Chapter 245 (1/2)

”I agree.” Juliana was the second to agree.

”Can you fully represent the Rothschild family?” Asked little Jack Morgan.

”Of course, otherwise why should I sit here?” Juliana asked.

”I agree.” Seeing that the two agreed, little Morgan could only vote for it no matter what he thought, otherwise he could only be excluded.

As for Li Zitao and Jonathan, the plan was originally put forward by them. Would they still oppose themselves?

At the end of the meeting, Wells Fargo executives went to 48 states with contracts in their hands. They were influential, but still alive, city banks.

Although the McFadden act forbids banks to set up branches across states, it is still the old saying that there are policies at the top and Countermeasures at the bottom.

Bank holding company, group banking system, is the best solution to deal with legal regulation.

Li's group appeared in the eyes of the world for the first time.

Then a series of dazzling acquisitions, let Wall Street marvel, another capital giant is rising.

In just one month, Li's group acquired 58 financial institutions in the United States, with more than 25% of the shares.

These include the original Wells Fargo, CHICAGO United National Bank, Philadelphia National Bank, Washington State mutual bank, Los Angeles first bank, San Francisco mining trust, Houston guarantee trust and other new financial institutions.

Its acquisition of Citibank 1 and Citibank's equity structure were completed respectively.

The largest individual shareholder is Li Zitao, accounting for 33.5% of the shares.

The Rothschild family accounted for 37% of the shares.

JP. Morgan accounted for 15%.

The Rockefeller family accounted for 10%

senior private partner, and Jonathan accounted for 4.5%.

This is the most extensive and most influential joint venture acquisition since the great depression.

The newly established Li's group has a strong signal to the outside world.

Three of America's oldest families, a European financial empire's home, and a rising star giant in the United States.

The power of the combination, even the established consortia, was shaken by calls from Cyrus McCormick and Harvey Firestone in the early hours of the day.

”Charlie, your big moves are shaking America.” Cyrus, who had been sitting in front of the phone all day, said in a strong spirit.

”Cyrus, it's just normal business cooperation.” Li Zitao was also exhausted.

On that day, he received nearly 100 phone calls, and the phone calls from the Secretary's office and think tank kept ringing until late at night.

”Why there is no first National Bank of Chicago.” That's what Cyrus called for.

This huge financial system, even if it is just taking shape, has already shown us its huge potential.

”The main business of the Chicago consortium is not in the financial sector. Don't be kidding.” Li Zitao interrupted the topic with a ha ha.

The reason why there is no first National Bank of Chicago is, of course, his United National Bank of Chicago.

Instead of using his own bank, he put in a hungry wolf to rob himself of the cake. Li Zitao would do this if his brain was sick.

And as he said, the influence of Chicago consortia is not in the financial sector.

If it wasn't for the good relationship with Rockefeller and Lawrence's reasons, even the oil tycoon would not have informed.

For Li, all he needs is Morgan and the Rothschild family.

Jonathan then ran the fledgling financial trust, and no one else was indispensable.