Chapter 0124 The United Nations Bank Crisis
Rejecting the monk's proposal again, Li Zitao closed his eyes and fell asleep, thinking about the subsequent development.
In fact, what he wants to do most now is to find a noble woman to marry him.
Ahem... Slip of the tongue, I wanted to marry a noble woman and ask her to marry her.
If Li Zitao had an aristocratic status, how could he be picked off by the big guys? It would be a green and beautiful knife!
"I will remember this, Mr. Qiu." Li Zitao grunted through gritted teeth.
Regarding the gold card that West gave him, Li Zitao did not intend to use it now. The most important thing was that Xianyu was unwilling to do so.
Even though it is a salted fish, why should it be the saltiest one?
With the name of Habsburg on his back, it seems that he has earned it now, but who knows how many people are secretly thinking about how to knock the old Habsburg family's black bricks.
The enemies of Lao Ha's family are absolutely inevitable. Otherwise, why would those prominent families in the empire be so cowardly now? It's not because they are afraid of settling scores with the future.
"Boss, I'm waiting for you at the club." It was already late at night when we arrived in Chicago, and Little Elk personally came to pick him up.
"Is the matter urgent?" If it wasn't an urgent matter, I wouldn't have waited until now.
"United National Bank of Chicago is in trouble financially and they are looking for help."
After hearing Little Elk's report, Li Zitao's energy suddenly lifted, "The opportunity has come."
If you want to build a consortium, an independent financial entity is indispensable. Without its own financial backbone, it will eventually be slowly penetrated by capital and become a wedding dress for others.
Li Zitao has been looking for a suitable target, but this target is not easy to find.
Yes, banks are going bankrupt in every city and every day, some high-quality resources are being integrated and reorganized, and some banks are stepping up their time to make mergers and acquisitions to seek survival.
But in Li Zitao's view, these are not enough. These industries all have a certain value, but when it comes to why they are important, they do not have any temptation.
It’s tasteless, it’s all a standard tasteless industry.
Acquiring these banks requires a lot of manpower, material and resources, and what you get in the end is some useless data and business that no one will buy.
Union National Bank, one of the earliest banks in Chicago and the second largest bank in the Midwest, has a large number of high-quality customers and connections, as well as many high-quality collaterals.
More importantly, the Union National Bank has the authority to issue state bonds.
Local bonds are bonds initiated by local governments or public groups and are mainly used to build schools, hospitals, ports, dig tunnels, build public facilities, etc.
U.S. law stipulates that interest income from bond purchases is exempt from federal income tax, and state law also does not impose taxes on this aspect.
It can be said that bonds are one of the investment methods favored by wealthy people, commercial banks, and large enterprises.
"Ben, tell me the specific situation." Li Zitao came to the office quickly and said hurriedly before he sat down.
"Boss, the United National Bank encountered a bank run at the time of the disaster, although it managed to survive with its abundant funds."
"But as disasters become more severe, large savings are withdrawn more and more frequently, and the rate of bankruptcy of private companies continues to increase, causing their funds to be disconnected."
On the one hand, savings funds continue to decrease, and on the other hand, bad debts on mortgage assets continue to increase. Properties that were once valued at $10,000 are now worth only a few hundred dollars.
And even if it costs a few hundred dollars, no one will buy it now.
This series of chain reactions pushed the United National Bank of Chicago into the abyss.
"How long can it last?" Li Zitao asked.
"3 days. If they can survive for another 3 days at most, they will declare bankruptcy."
"How many people know the news?"
"We, and Aiken."
"The Chicago consortium is interested in it?" This news is not very fast.
"Yes, things happened too fast. The board of directors of United Bank has been in conflict. By the time they made a decision, there was no time to notify so many buyers."
"That is to say, we are the only two companies that have ready-made products." Li Zitao had to consider this possibility to steal meat from the Chicago consortium.
"Boss, this is a rare opportunity. United Bank's assets are sound. They have excellent customers, huge channels, and bond issuance rights..."
"But we don't have any advantage." Everyone knows that things are good, but the key is that the tycoons and financial monsters are bidding now.
In front of ordinary people, Li Zitao, a wealthy man, would be like a mountain, but in front of a financial monster like a consortium, he would be nothing more than a mound.
"No, we have a stronger advantage than First Bank." Ben smiled mysteriously and said: "The board of directors of United Bank is more biased towards us."
"Why?" Li Zitao was a little confused.
No matter how you look at it, accepting the acquisition of First National Bank is the best choice for them. What made them make such a decision?
"Boss, they like the way you treat your subordinates." Speaking of this, I couldn't help but cover my face and want to complain.
My boss's surprisingly lazy style has actually become an advantage. There must be something wrong with this world.
"Ha..." Li Zitao didn't know whether to be happy or sad.
This can also be an advantage. Is this considered unintentional?
"Then what are you waiting for? Let the think tank start moving quickly." Li Zitao said decisively.
"Okay, we will have a preliminary exchange of opinions with the board of directors of United Bank tomorrow morning. They don't have much time. I believe there will be results in the afternoon."
After thinking about it for a while, Ben said: "The next morning at the latest."
"Do it." Li Zitao is not a sloppy person.
Since you have decided to snatch food from the Chicago consortium, you must swallow it in your belly. If you lift the tiger's beard and lose any benefit, wouldn't it be a big loss?
"By the way, how is the acquisition of BMW's shares going?" Li Zitao was still concerned about his "don't touch me"!
"At present, we have only acquired 13% of the shares. Rush personally leads the team to take charge in country D. I believe there will be good news soon."
For this acquisition, the Blue and White Chamber of Commerce allocated 20 million in capital.
"That's good." Li Zitao smiled proudly.
"I drive a BMW. If you see it, don't touch me." Rich man.
"I made it." Li Zitao.
In the future, the cars used by wealthy people to show off their wealth will all be built by his companies. What could be better than this?
"By the way, here are the documents for Jeep and Shunfeng." Ben took out the documents from his bag.
"Ask the chief designers of the two companies to come to my office for a meeting tomorrow morning." After Ben left, Li Zitao locked himself in the office all night.
The little elk stayed up until midnight, then fell asleep on the table in a daze.
"Jesse." In the early morning, Li Zitao opened the office door in high spirits.
"Ah~~" The dazed little elk, who was still asleep, stood up, rubbed his eyes, and said with a depressed look: "Boss."
"Okay, go wash your face and ask someone to send breakfast to my office." Seeing her pitiful look, Li Zitao gave up the idea of morning exercise.
Returning to the room half-heartedly, Li Zitao moved his shoulders in the office.
After working on the drawings all night and scrapping hundreds of pieces of paper, he was finally able to draw everything he needed.
There are more than a dozen drawings on the table, including Wrangler, Hummer, and classic supercars that I used to lick the screen in front of the computer in my previous life.
Lamborghini, Ferrari, GTR, Bugatti, Aston Martin.
Li Zitao does not expect them to be able to design and produce them now, but they can first register the names and appearance.
Wait until the time and technology are mature before investing in research and development as soon as possible.
After all, in this era, even if it were built, there would be no place to run. Should we let the supercar scatter dust in the uneven land covered with gravel?
Then he has to be prepared to scrap a supercar in two days. Even if he has money, he can't do that!
"Boss, for your breakfast, the designers from the two companies have arrived." The little elk walked in carrying a McDonald's food bag.
"Let them in." He took out a burger from the bag, opened the package and ate while walking towards the sofa.
"Boss." Two middle-aged men with some hair loss walked in with cautious expressions.
"Sit down, do you want some burgers?" Li Zitao raised the food bag in his hand.
"Thank you boss, I already had it when I came here, it was also McDonald's." One of them said with a smile.
"Me too," said another.
"Well, let me introduce myself first. After all, this is the first time we meet." Li Zitao sat on the sofa and ate a burger.
"Boss, my name is Offley, and I am the chief designer of Jeep."
"My name is Karen, and I am the chief designer of Shunfeng. The most popular Shunfeng 3 model was my design. It sold 5,400 units."
Hearing what Karen said, Li Zitao raised his eyelids and glanced at it, and nodded calmly.
"After the merger of the two companies, I want to set up a Pioneer Technology R&D Experimental Center. The focus will be on automobile research and development and breakthroughs. There are some things here for you to take a look at first."
Picking up the 'Happy Water' and squeaking, Li Zitao handed them the drawings on the table.
"...Genius, boss, who drew these genius designs? They, they are not just cars, they are works of art, miracles..."
Yes, there are always miracles. Why are your miracles so worthless!
Li Zitao wanted to scold her on the surface, but he was happy in his heart. This was all his design, "Why am I so talented?"
"I drew these casually. They are just sketches. There are many places that are not reasonable. You need to find and ponder these by yourself."
Li Zitao provided a lot of suggestions. Those that he could not express in drawings, hearsay, and experience from scanning the forums were all thrown out.
What about aerodynamics, non-load-bearing architecture, suspension hydraulics, four-wheel drive, some thoughts on the chassis.
These ideas are all fragmented, like missing puzzle pieces, but it cannot be said that they are useless. At least these suggestions have broadened their understanding of cars.
"Boss, with these clear goals, we are confident that we will be able to create a real product soon." Karen said with certainty.
Many times, it is not technology that limits creation, but human imagination.
"Very good. From today on, Karen will be the director of the R&D center and Ofley will be the deputy director. I hope to hear your good news as soon as possible."
Li Zitao named the two to assign their positions, although he was not familiar with Shunfeng and had never even heard of it in his previous life.
But since Cullen can build a best-selling car, it is enough to illustrate his ability.
Chapter completed!