A big thing happened on Wall Street in December.

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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, generally referred to as Chase Bank. It is also called 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, Morgan Stanley.

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, stating 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 really believed it.

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

After this, now in the year 200.

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

According to David Mellon, this is——

"The Fed and FDI are crazy! They actually made a Tyrannosaurus rex and a shark merge!!"

The whole Wall Street was in an uproar, and many people didn't expect it.

These two giants have really joined forces.

The birth of JPMorgan Chase caused a stir in the entire Wall Street.

On the contrary, Abel was relatively calm.

Among his few memories of the United States, he was part of 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, total deposits of US$1.5 trillion, accounting for 25% of the total deposits in the United States, and more than 6,000 branches, making it one of the largest financial services institutions in the United States.

But before that, in addition to the holders behind them, the origins are quite surprising.

Neither of these two banks is outstanding on Wall Street, either in terms of business or performance.

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

.Morgon's annual revenue is only US$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 huge system including the Federal Reserve, thrift institutions, savings banks, investment banks and specialized banks.

Among them, there are 9613 banks, large and small.

There are more than 6,000 commercial banks.

Next are savings banks, about 2,000 of them.

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 American banks.

The reserve banks of the twelve Federal Reserve Districts, which

The shares are not in circulation 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-level officials in this country.

Congressman Wright Patman of the last century.

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

During those 20 years, he continued to propose proposals to abolish the Federal Reserve.

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

In the end, he announced to the public that he could not find out who the owner of the Federal Reserve was.

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 that Wall Street is in a turmoil due to its emergence.

As it dominates all financial news.

Abel's American Pacific Commercial Bank.

On December 20, seven small commercial banks were successfully acquired again.

It seemed calm.

For a month or so, I was waving the dollar bill stick 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 aa, a television station, ISA, ykm, new real estate, and rock security have 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 American 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 brought 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.
To be continued...