American Legendary Life

Mobil Standard Petroleum, after passing Oman's mining plan, began to take action.

Various required machinery and personnel are also transported to the other side of the ocean through four freighters.

Regarding the operation and management of the Li Family Foundation, it was officially transferred to Ruilian, and Li Zitao had no plans to expand its capital in the next few years.

Through the relationship of the foundation, the American Trust Savings Bank, which was wholly-owned by Li Zitao, also engaged in business with Ruilian.

Although the management and operation of the foundation are transferred to them, the American Trust and Savings Bank will still act as the supervisor and have the right to supervise and audit the accounts.

At this point, Li Zitao is to prevent the funds from being annexed, the foundation is handed over to a third party, and assets have been internally embezzled.

There is greed in the bones of the capitalists. If you really let go and give them a chance, you will eventually be swallowed with no bones left.

Not to mention anything else, during World War II, the Jewish funds swallowed by Ruilian had about $5 billion.

When the Jews brutally killed in the camp, when their descendants requested it from Ruilian, they got the answer: ‘The camp did not give a death certificate, and it must be done by myself. ’

The corpse capital cannot be found. Can I get out of the ground?

And it’s ridiculous that death camps will be issued death proofs like that!

But for this reason, Ruilian embezzled tens of thousands of assets for a century, and had no results until Li Zitao crossed.

From this point alone, it can be seen that it is a fantasy to want the capitalist to speak of conscience, or to be careful, and don’t let him take advantage of the loophole will naturally save a lot of trouble.

In addition, Li Zitao is also trying to enter the Jewish circle, not simply socializing, but actually gaining recognition.

Ruilian's embezzlement of Jewish assets was a good opportunity for him.

In the recent period, Li Zitao has been fighting for Jewish depositors and wants more people to deposit their money into the American Trust Savings Bank.

In order to cater to the mentality of the rich, Trust Bank also set up a branch in Luxembourg to ensure the concealment of customer information.

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New York, the headquarters of Wells Fargo.

In the conference room, Jonathan, Juliana, Sanil and Li Zitao are engaged in a conversation before the business split.

"Sannier, the trust bank should focus on the customers as the industrialists. Any investment needs can be fulfilled through Wells Fargo Bank. Make this clear."

In accordance with the Banking Law of 1933, the operating nature of Wells Fargo will be changed to investment banking, and Wells Fargo-Chase will become a commercial bank.

The de-listed American Trust and Savings Bank is also a commercial bank, but it is not open to the public.

To say it, it is more like a private VIP bank.

It does not connect information with the outside, does not accept public deposits, and serves only a few people. All transactions and customer information are completely confidential.

Because it has been delisted, it does not need to be subject to market supervision. In addition to the existence of the Luxembourg branch, there is no need to worry too much about the Fed's supervision.

"Charlie, are we really going to be an investment bank?" After discussing the issue of trust banks, Jonathan and he talked about the operational nature of the choice.

"Do you think commercial banks are more secure?" Li Zitao asked back.

"Of course, no one can guarantee whether the future banking laws will relax the management conditions, and the financial market is subject to supervision, and how much impact it will have on it, we all need to take into account."

Seeing Li Zitao's thoughtful expression, Jonathan continued: "I received the news that JP Morgan decided to completely separate the investment business and the main body maintained the business model."

The choice of JP Morgan seems to be a big indicator for most financial institutions in this period.

Even he has chosen to continue to be a commercial bank. Others have become more cautious when choosing. Except for the company's focus or business that is completely inclined to the investment field and unable to transform, the choice of other institutions is biased towards commercial banks.

"Have you considered the consumption concept of American citizens?" Li Zitao, who was thinking about it, raised his head and asked a new question.

"In the 1920s, think about how crazy people were spending at that time. What was the effect of raising interest rates to 22% for major banks to save money?"

Hearing Li Zitao’s words, Jonathan said earnestly: “I know everything you said, but when the Great Depression comes, people will remember this lesson,

This is the latest business table of Wells Fargo, look at the increase in savings users. "

Jonathan took a watch from his front and handed it in front of him. The increasing depositor increase is the best explanation for his concerns.

"Jonathan, man is an optimistic, forgetful creature, our adaptability is very strong, maybe you only saw it, but not these."

Li Zitao hooked his hand to Ava behind him, and several reports were placed in front of them.

"This is the point of interest growth collected by think tanks in the past six months for Hualian and Golden Arch. In addition to the expansion, the growth rate at other times was only less than percent. www.readwn.com~ Li Zitao took up the report with a smile, pointing out With the rocket-like green line in the middle, said: "But from the third quarter of last year, the first quarter rose by 13%,

In the fourth quarter, the increase was 33%. In the first quarter just completed this year, the increase was as high as 62%. "

"Karma...are they crazy?" Jonathan said with a wry smile.

"Perhaps you should take the time to take a closer look at Waldorf's business, and you will find that the market is returning to activity and will only get better in the future."

Li Zitao admits that commercial banks are more secure, have relatively high liquidity and security, have strong anti-risk capabilities, and receive less policy interference.

But he has to consider the interests of the entire group. Wells Fargo is more inclined to the investment banking field, which is beyond doubt.

Traveler's cheques and rich country centurion cards, as well as the ongoing billing system, these are the main sources of income for rich countries.

Manhattan Chase Bank has always focused on the field of commercial banking and has a good reputation and recognition in the hearts of citizens.

When it is necessary to clarify the nature of business, of course, we must choose the areas in which we are good at and continue to move forward.

"The Service Department and the Financial Investment Department have officially entered an independent operation mode from today. The Service Department is still under the responsibility of Jonathan. The Financial Investment Department, after unanimous decision of the board of directors, will be Juliana as CEO."

Although Juliana was the head of the investment department, she was only the manager of the investment department, and Jonathan was the CEO of Wells Fargo.

But in terms of position, Juliana is one level lower than Jonathan, and after the new appointment, the two will become equal in the future.

The Service Department and the Financial Investment Department will completely become two independent operating departments, responsible for their own profits and losses, and are directly responsible to the Board of Directors.