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 externally in the market, it finally 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 is also on December 20th.

Smith Capital's second and third phases of private equity 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 given to those Wall Street giants

Earned.

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

The four of them alone made profits of more than four million US dollars.

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

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

The total funds raised in these two private placements were 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 was beyond the expectations of many Wall Street giants.

The investment direction of Smith Capital this time.

Surprisingly, the risks are no longer high, but the profits are also high in the international foreign exchange or futures market.

This time Smith Capital, with this huge cash flow, began to enter the US stock market in a big way.

What makes 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 Qieyong’s funds!

It is much easier to keep an eye on the capital flow of an investment company than it is to keep an eye on a commercial bank with custody funds exceeding hundreds of billions of dollars!

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 find out and as detailed as before.

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

But how much money is there, the specific amount and time.

It's hard to find out.

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

Everyone discovered that Abe Smith actually changed his gender!

It doesn’t matter 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 U.S. 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 a close 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 can achieve the same huge gains 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 also

The reason 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 also bite him hard while he is not paying attention or distracted while he is eating meat.

This latter approach was because Abel acted quickly.

So far, no one has bitten flesh on Abel's body.

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.

&In the headquarters of 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 know, he had never entered the U.S. stock market before."

& 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.

&'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's asset management business.

In &9, PNC acquired First Data Investor Services Group.

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

This 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 managed more than $11.5 trillion in funds!
To be continued...