Chapter 420 420 Governor personally called and shocked the five states!

Wang Guanxi smiled and said: "Mr. Milos Messi, when I talked to you about the acquisition, the premium was still 40%. At that time, you didn’t want to. Now I control 50% of the shares in Fifth Third Bank, and no additional requirements are needed. Of stocks"

  When Wang Guanxi talked to Milos Messi about the acquisition, he was unwilling and full of confidence. Now he actually came to beg for himself, hehe, Wang Guanxi would not spend money to continue to buy shares of Fifth Third Bank.

  Milus Messi said weakly: "Mr. Wang, maybe you can sit down and talk!"

  Wang Guanxi asked: "How to talk?"

  Messi: "20% premium, what do you think?"

  Wang Guanxi: "Mr. Milos Messi, I am no longer interested in buying excess shares of Fifth Third Bank. You should find other financial institutions to buy it! For example, Feld Group!"

  Now Wang Guanxi’s No. 1 Fund controls 50% of the equity of Wusan Bank, and the Feld Group also holds 10% of the equity. The other party has not liquidated its position, and it seems that it intends to hold it for a long time.

  Milus Messi's face was gloomy: "The market price!"

  Wang Guanxi still gracefully refused to say: “It’s really not a question of price. In fact, I have no money anymore and I am powerless.”

  "···" Milos Messi was speechless!

  TM, didn’t you say you made $7.5 billion before?

  Worri!

  TM, Wang Guanxi was in front of him just now, pretending to be force!

   Then he said: "Mr. Wang, I called Feld before, but the other party refused."

Wang Guanxi: "Mr. Milos Messi, there is nothing I can do now. By the way, I am very interested in the equity of your family business Messi Department Store. If your Messi family is short of money, I can buy it. Your Messi family’s equity in Messi’s department store"

"Now that the economic crisis is so serious, your Macy's department store is also losing money. It is a bottomless pit. You still owe loans from Fifth Third Bank, Citibank, and Morgan Bank. The stock price is also falling. I suggest you sell Macy's. Equity, the price is easy to negotiate!"

  The core company of the Messi family is Messi Department Store, which is the future Fortune 500, ranking more than 400.

  Wang Guanxi is also very interested in this. If he can fool the Messi family to sell the control of the Messi department store, it would be very crooked.

  Milus Messi directly refused: "Impossible, this is the family business of our Messi family and will not sell it!"

  Wang Guanxi smiled and said, "Well, if your family wants to think clearly in the future, you can come to me anytime."

  After finishing the call, Wang Guanxi leaned on the boss’s chair, took a sip of tea freely, and muttered: “This time I have settled the largest bank in Ohio. It’s great!”

  The Fifth Third Bank was incorporated on October 7, 1974. It is a diversified financial service company.

  Headquartered in Cincinnati, Ohio.

It operates 15 subsidiaries, 1316 full-service banking centers, including 104 bank commercial centers that are open seven days a week in selected grocery stores, and 12 located throughout the Midwest and Southeastern United States There are 2425 ATMs in the state.

  Five Three Bank operates four major businesses: commercial banking, retail banking, investment advisory, and transaction processing solutions. Its target customers are medium-sized companies below the Fortune 500.

  Luo Baowen poured tea to Wang Guanxi and said congratulations: "BOSS, congratulations, you have occupied most of the market share in the Ohio banking industry!"

  Now Ohio's largest bank and the second largest bank have become Wang Guanxi's banks. In the future, Ohio's entire banking industry will become dominant.

  Wang Guanxi smiled and said: "Fortunately, Ohio will be my base camp in the United States in the future. I will try my best to acquire Ohio's physical industry assets before returning to Hong Kong."

  He came to the United States this time to set up a consortium. Ohio is a key state in the US general election.

   has an area of ​​106,700 square kilometers, a population of 11 million, and an urban population accounting for 73%. It is one of the ten largest states in the United States and is known as the “President’s Hometown”.

   "Secretary Luo, my future consortium will take off from Ohio and slowly dominate the Ohio economy.

   affects the economy, affects state politics, and then the economy and politics of the United States.

  "In the future, my consortium will be the top ten consortium in the United States!"

  He will create a large consortium in the United States to influence the global economy and politics by influencing the American economy, finance, and politics!

  His influence, his influence will spread throughout North America, South America, Europe, the Middle East, Africa · Oceania!

   Truly become the super boss behind the scenes in the world.

  This road is still very long, very remote, full of difficulties and dangers, but Wang Guanxi believes that he can definitely complete it.

  What he pursues is the ultimate combination of wealth and power, influencing the fate of all living beings around the world, and becoming one of the top leaders and designers of the global economy.

  According to what David Rockefeller said when he was young, it is not interesting to play politics. At most, it means mixing with a US president, but that is too LOW.

   Then David Rockefeller returned from politics to family struggle,

   Created the Trilateral Relations Committee, the real world super boss, wherever he goes, he is a courtesy of the head of the world.

Luo Baowen beside    felt the magnificent ambition of Wang Guanxi, her eyes suddenly became obsessed, her heart beating constantly, and the feeling of admiration could not be stopped.

  Wang Guanxi smiled and asked, "Secretary Luo, do you miss a man?"

   "If you want to, come to my room tonight"

  Luo Baowen's face became very embarrassed in an instant, and gradually turned red, and she said: "I am getting more and more serious in gynecological diseases now, which is inconvenient."

  Then Luo Baowen took out a document and said: “BOSS, this is the balance sheet of Fifth Third Bank”

   "Well, let me take a look" Wang Guanxi opened the balance sheet of Wusan Bank.

  Currently, the total assets of Fifth Third Bank is US$119.7 billion.

  $84 billion in loans released.

  Holding USD 13 billion in bonds.

  Goodwill is US$2.6 billion.

  Fixed assets of US$2.4 billion

  Intangible assets 168 million US dollars

  ···

  And the total debt is 107.6 billion US dollars.

  Customer deposits are US$78.6 billion.

  Short-term borrowings of US$9.9 billion

  Long-term borrowings of USD 13.5 billion.

  Other liabilities are US$5.6 billion.

  This debt is very high, and in 2008, Fifty Three Bank lost 2.18 billion U.S. dollars.

  The loss this year is still increasing.

  The stock price fell into shit.

  In 2007, the share price of Fifth Third Bank was still US$43 per share, but now it has fallen below US$2 per share.

  The market value lost 95.3%.

  Wang Guanxi: “These Fifth Third Banks have suffered a terrible loss. Currently, there are so many debts, especially short-term loans and long-term loans, which are simply ridiculously high."

Short-term borrowings of US$9.9 billion and long-term borrowings of US$13.5 billion are scary. Although it is the largest bank in Ohio and its total assets are also the largest in Ohio, its net assets are not high, and its market value is similar to Huntington Bank. Not in time.

   After a pause, he said: "The debt of Huntington Bank is similar.",

  Although Fifth Third Bank is heavily indebted and has a lot of non-performing loans, Huntington Bank is not much better.

  At present, both banks are in a serious crisis state, and their stock prices have been falling continuously.

   "Fifth Third Bank, Huntington Bank, the situation is not optimistic now"

  Speaking of this, Wang Guanxi gently put down the teacup.

Luo Baowen on the side of    asked: "BOSS, will Huntington Bank merge with Wusan Bank?"

   “In this way, it can increase cash flow, increase the bank’s core capital, reduce staff, and reduce a lot of expenses.”

  Fifth Third Bank, Huntington Bank, as the two largest local banks in Ohio, if combined, can reduce a lot of expenses, increase cash flow, core capital, and prevent runs.

  And Stephen Steinor, CEO of Huntington Bank, was also very excited on the sidelines. If Fifth Third Bank and Huntington Bank merge, then it will be the largest bank in the central and eastern states.

   "BOSS, if the two banks merge this time, it will be the largest bank in the four nearby states!"

  Wang Guanxi nodded: "Then merge."

  So the Fifth Third Bank, the largest bank in Ohio, and the Huntington Bank, the second largest bank, announced a merger. In order to survive the financial crisis, various expenses were cut and staff were to be laid off.

  But soon the governor called, hoping that the two banks would stop merging and not lay off staff.

  Because the two banks are both large local banks in Ohio, they employ a large number of people in Ohio.

  The governor does not want to lay off workers, lest the unemployment rate increase.

   was also operated by the Cleveland consortium, and their lawmakers declared that they would conduct an antitrust investigation on the merged Fifth Third Bank and Huntington Bank.

  The Cleveland Consortium is one of the ten largest consortia in the United States, named after its location in Cleveland.

  Cleveland is the largest city in Ohio. Although it is not the capital of the state, it has a population of more than 2.5 million, three times that of Columbus.

  This city of Cleveland is located in Ohio, Pennsylvania, Michigan, the intersection of these three states, where is an industrial area.

  Stephen Steinau said: "BOSS, although the merger has encountered many difficulties, it is no problem. Even if it is under antitrust investigation, it can still be litigated"

After thinking about it, he said: "In fact, there is no need to care about the anti-monopoly investigations they said, that is to scare people. The lawsuit is very long, and the investigation has not started. The two banks merged together early, let alone anti-monopoly. The investigation should also go to Morgan Bank, Citibank, Bank of America Corporation, and Wells Fargo Bank."

  "The people from the Cleveland consortium are probably reminding you"

  Wang Guanxi smiled: "What do you think they mean?"

Stephen Steiner: "Originally, Huntington Bank and Fifth Third Bank were the largest banks in Ohio. They had a lot of cooperation with companies under the Cleveland Consortium. The shortcoming of the Cleveland Consortium was the banking and finance industry. The company is doing very average."

   "They were also shareholders of Huntington Bank, Fifth Third Bank, but the bank's stock price plummeted and they liquidated all their stocks."

  “Now Huntington Bank, Fifth Third Bank suddenly changed owners and owners. They are worried that you will affect the interests of their industry, and they don’t want a bigger bank in Ohio.”

  "Don’t worry, BOSS, after the merger, they can’t stop it. They just use the name of anti-monopoly to scare people and fight a lawsuit and don’t worry about losing."

  Wang Guanxi nodded: "Well, merge, give me major layoffs, and quickly get the bank out of the financial crisis first!"

  At this time Jennifer Huntington also came, she said: "BOSS, the governor wants to talk to you"

  Ebold, Ellie and his wife also said: "There are also some state legislators who have also sent emails, hoping not to lay off staff."

  Wang Guanxi had a phone call with the governor of Ohio and decided not to merge for the time being.

   So he commanded: “Don’t merge for now, let the two banks develop independently and compete with each other!”

  Then Wang Guanxi formed the Crown Bank Holdings Fund, holding shares in Huntington Bank, Wusan Bank, and Silicon Valley Bank. Both are 50%!

  All three are listed banks.

  Now Wang Guanxi controls three listed banks in the United States.

  The Crown Bank Holdings Fund belongs to the Crown Charity Foundation, which is a fund fully controlled by the Crown Charity Foundation.

  Wang Guanxi said to Luo Baowen, Ai Li, Abode, and Stephen Steinau: "I plan to find a professional manager to serve as the CEO and chairman of Fifth Third Bank!"

   "Do you have anyone recommend?"

  Allie and Abode thought for a while and said, "BOSS, how about Alan Fishman, CEO of Washington Mutual Bank?"

  Washington Mutual Bank has gone bankrupt, and as CEO, Alan Fishman is naturally unemployed.

After thinking about it, Ellie continued: "BOSS, Alan Fishman is my cousin, a very capable talent. At that time, the board of directors of Washington Mutual Bank promoted him to become the new CEO and asked him to save Washington. Mutual Bank, but Washington Mutual Bank has not come back to life."

  Wang Guanxi said: "Tell me about his family"

  So Allie said briefly.

At this time, Abode thought of something, and then he said: "BOSS, Alan Fishman has a younger brother, Rick Fishman. He is a barrister at the headquarters of Fifth Third Bank, and he was once a state councilor. He failed to be re-elected a few years ago and continues to be a lawyer. Now he intends to re-run for state assembly.

The headquarters of Fifth Third Bank is in Cincinnati, with a population of nearly 300,000.

  If you can, support some MPs.

  Wang Guanxi heard it and immediately said: ‘Call Alan Fishman and Rick Fishman to Columbus, I’ll have a good talk with them! "

  "Yes, BOSS" Ellie and Iboard hurriedly went to do it.

  The next day, February 16, Monday.

  Alan Fishman and Rick Fishman arrived at Crown Manor in Cincinnati, which is under construction. The construction company is the largest builder in the United States, Horton House Construction Company.

   "Here, are you going to build a super estate?"

   "Looks like a base"

  The two were shocked!

  They naturally know that this is the largest ranch in Ohio. According to the sign, it is called Crown Manor.

  For this mysterious rich man, both of them are very curious and very excited.

  Alan Fishman wants to become the CEO of Fifth Third Bank, and Rick Fishman wants to run for state assembly.

   With anticipation, the two came to the villa in the manor. After seeing the owner, the two of them were shocked in their hearts. They did not expect to be so young.

  "Mr. Wang, hello"

   "Mr. Wang, it is an honor to meet you, I am Rick Fishman!"

  "Hello, welcome to my manor" Wang Guanxi greeted them for tea.

   Then everyone chats.

Alan Fishman used to be an excellent bank executive. He did a great job at the Bank of Washington. From a bank teller to the CEO of Washington Mutual Bank step by step, this CEO only did less than five. In September, Washington Mutual Bank inevitably went bankrupt.

  Rick Fishman used to be a lawyer and then a state legislator, but he failed to be re-elected and went back to his old business. In this financial crisis, he saw the opportunity to make a comeback, but he needed political contributions and needed support.

  Wang Guanxi asked: "Mr. Alan Fishman, tell me your impression of Washington Mutual Bank, why Washington Mutual Bank went bankrupt, I hope you will talk about it in detail,"

  Alan Fishman immediately explained the reasons for the bankruptcy of Washington Mutual Bank.

  There are three external reasons.

  First, the supervision of innovative business lags behind. There are certain problems with large-scale promotion of securitization products before the risks are fully exposed. Globalization and the mixed financial industry have also increased the difficulty of supervision.

  Second, in the market environment of low interest rates and intensified competition since the 1990s, banks have ignored risks in pursuit of high returns.

  Third, the vicious circle of the credit system has deepened the crisis.

  There are also three defects in itself.

  First, the proportion of subprime loans is high and the potential loss is large. Of the $230 billion in real estate-related loans, $16.9 billion was mortgage loans. In the second quarter, Washington Mutual's loss reached US$3.33 billion. By 2011, losses from subprime mortgages and other household loans could accumulate as much as US$19 billion.

  Second, business risks are too concentrated, and the correlation between credit risk and housing prices is too high.

  Third, capital is insufficient.

  Wang Guanxi nodded after listening: "What do you think can be used for reference?"

  So Alan Fishman replied: "Mr. Wang, I think there are four things that can be used for reference."

  First, strictly risk management and strengthen the grasp of market trends.

  Second, to prevent risks in business dealings with other financial institutions.

  Third, diversified loan distribution is conducive to resolving losses caused by fluctuations in the industrial structure.

  Fourth, timely replenish capital and maintain open financing channels.

  Wang Guanxi was very satisfied, and then everyone continued to chat.

After chatting for a few hours, Wang Guanxi pulled the two into his system.

  Alan Fishman became the CEO and chairman of Fifth Third Bank.

  Rick Fishman became a legal adviser and will support his running for state assembly in the future.

  The next day, February 17, on Tuesday, Wang Guanxi announced his appointment.

  The senior management of Fifth Third Bank remains unchanged.

  The original chairman and CEO, Milus Messi, resigned, and the replacement for Milus Messi was Alan Fishman, the CEO of the original Washington Mutual Bank.

  The barrister Rick Fishman is a non-executive director of Fifth Third Bank. Like Abode, he also serves as the senior legal advisor of the Crown Charity Foundation and the Crown Trust.

  The news shocked the five states!

  Ohio, Michigan, Indiana, Pennsylvania, Kentucky, West Virginia.

  "Isn't this the CEO of Washington Mutual Bank? He became the new CEO of Fifth Third Bank!"

   "Fifth Third Bank actually changed its commander!"

  "Alan Fishman is the CEO of Washington Mutual Bank. Washington Mutual Bank went bankrupt. During his tenure, how can he become the CEO of Fifth Third Bank and also serve as the chairman?"

  "This Alan Fishman is still very capable. In fact, the bankruptcy of Washington Mutual Bank is not his incompetence, but the incompetence of the former CEO, Kerry Killinger."

   "Yes, the former CEO of Washington Mutual Bank, Kerry Killinger, has been in charge for 17 years. The main reason for the bankruptcy of Washington Mutual Bank is his misguided strategy!"

  "Washington Mutual Bank was shorted by the Blackshirt Investment Bank before! Then it went bankrupt, and the Blackshirt Investment Bank made a lot of money!"

  "Five Third Bank, the boss of Huntington Bank is the boss of Black Shirt Investment Bank!"

  "The Oriental Crocodile is here!"

  "Ohio's banking industry has been controlled by the Eastern Alligators"

  “The two banks originally planned to merge, but they suddenly stopped the merger”

   "The rumor is about major layoffs. The governor is worried that it will affect the employment rate in his key districts. He personally called to tell which mysterious boss not to merge and lay off employees."

  "Huntington Bank and Fifth Third Bank are all giants in the banking industry in Ohio, and they are all controlled by a mysterious fund."

  "It is rumored that the owner of Crown Manor is also Huntington Bank, the big boss of Fifth Third Bank. The Messi family has sold all the shares of Fifth Third Bank."

  "Crown Manor is the largest ranch in Ohio. Do agriculture and banking industries dominate?"

  ··

  Indiana, President of Simon Real Estate Group: "Mullus Messi has been fucked, this will not be a debt collection right away, right?"

  Pennsylvania, President of Sun Petroleum Corporation: "Now Fifty Three Bank and Huntington Bank are the same owners? Oh my God!"

  Kentucky, President of Ashland Company: "Unexpectedly!"

  West Virginia, President of Ivor Mining Company: “Fifth Third Bank and Huntington Bank are both in the same Crown Bank Fund. This delay of repayment may be difficult. I have to go to Ohio!”

  And in Michigan, the Ford Family Foundation and Bill Ford were also surprised. Now the Ford Family Foundation still holds a long list of the Dow Jones Indexes, which is full of losses!

  I still owe the loan from Wusan Bank!

   "Wang Guanxi actually had those fifty-three banks!"

"Ugh!"

  Now Bill Ford is flustered.

  Macy's headquarters building in Cincinnati, Ohio.

  Milus Messi watched the news report.

   "Hehe, Alan Fishman is just a bereavement dog. He has been blocked in the banking industry. No one wants to hire a CEO who bankrupted the bank during his inauguration!"

   "This Rick Fishman is just a failed re-election councillor. Now as a lawyer, no one cares about it anymore!"

   shook his head, he continued to watch the Dow Jones Index.

  Since the Messi Family Foundation sold the shares of Fifth Third Bank to Wang Guanxi, he had a big fight with his two brothers, and eventually he chose to return to the Messi department store.

  Now everyone is dividing the family property, and it’s too much trouble.

  At this time, the credit manager of Citibank called and asked Milos Messi to pay off the debt.

  Milus Messi was suddenly stressed.

  Because of having trouble with Wang Guanxi before, Milos Messi plans to withdraw the deposits of Macy’s in Huntington Bank and Fifth Third Bank and transfer them to banks in the Cleveland area.

  Following the Fifth Third Bank, the deputy credit manager of Huntington Bank called and said that Macy’s Department Store had repaid the bank loan.

  The entire Messi family suffered a huge impact during the economic crisis.

  Suddenly Milos Messi quarreled with the two brothers again.

  (End of this chapter)