Reborn Brazil as a Plutocrat

Chapter 422 Bank for International Settlements

When the old fox Charles Morgan heard this, he also said with a smile on his face:

"Yes! It just so happens that Alvin is here, and the three of us can come up with a charter. But here, I also want to explain. It is not a big problem if the local government provides guarantees for highway construction projects with tax revenue.

However, it is definitely unrealistic to ask the local government to deposit the same tax amount as the loan amount into the bank that provides the loan. We must first clarify this.

After all, this is a right that only other people’s central banks have. Besides, if the local government has so much tax revenue that can be deposited in this bank, there is no need for them to let us borrow money to build roads."

In just a few words, Fang Lang's wishful thinking was directly knocked out of the world, and everyone returned to reality.

It even intends to weaken the importance of this bank.

When Fang Lang heard this, he flicked the cigarette ashes in his hand and smiled calmly:

"Mr. Morgan is right, I just said it casually before. But this does not mean that we have no opportunity to use this matter to establish connections with the central banks of various governments!

As long as we can establish contact with the central banks of various countries, does it mean that we have obtained the qualifications to enter the country to engage in financial business?

In this upcoming European aid plan, does having this qualification mean that we can directly provide loans to other industries in various countries? I think everyone knows what this means!

These are the most basic financial businesses, and what I care about is that once this bank establishes contact with the central banks of these countries at the same time, it means that a really big business will open the door to us."

Fang Lang's meaning is very simple. If you, Morgan, want to reduce the importance of this bank, I will increase its importance and prevent you from easily gaining control of this bank.

But the real big business he mentioned at the end still attracted everyone's attention. Eli Morgan and Halken Morgan both looked at Fang Lang with surprised faces, somewhat confused about what the other party was talking about.

What exactly is it.

But after the old and cunning Charles Morgan heard Fang Lang's words, a gleam flashed in his eyes, as if he had made a guess.

Alvin Rockefeller always smiled and said to Fang Lang with a smile:

"Haha. Fang, it seems that you have a better idea. This is really great. Why don't you come forward to set up this bank?

I completely believe in your business acumen, and I am willing to merge our Chase Manhattan Bank into it and join your plan, what do you think?"

It has to be said that old age is still the best. As soon as Alvin Rockefeller said these words, not only Fang Lang's jaw dropped, but also several people in the Morgan family were dumbfounded.

The Morgan family, who had just thought about becoming the majority shareholder and controlling the bank, were kicked out of the organization by Rockefeller's words in the blink of an eye. How could this have happened otherwise, and the three Morgans would be furious.

As for his proposal to merge Chase Manhattan Bank, controlled by his family, into this bank, he obviously wanted to obtain enough shares and voice.

Before Fang Lang could answer, Halken Morgan couldn't help himself and spoke first.

"No, the financial industry is the main business of our Morgan family. We are the ones who specialize in opening banks. The organizational power of this bank must remain in the hands of our Morgan family."

Fang Lang and Rockefeller both frowned when they heard this, but Alvin Rockefeller quickly smiled and turned his attention to Fang Lang.

He looked like he was following Fang Lang's lead.

Of course, Fang Lang would not easily believe Alvin Rockefeller's words. This was obviously the other party's plan. If the Rockefeller family really wanted to merge Chase Manhattan Bank into it, how could he possibly gain control of the bank?

Not to mention the current Global Morgan Bank, Fang Lang is only the major shareholder, owning 70% of the shares, and the other 30% is still in the hands of the Morgan family.

Although the Brazilian Development Bank in Brazil has developed very well in the past two years, Brazil is not the United States, and its size has always been there. If it is merged into this project, it will obviously not be comparable to the Chase Manhattan Bank of the Rockefeller family.

Therefore, not to mention that the Morgan family would not agree to this plan, even Fang Lang would definitely not be able to accept it.

But Alvin Rockefeller's stance still made him very satisfied. After all, there were three members of the Morgan family here, and the two of them together were the only two.

Inadvertently, Fang Lang glanced at the huge clock in the room. The time had already reached two-thirty in the middle of the night. He then looked at several other people who seemed to be still very energetic.

He sighed helplessly and said:

"Everyone, I know what you are thinking in your heart. You all want to get more shares, but it is already late. Can you be honest and show some sincerity?

Don’t waste everyone’s time by dilly-dallying.”

After saying that, he glanced at the people in the room again. When he saw that everyone was waiting for you to speak first, he said helplessly:

"Okay! Since no one is willing to speak first, let me do it first!

First of all, I would like to thank Mr. Rockefeller for his kindness and allowing me to come forward to organize it. But as everyone knows, my main job is the military, and I don’t have much time to manage specific business.

Therefore, I would like to say sorry to Mr. Rockefeller here. I am definitely not suitable as the organizer of this bank. Although what Mr. Halken Morgan said is not very nice, I have to admit that the Morgan family is indeed the leader in the financial field.

A real expert.

Therefore, my opinion is that the Morgan family will be responsible for the specific management of this bank."

After saying that, he glanced at Alvin Rockefeller and saw that he was slowly filling his pipe with tobacco, as if he had not heard Fang Lang's words.

But Fang Lang knew that the other party must also agree with his point of view, after all, he did not offer a rebuttal.

Halken Morgan and Eli Morgan both looked happy after hearing Fang Lang's words. Only Charles Morgan, an old fox, was still waiting for Fang Lang's next words.

"But since everyone is working together, the minimum fairness must be guaranteed. Therefore, my opinion is that the share ratio should be allocated to each company according to 30%, and a part of the remaining 10% should be used for the future of the bank.

Equity awards to management.

Of course, since it is decided to hand over the management of the bank to the Morgan family, this share can also be controlled by the Morgan family."

After Alvin Rockefeller heard Fang Lang's words, he lit his cigarette with a match and looked at Fang Lang and the Morgan family out of the corner of his eye.

He found that Fang Lang was looking at him with very clear eyes and a clear conscience.

Several members of the Morgan family frowned a little. It was obvious that they were not satisfied with Fang Lang's distribution plan. Even Halken Morgan glared at Fang Lang fiercely.

Alvin Rockefeller already had a rough idea at this glance, regardless of whether the previous people had reached an agreement on the distribution of shares.

Now Fang Lang's proposal is definitely not the Morgan family's proposal.

This made him feel relieved a little. From the fact that he actively promoted Fang Lang to organize the establishment of the bank, it can be seen that he did not have much interest in the control of the bank, or he did not have much confidence.

After all, it was Fang Lang's invitation that he was able to participate in this meeting. Judging from what happened, this was also Fang Lang's impromptu idea. As a guest, he had the opportunity to participate, and he had already made a lot of money.

Therefore, he never thought about earning this control. He also knew very well that this control was not something he could fight for.

Fang Lang's distribution ratio is quite satisfactory to him.

Now Fang Lang's eyes were looking at him, obviously wanting to gain support from him. After understanding that Fang Lang was not working with the Morgan family to deal with him, he took a puff of cigarette and gave Fang Lang a reassuring look.

Then he looked at the expressionless old fox Charles Morgan and slowly said:

"Mr. Charles Morgan, I think what Fang Lang said is very reasonable, and I agree with him."

Charles Morgan, whose eyes were slightly narrowed and looked as if he was tired and a little sleepy, heard a glint in his eyes but did not speak.

Halken Morgan on the side stared closely at Fang Lang's face and said very dissatisfied:

"Fang, our Morgan family is very kind to you. We have just agreed to transfer 10% of General Electric's shares to you, and also promised to support the grain export business of your Nice company.

I never expected that you would actually side with the Rockefeller family and betray our Morgan family."

These words made Fang Lang frown. He really didn't understand how someone like Halken Morgan became the chairman of Morgan Company. It would be impossible for a bank employee with even a little bit of emotional intelligence to say such a thing.

!

He really didn't want to discuss these boring issues with the other party, but since the other party opened his mouth, Charles Morgan did not interrupt, so he was not polite and said directly:

"Mr. Halken Morgan, please make it clear that I was not the one who betrayed our friendship first. If I remember correctly, our original agreement was for the Morgan family to assist me in winning the food export project of the European Aid Plan!

The General Electric shares are what Mr. Charles Morgan promised to compensate me."

After hearing Fang Lang's words, Halken Morgan looked dissatisfied and wanted to continue to refute. Mr. Charles Morgan, who had been silent, finally opened his eyes and glared at Halken Morgan fiercely.

He laughed and said:

"Haha. Fang, don't mind, Halken just said it out of anger. I believe that the friendship between us will continue forever. As for your proposal, I think it is very appropriate and I agree with it very much.

But there is a small problem here. If we establish a new bank now, it will be too purposeful and will easily arouse the vigilance of European countries.

I have a new proposal, please consider it and see if it is feasible."

Fang Lang and Rockefeller looked at each other, then looked at Mr. Charles Morgan and said:

"Oh! I don't know if Mr. Charles Morgan has any new suggestions. Please feel free to put them forward. I will definitely listen."

After hearing Fang Lang's answer, Charles Morgan did not answer immediately, but continued to look at Alvin Rockefeller on the other side.

Their eyes met in the air, and they detected a burst of sparks.

"Mr. Morgan, if you have any good suggestions, please don't keep it secret, just say it."

After receiving affirmative answers from the two of them, Charles Morgan said calmly:

"I wonder if you two have heard of the Bank for International Settlements."

Alvin Rockefeller had obviously heard of this bank, so he nodded without hesitation.

Fang Lang was slightly stunned. Fang Lang had really heard of this bank. After all, this bank is responsible for the currency clearing business among EU countries. All investors who speculate in foreign exchange should have heard of it. This bank is responsible for currency settlement.

The international institution that settles these foreign exchange transactions.

But if he remembered correctly, this bank should have been the settlement institution of the OECD at first! The OECD was established in the 1960s and 1970s, so there is no reason that the Bank for International Settlements already existed at this time?

Charles Morgan seemed to see Fang Lang's doubts and thought that the other party had never heard of this bank, so he explained:

"After the end of World War I, Germany, as a defeated country, needed to pay war reparations to the victorious countries. This work was originally the responsibility of the Reparations Commission.

Until 1930, after repeated communication and struggle between our Morgan family and the League of Nations, an international agreement was signed at the Hague Conference in the Netherlands, and it was decided that our Morgan Bank would organize some American banks, such as Citibank in New York, Citibank in Chicago, etc., and the United Kingdom and France.

, the central banks of Italy, Germany, Belgium, Japan and other countries jointly established the "Bank for International Settlements".

According to the agreement reached between the governments of Britain, France, Belgium, Germany, Italy, and Japan and the Swiss government, Switzerland promised to issue a CCB charter to the Bank for International Settlements. The charter stipulates that the Bank for International Settlements has international legal personality and is tax-free. The Swiss government

The bank's property will not be requisitioned, seized or confiscated, and the bank is allowed to import and export gold and foreign exchange, and enjoy diplomatic privileges and immunities.

The role of this bank is to replace the original Reparations Commission, implement the distribution of reparations to Germany and supervise German finances.

But with the outbreak of World War II, this bank was gone in name only.

So, in order to make our purpose less obvious, I think we can repurpose the bank."

Fang Lang couldn't help but be stunned when he heard this explanation. He didn't expect that this bank had been established as early as 1930, and was also responsible for the distribution of reparations to Germany.

This is indeed the case. It was not until 1961 that the Bank for International Settlements (BIS) became the settlement institution among member countries of the Organization for Economic Cooperation and Development. Its purpose gradually changed to promote cooperation among central banks of various countries and provide international financial services.

Provide convenience for business, accept entrustment or act as an agent to handle international clearing business, etc.

He has successively become the agent for the exchange guarantee of the central banks of the member states of the European Organization for Economic Cooperation (Organization for Economic Cooperation and Development), the trustee of the European Payments Union and the European Coal and Steel Community, and the agent of the European Monetary Cooperation Fund established by the member states of the European Community. International

The clearing bank is not an intergovernmental financial decision-making agency, nor a development aid agency. It is actually a bank of Western central banks.

Obviously, what Charles Morgan meant was for everyone to acquire this bank, which now has no original functions, and use his close ties with central banks to directly implement their plans.

Alvin Rockefeller glanced at Fang Lang, who looked shocked, and winked at him. Fang Lang nodded knowingly. Together they said to Charles Morgan:

"good!"

(End of chapter)