Chapter 171 Bank Choice (III)

Chapter 171 Bank Choice (III)

"Royal Bank of Scotland?" Lin Yu recalled all this and lowered his head to think deeply.

Seeing Lin Yu pondering deeply, Capps continued: "Although this bank is only a regional bank in Scotland in the UK, Royal Bank of Scotland has an advantage that the other two banks do not have."

"What's the advantage?" Lin Yu looked up at Capps and asked when he heard Capps say this.

"The advantage of Royal Bank of Scotland is that this bank has part of the issuance rights of the pound, which is very important to us," Capps said with a smile.

Lin Yu was shocked when he heard this. He didn't expect that such a regional bank would have the right to issue pounds. If Capps hadn't said it, Lin Yu would never have thought of it.

But thinking about it makes me feel relieved. Without part of the issuance rights of the pound, how could the Royal Bank of Scotland be able to make a fortune in the UK and finally break out of the UK and Europe?

However, our "king of mergers" is not famous yet, and now he is just a young man in his 20s. Therefore, the Royal Bank of Scotland is not very famous in the world. I believe that if it were not for the right to issue pounds, Capps would never have noticed this small bank.

Royal Bank of Scotland, founded in 1727, has a history of older than HSBC and Standard Chartered. It can be said that Royal Bank of Scotland is one of the oldest commercial banks in the UK. In 1969, Royal Bank of Scotland became the largest bank in the UK with 700 branches and 40 local market share. Despite this, it is known that the bank is still a regional commercial bank now.

From the history of the development of Royal Bank of Scotland, it can be seen that although the bank is a century-old store, its concepts and ideas are not conservative. It can not only adapt to the changes of the times in a timely manner, but also become a market leader. In 1969, Royal Bank of Scotland became the largest commercial bank in Scotland through mergers and mergers of Scotland Commercial Bank; in the 1980s, it successively established auto insurance companies, telephone banks, and online banks, making Royal Bank of Scotland one of the most dynamic banks in the UK; in the 1990s, it implemented the implementation of back-end business centralized processing projects, not only reduced the operating costs of the bank, but also improved the bank's profitability and market competitiveness. In 2000, through the acquisition of the National Westminster Bank, which is three times greater than itself, it entered one of the most respected commercial banks in the world.

As for the issuance rights of the British pound, we have to talk about the name of the Royal Bank of Scotland. Royal Bank, which was called Royal Bank at that time, must have a royal background or approved by the king. When the Royal Bank of Scotland was established, Royal Bank obtained part of the issuance rights of the British pound from the British government after hard struggle. Because of this, Royal Bank of Scotland has been acquired many times, but all failed due to the intervention of the British government. It can be said that if Lin Yu wanted to acquire this bank, he must be quick and not allow the British government to react. Therefore, the acquisition of this bank can be said to be more difficult than HSBC and Standard Chartered Bank.

After all, it is a bank with the right to issue pounds, and the British government cannot pay attention to it.

"Royal Scotland?" Lin Yu murmured to himself and suddenly said: "If we acquire this bank, how big is the chance?"

Capps thought for a while and said, "To be honest, this bank is not easy to acquire. In 1981, HSBC and Standard Chartered wanted to compete for the acquisition of Royal Bank of Scotland, but both failed under the veto of the British Monopoly and Mergers Committee. However, it is obvious that it is not a reason at all. The British government does not want the issuance rights of the British pound to fall into the hands of others. It will not have any impact on the British government in the hands of Royal Bank of Scotland. After all, it is just a regional bank, while HSBC and Standard Chartered are different. The strength of the two banks is unquestionable. If you get part of the issuance rights of the British pound, you can say that you will enter the ranks of large banks. In this way, there will be another consortium in the UK and Europe, which is not what the British government wants. Therefore, the possibility of our acquisition is not very high."

As expected, the British government will never sit idly by. If it wants to acquire, it will have to acquire quickly and not give the British government time to respond. This may be successful.

"But, boss, I don't agree with the acquisition of Royal Bank of Scotland." Lin Yu was still thinking, and suddenly, Capps said.

"Why?" Lin Yu was stunned and asked.

"I think if we can acquire Standard Chartered Bank or HSBC, then we can acquire one of these two banks. As for Royal Bank of Scotland, we can acquire one of the banks after acquiring one of them."

Lin Yu was puzzled and asked, "Why do we have to do this? We can completely develop Royal Bank of Scotland."

Capps smiled bitterly and spread his hands and said, "Boss, we need a British identity, otherwise even if we acquire it, it will be difficult to take action in the future."

Lin Yu was a little surprised when he heard this, but he didn't expect that Capps was thinking very comprehensively.

Identity is the most important point, especially in the proud English, who pay more attention to the glory of the empire and everything in the empire. Anyone without British identity takes away anything from Britain, I believe that it will arouse the anger of the entire English. It can be said that the English is a little sick in his heart.

Lin Yu's people have no identity in the UK, especially in the upper class of the UK. This will undoubtedly greatly hinder Lin Yu's future actions in the UK. If Lin Yu now has the title of a British royal knight or aristocrat, I believe everything will be easy. With Lin Yu's later knowledge, he will definitely be able to make a fortune in England, but this is just a thought.

"Acquiring Royal Bank of Scotland requires identity, so don't these two banks need it?" Lin Yu asked.

"Relatively speaking, the obstacles will be smaller. After all, the main businesses of these two banks are distributed overseas, Asia, Africa, America and other continents, but there are not many local customers in the UK. Therefore, relatively speaking, the resistance these two banks should not be greatly affected." Capps analyzed.

Lin Yu nodded while listening.

"Since that's the case, let's discuss it with Jason and others and let's start handling this matter. If you have a bank earlier, you will have protection sooner." Lin Yu said.

Chapter 171 The bank's choice (three,
Chapter completed!