Extraordinary Genius

Chapter 1868: Old Morgan's thoughts

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"Feng Yu acquired a British bank, a large commercial bank. What do you think of this?" Stan Morgan closed his eyes and leaned on the sofa.

"Feng Yu originally had shares in a commercial bank. Recently, he has acquired a lot of related companies in the United States. It seems that he is going to enter the banking industry in a big way."

"Furthermore, Feng Yu himself is good at financial investment. The banking industry is the foundation of the financial industry. We have long thought that Feng Yu would expand this business, but we did not expect that he would start so soon and the momentum would be so rapid. .”

"But compared to our Morgan Stanley, Feng Yu's bank is not worth mentioning at all. The British bank he acquired only has a storage capacity of 20 to 30 billion pounds, and his Minsheng Bank is probably still Less than $20 billion in storage.”

Which of these giants in the banking industry doesn't control trillions of dollars in assets? They don't even pay attention to banks with just tens of billions of dollars.

Stan Morgan opened his eyes suddenly: "Then have you calculated the value of the securities they control? Have you calculated their business in China? Do you know how many branches Feng Yu currently has?"

The Morgan consortium can still stand today not only because they have strong financial resources, but also because they are cautious enough. Every decision is not made lightly.

Otherwise, if there are so many rich people who have risen in history, why do most of them disappear later

The Morgan consortium is very powerful, but it can't be said to be comparable to those ancient families in Europe. Who knows how deep the foundation is there.

Feng Yu is currently the fastest-rising rich man. A star can even block the brightness of the moon. If you think that Feng Yu is just lucky, you are totally wrong.

No matter how lucky you are, it is impossible to make money in everything you invest in. No one has such strong luck, so in the final analysis, it is Feng Yu's ability.

Among these large financial groups, none of them had investigated Feng Yu's background information. They originally thought that Feng Yu was from a certain family in China, but later they discovered that Feng Yu had no background at all.

Relying on one's own efforts, he managed to create such a big industry. The first time Feng Yu let them know his name was in the early 1990s. He took out a large amount of loans from the former Soviet Union and then invested it in the crude oil futures market. He short-sold crude oil with high leverage and made a lot of money.

At that time, most financial experts analyzed that the price of crude oil was going to rise, but this person actually predicted that crude oil would fall and bet all on it. This kind of confidence and ability made them feel terrible about future generations.

Then during the Asian financial crisis, this Feng Yu was able to contact many wealthy people in Hong Kong, and they joined forces to defeat Soros miserably, and also made a lot of money.

It was also at that time that Feng Yu's net worth skyrocketed again and he truly became one of the world's top rich men.

Later, Feng Yu became a shareholder and director of Microsoft, and he really entered the sight of large consortiums like them. Then he saw Feng Yu investing aggressively in Internet-related industries in North America.

But it was Feng Yu who burst the Internet bubble, which they couldn't understand at the time. It is said that the bigger the bubble is, the more Feng Yu, who has invested in so many Internet-related industries, can earn.

As a result, after the decline of the industry, the industries Feng Yu invested in prospered, and now many of them have developed into the best in the industry. They really admired this kind of investment vision.

It seems that Feng Yu can always find companies with great potential. Their Morgan consortium also invests, and they invest a lot, but in terms of return on investment, it is far from comparable to Feng Yu.

However, they also knew about Feng Yu’s original investment. Feng Yu always gave the founder enough profits and gave the other party enough power and respect, which they, the Morgan consortium, could not do.

Normally, if I invest the most money, I should have the final say in this company. It doesn’t matter if you are a founder or not, and it doesn’t matter if you know this industry better than me.

Is there any industry that our Morgan consortium doesn’t understand? Even if we don’t understand, we can know everything if we want to! You understand, you can only work for us!

In this financial crisis, Feng Yu actually achieved another great victory. It is said that he has made several times the profits just from trading crude oil futures, and has also made gains from investing in other financial products. His wealth alone is equivalent to that of a medium-sized consortium!

When Feng Yu got the payment package and Bei Bao, they suspected that Feng Yu would one day want to enter the traditional banking industry. The payment package and Bei Bao were challenges to their traditional banking industry. After they boycotted, Feng Yu also took a step back. In terms of wealth such as cash retention and current accounts, their traditional banks still took advantage.

Now Feng Yu has really begun to enter the banking industry in a big way. In North America, many branches and business outlets have opened at the same time. At this time, Europe has also begun to make arrangements. Feng Yu has a big plan!

At this time, all banking industries were affected by the financial crisis, with turnover and profits declining, and almost all banks were laying off employees. Feng Yu chose to expand at this time, which suddenly made many people see Feng Yu's powerful.

Moreover, after Feng Yu acquired so many financial companies, many businesses were opened directly. It was extremely difficult for them to restrict the development of Feng Yu's bank.

If they openly squeezed out Feng Yu's bank at this time, it would cause serious damage to the reputation of the United States. Only then did they understand that Feng Yu's choice of time also had deep meaning.

They watched the other party expand, but they were helpless.

Now it seems that the development of Feng Yu's banks is not very good. Although they have acquired a lot of business, most of them are still losing money, especially the Minsheng Bank's deposits are very low.

But they have not forgotten how Feng Yu promoted payment packages and Baibao. Feng Yu stood up and used his own name as a guarantee, which actually gained more trust from customers than more powerful banks like them.

It can be said that when it comes to personal brands, the helmsmen of large conglomerates, and even the president of the United States, are far from being able to compare with Feng Yu. The title of the world's richest man has a great addition to Feng Yu's reputation.

The Internet, electronics and other products that Feng Yu made before had an impact on their interests, but not much. But now Feng Yu has entered the banking industry in a big way, which has touched their cake.

Feng Yu may be very good at financial investments, especially stocks and futures, but the traditional banking industry is still very different from those.

This time they are going to let Feng Yu know that you, Feng Yu, cannot develop the traditional banking industry. Unless your bank lets us take shares, you will be oppressed by us for the rest of your life!