Chapter 1636 (1/2)

“。。。 Despite the bailouts of the Treasury and the Federal Reserve, the U.S. banking industry is still in the shadow of the crisis.

A series of factors, such as falling house prices, economic recession, financial and credit market turbulence, make our financial system extremely fragile. The serious lack of liquidity of financial institutions has also led to a sharp increase in the number of bankrupt banks. From January alone to now, the number of new bankruptcies has reached 10, a record high in nearly a decade. ”

In the face of the little fox who can't get up early and has no profit, Dai Meng, CEO of Mg chase, said after making a eye contact with all the people.

”Ha ha, with the heavy economic losses, bankruptcies and bankruptcies have been common. It's a victory to survive the cold. ”

Andy knows that the Rou show is coming. The old Wall Street tycoons have no way to compete with Yingtai bank. From Bear Stearns to Washington Mutual Bank, Andy finds that these guys are very ugly. They are not only greedy but also aggressive.

Just as a new person in the banking industry, Andy can't be reconciled, unhappy, or help. The Smith family is very powerful, but the family power represented by these bank tycoons is not vegetarian. No one can really do anything in the United States. The United States is not an independent Ci, Jun government country.

As of February 13 the other day, since the subprime crisis broke out in 2007, 35 Banks in the United States have closed down. Andy even bought five of them and established the current Yingtai bank. After that, he expanded the scope of Yingtai bank in the United States by annexing tens of millions of assets and 120 million small banks.

But for the old tycoons like mg chase and Bank of America, it's not Washington Mutual bank or Merrill Lynch that they eat. It's impossible to say that they don't envy and hate.

However, Andy is also very helpless about this situation. After all, the scale of the acquired bank really doesn't look like the medium-sized commercial bank, such as Yingtai bank. Even if Yingtai bank wants to annex people, people don't like it. TM's this is very embarrassing.

”Yingtai bank can make a small profit in such a short period of time in this financial environment. Is it true that, as the legend has it, you will make money?” Kelly, CEO of Bank of New York Mellon, said with a smile.

Everyone in the room chuckled, but they were really envious of Andy Smith's ability to make money.

In particular, the Bank of America and Goldman Sachs, who have cooperated with Andy and made a lot of money from it, have big laughs. Only the CEO of Mg Stanley has a reluctant smile and a constipated expression. They are still alive and dead by Andy Smith.

”They only saw that I made money, but they didn't see that I lost money in investment, Giles clothing, Starbucks and newspapers. Fortunately, I still have some capital. Otherwise, I would have been a dog long ago. At that time, you won't see that the media flattered me, but was ridiculed by everyone.”

Andy picked up the red wine and motioned with the crowd. His mouth turned up. After a drink, he put down his glass, which was not without a cry of self mockery.

”Park Avenue bank's total assets amounted to about $520 million, and the total deposits it absorbed amounted to $494.5 million. It's the second New York bank to be closed this week, serving Jewish communities in Manhattan and Brooklyn.