Chapter 586 (2/2)

”Charlie, are we really going to be an investment bank?” After discussing the trust bank, Jonathan talked to him about the nature of the business.

”Do you think commercial banks are more secure?” Li Zitao asked.

”Of course, no one can guarantee whether the future banking law will relax the regulatory conditions. Moreover, we need to take into account the impact of the supervision on the financial market.”

Seeing Li Zitao's expression of thinking, Jonathan went on to say, ”I received the news that jp. Morgan decided to completely separate the investment business and keep the main business model.”

For most financial institutions in this period, the choice of JP. Morgan was like a big wind vane.

Even he chose to continue to be a commercial bank. When choosing, others became more cautious. Except for the company focusing on or business completely inclined to the investment field and unable to transform, other institutions preferred commercial banks.

”Have you ever considered the consumer attitudes of American citizens?” Li Zi Tao raised his head and asked a new question.

”In the 1920s, think about how crazy people's consumption was at that time. In order to attract savings, the major banks raised the interest rate to 22%, and what was the effect?”

Hearing Li Zitao's words, Jonathan seriously said, ”I know what you said, but when the great depression comes, people will remember the lesson of this time.

this is Wells Fargo's latest business table to see the increase of savings users.”

Jonathan took a form from front of him and handed it to him. The rising number of depositors was the best explanation for his concern.

”Jonathan, man is an optimistic, forgetful creature, and we are very adaptable. Maybe you only see it and not see it.”

Li Zitao hooked up with EVA behind him, and several reports were put in front of them.”This is the growth point of the interests of Hualian and jingongmen collected by think tanks in the past six months. Previously, except for expansion, the growth rate of other times was less than 2%

Li Zitao picked up the report with a smile and pointed to the green line of rocket like growth in the middle. ”But since the third quarter of last year, the growth rate in the first quarter was 13 percent,

it was 33 percent in the fourth quarter. In the first quarter just completed this year, the growth ratio was as high as 62 percent.”

”Gee... Are they all crazy?” Jonathan said with a wry smile.

”Maybe you should take the time to take a closer look at Waldorf's operations and you'll see that the market is reviving and will only get better in the future.”

Li Zitao admitted that commercial banks are more stable, with relatively high liquidity and security, strong anti risk ability and less policy interference.

But he has to consider the interests of the whole group, and Wells Fargo is more inclined to the investment banking sector, which is beyond doubt.

Traveler's checks and rich country Centurion cards, as well as the ongoing billing system, are the main sources of income for rich countries.

Chase Bank of Manhattan has always focused on the field of commercial banking, and has a good reputation and recognition in the hearts of citizens.

In the case of the need to clarify the nature of business, of course, to choose their own areas of expertise to continue to move forward.

”The service department and the financial investment department have officially entered the independent operation mode from today. The service department is still in the charge of Jonathan. After the unanimous decision of the board of directors, Juliana will be the CEO of the financial investment department.”

Juliana used to be the head of the investment department, but she was only the manager of the investment department. Jonathan was the CEO of Wells Fargo.

But as far as the position is concerned, Juliana is one level lower than Jonathan. After the new appointment, their positions will be equal.

The service department and the financial investment department will become two independent operation departments, responsible for their own profits and losses, and are directly responsible to the board of directors.

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