Chapter 1867 Target European Bank

The matter of genetically modified food has caused a lot of trouble in the previous life, mainly because of reports from the UK, saying that the boss of the genetically modified seed industry had a research report that proved that the mice that ate genetically modified food had problems with their blood and kidneys, which made everyone There is a serious crisis of confidence in genetically modified foods.

Although this statement has not been confirmed later, developed countries have indeed banned the cultivation of genetically modified foods, and they sell the seeds to less developed countries, and then profit from it.

Feng Yu himself doesn't know whether this genetically modified food is harmful or not, but since it can't be proven safe, it's better not to eat it first, and it's not that there are no other foods except genetically modified food.

Although Huaxia has a large population, Huaxia's food production is also the top in the world, and there will never be a situation of running out of food again. Feng Yu felt that not many people would be willing to eat this kind of food with potential safety hazards, but everyone didn't know it before.

This incident was just a small episode for Feng Yu. He stayed in the capital for a few days before flying to England.

Feng Yu came here not to stare at crude oil futures, but to focus on another important matter, which is about the expansion of Minsheng Bank.

Since ancient times, which one of those big families and big consortiums has not been involved in the financial industry? In ancient times, banks were opened, and in modern times, banks were opened, and then there are various insurance, fund and other businesses.

Many people say that the real masters of making money use other people's money to make money for themselves.

And those big consortiums are obviously the masters.

How to use other people's money to make money for yourself, you need others to hand over the money to you first. At this time, the banking industry is very important.

Fengyu Consulting and Taihua Consulting, which Feng Yu established before, are at best financial investment companies, and they cannot be compared with the huge banking industry. The biggest difference is that it cannot absorb storage.

At that time, Feng Yu wanted to make the bank bigger, but unfortunately he had no chance and no capital.

It seems easy to open a bank, just set up a counter and absorb deposits.

But first of all, you have to make others willing to deposit money with you. If others are unwilling to deposit money, can you still force others to deposit money?

What do people think about when saving money?

Safety, my money in your bank will not disappear suddenly. It can't be lost, and it won't evaporate because your bank fails.

Interest rate, your bank's deposit interest is high, which will attract those depositors. Otherwise, why should I store it in a place with low interest like you when the interest rate is high?

Convenience, this refers to the convenience of depositing and withdrawing money. Your location should be good, and there should be many business outlets. I can’t say that I have deposited money with you, but when I want to withdraw money, I have to go far away to get it? And you have to join UnionPay or something, even if you can't find your business outlet, you can also withdraw cash at other banks.

Safety is easy to deal with, with Feng Yu's name as the richest man in the world, he is a golden signboard. Just like when he promoted Alipay and Beibao, others knew that it was invested by Feng Yu, and Feng Yu made the guarantee in his own name, so he was very relieved about it.

The interest rate is easy to say, it is about the same as other banks, and at the beginning, it can be slightly higher to attract more depositors.

The most important thing for a bank is to absorb deposits. In any bank, there are tasks to absorb deposits. The more you deposit, the higher the bonus. If the task is not completed, it may even deduct money.

Only with a large amount of reserves can there be enough funds to invest in other financial products. Even if you want to lend out, you must have enough savings.

It is not only interest and security that affect deposit absorption, outlets are indeed very important. You have many business outlets, and everyone can see your bank outlets when walking on the street. When he considers depositing, he may choose your bank.

If you have fewer outlets, even if the advertised interest is higher, many people may not want to deposit with you because of the inconvenience of withdrawing cash.

And there are many outlets, for the development of other businesses,

It also has great benefits. The bank's business outlets can be understood as terminals in the sales industry. More terminals are definitely good for increasing sales. If there are not a few sales terminals in total, it must be extremely difficult to make a lot of money.

This time Feng Yu came here to discuss the acquisition of a bank. In this way, Minsheng Bank can continue to grow.

The scale of this bank is not particularly large, but its business is also carried out in many European countries, but this time the financial crisis has also affected them, and the current loss is relatively large.

Because the scale is relatively small, some big banks look down on it. The small bank couldn't afford to buy it at all, for fear of dragging itself into the quagmire, so the bank is now in a half-dead state.

Ralph inspected this bank and felt that this bank still has a lot of high-quality assets, but it lacks funds. If there is sufficient funds, it can be rescued and can return to profitability.

This bank has opened many financial businesses and has many professional financial talents. It was only because the financial crisis was too severe this time that their capital chain was broken and they fell to this point.

It's not that other banks have expressed interest in it, but the other party's offer is too low, so it has been dragging on.

Other banks want to wait for the bank to continue to lose money, and when shareholders can't bear it, they have to sell it at a lower price.

Including several of the world's top banks such as Barclays, they all regard this bank as their own.

Ralph had contacted the shareholders of this bank, but the price the other party wanted was relatively high, and Ralph couldn't negotiate, so Feng Yu decided to come and talk in person.

Minsheng Bank does not belong to Fengyu Holdings Group, but is owned by Feng Yu personally. Speaking of it, this is not Ralph's work, so Ralph has less power and cannot decide many things.

Feng Yu happened to have time, so he decided to come and have a look in person, and if he was satisfied with the inspection, he would buy the bank.

Now that the crude oil futures contract is slowly being delivered, and Feng Yu has returned a large sum of money, it is definitely not difficult to acquire a bank.

Moreover, Feng Yu also told other shareholders of Minsheng Bank that other shareholders also agreed that they would like their shares to be temporarily diluted during expansion, and they can buy back from Feng Yu when they have money.

However, Feng Yu thinks this is unlikely, those people have no idea what scale Feng Yu plans to develop the bank. When they have the money to buy back, the equity will not be as much as it is now.

This Minsheng Bank will inevitably become a private commercial bank absolutely controlled by Feng Yu, and it will also become one of the most famous commercial banks in the world!

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