Chapter 573 The establishment of Pan American Bank

As early as after the London robbery operation, Li Zhiyang had warned Bernard to return the money he had cheated from others slowly and for various reasons...

Because this financial crisis will be unprecedented, the consequences of this financial crisis will be that many developed countries in Europe and the United States will find it difficult to recover within a few years.

So it is better to act in a low-key manner in recent years. Moreover, Bernard is almost seventy years old, so why are he trying to do something?

If he continues to cheat like this, the final result will definitely be a good ending, but if he stops now, he will definitely be able to become a good reputation.

In theory, Bernard is also a well-known tycoon who has been on Wall Street for many years. Although a large part of his reputation and achievements on Wall Street are maintained by fraud.

But he was the chairman of Nasdaq before, and in fact, this old boy was one of the initiators of Nasdaq, and he was also a prominent figure.

So he couldn't be willing to be Li Zhiyang's voice-over.

But what he believed was that this young man was so weird. Although he was reluctant, he had to admit that this kid's sense of finance was too keen.

And what's more, this kid has just saved his butt, as a liar who has been quite successful on Wall Street and has been a long-term liar.

Bernard Madoff is not a foodie who is completely free. He also has his own judgment on the current economic situation in the United States.

Coupled with Li Zhiyang's persuasion, he reluctantly returned all the money from those customers under various excuses.

Of course, the main reason for him to do this was because he had a secret conversation with Li Zhiyang before that engagement ceremony for Li Zhiyang.

At that time, Li Zhiyang had mentioned to him that he planned to set up a bank to play with, so this old guy was of course moved.

The situation was already very obvious at that time. The big players on Wall Street were all in their final madness. It can be seen from the dividend amount of major investment banks on Wall Street at the end of 2007.

Because in the second half of 2007, many aspects of Wall Street had sent very dangerous signals, but those guys chose to turn a blind eye, so there must be something tricky about it.

As Madoff, who has always had a wide connection on Wall Street, how could he not know? After the crisis of subprime debt in real estate was exposed one after another, Madoff was deeply anxious about the future of Wall Street.

As a liar, he knew that his good days were not too long. Fortunately, he had already raised all the money to be replaced by investors. Otherwise, what was waiting for him would be to sit in prison.

In the future, Wall Street will usher in an ice age with small profits, and at this time, it is the safest choice to make a business business.

So at that time, Bernard had the idea of ​​joining Li Zhiyang's business. At that time, Li Zhiyang mentioned to Bernard that he wanted to set up a bank, but actually had his own ideas.

It was Bernard's opinion to him at the beginning. He asked himself why he didn't set up his own bank to play. Later, after careful consideration, Li Zhiyang felt that this idea was indeed good.

That night, he and Bernard talked about it very late.

What I have to admire about this Bernard is that although this guy is a liar, as a successful liar who has been on Wall Street for many years, this old man has a solid foundation in financial theory.

Whether it is securities, banks, or establishment of companies, this old guy is very good at talking about these issues.

And the analysis and explanation are quite thorough and insightful

So Li Zhiyang was indeed moved at that time, and he wanted to join the old guy. However, this old guy is also a very dangerous person. So even if he is invited to join this time, he will tie a chain to him. You must not be careless about this liar.

Today he invited Madoff to come here to talk to him about the new bank he wanted to form.

In terms of real estate, this bank is exclusively funded by Li Zhiyang. In other words, the headquarters building of Bear Stearn and the more than 1,000 outlets in the United States that Bear Stearn stayed in, all the 1.3 billion US dollars needed by him, Li Zhiyang, alone.

Then his father-in-law will bear a small part of the other expenses invested in the later stage. If Bernard also wants to join, he will also have to bear at least one billion yuan.

At that time, the allocation of equity will be Li Zhiyang and James will account for 70%, while Madoff will only account for 8% and the other 7% will be distributed to some other heroes who have made great contributions to the bank in the future.

This allocation should be very reasonable in Li Zhiyang's opinion, because this time they are working as a commercial bank, not an investment bank, and they are also pioneering, so they have not yet planned whether to list the bank.

In fact, Li Zhiyang does not want to list this bank because the risk will be too high, and the annual performance report will be released at that time, and the bank's shares will be diluted. Of course, these are not what Li Zhiyang wants to see.

Because his original intention of establishing this bank was to serve his own industry.

James didn't make any sense to Li Zhiyang's idea, because he didn't spend much money on this project from beginning to end, and Li Zhiyang gave him 15% of the shares, which he was very content.

However, Bernard had a lot of controversy with Li Zhi about whether this bank should go public in the future.

As a capital player, of course he hopes to maximize his own interests. You must know that he has been involved in it, but at least he has to invest 1 billion yuan and only then will he exchange for 8% of his shares

To be honest, he felt a little uncomfortable, but what could he do? Who made Li Zhiyang hold his braid in his hand?

And not long ago, after he returned most of the money from those customers, his reputation on Wall Street was even better than before.

You should know that these days, many investors believe that as long as they can redeem their money from so-called funds or investment banks, it will be fine, even if they only redeem seven or eight layers, or even half of it.

You should know that in recent times, many funds, investment banks and others have declared bankruptcy or cannot be redeemed.

Those customers who invested in them all lost all their money, but at this time Bernard was so righteous that he not only returned the money on time, but even gave a certain amount of profit.

Such people can become the god of investors on Wall Street

So while some investment institutions on Wall Street are now infamous, Bernard's reputation is as glorious as ever on Wall Street

Although Bernard has announced several times on TV, websites, and newspapers that in the current financial environment, he does not intend to continue operating his fund recently.

But there are still many people who find him every day and want to invest in his fund.

Bernard has reason to believe that if he joins the newly established bank of Li Zhiyang, he will definitely bring considerable customer resources to Li Zhiyang.

This is exactly what Li Zhiyang hopes, but the two of them have had some dispute over whether this bank should go public.

In the end, the two people argued for a few hours before they reached a preliminary conclusion, that is, the bank will try to open a few years to see the profitability.

If the bank's profitability is good five years later, then the bank will split into a Morgan Stanley investment bank and a JPMorgan Chase business like the original J.P Morgan.

You can consider listing the investment bank

In this way, even if investment banks lose money in the future financial crisis, it will not affect the situation of unlisted commercial banks.

The current bank will only exist as a commercial bank, but at that time, Bernard will be hired as the bank's CEO.

However, secretly, Li Zhiyang and James have also agreed that they will install a lot of their own spies in the bank to monitor this old guy, especially in finance.

After all, the old thing's previous record was not very glorious. If it weren't for Li Zhiyang, a guy who had traveled back from his previous life, many people would have begun to cry at this time.

In the past few days, the news on Wall Street that a newly established mysterious company to the Middle East is about to acquire the commercial bank part of JPMorgan Chase is becoming more and more serious.

After the Chinese New Year, the US stock market, which has been in a bear market, rebounded slightly for a few days because of this news, and finally provided a little bit of anger to the dire Wall Street.

JPMorgan Chase's stock price has also risen rapidly in recent days. In this world, it is simply a unique show.

In fact, this was all deliberately hyped up by Li Zhiyang and James in order to cooperate with JPMorgan Chase. Of course, JPMorgan Chase has made a lot of money in the past few days. To express gratitude, they waived Li Zhiyang 50 million, which is considered as Li Zhiyang's dividend this time

A few days later, on Monday of the second week, the mysterious consortium that came to the Middle East suddenly announced that they had successfully negotiated with JPMorgan Chase and had successfully acquired Bear Stearn’s headquarters and all of Bear Stearn’s more than 1,000 outlets in the United States

And they also announced that they had hired the great Chanasdaq Chairman who had just announced his retirement at home to serve as the CEO of their newly established bank, which has now given the US stock market and a very powerful shot in the heart.

On that day, all kinds of indices in the U.S. stock index futures market rose to a certain extent, and Nasdaq and Dujones alone rose by several dozens to hundreds of points.

Li Zhiyang, James and Bernard certainly would not miss such an opportunity. They also made a small profit, each earning hundreds of millions of dollars.

However, they did not dare to make too many moves. After all, the US Securities Regulatory Commission is now strictly investigating the US stock market.

Although they are not afraid, committing crimes against the wind will inevitably leave a bad impression on people.

A few days later, Pan American Bank announced its establishment at its former headquarters in Bear Stearns, although the day was just a simple establishment celebration.

However, such a celebration still attracted the attention of almost all American media. After all, at this time, there was not much good news in the United States, especially on Wall Street, and the establishment of this Pan American Bank is still a good news.

After Li Zhiyang and James had their own personnel in which bank, they let Madoff go and struggle. Although they were still a little worried, they couldn't care about it now.

After all, this Pan American bank is just a pioneering business and is still in a situation of recruiting people everywhere. It is not yet time for official business.

Now, the so-called elite talents on Wall Street are numerous. After Li Zhiyang and his team were released, they were exposed to countless job search resumes and phone calls. These things are left to Bernard and others to have a headache.

The main problem Li Zhiyang and James have to face now is how to get the MGM hotel

This hotel is of great significance to Li Zhiyang, especially for his great money laundering business

This MGM Grand Hotel is located at the intersection of Vegas Strip and Tropical Road in the city center of Las Vegas, at the intersection of Vegas Strip and Tropical Road. This building was completed in 1993. The entire hotel is an Italian Florence-style building from the 18th century. It can be said that it is magnificent.

Even in the casino Las Vegas, this hotel is known as the entertainment capital, because it has the largest casino in Las Vegas.

The hotel was built in Las Vegas, the gambling king. Of course, the old boy's background is inseparable from the Corioni family who came to New York, which means that this boy is a mafia.

In the 1970s, this old boy bought the MGM Film Company, which was in poor condition at the time, but the old boy was not doing his job properly.

All the filming work of MGM Film Company was stopped, but instead, this hotel was built in Las Vegas under the name of MGM. After several twists and turns, the hotel was finally completed in 1993.

And this Kirk has been very troubled by the MGM Film Company, buying it three times, and buying it out three times.

Now because of the expansion of his family's business and the recent poor operation of MGM Film Company, they plan to take action on this MGM Hotel.

Hollywood is no longer the era of pure film companies, but has become a completely plaything on Wall Street. Columbia belongs to Sony, Warner becomes Time Warner, Fox belongs to Murdoch, Paramount belongs to Viacom, Universal belongs to Universal, and MGM is the most unlucky, half of it belongs to Sony and half to the Kelcorion family.

Under the struggles of the Kelcorion family, the MGM Film Company could no longer hold on. At the beginning of this year, it had already raised foreign debts, reaching 4 billion US dollars.

The Kerkorien family, which was expanding rapidly in the Far East at this time, no longer planned to carry this crappy wrap on their bodies.

They have used the MGM brand to build another MGM hotel in Macau, and it is closer to the world, the most bet-out nation, the great Chinese people.

They also plan to continue to expand in Asia. You should know that they have a good relationship with Kim Xiaopang in North Korea. They have established several underground casinos where they have set up.

And in the Far East of Russia, they also have their own relationships. In Vladivostok, Russia, they also have a luxurious casino.

Due to some reasons of the local government, these casinos can provide them with countless money every day.

Moreover, the Kelcorian family is not a well-known family in the United States. No matter where they go, there are people watching them, so in Asia, they live like fish in water.

After all, there are no government people here, they are going against them every day

Moreover, here, the policies of some local governments are not as strict as those of the United States, and there are many legal loopholes that can be exploited, except for Macau.
To be continued...