Chapter 170 The bank's choice

Chapter 170 The bank's choice

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

Capps frowned when he heard this and said, "It's unlikely. I haven't heard of anyone controlling or controlling HSBC."

"Is it to prevent others from acquiring?" Lin Yu thought.

In fact, Lin Yu's idea is right. The reason why HSBC Bank and HSBC Group dispersed their shares was to prevent them from being acquired by a certain force.

The name HSBC Bank was well-known in later generations. Not to mention anything else, the reputation of HSBC Bank in Hong Kong is worthy of Asia.

HSBC is a well-known internationally established bank with branches all over the world, including China, and its headquarters is in London.

Hong Kong and Shanghai HSBC Bank Co., Ltd. is a wholly-owned subsidiary of HSBC Holdings Co., Ltd., a founding member of HSBC Group and a flagship in the Asia-Pacific region. It is also the largest registered bank in Hong Kong and one of the three major banknote issuing banks in Hong Kong.

In fact, the establishment of HSBC was originally intended to provide financing and settlement services to companies engaged in trade with China. It was established in 1864. At that time, Britain was also known as the "Empire of Sun Never Setting". After the Opium War, China's portal was opened and Western powers rushed to expand their economic interests in China. At that time, a group of British merchants in Mumbai, India established the Royal Bank of China, trying to control the Far East market, which of course would arouse dissatisfaction among foreign merchants engaged in trade with China in Hong Kong. In order to compete with the Royal Bank of China, they decided to set up their own banks. After half a year of preparation, HSBC was officially established in Hong Kong in 1865. Then HSBC Shanghai HSBC Branch was established in the same year.

The origin of the name HSBC also mentions Mr. Zeng Jize, a diplomat of the Qing court at that time. In 1881, Zeng Jize wrote an inscription for the bank's banknotes, including the two words HSBC. From then on, the Qing court and society called it HSBC Bank.

During World War I and World War II, HSBC was affected to varying degrees, especially after the outbreak of the Pacific War, the Japanese army took over the then HSBC branch in its occupied areas, resulting in most of HSBC's business being forced to stop and even to the point of bankruptcy. On January 13, 1943, the British Privy Council ordered HSBC to move its headquarters to London, which allowed HSBC to continue to operate.

After the end of World War II, HSBC quickly resumed its business in full swing. In 1946, it moved its headquarters back to Hong Kong, but retained its headquarters in London. In March 1947, almost all HSBC branches around the world were able to resume business. It has to be said that its strong strength and strong abilities.

In 1959, HSBC acquired the Middle East Bank, the largest foreign bank in Arab region, which was built in 1889, expanding HSBC's network to the Middle East, especially the UAE.

Saudi Arabia and Iran merged India's oldest bank, India's Commercial Bank, in the same year, acquired shares of Hang Seng Bank, the second largest bank in Hong Kong in 1965, acquired shares of Haifeng Bank, 51, the 17th largest commercial bank in the United States, and then acquired shares of Carol McCenti, the main dealers of US fiscal bonds in 1983. It can be said that HSBC's series of actions are enough to make it join the ranks of large banks, but the problem lies here. Although the acquired banks have made their strength soar to a certain extent, they also left hidden dangers after overeating.

To date, the United States Haifeng Bank acquired by HSBC has not made much progress. Although HSBC's strength has soared, as a quasi-large bank, it does not have the right to issue currency in any country, which has to be said to be a regret.

Thinking of this, Lin Yu shook his head. In comparison, a country's currency issuance right is the most difficult to solve. With the right to issue currency, especially the right to issue currency in developed countries, even if the bank is relatively small, it can still develop. However, without the right to issue currency, it can only be considered a quasi-large bank.

Looking up at Capps, Lin Yu asked, "For these two banks, which one do you think is more beneficial to us?"

Capps lowered his head and thought for a while, and said, "I think Standard Chartered is more beneficial. Compared with HSBC, Standard Chartered has a stronger influence in the UK and the United States. Although it is not much stronger, it is better than not. In addition, Standard Chartered has an advantage, that is, Standard Chartered was established with the approval of Queen Victoria, which is a great advantage. You should know that in the UK, it pays great attention to aristocraticism. Standard Chartered has a great advantage in this regard. This will still have great benefits for our future development and expansion."

Upon hearing this, Lin Yu nodded. It is true that the people of European and American countries attach great importance to the reputation of a company Standard Chartered Bank is a world-class big bank. After it was named a noble bank, it is believed that it will be more popular among the people of Europe and the United States.

Although I think this way, Lin Yu still thinks it is better to ask professionals. After all, neither he nor Capps are professionals in this field.

After thinking about it, Lin Yu continued to ask: "You just said you can start from a younger bank. How do you say this?"

Capps said with a wry smile: "I thought of a bank, but I think the possibility of acquisition is not very high."

Lin Yu was really interested when Capps said this. When Capps just said that, Capps didn't say that when they were HSBC and Standard Chartered, they now say such words to a small bank, which shows that this small bank is not so small.

"Oh? What bank?" Lin Yu asked interested.

Capps thought for a while and gently spit out a name.

“Royal Scotland.”

Lin Yu was shocked when he heard this bank. Lin Yu was very familiar with this bank, but he was familiar with this bank because of his name.

Fred Goodwin Lin Yu knew that this bank was because of this name.

Speaking of Fred Goodwin, we have to mention his title of "M&A Master".

This British banker, who won the title of Forbes business figure in Lin Yu's previous life, once swallowed the fourth largest bank in the UK, National Westminster Bank, which is more than three times larger than his size in 2003 for US$34.2 billion. Since then, the merger of Royal Bank of Scotland has never stopped, and the industry calls him a "mover and acquisition master".

Fred Goodwin can be said to be the Royal Bank of Scotland who is very heroic and paying attention to color. Under his leadership, RBS grew from a 275-year-old Scottish regional bank to the fifth largest bank in the world with an asset scale of US$70 billion. It can be said that Goodwin himself is a legend.

"Bank of Scotland?"
Chapter completed!