Chapter 169: Bank Choice

Chapter 169

Lin Yu smiled bitterly, you said that there are not many large banks, how could I buy them? I didn’t think about it. If it could be bought, those big consortiums would have acquired them long ago, so how could they be left for us to acquire them?

Lin Yu carefully recalled the famous banks of later generations, such as Citibank, Chase Bank, HSBC, and Bank of America, needless to say, they are definitely controlled by big families or large consortiums. Lin Yu absolutely has no chance to get involved in these banks. Besides, even if he gets involved, he probably only has one or two percent of the shares. For this amount of shares to offend a big family or large consortium, he will basically not do this as long as he is not a fool, and Lin Yu is not a fool.

Lin Yu is not very familiar with the banks in Europe and the United States. The only few who know about it are also controlled by others. The more he thinks about it, the more helpless he feels. Lin Yu looked up at Capps and saw that Capps was looking at his smile. Lin Yu felt his heart moved and asked, "Do you have any good ideas?"

Capps smiled and said, "You can't say that there is no, it's just not very detailed yet."

Hearing that there was, Lin Yu hurriedly said, "Let me tell me, if it is appropriate, then we will improve this plan in the future."

Capps lowered his head and thought for a moment and said, "I have been thinking about the banking issue a long time ago. So far, I can only say that there are only two ideas. One is to start with a slightly larger bank. However, this difficulty is not impossible. The other is to start with a bank with weak strength. This should be said to be very likely."

"Didn't you say you want to acquire a large bank?" Lin Yu asked in confusion.

Capps smiled bitterly when he heard this, saying, "Boss, why are there so many big banks?" He paused and continued, "Buss, if the two methods I mentioned were successfully implemented, even if they could not catch up with large banks, they would be enough to surpass those medium-sized banks. It would be enough to drive our development in the early stage, and the rest would have to develop slowly in the future. If it develops well, it is still very likely to become a large bank."

Hearing him say this, Lin Yu became interested and said, "Oh? Tell me specifically."

"The first type is to start with slightly larger banks. Although such banks are not strong enough, they have a lot of background. If such banks can be acquired, it will be of great benefit to the future development of banks." Capps said.

"Then are there any good choices?" Lin Yu asked.

Capps pondered for a moment and said, "There are a few good banks." After a pause, he continued under Lin Yu's expectant look: "One is Standard Chartered Bank of the UK and the other is HSBC. Although these two banks are not strong enough, they still have some background, so they are pretty good."

"Standard Chartered Bank is headquartered in London and is a British bank. Although Standard Chartered Bank is not a large bank, its foundation is good, especially in Asia and Africa. Standard Chartered Bank has a great influence. However, the bank's main business is mainly concentrated in some developing countries such as Asia, the Indian subcontinent, Africa, the Middle East and Latin America, and has little influence on developed countries, so the advantages and disadvantages are relatively obvious. Although Standard Chartered Bank is a bank in London, England, but it has not many local customers in the UK. From this we can see that Standard Chartered Bank has its influence on Europe."

"However, the benefits of acquiring Standard Chartered Bank are also very obvious. Not to mention its influence in developing countries, Standard Chartered Bank has part of the issuance rights in Hong Kong dollars, and most importantly, Standard Chartered Bank's parent company Standard Chartered Syndicate Co., Ltd. is one of the constituent shares of the Financial Times 100 Index."

After Capps said that, he looked at Lin Yu and saw Lin Yu sitting there quietly, not knowing what he was thinking.

In fact, when Capps said the name of Standard Chartered Bank, Lin Yu recalled the relevant matters of Standard Chartered Bank in his mind.

Standard Chartered Bank was also known as Standard Chartered Bank and Standard Bank in later generations.

As Capps said, Standard Chartered Bank is a bank with a long history, and its history can be traced back to 1853.

In 1853, under the concession of Queen Victoria, Standard Chartered Bank was established in London and then developed rapidly. Five years after the bank was established, it opened branches in Kolkata, Mumbai and Shanghai one after another. Then in 1859, the Hong Kong branch and Singapore branch were established respectively. Lin Yu carefully studied the growth of Standard Chartered Bank for a long time.

It can be said that the development of Standard Chartered Bank is a miracle. The number of branches around the world is increasing rapidly every year. In the early 1900s, Standard Chartered Bank entered New York and became the first foreign bank to be allowed to conduct business in New York.

You should know that New York is the largest city in the United States. In New York, there has never been a shortage of rich people. There are banks in places with rich people. This sentence is exactly what New York is talking about. It can be said that the number of banks in New York alone accounts for one-tenth of the number of banks in the country. Therefore, the establishment of the New York branch of Standard Chartered Bank can be said to be very unpopular. Many people are speculating how many days Standard Chartered Bank can open in New York.

However, to everyone's surprise, Standard Chartered's New York branch did not collapse quickly, but gradually developed. Although it was nothing compared to those big banks and Standard Chartered's branches in other places, it was enough to make everyone look at it.

After World War II, Standard Chartered Bank declined for a while, but after World War II, it miraculously responded quickly and acquired Oriental Bank in 1957, thus gaining its branches in Aden, Bahrain, Cyprus, Qatar, Lebanon, Beirut and the Arab Barrier Emirates, thus greatly increasing its strength.

Standard Chartered Bank opened several branches in Africa between 1890 and 1910, but during World War I and World War II, it was closed due to business difficulties or war reasons. After World War II, Standard Chartered Bank continued to increase the number of branches in Africa. By the mid-1950s, Standard Chartered Bank had nearly 600 branches and offices in Africa.

Thinking of this, Lin Yu became connected. It seems that Capps valued Standard Chartered Bank for some reasons.

You should know that as a bank with great influence on Africa, Standard Chartered Bank definitely has many mining rights in Africa. Even the oil mining rights may be Standard Chartered Bank.

Standard Chartered Bank's further expansion and great strength will be after the 1960s.

In 1965, after merging with the former British West African Bank, Standard Chartered further expanded, but in 1969, Standard Chartered's strength increased significantly.

In 1969, Standard Bank and Standard Chartered Bank merged to form Standard Chartered Stock Listed Company, followed by Standard Chartered's acquisition of the British Hodge Group and Wallace Brothers Group.

After the establishment of Standard Chartered's stock listed company, its branches spread across Europe, Argentina, Canada, Panama, Nepal and the United States.

Standard Chartered's acquisition of three U.S. banks, including United Bank of California, gave Standard Chartered the opportunity to enter Brazil and Venezuela.

It can be said that Standard Chartered is now a large bank, but because of its low influence in developed countries, it has been eliminated from the ranks of large banks. However, even so, as a large bank with a long history and profound heritage, Standard Chartered Bank has a wide influence around the world.

You should know that although the wealth of the whole world is in Europe and the United States, most of the world's population and resources are distributed in developing countries. Therefore, Standard Chartered Bank is enough to attract people's attention.

However, what Lin Yu valued the most was the right to issue Hong Kong dollars owned by Standard Chartered Bank. It is the right to issue a currency. Although it is only part of it, it is enough to show its strength. At least in some cases it can affect the Hong Kong government. Just like the famous saying of the Rothschild family: As long as I can control the issuance of a country's currency, I don't care who makes the law.

Although this sentence is not completely correct, it also correctly illustrates the importance of the right to issue currency.

You should know that in order to snatch the right to issue the US dollar from the Federal Reserve, the US government has sacrificed several presidents one after another, but without exception, the sacrifices of these presidents are of no significance.

Although the Hong Kong dollar is just a currency in a region, it is necessary to know that Hong Kong's status in the world, especially for the United Kingdom and China, Hong Kong is undoubtedly important.

Although he knows his influence and development level in later generations, Lin Yu is still unable to determine whether this bank can influence developed countries.

After thinking about it, but having no clue, Lin Yu shook his head gently, raised his head to look at Capps, and asked, "Where is the other bank?"

"The other bank is HSBC. The full name of HSBC Bank is HSBC Bank in the UK. It is also a long-standing bank with headquarters in London and affiliated with HSBC Group. As for the strength of HSBC Group?" Capps pondered for a moment and continued: "The strength of this HSBC Group is considered to be good. It has affiliated institutions in many developed and developing countries such as Europe, Asia-Pacific, America, the Middle East, Africa, especially in London, the United States, Paris and Bermuda. Like Standard Chartered, HSBC also has part of the issuance rights of Hong Kong dollars. However, although HSBC is very strong, it has shortcomings compared with Standard Chartered. The main reason is that HSBC's shareholders are too chaotic, with about 200,000, distributed in more than 100 countries and regions, which is also very troublesome."

Hearing this, Lin Yu frowned. The distribution of this shareholder is too scattered. Could it be that it is controlled by a certain family?

Thinking of this, Lin Yu looked up at Capps and asked, "Is there any possible bank controlled by a certain consortium?"

Chapter 169: Bank Choice,
Chapter completed!