America's Road to Wealth

Something big happened on Wall Street in December.

J. P. The Morgan Company and the Chase-Manhattan Company officially merged.

This incident announced that the two largest financial forces on Wall Street had merged into one.

Chase Manhattan Bank, commonly referred to as Chase Bank. Also known as Chase Manhattan Bank.

If it's just the name, outsiders may not know the status of this bank.

Let's put it this way, it is the financial center of the Rockefeller Group.

As for the other company merging with Chase, J.P. Morgan \u0026 Company.

Just like its name, it is the core of the Morgen Consortium.

The two companies issued a joint press communiqué on September 13 this year, saying that the two banks intended to merge.

After the news was announced, many people thought it was a joke.

Morgan and Rockefeller merge?

Are you kidding me?

Because this incident seemed quite absurd, it caused a heated discussion in the United States for a day or two.

There was no news after that.

No one believed it.

As a result, in December, the two companies actually officially announced their merger.

After this, now in the year 200.

Morgan Chase Bank, with total assets of US$660 billion, officially appeared on Wall Street.

According to David Mellon, this is——

"The Federal Reserve and FDIC are crazy! They actually made a Tyrannosaurus rex and a shark merge!!"

The entire Wall Street was in an uproar, and many people did not expect it.

These two giants have really joined forces.

The birth of JPMorgan Chase suddenly caused turmoil in the entire Wall Street.

On the contrary, Abel was relatively calm.

Among his few memories of the United States was the merger of the two banks.

He knew that it had only been about fifteen years since their merger.

It has developed into a company with total assets of US$2.5 trillion and total deposits of US$1.5 trillion, accounting for 25% of the total deposits in the United States. It has more than 6,000 branches and is one of the largest financial services institutions in the United States.

But before that, apart from the surprising origins of the holders behind them.

These two banks are not very good on Wall Street, whether in terms of business or performance.

For all of last year, Chase's annual revenue was only $22.2 billion.

J.P. Morgan's annual revenue is only $8.8 billion.

The two giants have a combined revenue of just over 30 billion US dollars.

The profit is not even 5 billion US dollars.

This revenue is not even comparable to the four major investment banks.

Of course, this is related to the fact that they are mainly engaged in commercial banking business.

Commercial banks have never been able to compete with investment banks in terms of revenue.

In the United States, the banking system is dominated by commercial banks.

A vast system that includes the Federal Reserve, thrift institutions, savings banks, investment banks, and specialty banks.

In it, there are 9613 banks, large and small.

There are more than 6,000 commercial banks.

Followed by savings banks, there are about 2,000.

Then there are investment banks, about a thousand or so.

The remaining few hundred are investment banks, savings institutions and professional banks.

Thrift institutions generally refer to the twelve Federal Reserve Banks.

Specialized banks include targeted banks such as the World Bank.

As for the Federal Reserve, there is only one.

In fact, it is the headquarters of the twelve Federal Reserve Banks.

In other words, the Federal Reserve, the world's central bank, is composed of these twelve.

Unlike other US banks.

The shares of the twelve Federal Reserve District Reserve Banks are not traded on the market.

And there are regulations that their shares are only allowed to be transferred within shareholders.

If you didn’t get their shares when they were established, you will basically never get their shares again.

When it comes to the Federal Reserve, it has too many secrets.

Its secrets are not known even by many high-ranking officials in this country.

Congressman Wright Patman of the last century.

This man served as chairman of the House Banking and Currency Committee for 40 years.

For 20 years, he continued to advocate for the abolition of the Federal Reserve.

The congressman has also been trying to discover who actually owns the Federal Reserve.

In the end, he announced that he could not find out who owned the Fed.

As for whether I really didn't find it, or whether I did, I don't dare to say.

Only the congressman himself knows this.

In short, the establishment of Morgan Chase announced the birth of a super giant of American commercial banks.

It's no wonder Wall Street is in a turmoil because of its emergence.

It dominates all financial news.

Abel's American Pacific Bank of Commerce.

On December 20, we successfully merged and acquired 7 small commercial banks again.

It seemed calm.

For a month or so, the dollar bill stick was wielded in Abel.

After spending about 13 billion US dollars in cash flow.

Today, American Pacific Commercial Bank has 112 branches.

It is a medium-sized bank with total assets of US$12 billion and assets under custody of approximately US$100 billion.

At the same time, this also consumed most of Abel's cash flow.

But both Abel and David Mellon thought it was worth it.

From now on, Smith Capital finally has its own capital circulation center and settlement bank.

Pacific Commercial Bank has also officially become the settlement bank and financial core of Abel's series of enterprises.

Many companies under Abel Holdings.

For example, MGM, CAA, AMC TV, ISA, YKM, New Starting Real Estate, and Rock Security all transferred most of their business to Pacific Commercial Bank.

Google, ideo and other companies affected by Abel Investment Holdings have also transferred part of their settlement business to the United States Pacific Bank of Commerce.

Just these companies gave American Pacific Commercial Bank billions of dollars in new business.

Doing so would be beneficial to both parties.

For American Pacific Commercial Bank, it created a lot of extra business.

You can earn more fees and interest.

For these Abel-owned companies, there is a brother bank of their own.

It can also be safer when conducting fund settlement.

At the same time, in case you need a loan in the future.

If you have your own brother bank, you can also get certain discounts in terms of loan interest and term.

This is why the financial core of American financial groups will always be banks.

Who said that in the modern business system, commercial banks are already an indispensable and core part?

For Abel’s current core company, Smith Capital.

When it invests in the market, it no longer has to completely monitor the flow of funds.

It has its own settlement bank and financial turnover center.

It is not that easy for Wall Street giants to continue to monitor Smith Capital.

It was also on December 20th.

Smith Capital’s second and third phases of private financing were completed, raising US$10 billion.

Let American Pacific Commercial Bank earn more than 30 million US dollars in underwriting fees in one fell swoop.

Originally, this money was earned by those Wall Street giants.

For example, the four major investment banks were involved in Smith Capital’s first private placement.

The four of them alone made more than four million dollars in profit.

The money now goes to Abel's left hand and his right hand.

It flowed around and finally ended up in his own pocket.

These two private placements raised a total of US$10 billion, but the subscription amount reached US$18.2 billion.

Subscription time is thirty-six hours.

It was also on this night.

It caught many Wall Street giants by surprise.

The investment direction of Smith Capital this time.

It turns out that the international foreign exchange or futures market is no longer very risky, but the profits are also very high.

This time Smith Capital, this huge cash flow, began to enter the US stock market.

What makes the Wall Street giants even more distressed is that this time Abel, who has always liked to play with leverage.

No leverage was used!

Or they don’t know it even after using it.

Because if American Pacific Commercial Bank provides leverage.

They have no way of knowing the exact flow of Qingyong’s funds!

It's much easier to keep an eye on the capital flow of an investment company than to keep an eye on a commercial bank with more than hundreds of billions of dollars in custody!

Because they are not used as middlemen

Together with Smith Capital, it already has its own capital turnover center.

That is American Pacific Bank of Commerce.

This makes Smith Capital's investment relatively secretive to Wall Street giants.

Many people are unable to immediately know the investment direction of Smith Capital as before.

Everyone spent a long time, used many relationships and channels, and wasted a lot of favors and money.

Only then did we basically find out the general investment direction of Smith Capital this time.

In other words, if you want to check, you can still check roughly.

It's just not as easy to know and as detailed as before.

What everyone has found now is just some general flow directions.

But how much money, exactly how much and when.

It's hard to find out.

After seeing this, they re-investigated and came up with the results.

Everyone discovered that Abe Smith had changed his gender!

Forget it if he doesn’t play foreign exchange or futures, he doesn’t even play leverage anymore.

Forget it if you don’t play with these.

This time, he actually dispersed tens of billions of dollars into more than 100 companies in the US stock market.

On average, approximately US$120 million is invested in each stock.

This investment style changed the impression he gave everyone before.

Everyone discovered that this guy changed from a gambler's investment to a fisherman's investment.

What is fisherman style investment?

Just like a fisherman fishing in the sea, he throws down the big net one by one.

The fisherman doesn't care what he has to work for or what he can catch.

This completely different investment style immediately made the Wall Street giants who were keeping an eye on him very uncomfortable.

Everyone has been studying his investment style for almost a year.

Some companies have already simulated his investment model.

Although you can't really follow this model, you will gain as much as him.

But just follow this model and follow Abel's investment actions.

Many times, Abel was eating meat in front of him.

These middlemen can also follow him and mix a mouthful of soup or a mouthful of meat.

Like Merrill Lynch before it, for reasons that Charlie Scharf insisted on.

During Abel's many investment actions, they quietly learned from Abel several times.

Although they didn't earn as much as Abel, they still made a lot of profits.

This is why everyone likes to stare at him.

And they are not the only Wall Street firms to do this like Merrill Lynch.

Mainly because everyone wanted to follow him, watch him eat meat, and see if they could take a sip of soup.

If you have the chance, you can bite him hard when he is not paying attention or distracted when he is eating meat.

This latter approach was because Abel acted quickly.

So far, no one has bitten flesh on Abel.

But soup is also good. You can feel full even if you drink too much soup.

But now, Abel has changed his investment style.

This made a large number of Wall Street giants who followed him and wanted to eat some soup were stunned.

At the headquarters of PNC Financial Services Group.

Sally Winston, CEO of the group company, said somewhat depressedly to Lincoln, general manager of BlackRock Investment, a subsidiary of PNC Financial Services Group:

"Why did he change his gender? The company's analysts are not saying that all previous transactions should have been made by David Mellon."

"After he comes back, he will definitely come back with revenge. Or will he take a severe cut of the market?"

"Then why does he no longer do foreign exchange or futures? You must know that before this, he had never entered the US stock market."

PNC Financial Services Group is a financial company headquartered in Pittsburgh, Pennsylvania.

Regardless of its reputation in investment business, it is far inferior to the four major investment banks at this time.

But its investment business is actually not inferior to that of the four major investment banks.

PNC's wealth management business began with the merger of two trust companies in the 1990s.

In the mid-1990s, BlackRock Investments became part of PNC Asset Management.

In 1999, PNC acquired First Data Investor Services Group.

This company is a major provider of mutual funds and other investment vehicles.

The acquisition solidifies PNC's position as a major global provider of investment services.

In 2000, BlackRock Investment had become one of the largest listed investment management companies in the United States.

In later generations, with the support of PNC Financial Services Group.

BlackRock has even become the world's largest custodian institution.

At its peak, BlackRock held more than $11.5 trillion in funds!

Of course, now in 2000.

BlackRock is not that exaggerated.

Even with the support of PNC Financial Services Group.

At this time, its custody funds are only around US$1.2 trillion.

Currently ranked in the top five in the United States.

There is still a long way to go before we are number one in the world.

And the reason why it can become the world's No. 1 managed fund in the future.

This is naturally related to its very good annualized return.

Just because it can make money, the rich are willing to believe in it.

Only then are they willing to put money into it for investment and financial management.

In the end, it reached an exaggerated scale of ten trillion US dollars.

Since May this year.

BlackRock has actually been sneaky and followed Abel to drink soup many times.

Abel made more than 10 billion in half a year, and BlackRock made more than 3 billion in half a year.

The reason why there is so much less is not because BlackRock funds have no capital.

On the contrary, the worst thing about the BlackRock fund, which is backed by PNC Financial Services Group, is the principal.

The reason why the income will be so much less than that of Smith Capital.

This is related to the fact that BlackRock Fund did not trust Abel at that time.

After all, it is a follower in these investments, and it is also worried about being cheated by Abel in front of it.

In addition, when it comes to exiting and entering the market, it is naturally impossible for the followers to react as quickly as the forerunners.

Investments in BlackRock funds have experienced some profit retracement.

This makes it impossible for BlackRock Fund to compare with Abel in terms of income.

It was originally after this Smith investment reception.

Because I saw Smith Capital’s amazing profits.

Many Wall Street firms, including BlackRock.

They were all thinking that they might as well just drink soup with Abel from now on.

To put it simply, it is a direct imitation of the pace of Abel Investment.

Just like the large amount of hot money following the Soros Quantum Fund.

Soros or Abel rushed in front, and these hot money followed behind to make a living.

But this time after Abel's investment reception, Smith Capital actually conducted several transactions a month.

But the amount was very small, and it was sniped by some cheap Wall Street giants.

He was successfully sniped!

This made everyone realize that those investments may not be Abel's behavior.

It’s Smith Capital’s behavior.

Everyone saw this later.

Now, the Wall Street giants have been quiet for a month in Abel.

It's time to finally take action.

Everyone also took action.

Those who want to follow him to drink soup are making preparations, and those who want to find an opportunity to snipe him are also making preparations.

result

Abel actually doesn't do hedging like foreign exchange or futures anymore.

He went to the US stock market!

Faced with the depressed words of the CEO of the group headquarters.

The general manager of BlackRock Fund, Lincoln thought to himself, how do I know.

Lincoln responded:

"Maybe he has reformed? Maybe he knows our movements and behaviors? He doesn't dare to take risks, so he chose the relatively safe stock market?"

Sally Winston was not a good judge either.

Mainly because Abel's sudden change in investment style surprised everyone.

It's like a guy who is used to drinking and eating meat every day, and suddenly one day says he wants to become a vegetarian and become a monk.

When everyone sees it, of course they will be very unaccustomed to his change.

After thinking for a while, Sally Winston still said softly:

"Judging from the current situation, we choose to observe for the time being."

Lincoln agreed.

"I think so too. Because I think the sniping behavior of those cheap guys has made him realize that he is being targeted by us!"

Sally Winston agreed:

"Absolutely. Otherwise, he would not have spent so much money to set up his own commercial bank in such a short period of time."

Regarding Abel’s sudden change in investment behavior.

The two giants of PNC Financial Services Group could only judge the reason why he suddenly became cautious.

It was because he noticed that some people on Wall Street were attacking him.

This made Sullivan and Lincoln couldn't help complaining at the same time.

Complaining about the guys who made millions of dollars from sniping last month is disturbing everyone.

Let Abel be wary now.

From now on, let everyone choose whether to follow the trend or snipe.

The difficulty will be increased several times.

But Wall Street is inherently pissy.

Want to bring everyone together.

Even the first generation Morgen and Rockefeller couldn't do this when they were reborn.

Just like the capitalists behind many other interest groups in the United States, they themselves cannot be united.

There are many hills on Wall Street, and there are also many hills in the United States.

Sally Winston and Lincoln obviously couldn't get everyone to obey.

In the end, a few mouse droppings spoiled everyone's pot of good soup.

Rat shit in the minds of the two giants of PNC Financial Services Group.

Merrill Lynch's investment arm doesn't think so at the moment.

Merrill Lynch's investment department was the company that attacked David Mellon's several attempts at foreign exchange investments last month.

On those investments, Merrill Lynch made millions of dollars.

The person who led these sniping operations was Mr. Stanley O'Neill, the president of Merrill Lynch.

Merrill Lynch Chief Financial Officer Charlie Scharf objected.

But today's Merrill Lynch, even CEO David Komansky is about to be ignored by O'Neill.

Charlie's objections had no effect at all.

And afterward, O'Neal proudly said to Charlie:

"Look, the invincible Wolf of Wall Street is not scary! Didn't he still lose to Merrill Lynch?"

This incident once made Stanley O'Neill's already high prestige in Merrill Lynch even higher.

Fortunately, Merrill Lynch discovered it later.

These transactions of Smith Capital should not be presided over by Abel Smith.

It was David Mellon, managing director of Smith Capital.

Only then did O'Neill's voice in the company become lower.

It also allowed Merrill Lynch CEO David Komansky to avoid the terrible possibility of being replaced early.

Now I originally wanted to follow Merrill Lynch and have a sip of soup, or try to see if I can continue to snipe.

Now I am watching Smith Capital invest more than 100 billion U.S. dollars in stock market investments in more than 100 U.S. stock companies.

In the office, Stanley O'Neill was a little dumbfounded.

"Invest in U.S. stocks, but not in international foreign exchange?"

The most powerful black CEO on Wall Street muttered to himself.

Next to him, Charlie Scharf remained silent.

"Charlie." O'Neill did not let him go, "What do you think Smith means by doing this?"

Charlie thought how could I know.

But as the company's CFO, he has to answer questions in this regard.

Charlie Scharf could only try:

"Perhaps it was our sniping behavior last month and the beginning of the month that made the other party aware of the risk? Smith was worried about the risk and decided to put the funds in safer U.S. stocks?"

This is a bit like Stanley O'Neal.

After all, Merrill Lynch's sniping behavior at the end of last month and the beginning of this month.

It was O'Neal's choice that he insisted on making, and it was he who took the lead.

This is as close as pointing to O'Neal's nose and saying - you are the one who alerted the snake!

But this explanation may be the most realistic.

What makes O'Neill even more helpless is that Smith Capital has invested in hundreds of U.S. listed companies.

They are spread across four U.S. stock exchanges and three major stock indexes.

There are companies invested by Smith Capital in more than ten major categories and more than thirty sub-categories.

There is no trace of Abel's investment strategy, choices and trend this time.

Let everyone on Wall Street be completely traceless! !