Back to 1995

Chapter 1012

In the past few years, Chris Jain has gained both fame and fortune, and he has been prosperous. He joined the board of directors of the Bank of Comerica and won the title of the top ten best professional managers in America for consecutive years.

It is really the performance of the Bank of Comelica, which has been too impressive in the past few years, and Jan, who has contributed to all this, has naturally become a major contributor.

"Director Kerimiya, let me say hello to Song for him!"

Chris Jain brought up some old people. Kerimiya used to be Jain’s backer in Comerica Bank, but time has passed, and Jain has climbed to the same position as Kerimiya.

The entire Comerica Bank, Chris Jain and Kerimiya, have become the strongest faction. One of them is in charge of the credit department, and the other is the boss of the risk control department. Of these two departments, one is the Comerica Bank The largest fat department, one is the most powerful place, the two of them together can basically control more than half of the Comerica Bank!

After Song Yang heard about Kerimiya, he glanced at Jia En. He could hear what Jia En meant when he mentioned this name.

Kerimiya, who is in charge of the risk control department, has gotten benefits from Song Yang in recent years. For example, when Comerica Bank invested in American Telecom, Kerimiya took away 5% of American Telecom .

America Telecom has changed hands several times, was merged by ICQ, and then split off. Although the equity in America Telecom held by Karimiya is less than 2%, the ICQ equity that was exchanged for America Telecom was earned after the sale. It's not as much as a billion dollars.

Later, in PayPal, RICK and other companies, Kerimiya also received part of the equity, and these benefits were much more than his entire life on the board of directors of the Comerica Bank!

"Jain, the Karimiya family's worth has grown dozens of times over the past few years!"

Hearing Song Yang's words, Chris Jain couldn't help but feel a little embarrassed. Of course he understood why Kerimia found him before he left for San Jose. Naturally, he wanted to get more shares in RICK, no? For the Comerica Bank, but for the Kerimiya family...

"Song, Comerica Bank, it has always been a pleasure to cooperate with you. America Telecom, Alcatel Mobile, PayPal Payment, RICK Group, and Comerica Bank all fully support it!"

I didn’t mention Karimiya anymore. Now Jain’s status is no lower than that of Karimiya. He now has a group of supporters under his command. Karimiya said that it is already good. It is true that Karimiya is in charge of the risk control department, but does he dare to refuse the cooperation with Song Yang? !
Chris Jain was talking about the past. He came here today not only for the acquisition of Estee Lauder by the RICK Group, but also because he felt a sense of crisis.

Since Song Yang started, Comelica Bank has been acting as Song Yang's "money bag". Before Song Yang hooked up with many Wall Street institutions, Comelica Bank provided Song Yang with A lot of cash flow.

Of course, these investments have also brought enough returns to Comerica. The loans, transactions, settlements, and employee salaries of companies such as Double Click, Alcatel Mobile, and PayPal are all carried out through the Comerica Bank.

This is not as simple as a few companies. For hundreds of companies in the Alcatel mobile phone industry chain, order transactions, settlements, etc. are all carried out at the Bank of Comerica. This is an annual transaction of more than tens of billions of dollars. For the transaction amount, only the handling fee was collected, and the Comerica Bank received soft hands.

The same as Alcatel mobile phone, there is also PayPal payment, as the world's largest electronic payment platform, the annual transaction volume has exceeded 600 billion US dollars, and there is also the money fund PMMF fund under the PayPal payment platform.

After the Internet crash, although the size of the PMMF fund has shrunk from a fund of 750 billion dollars, the fund size still exceeds [-] billion dollars, and relying on the PMMF fund, PayPal can engage in the most lucrative lending, mortgage and other businesses.

As the bank that acts as the depository and settlement center for PayPal funds, the Comerica Bank is almost lying down to earn PayPal's money.

But how long this kind of lying and earning can last, Chris Jain is not sure. After several years of dormancy, PayPal has established a firm foothold in the banking industry in America, and it is no longer everyone in the banking industry. Heresy, Goldman Sachs, Citigroup, Deutsche Bank and other large institutions have also begun to hook up with PayPal.

The Prosperity Bank acquired by PayPal itself has now been renamed PayPal Bank. Although it is still mainly in Texas, it has opened business offices overseas, and has not dared to test the local banking industry in America.

However, it will be a matter of time before PayPal Bank enters the local banking industry in America. What Jain is most afraid of is that Song Yang will hand over Double-click, Alcatel mobile phone, Amazon, eBay and other businesses to PayPal Bank. The bank is tantamount to a catastrophe, and he, the great hero of the Bank of Comelica, is afraid that he will be condemned.

Listening to Jaen's words, Song Yang and Eric on the side looked at each other and chuckled, Song Yang said to Jain, "Jain, you are also one of the 3% shareholders of RICK, even if you leave Comelica Bank, I don't think it will have much influence on you..."

Jia En's heart tightened, "Song, this is different. RICK and Alcatel mobile phones all need the support of the Comerica Bank, don't they? Don't pin all your hopes on the hyenas of Wall Street institutions!"

Chris Jain's current worth is not low, but his power is borrowed from the Comerica Bank, and he left the Comerica Bank. Of course, he will not talk about poverty, but it is absolutely impossible to He wanted to call the wind and rain like this, and he didn't want Song Yang to cut off his cooperation with the Comelica Bank.

Listening to Jia En's words, Song Yang felt that he was right. Wall Street institutional investment banks can provide help in a timely manner, but if they count on them to borrow umbrellas in rainy days, then there is no need to talk about it.

PayPal Bank is still too weak and cannot do without the support of Comelica Bank, but looking at Jia En, Song Yang had another idea in his mind. What if PayPal Bank bought Comelica Bank? !

If the Bank of Comerica can be swallowed up, the PayPal payment platform will have its own settlement center, and it will also be transformed into one of the top [-] banks in America!

For some reason, seeing Song Yang's gaze, Chris Jain couldn't help but shudder, feeling that there seemed to be something special in Song Yang's gaze.

Looking at Jia En, Song Yang's eyes stayed on him for a few seconds, and when Jia En's heart felt furious, Song Yang finally said, "Jain, Alcatel mobile phone, PayPal and other companies will not stop communicating with Comelica. The cooperation between the banks, at least during your tenure as the president of Comerica Credit, the cooperation between the two parties will not be terminated!"

Song Yang didn't say a word. Not only would he not terminate the cooperation, but he would continue to give Jia En a few big achievements, so that he could climb higher. It would be best if he could become the spokesperson of the Comelica Bank. When PayPal eats Comerica Bank, it can be a little easier...

Eric watched this scene. He didn't know what Song Yang's plan was, but he felt that Song Yang seemed to be planning something, and he might make some big moves in the future.

No matter what Song Yang wants to do, it is enough for Chris Jain not to terminate the cooperation with Comerica Bank in the short term. If he fell, he didn't bother to pay attention.

Chris Jain was in a good mood, and said to Song Yang, "Comerica Bank and RICK Group have always been partners. Comerica Bank is of course willing to support the acquisition of Estee Lauder!"

Whether it's for Comerica Bank or for himself, Jain must support RICK's acquisition of Estee Lauder.

Song Yang nodded, "The acquisition of Estée Lauder is expected to cost between US$180 billion and US$240 billion. I hope that Comerica Bank can provide RICK with more than 50% of the acquisition amount!"

Estee Lauder is no better than Gucci back then. It seems that the market value is not high, but if you want to take it down, you have to spend a lot of dollars. Song Yang will not take out so much dollars in cash for such a large amount of dollars. The purchase order this time must be borrowed from banks and Wall Street institutions.

Hearing that Bank of Comerica should provide nearly half of the purchase price, Chris Jain also trembled. This is not a small amount of money, but just now Song Yanggang promised not to terminate the cooperation with Bank of Comerica. At this time, There is no way out for Jaen at all, he can't take advantage of everything, he can't take any risks, there is no such good thing in the world.

Gritting his teeth, Jain nodded emphatically, "Comerica Bank is willing to provide loans for RICK's acquisition of Estee Lauder!"

Song Yang raised his wine glass and had a drink with Jia En. Song Yang felt that in the next few years, all the cash flow of Comelica Bank would be exhausted. The wind blows down, and PayPal has a chance to swallow Comelica Bank.

After drinking a glass of wine, Song Yang just chatted with Jia En about the old things in Houston when the cell phone rang suddenly.

Jia En and Eric are both good at observing words and expressions. After seeing Song Yang answering the phone, his brows frowned slightly, and they felt that something might have happened.

"Manager Edison, thank you for your reminder!" Song Yang said to Edison on the other end of the phone. The call was from the boss of Deutsche Bank Investment Bank.

Hearing this, Edison just smiled and said, "Song, Bernard Arnott is not such a person who is willing to let go. He has always remembered Gucci's account back then. I heard that this time Bernard Arnott De Arnott has raised a lot of money, and wants to snatch Estee Lauder and avenge the past!"

"This is America, not old Europe.

In any case, thanks to Manager Addison! "

After hanging up the phone, Song Yang got up and walked a few steps, and Eric heard it, knowing that something had happened.

Song Yang was not surprised that the LVMH Group suddenly intervened and wanted to wrestle with the RICK Group. This kind of thing is inevitable, and Bernard Arnott is not the kind of person who dare not fight back after being beaten.

"Now RICK has one more opponent, perhaps, we should prepare to welcome this "old friend" who came from afar!"

Song Yang said to Eric and Jain, what is fair competition with LVMH Group, that is nonsense, America is RICK's home field, the media, congressmen, Wall Street, and Capitol Hill all support RICK, what does LVMH Group take? Fight with RICK? !

This time, the LVMH Group dared to reach out, and Song Yang insisted that Bernard Arnault suffer a big somersault in America. If he did not die, he would peel off his skin, so that the LVMH Group would detour when it encountered RICK in the next few years!
"Manager Edison, why do you want to tell the news to the sender? The LVMH Group's bargaining chip is not low!"

In a villa hidden in the woods near the outskirts of New York with very tight security, Edison's confidant, Anshu, couldn't help asking Edison.

Since the plane accident, Edison's whereabouts have become erratic. Even his confidantes have not been summoned by Edison, nor can they touch Edison's hiding place.

The reason why Edison knew that the LVMH Group wanted to intercept Estee Lauder was naturally because Bernard Arnott found the headquarters of Deutsche Bank and wanted to borrow a large sum of money to compete for Estee Lauder.

But Edison turned back and sold Bernard Arnott and the LVMH Group. Shaking his head, Edison said to Anshu, "Even if I don't make this call, Song will Receive news soon!"

"Anshu, for Deutsche Bank, the biggest problem now is not how much it earns, but to integrate into Wall Street. Deutsche Bank needs an ally in America, otherwise no matter how much it earns, sooner or later, it will be rejected. Get out of Wall Street!"

After the plane incident, Edison thought a lot. From himself to Deutsche Bank, Edison found many problems, which made him anxious. Edison felt that the plane that had the accident might be "accidental" "But it is also inevitable. It is an indisputable thing that Wall Street does not want to see Deutsche Bank.

Even if Edison escaped that catastrophe, Deutsche Bank was still squeezed out by Wall Street. Edison had already flown to the headquarters of Deutsche Bank and had a deep talk with those old men. What was placed in front of Deutsche Bank was not the performance No matter how brilliant you are, you have to live, live in America!
Today's phone call, Edison made it easy, thanks to Song Yang's phone call that saved his life, and also wanted to take the opportunity to make the relationship between Deyin and Song Yang more stable. If there is a place in America that does not miss Wall Street and Capitol Hill, it must be the Lone Star State!

Deutsche Bank needs an ally in America, and Song Yang, who was born in Texas, even if he is not a representative of Texas, can definitely influence Texas. Edison needs Song Yang's relationship should only be related to the state of Texas.

Hooking up with Texas, even if Wall Street doesn't like Deutsche Bank Investment Bank, they have to weigh the consequences of falling out.

(End of this chapter)