Chapter 323 "Royal Charter" Royal Bank of Scotland

Royal Bank of Scotland is a multinational bank headquartered in Edinburgh, Scotland. If calculated based on market funds, Royal Bank of Scotland should be the largest bank in Scotland, the second largest bank in the UK, the third largest bank in Europe, and the fifth largest bank in the world. Of course, the premise of these reputations is after entering the 21st century.

Royal Bank of Scotland is one of the issuing banks in Scotland and one of the British pound banking banks. It has part of the issuance rights for the British pound. As of the end of December 2008, the total assets of Royal Bank of Scotland reached US$350.09 billion, which is why Royal Bank of Scotland was able to enter one of the largest banks in the UK.

This is also the biggest advantage of Royal Bank of Scotland. Although Royal Bank of Scotland is not a famous bank in the UK now, its status in the hearts of the Scottish people does not have to be low in the Bank of England, and it is even much higher. Moreover, being able to sing the word "Royal Bank of Scotland is itself a kind of affirmation of Royal Bank of Scotland.

However, the shortcomings of Royal Bank of Scotland are also very obvious, that is, the current Royal Bank of Scotland is too poor. In the ranking of British banks, Royal Bank of Scotland can only be said to be ranked among the middle and lower reaches, and does not have the reputation of the future generations in the world at all.

It can be said that it is the most appropriate time to acquire Royal Bank of Scotland now, because in 1981, HSBC and Standard Chartered Bank competed to acquire Royal Bank of Scotland, but failed under the veto of the British Monopoly and Mergers Committee. However, even so, Royal Bank of Scotland was greatly damaged. Now is the best opportunity to acquire Royal Bank of Scotland. To be honest, Lin Yu is still very envious of Royal Bank of Scotland. For nothing else, it is because of its huge impact on the private sector. It is not comparable to HSBC and Standard Chartered Bank in Asia. After all, it also has the word "Royal", which is indeed not comparable to ordinary banks.

If the advantages of the Royal Bank of Scotland were transferred to HSBC or Standard Chartered Bank, Lin Yu would definitely acquire one of the banks without considering it. You should know that the Royal Bank of Scotland is a bank with a proud tradition and a smaller balance sheet. The pride of the Royal Bank of Scotland is that the bank received a royal charter issued by King George I in 1727.

Speaking of royal franchise, few people should know about it now. Speaking of the existence of this royal franchise, we have to go back to the 1630s.

The Royal Charter, in short, is the regulation of regulating publishing activities issued by many kings in the late British feudal rule, starting with Henry VIII and then many kings. At that time, it was just to regulate publishing activities.

After the introduction of printing in 1476, Britain had more than 30 printing places by the early 16th century, mainly printing books and pamphlets. With the development of the religious reform, the anti-feudal and anti-old religion components of the printed items increased day by day, which caused uneasiness and fear among the feudal rulers at that time. For this reason, the feudal dynasty successively adopted various measures to control printing and publishing. At the beginning, it only cracked the list of banned books to suppress the printing and publishing industry. In 1538, a royal franchise system was formally issued, stipulating that all publishers must obtain royal licenses, otherwise they would be prohibited from operating. This is the predecessor of the royal franchise system.

Later, Queen Mary ordered the establishment of a Royal Chartered Publishing Company, stipulating that only publishers licensed by the Queen can become members of the company, and only company members and other licensees can engage in printing and publishing.

In 1570, Queen Elizabeth independent of the Senate Judicial Committee as the "Star Court" to strengthen feudal rule. In 1586, the Star Court issued a special decree to strictly regulate publishing activities, which stipulated that all printed materials must be registered with the Royal Publishing Company; except for the City of London, printing is prohibited except for Oxford and Cambridge University; printing is required to request permission in advance for printing any publication; the Royal Chartered Publishing Company had the right to search, seize, confiscate illegal publications and arrest suspects, etc. This decree was implemented until the outbreak of the bourgeoisie, and later it was followed by the Cromwell regime and the restoration regime of Charles II, and its impact on the British publishing industry lasted for more than a century.

This is the predecessor of the royal franchise system, but after the development of time, the royal franchise system of the British royal family began to be used in many industries.

In the banking industry, the first bank to have a royal license was the Bank of England. On July 27, 1694, the King of England issued the Royal Charter of the Bank of England, and the first modern bank was born.

The Royal Bank of Scotland also obtained the Royal Charter issued by George I in 1727, which is also the biggest advantage of the Royal Bank of Scotland in the UK and even the entire Europe, the whole world.

However, regarding the royal franchise system, the academic community generally believes that the franchises and cities in the Middle Ages promoted the development of commerce and promoted commerce to become an important force in dismantling the feudal system. This value judgment exaggerated the role of the franchises to a certain extent and exaggerated the opposition between commerce and feudal systems. In fact, commerce has always been an important part of the feudal system and feudal economy. The franchises were promulgated from top to bottom by the king or lord, but only provided some necessary conditions for the smooth progress of commerce. The purpose of issuing the franchises is to limit commercial activities to a certain extent, that is, the so-called "promotion" of commerce must be based on the premise of "restriction".

In fact, the royal franchise, to put it bluntly, is that the royal family gives them a franchise because it can make money for the royal family. This is the way state institutions use to make money, by levying taxes on merchants and granting them privileges to charge fees. Therefore, this is actually a transaction, and the state sells its reputation to the company.

This kind of behavior is not much different from two people doing business. The biggest difference is that one party represents the country, while the other party only represents the individual.

Lin Yu's biggest focus on Royal Bank of Scotland is that he has taken a fancy to this point of Royal Bank of Scotland. It is also this point that Royal Bank of Scotland developed so quickly in the UK and even Europe and became one of the largest banks in the world.

If Standard Chartered Bank also has a royal license, Lin Yu would definitely choose Standard Chartered Bank without hesitation. It can be said that the two banks now have their own advantages and have great development potential.

Did God ask me to acquire all these banks? Lin Yu couldn't help but think of it with whimsical thoughts, but then he was a little troubled. If God really asked me to acquire these banks, then my current money shouldn't be enough.
Chapter completed!