Chapter 759 (1/2)

The company is like a beast..

The more hands and feet the beast had, the bigger his body was, and the more intricate the blood vessels under his skin and hair, and the more blood flowed through them. For a company, money is the blood to maintain its normal operation, which supplies blood for all organizations of the company and creates value in circulation.

A series of measures, such as business expansion, operational errors and strategic adjustment, may lead to temporary ”blood loss” of the company. Generally speaking, the best solution at this time is to borrow money from the bank, but futuren group faces a problem.

That's the Bank of Singapore. I'm afraid it doesn't have the ability to transfuse the future group.

So, referring to the practice of Boston consortium and the Rothschild family, Jiang Chen decided to build a blood supply heart for his future people group

what else is more convenient than opening a bank loan for his own group

now that he has decided, he will do it

the next day, futuren group passed through its subsidiaries with a speed of $600 million It bought a California based bank and renamed it the future people bank. This futurist bank is not very large. It has only about 20 branches in California and less than one million depositors. Its total deposits are only 4.8 billion US dollars. The loan to deposit ratio is 71, and there are several bad debts.

Just as people speculated why futuren group wanted to buy this little-known bank far away in California, futuren group announced in a high-profile manner that it would inject 10 billion US dollars into its future people bank, and at the same time, it made a premium merger and acquisition of 11 small and medium-sized banks located in North America, Europe and Asia.

The progress of merger and acquisition is very smooth, mainly because the price offered by futuren group makes the shareholders of several banks unable to refuse at all.

Then, the Bank of futuren began to restructure, integrating the business of these 11 small and medium-sized banks under the same name as the future people bank and directly transformed into a multinational bank.

Penglai City open news is still fermenting, the future group has made a great move. With such a dense acquisition of banks, do they not only want to do Internet, but also directly intervene in finance

the move of futureman group immediately attracted the attention of Citigroup, Morgan and other banks in the United States. Although they don't think that futuren group is a good match for itself in the financial field, the terrible influence of the other party on the Internet still makes these old-fashioned banking giants dare not take it lightly.

And it turns out that their concerns are not superfluous.

After the completion of the restructuring, the bank immediately held a press conference to announce to the media that it had reached cooperation with futuren technology, a subsidiary of the group, and would simplify the payment procedures for virtual reality content. After handling the bank card of futuren bank, futuren technology will automatically register an online banking i for it, which can be activated only after identity verification.

As soon as this move was made, the amount of depositors handled by the future people's Bank immediately increased by a level. However, what really drives people to save money is not because of simplifying payment procedures, but because the current deposit interest rate of future people's Bank is as high as 1, and the interest rate of fixed deposit for one year reaches 4. For the vast majority of ordinary people, this is the tangible benefit.

in the news conference, facing the reporter's questions, the future bank's EO was more outspoken.