"Feng Yu had acquired a UK bank, and it is a big commercial bank. What do you all think of this?" Stan Morgan closed his eyes and leaned back on the sofa.
"Feng Yu owns shares in a commercial bank, and recently, he has acquired a lot of related companies in the US. It seems that he is going to enter the banking industry."
"Also, Feng Yu is good at financial investments. Banking is the foundation of the financial industry, and we had expected Feng Yu to expand this business. But we did not expect him to start so soon, and the momentum is so fast."
"But compared to Morgan Stanley, Feng Yu's bank is not worth mentioning. The UK bank he acquired only has 20 to 30 billion pounds of deposits, and his Minsheng Bank has less than 20 billion US dollars in deposits. "
These banking giants control trillions of US dollars in assets. They do not care about a bank with tens of billions of US dollars.
Stan Morgan's eyes flew open. "Then have you calculated the value of the securities they control? Have you calculated their business in Hua Xia? Do you know how many branches Feng Yu has now? "
The Morgan Financial Group can stand tall until now not only because of their strong financial resources, but also because they are cautious enough. Every decision they make is not made lightly.
Otherwise, why did most of the tycoons disappear in history?
The Morgan Financial Group is powerful, but it cannot be compared to those ancient families in Europe. Who knows how deep their foundations are?
Feng Yu is currently the fastest rising tycoon. He is like a star that can even block the moon. If you think that Feng Yu is just lucky, you are making a big mistake.
No matter how lucky one is, it is impossible to make money from everything he invests. No one has such strong luck, and it all depends on Feng Yu's ability.
These big financial groups have investigated Feng Yu's background. They thought that Feng Yu is from one of Hua Xia's families, but they found out that Feng Yu has no background.
Feng Yu had built up such a huge business by himself. The first time Feng Yu let them know his name was in the early 1990s. The former Soviet Union had taken a large amount of loans and invested them in the crude oil futures market. They used high leverage to short crude oil and made a lot of money.
At that time, most of the financial experts analyzed that the price of crude oil would rise, but this person actually predicted that the price of crude oil would fall and even bet all his money on it. This kind of confidence and ability made them sigh in admiration.
During the Asian Financial Crisis, this Feng Yu contacted many Hong Kong tycoons to defeat Soros and made a lot of money.
After that, Feng Yu's net worth skyrocketed again, and he became one of the world's top tycoons.
After that, Feng Yu became Microsoft's shareholder and director, and he had entered the sights of these conglomerates. After that, Feng Yu started to invest in North America's internet-related industries.
But the internet bubble was burst by Feng Yu, and these financial groups could not understand it at that time. By right, the bigger the bubble, the more Feng Yu, who had invested in the internet and related industries, will make more money.
But after the internet industry fell, the industries Feng Yu invested in grew stronger. Now, many of them are the top companies in the industry. These financial groups were impressed by Feng Yu's foresight.
It seems that Feng Yu can spot those companies with high potential. Morgan Financial Group had also invested a lot in these companies, but their returns cannot be compared to Feng Yu.
But these financial groups knew about Feng Yu's investments. Feng Yu had always given the founders enough profits and respect. This was something that Morgan Financial Group could not do.
Under normal circumstances, I had invested the most, and I should have the final say in this company. I don't care if you are the founder or if you know more about this industry than me.
We are the Morgan Financial Group. What industries do we not know? Even if we don't know, we can do it if we want to! Even if you know, you can only work for us!
During this financial crisis, Feng Yu had won again. It was said that he had earned several times the profits from the crude oil futures trading alone. He had also invested in other financial products. His personal wealth was equivalent to a medium-sized financial group!
When Feng Yu started Alipay and Paypal, these financial groups had suspected that Feng Yu wants to enter the traditional banking industry one day. Alipay and Paypal are a challenge to the traditional banking industry. After these financial groups boycotted Feng Yu, they had taken a step back. The traditional banks still have the upper hand in terms of cash and current accounts.
Now, Feng Yu had entered the banking industry on a large scale. In North America, many branches and business outlets had opened at the same time. Feng Yu had also started to set up branches in Europe.
Now, all the banking industries were affected by the financial crisis, and their sales and profits are declining. Almost all the banks are laying off staff. Feng Yu had chosen this time to expand, and many people saw Feng Yu's strength.
Also, after Feng Yu had acquired so many financial companies, many of his businesses had been opened. It is difficult for these banks to restrict Feng Yu's development.
If these banks were to exclude Feng Yu's banks now, it will cause serious damage to the US's reputation. These financial groups finally understood why Feng Yu had chosen this timing.
They could only watch Feng Yu expand, and they could not do anything.
Now, Feng Yu's banks are not doing well. Although Feng Yu had acquired a lot of businesses, most of them are still in a loss-making state. Especially that Minsheng Bank, which has very low deposits.
But these financial groups did not forget how Feng Yu had promoted Alipay and Paypal. Feng Yu had used his name as a guarantor, and the customers trust him more than these powerful banks.
When it comes to personal branding, these financial groups' leaders and even the US President cannot be compared to Feng Yu. Feng Yu's title of the World's Richest Man is a huge boost to Feng Yu's reputation.
In the past, Feng Yu's internet and electronics products had affected their profits, but the impact is not significant. Now, Feng Yu had entered the banking industry, and it will affect their profits.
Feng Yu might be good at financial investments, especially stocks and futures. But the traditional banking industry is very different from them.
This time, these financial groups must let Feng Yu know that Feng Yu cannot develop the traditional banking industry. Unless Feng Yu allows them to invest in his bank, Feng Yu will be suppressed by them forever!
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