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Standard Chartered Bank was formed by the merger of two British overseas banks, namely: the Standard Bank of South Africa, thestandardankofritishsouthafrica, and the new Jinshan China Aggregate Bank of India after 1911. The translation name was changed to: India Xinjinshan China Standard Chartered Bank hedia, austra1iaandbsp ; Standard Chartered Bank was established in 1853 under the charter of Queen Victoria, the English original meaning of the word "Standard Chartered".

In the early 1900s, Standard Chartered became the first foreign bank to be allowed to do business in New York. Standard Bank opened in 1863 in Porte1iabeth, Port Elizabeth, South Africa.

From 10 to 1910, Standard Bank opened several branches in Africa, some of which were closed due to operational difficulties.

In 1957, Standard Chartered Bank acquired Easteank, which gave it branch offices in Aden, Yemen, Bahrain, Beirut, Cyprus, Lebanon, Qatar and the United Arab Emirates.

By the mid-1950s, Standard Bank had about 600 branches and offices in Africa.

Its network was fully expanded in 1965 following the merger with the former British West African bank ankofritishestafica. BBA has branches in Nigeria, Ghana, Sierra Leone, Cameroon and The Gambia.

In 1969, Standard Bank and Standard Chartered Bank merged to form Standard Chartered PC, a listed company. Standard Chartered subsequently acquired the UK's Hodge Group hodgegoup and Wallace Brothers Group thea11acerothersgroup.

After the establishment of the Standard Chartered stock-listed company, it has branches in Europe, Argentina, Canada, Panama, Nepal and the United States. Standard Chartered's acquisition of three US banks, including Union Bank of California, gave Standard Chartered access to Brazil and Venezuela.

Currently, Standard Chartered Bank Group is preparing to establish a branch in Istanbul.

Even if the positions are evenly closed, even if only one-fifth of the positions of Citibank, Royal Bank of Canada and ANZ are closed, Xu Cun has cashed out US$3 billion by the end of May.

The process of capital operation is to use money to generate money. How could Xu Cun, who has been learning relevant knowledge in recent years, not understand this truth?

Therefore, as soon as the money entered Xu Cun's account at Baye Bank on Necker Island, Xu Cun divided the money into three:

An international acquisition team composed of Yuan Tianfan went to the London Stock Exchange to scavenge Standard Chartered Bank's shares in the secondary market. At present, the secondary market of the London Stock Exchange owns at least one-fifth of Standard Chartered Bank's shares. It is the cheapest shares Xu Cun can get.

An offer for Zheng Haiquan to acquire the shares of non-executive directors who hold shares of Standard Chartered Bank Standard Chartered Bank is a standard British-owned overseas bank with few domestic customers in the UK, but has a wide distribution in Asia, the Middle East and Africa. Unlike HSBC, the shares of Standard Chartered Bank are very scattered. The original shareholder is the London Unemployment and Pension Relief Fund Alliance. After the merger of South Africa Standard and Standard Chartered Bank, the shares were further diluted. In the 1970s, after listing in London, Standard Chartered Bank no longer exists. In the sense of the major shareholders, all the shares are held by the minority shareholders. Among these small shareholders, some are unwilling to participate in the management of Standard Chartered Bank, and some are unable to enter the board of directors because the proportion of their shares is too small. These shareholders can be counted as non-executive directors of Standard Chartered Bank. Among them, the London Unemployment and Pension Relief Fund Alliance alone holds 12.9% of the shares of Standard Chartered Bank, and the shares held by all non-executive directors together account for 30% to 40% of the shares of Standard Chartered Bank. In other words, whether Xu Cun can acquire Standard Chartered Bank, these non-executive directors are the key.

Note: There are seven executive director seats on the Board of Directors of Standard Chartered Bank, of which four shareholders with more than 5% of the shares each hold one seat. The remaining three seats are the chairman of the board of directors of Standard Chartered, Lord Roberts, the chief executive officer of Bennett, and the company's financial director Talang. This is a professional management team that receives dividend-based compensation. Every year, this team can take a percentage of the Standard Chartered Group. Ten of the profit dividends are used as the salary of seven people. In the last life, the system was not changed to an annual salary system until 2006.

Furthermore, the Goldstein family, who really controls Standard Chartered Bank, also holds 8.74% of the shares of Standard Chartered Bank. Since the British and Japanese recaptured Hong Kong during World War II, the Goldston family has been managing Standard Chartered Bank, although the Goldston family has been in charge of Standard Chartered Bank. The shares of Standard Chartered held by them are not many, never even more than 10%, but the Goldstein family has always had unimaginable power and influence over the senior management of Standard Chartered. At least five of its family members are in the senior management of Standard Chartered. Two of them serve as directors, and three hold important positions in the Hong Kong branch and the London headquarters respectively.

It can be said that the biggest enemy of Xu Cun's acquisition of Standard Chartered Bank is the Board of Directors of Standard Chartered Bank and the Goldstein family who have controlled Standard Chartered Bank for half a century. No one wants to be swept out of the house when they are in power. Therefore, the board of directors of Standard Chartered Bank and the Goldstone family will definitely resist Xu Cun's acquisition of Standard Chartered Bank, just as they joined forces to resist Lloyds Bank's acquisition of Standard Chartered Bank in the last life.

The last one was handed over to the precious metals market in Mei Ai Fang to start sweeping gold.

Xu Cun is going to make Baye Bank the world's largest private bank, but how could a largest private bank have no gold reserves?

Moreover, in the first two trading days of January 1980, the price of gold reached US$643. The then US Treasury Secretary Mueller announced that the Treasury Department would no longer sell gold. After that, the price of gold soared three times in less than 30 minutes. Ten dollars reached $715~lightnovelpub.net~ January 21, hitting a new high of $8850. Forced by the situation, the then US President Carter had to come out to suppress the gold market, saying that he would do whatever it takes to maintain America's position in the world. At the close of the day, the price of gold fell by fifty dollars. The next day, the price of gold fell another $145. The bull market in gold has come to an end. It has lasted for 12 years. At present, the market price of gold is only more than 300 US dollars per ounce, which is close to the historical low point of gold price. It is a very good time to sweep gold.

In addition, reserve gold is not a decision made by Xu Cun in a moment of brainstorming. As early as when he built the Baye Building, the manor on the Shek O Peninsula, and the Baicun Residence in Beijing, including Musha Island and Necker Island, Xu Cun was in five places. Five of the safest and strongest vaults in the world were built underground, in order to store gold in these five vaults one day.

In fact, to put it bluntly, the most important thing is that after the Plaza Accord, Xu Cun will definitely have a large amount of spare money in his hands, and he has the strength to reserve gold.

All in all, while the wealthy Xu Xunyun is closing his positions, he is also acquiring Standard Chartered Bank and Gold, striving to build the world's largest private bank.

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To be continued.