Chapter 587 (1/2)

The adjustment of business direction is the next important play, which is very important for any financial institution.

Next door to Wells Fargo, Morgan Stanley was officially established with Harry Morgan and Harold Stanley as the main partners.

JP. Morgan's business is the most complex in the world. Harry Morgan's time to complete the split and business communication is one year.

That is to say, it will not be until the middle of next year when Morgan Stanley officially opens business.

Wells Fargo is also busy with the handover with Wells Fargo chase, and one third of the employees in the investment department will lose their jobs.

However, Wells Fargo chase will re hire them to cope with the increase in business volume and contact with the handover customers.

At the same time, Wells Fargo is hiring aggressively, and they need to expand new departments and staff.

It includes investment banking department, sales and trading department, asset management department, risk control and market research department.

50 think tanks entered the market research department to lead and maintain the operation of the Department, so that rich countries can open up the situation in the capital market as soon as possible.

During the handover process, Juliana frequently said that it should be delayed for a period of time.

As the last banks to close their lending business during the great depression, they have a lot of good assets in their hands, and these industries are generating huge profits for rich countries.

But at this time, all the money should be transferred to chase, and only a sum of compensation would be received. ”We should wait until next year like Stanley.”

”Don't want a list of clients from Chase.” Li Zitao said without being angry.

How could this woman become more and more greedy? Although chase took over the business and profits, rich countries also got their IPO customers, especially Chrysler and standard oil.

The IPO consultation of these two companies has always been entrusted to chase, and from now on, it will also be transferred to Wells Fargo.

The issuance of stocks and bonds of the two enterprises alone will make them a lot of money.

It's just like being promoted and recognized by the top leaders of the industry when they just enter the industry, and they are the ones who are fully supported by the big guys themselves.

As long as Juliana does a good job in the business of the two companies, she can immediately get the recognition of the capital market and gain a firm foothold.

”Well, that sounds fair.” Juliana said with a smile.

”It's you who take the shit. If it wasn't for glass Steagall, chase would never have agreed to give up the business.”

If Juliana doesn't do well, Datong's management will hate her all her life.

Bank restructuring is very troublesome, especially in this era of no computer, tons of paper materials can make the most patient people collapse.

Recently, the most popular place for the banking industry is the newly established FDIC

There are companies to pay insurance benefits, there are companies to return insurance benefits, generally speaking, or to pay more.

After all, without capital support, investment banks are playing for nothing. They are demanding, risky and highly competitive. They are really not small fish and shrimps.

A little carelessness is the end of ruin. Compared with commercial banks, commercial banks are more secure and more in line with the positioning and needs of small cities.

After spending two days with Juliana in New York, Li Zitao had to transfer the battlefield to the green bud apartment in Manhattan.

This is Joey's place, a formal mid-range apartment, located in upper Manhattan, 112 blocks away from St. John's Cathedral.