him, he took a puff of cigarette and gave Fang Lang a reassuring look.
Only then did he look at the expressionless old fox Charles Morgan, and said slowly:
"Mr. Charles Morgan, I think what Fang Lang said is very reasonable, and I take his opinion."
Charles Morgan, whose eyes narrowed slightly, looked like he was tired and a little sleepy, heard this, a gleam flashed in his eyes, and he did not speak.
Harken Morgan on the side stared at Fang Lang's face tightly, and said very dissatisfied:
"Fang, our Morgan family is not thin on you, and has just agreed to transfer 10% of GE's shares to you, and has promised to support your Nice company's grain export business.
I can't believe that you will stand with the Rockefellers and betray our Morgan family. ”
These words made Fang Lang frown, he really didn't understand how a person like Halken Morgan became the chairman of Morgan Company, even a bank employee with a little emotional intelligence, it was impossible to say such a thing!
He didn't want to discuss these boring questions with the other party very much, but since the other party opened his mouth and Charles Morgan didn't interject, he didn't be polite, and said directly:
"Mr. Harken Morgan, please make it clear that I was not the first to betray our friendship, and if I remember correctly, our original agreement was that the Morgan family would assist me in winning the grain export project of the European aid program!
And the shares of General Electric are compensated by Mr. Charles Morgan. ”
After hearing Fang Lang's words, Harken Morgan looked dissatisfied and wanted to continue to refute, but Mr. Charles Morgan, who had not spoken out, finally opened his eyes and glared at Harken Morgan fiercely before laughing and said:
"Haha. Fang, don't mind, Halken is just talking in anger. I am sure that our friendship will continue forever. As for your proposal, I think it's appropriate, and I couldn't agree more.
But now there is a small problem, if we set up a new bank now, it will appear to be too purposeful, and it is easy to arouse the vigilance of European countries.
I have a new proposal, you guys think about it and see if it works. ”
Fang Lang and Rockefeller glanced at each other before looking at Mr. Charles Morgan and said:
"Oh! I don't know if Mr. Charles Morgan has any new proposals, but please feel free to put them forward, and I will be sure to hear them. ”
After hearing Fang Lang's answer, Charles Morgan did not answer immediately, but continued to look at Alvin Rockefeller on the other side.
The eyes of the two met in the air, and a spark was detected.
"If Mr. Morgan has any good proposals, please don't hide it, just say it."
After receiving affirmative answers from the two, Charles Morgan said unhurriedly:
"I don't know if you've ever heard of the Bank for International Settlements."
Alvin Rockefeller had obviously heard of the bank, so he nodded without hesitation.
Fang Lang was slightly stunned, Fang Lang had really heard of this bank, after all, this bank was responsible for the currency clearing business between EU countries. All foreign exchange investors should have heard that this bank is responsible for the settlement of these foreign exchange transactions internationally.
But if he remembers correctly, the bank was supposed to be an OECD settlement agency in the first place! The OECD was founded in the sixties and seventies, so it doesn't make sense that there was already a Bank for International Settlements at this time?
Charles Morgan seemed to see Fang Lang's question, and thought that the other party had never heard of this bank, so he explained:
"After the end of World War I, Germany, as a defeated country, was required to pay war reparations to the victorious countries. This has been the responsibility of the Reparations Commission.
It was not until 1930 that after repeated communication and struggle between our Morgan family and the League of Nations, an international agreement was signed at the Hague Conference in the Netherlands, and it was decided that our Morgan Bank would organize some American banks, such as Citibank in New York, Citibank in Chicago, etc., and the central banks of Britain, France, Italy, Germany, Belgium, Japan and other countries to establish the "Bank for International Settlements".
In accordance with the agreement reached between the governments of Britain, France, Belgium, Germany, Italy and Japan and the Swiss government, Switzerland undertakes to issue a CCB charter to the Bank for International Settlements, which stipulates that the Bank for International Settlements has the status of an international legal person and is exempt from taxation, that the Swiss government will not expropriate, seize or confiscate the property of the bank, that it will be allowed to import and export gold and foreign exchange, and that it will enjoy diplomatic privileges and immunities.
The role of this bank was to replace the original Reparations Commission, to carry out the distribution of reparations to Germany and to supervise German finances.
But with the outbreak of World War II, the bank had ceased to exist in name only.
So, to make our purpose less visible, I think we can put this bank back to use. ”
Fang Lang, who heard this explanation, couldn't help but be a little dumbfounded, but he didn't expect that this bank had been established as early as 1930, and was also responsible for the distribution of German reparations.
Indeed, it was not until 1961 that the Bank for International Settlements (BIS) became a settlement agency among the member countries of the Organization for Economic Co-operation and Development, and its purpose gradually changed to promote cooperation between central banks, facilitate international financial operations, and accept or act as agents for international settlement operations.
He has successively acted as an agent for exchange guarantees from the central banks of the member states of the European Economic Cooperation Organization (OECD), as trustee of the European Payment Union and the European Coal and Steel Community, and as an agent of the European Monetary Cooperation Fund established by the member states of the European Community. The Bank for International Settlements (BIS) is not an intergovernmental financial decision-making body, nor is it a development assistance agency, but is in fact a bank of Western central banks.
Clearly, Charles Morgan meant to buy up the bank, which no longer had its original function, and use his close ties with central banks to carry out their plans directly.
Alvin Rockefeller glanced at Fang Lang, who was shocked, and glanced at the other party, and Fang Lang nodded knowingly. Say to Charles Morgan together:
"Good!"
(End of chapter)