Starting My Treasure Hunting In England

The U.S. banking industry is very developed. In addition to the three major super banks (JPMorgan Chase, Bank of America, and Wells Fargo), small and medium-sized banks are also an active force in the U.S. capital market.

Among the more than 8,000 banks guaranteed by the FDIC, there are only more than 100 large banks ranked among the top 400 in the global banking industry, and most of the remaining banks are small banks.

With their advantages of innovation and flexibility, these small banks are often able to accurately find target markets and survive strongly in the cracks of giants.

However, as a small bank, it also has its own weaknesses. The most fatal one is that it is not sufficiently capitalized, so if there is any problem, it is easy for the funds to be disconnected and disappear completely.

For example, this is the case with the bank Elizabeth Bathory acquired this time. Failure to collect an important loan caused a chain reaction, and in the end the only option was to be acquired.

"This kind of small bank is indeed less risk-resistant, but if it is embedded in our entire industry, it can just make up for our current shortcomings." After seeing Liang En shift his focus, Elizabeth quickly explained.

"Furthermore, this bank only has four business locations and more than 30 employees. The internal relationship is simple. It will be relatively simple to sort out the situation inside."

"Indeed, sometimes personnel issues can be a big problem." Liang En nodded and said, "But it should be difficult for such a small bank in Rhode Island to develop even if it is straightened out. Investment banks are too simple to integrate business. It’s luxurious.”

"You are right, my lord." Elizabeth Bathory nodded and said. "But the biggest reason why I am willing to choose this bank is that this bank has a long history, so it has some very valuable documents."

"For example, this bank has two overseas access documents, one for Cuba and the other for Philippines. The Cuban one was invalidated in the 1950s, but the Philippine one is still valid."

The Philippines and Cuba were once the most important vassal countries of the United States, so American banks at that time could easily obtain admission permits from those countries. There was no difference between opening a bank there and opening a bank in the United States.

"These documents sound valuable." Liang En frowned when he heard this. “But if banks had this thing, how did they get to where they are now?”

Being accepted by other countries is a very valuable thing. After all, it is unlikely that countries will completely liberalize their finances, so this kind of admission permit is very valuable, and it will make you bankrupt with the admission permit. People feel a little weird.

"This is mainly because the Philippines is no longer an American colony." Elizabeth Bathory shrugged helplessly, "So although the other party still retains these permissions, it has imposed various restrictions. "

"Unfortunately, for the vast majority of U.S. banks, they are simply unwilling to invest overseas under such restrictions, so many banks will not invest even if they are qualified."

"The problem of the bank we are acquiring now is more realistic. They can't even operate their own local bank, let alone set up overseas branches or make overseas investments."

"It sounds like you are planning to open a branch in the Philippines." Liang En asked curiously after hearing what Elizabeth said. “Can we guarantee profitability if we open a branch?”

"Yes, but the profit may be very slim at the beginning." Elizabeth said this and looked at Liang En with a smile. "This is all thanks to the foundation you laid before, my lord."

"What do you mean by the foundation I laid?" Liang En was obviously confused after being praised by Elizabeth because he couldn't remember what he had done in the Philippines before to receive such praise.

"It's your plantation and your factory." Elizabeth opened her eyes and said, "I remember that you had a large plantation and the largest local factory there, which solved the employment problem of at least more than 3,000 local people, so I It would be a good idea to open a branch there to do small loans.”

"Has it developed so fast over there?" Liang En showed a surprised expression, because before, he was just freeing up the business there. Not only did he not withdraw any money from this place, but he also invested 40 pieces of it here and there. Millions of euros.

Of course, the investment of this money has also played a lot of roles. For example, the area of ​​his plantation has increased eight times its original size, and two processing plants related to Manila hemp have been built at the same time.

Of course, these two factories did not cost him much money, because China was transferring backward production capacity, so Liang En obtained some very cost-effective equipment from China through his own connections.

In addition, he also renovated water conservancy and built a small hydropower station. He also used his connections to find several doctors and teachers as volunteers to establish simple schools and health clinics there.

These things are easy for Liang En, and many things can even be solved with just a few phone calls, so Liang En naturally doesn't pay much attention to this matter.

After all, this amount of money is not a particularly large amount of money for him, so he just treats it as a long-term, stable, low-profit investment.

But he didn't know that this money had almost brought about earth-shaking changes to the local area. He had at least lifted more than 300 people out of abject poverty and brought benefits to tens of thousands of local people.

This is why Elizabeth Bathory was pleasantly surprised when she went to the Philippines for field investigation, because the local people generally had a very good reputation for Liang En, which naturally paved the way for the next step.

"Our next step is actually a perfect win-win plan," Elizabeth said, taking out her phone. “We can provide small loans to local people by opening a branch there.”

"This kind of loan will obviously promote the development of the local economy and help local people escape poverty. It will also bring us a long-term and stable economic source."

"Yes, this is indeed a good idea." Liang En nodded. Helping the poor in the local area, especially the poor Chinese, made him feel fulfilled, not to mention that it would also bring him long-term income.

Joan of Arc also nodded seriously, with a satisfied expression on her face. For her, an industry that can help other people is much better than an industry that makes a lot of money alone.

"The only question is, have you found someone who can take on the position of head of the Philippine branch." Joan of Arc looked at Elizabeth and asked seriously at this time.

"You have to know that this kind of almost independent organization generally needs a reliable and capable person in charge, otherwise good things will turn into bad things completely."

"Don't worry, I have already selected the manpower." Elizabeth smiled and said proudly. “I got to know a lot of people during this period and selected reliable enough people from them.”

"That's good. I still approve of your judgment in looking at people." Joan of Arc nodded and said with satisfaction. "I hope everything goes well next."