Reborn Capital Empire

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Chapter 484 Innovation and Conservation

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Merrill Lynch, Lehman Brothers, Barings, Washington Mutual, there are so many cases like this. If the subprime mortgage crisis in 2008 was not too big to fail, the US government was forced to guarantee capital injection at the last moment, and Citibank would have already died.

In each of these financial crises, conservative banks are often the most viable banks, they can buy a large number of bank assets at a price that is almost free, and overtake in the corner. Wells Fargo, at this point in time, has completed counterattacks time and time again, taking the opportunity to become bigger.

Looking at it this way, is Wells Fargo's business philosophy consistent with Buffett's three views? It's no wonder that the two old guys are so close, touting each other, one has become the "greatest investor" and the other has become the "best bank in the world".

In the risky financial industry, though, being conservative seems to be the more permanent way of doing business. But Guo Shouyun didn't want to spend a lot of time playing the tortoise and the hare. Moreover, when there is already an example of Wells Fargo, simply copying it, don't even think about surpassing her.

Of course, Guo Shouyun will not simply choose innovation. Compared with the dichotomy of foreigners who tend to do things in black and white, Guo Shouyun, who is still a Chinese in his bones, wants the middle way more. Be neither too conservative nor too open, but go the middle way.

"It's really good to take the pioneering and innovative route, and real estate subordinated debt is also a good direction, but if you want to become a big bank, subordinated debt is still too thin."

"what do you mean…?"

"Third-party payment platform. Phoenix has been cooperating with paypal before. Paypal users can increase their wealth through Phoenix's wealth management platform. Of course, limited by the scale of e-commerce today, and the audience of third-party payment is not too large, the cooperation between the two parties is not enough. There were no amazing results. But it also brought Phoenix a monthly asset growth of 9.3. Moreover, this number is still growing. It can be seen that with the development of Internet shopping, third-party payment platforms are the future financial management. It is an important channel. We must firmly grasp this channel and get ahead of Seymour and Citigroup before they react.”

Stephen Bryan, although he has only been in office soon, also understands the cooperation between Phoenix and PayPal.

"I will take this as the main business of the new company."

Guo Shouyun nodded, "Third-party payment platforms are the most suitable for small and medium-sized wealth management and consumer insurance. We in Phoenix are already very mature in wealth management, but insurance is still our gap."

"How many insurance companies do I buy?"

"No! Don't touch the insurance for now."

"why?"

"Paypal's network is for the entire United States, and even includes all English-speaking countries in the world, as well as Europe and South America. To open financial management, we do not need to set up too many outlets, only the network is enough. The balance of financial profit can be directly distributed to The user's third-party account. But insurance does not work. Once the user is insured, it means that when the policyholder has a problem and needs us to fulfill the insurance obligation, offline professional insurance personnel must conduct offline verification and negotiation. This requires a large enough multinational Insurance companies are backing it up. Today we don’t have enough capital to acquire or control an insurance company of this size.”

"Of course, we can also choose to cooperate. But cooperation that doesn't benefit us much, why should I do it?"

Stephen Bryan pondered for a moment, then nodded in agreement.

"Then when will we start the insurance service?"

"Wait. Wait until the new Phoenix Bank is strong enough." Guo Shouyun said meaningfully.

In another five years, the subprime mortgage crisis will break out. At that time, the entire financial industry in the United States and even the world will be reshuffled, and there will be enough opportunities for him to complete his layout in the financial industry.

"...Also, although the Internet business is the future focus of Phoenix Bank, the expansion of offline outlets cannot be relaxed. I do not pursue tens of thousands of business outlets in all cities and villages across the United States like Wells Fargo, but at least one more than 3,000, covering the US banking network."

"I see!"

"Finally...!" Guo Shouyun said calmly after looking at Stephen, "I want to separate the Thunder Fund from Phoenix!"

Stephen Bryan's face changed, the profit of the Thunder Fund was one of the most important financial resources of the Phoenix Company. If it is split out, it will directly affect the interests of him who owns shares in Phoenix.

"why?"

"Although I do not object to your pioneering and innovative business style. However, high-risk investment projects such as futures and foreign exchange markets should not exist in Phoenix Bank. Phoenix can provide customers with futures and foreign exchange investment platforms, but cannot enter this industry by itself. "

Spinning off the high-risk hedge fund Lei Ting is the conservative side of Guo Shouyun's operation of Phoenix Bank.

"If you spin off Thunder, the valuation of Phoenix will drop a lot, which will directly affect your shares in Phoenix."

"I know. However, the departure of Thunder will not have much impact on Phoenix's own capital. What is really affected is Phoenix's premium. But even so, with only the remaining Phoenix Fund, Phoenix Capital and Phoenix Trust, It's also enough to guarantee my holding in the new company, and that's enough!"

As long as you ensure your absolute controlling rights and absolute control over the company. As for whether it is 60 or 70, it is a difference in funding, not a difference in power. If he really needs to increase his shareholding, with Thunder there, Guo Shouyun will use the more funds earned from above to invest in Phoenix.

He believes that with his foreknowledge, the gains from the capital market will definitely exceed the asset appreciation rate of Phoenix Bank. Therefore, splitting the Thunder Fund is the best choice for him.

Looking at Guo Shouyun's firm expression, Stephen Bryan, who knew him, knew that he could no longer change the result.

"Don't worry, Stephen. Your shares in the Thunder Fund will not change with it."

"Thank you. However, I am worried that Rubendstein will abandon this merger plan after learning of your decision!"

"Our original plan was to only acquire the First Franklin Financial Company under the National City Bank~www.wuxiaspot.com~ If he gives up, we will follow the path established at the beginning and take Merrill Lynch as the next target. We have nothing to lose."

Stephen Bryan nodded with a smile.

"Do you still need to see him?"

"No. You go talk to him about this. There's a lot of things in New York waiting for me to deal with!"

"It's not going well with the Roosevelt family?"

"No, it's Unocal's side. Chevron is also interested in it, secretly blocking my acquisition."

"Chevron?"

"good!"

"Unfortunately, after I left Goldman Sachs, I lost its information advantage, otherwise I would have reminded you earlier."

"You come to Phoenix to help me earlier, you have a stronger information advantage than this!" Guo Shouyun waved his hand and said.

"Then what are you going to do?"

"I sold it to the Roosevelt family, of course I have to make good use of their strength."

Stephen Bryan nodded, "If I hadn't left Goldman Sachs and came to Phoenix, I'm afraid this matter would have been settled by now."

Poaching the highly capable Stephen Bryan from Goldman Sachs undoubtedly disgusted Goldman's board of directors. Goldman Sachs, which originally assisted Anping in its acquisition of Unocal, became ineffective. But even so, Guo Shouyun did not regret it.

Top talent is far more important than wealth, and the acquisition of Unocal did not fail, it was just delayed for a while.

"You are more important than Unocal!"

Looking at Guo Shouyun's undisguised appreciation and trust, Stephen Bryan, although he has been in the workplace for decades and the city is bottomless, can't help but feel a little more moved!

"Thank you!"

"You're welcome, let's go! Let's go around again."

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