Reborn in Hong Kong: The Tycoon Grows Up
Vol 2 Chapter 1522: Wall Street Shake Three
Merrill Lynch is one of the world's leading financial management and advisory firms headquartered in New York, USA. As one of the world's largest financial management consulting firms, it has a place among the jingles in the financial world. The company was founded on January 7, 1914, when Merrill started his career at 7 Wall Street in New York City.
A few months later, Merrill's friend, Lin District, joined the company, and in 1915 the company officially changed its name to Merrill. In the 1920s, the Merrill Lynch New York office was located at 120 Broadway and had offices in Detroit, Chicago, Denver, Los Angeles and Dublin.
At this time, Merrill Lynch was also holding a board meeting, the core content of which was related to the Fuchaira stock exchange market.
Erwin Merrill, known as the third generation of Merrill, is sitting in the chairman's position. He doesn't want to let this opportunity pass. In fact, well-known Wall Street investment banks and fund companies all know that there are very serious problems in the market. It's not that they don't want to make amends, it's that they feel like they don't make any sense; they just feel powerless.
Many people choose to invest in Japan, and this is one way. However, companies that started late are worried about the sustainability of the Japanese property market and stock market. After all, everything has a price, which cannot be much higher than its actual value. Now the Japanese are on the verge of madness, so they don't dare to take it lightly.
After all, they are different from Bao Zixuan, and they can't see what the future will be like. Then in Japan, you can only try it briefly; you don't dare to take it too deeply. But Fucaira is different, preparing to establish a stock exchange market, everything has just started; this kind of investment is most favored by capital. After all, as long as you can enter the market, you will not suffer.
The following people began to report the specific situation based on the collected information. This is the minimum workflow for an investment institution. If you don't know anything, you invest rashly, and the final result will not be very good. Valkyrie looked at the number of traders, but they didn't know how many of them were equipped with logistical teams.
Financial giants will not invest less in intelligence than a small country. This is why they are able to have first-hand information.
Therefore, the content of Bao Zixuan's conversation with Bruce Powers and his attitude towards William Morgan were investigated very clearly. On Wall Street, there are super projects; unicorn companies go public, and it is impossible to hide from others.
Erwin Merrill said with a smile: "This is an opportunity, an opportunity for Merrill to expand outward. You are all elites in the industry, and you know what's going on in the United States. Although we have a lot of money, But there is no investment direction at all. Japan may be an opportunity, but with such a high real estate market and stock market, do you want to take over in the past!"
"Fucaira is definitely a good opportunity, although Bao Zixuan has not contacted Merrill. But we must take the initiative and must not let the Goldman Sachs family eat alone."
"This matter needs to be taken seriously. Merrill Lynch wants to expand outwards, which is a very critical step."
The chairman has spoken, so the following people must implement it well. At the same time, they also know that this is a very rare opportunity, an opportunity for them to make a lot of money.
At the same time, in an office building not far from Merrill Lynch Group, the same scene was also staged.
Henry Lehman, the son of a cattle dealer, immigrated to the United States from Germany at the age of 23 in 1844 and settled in Montgomery, Alabama, where he opened a dry goods store called H. Lehman. In 1847, with the arrival of Emmanuel Lehman, the firm was renamed Lehman Brothers. In 1850, when the youngest brother of the family, Mayer-Lehman, also came here, the business name was changed again and it was named Lehman Brothers Company.
Cotton was the most important industrial crop in the southern United States in the 1850s. Taking advantage of the high market value for cotton, the three brothers began to trade in raw cotton with regular customer payments for raw cotton, eventually starting a second commercial transaction of cotton. The growth of this business over the years has become the most important part of their operation. After Henry died of yellow fever in 1855, the remaining brothers continued to focus on their commodity trading brokerage business.
In 1858, due to many factors, the cotton trade center moved from the American South to New York. Lehman opened the first branch office at 119 Liberty Avenue in Manhattan, New York City, and Emanuel, 32, was in charge of the office business.
After the Civil War, the company provided financial support to Alabama to help rebuild. Corporate headquarters also eventually moved to New York City, where the New York Cotton Exchange was created in 1870. In 1884, Emanuel set up a corporate council, the company also engaged in railway bonds in emerging markets and entered the financial advisory business.
As early as 1883, Lehman had become a member of the Coffee Exchange, and in 1887 the company joined the New York Stock Exchange. In 1899, Lehman began his first public offering, soliciting preferred and common stock for the International Steam Pump Company.
Despite offering international steam, it wasn't until 1906 that the company truly transformed from a trader to a securities issuer. That same year, under the helm of Philip Lehman, Lehman partnered with Goldman Sachs to take Sears-Roebuck and General Cigars public.
Philippe Lehman retired in 1925 and his son Robert Lehman took over as company leader. During Robert's leadership, the firm survived the Great Depression by focusing on venture capital as the stock market recovered. In 1928, the company moved to the famous William 1st Street.
It can be said that this is a company with a long history and brilliant achievements. But at this time, the days of Lehman Brothers were really difficult. Of course, it must be much stronger than when later generations went bankrupt. Just because of a series of mergers and acquisitions and investments, Lehman Brothers is hovering on the brink of loss.
Wall Street is so realistic, no matter how brilliant you have been; once you lose money, you will naturally lose the trust of investors. Although each investment bank itself has a lot of funds, if it only relies on its own funds, it will definitely not do much. The bulk still needs to be funded by investors, which come from all over the world after all; there is no cap at all.
The reason why these investment banks are particularly good is the financing channel. Regardless of whether Bao Zixuan admits it or not, the current Black Cloud Group; unless it goes public, there are really no other people with rich financing channels. The accumulation of hundreds of years and the precipitation of the brand are by no means a vain name.
Now Lehman Brothers has already disappointed investors very much. And in modern society, information is becoming more and more transparent. In the past, you could rely on cheating, but now investors are not stupid. Once the performance of any investment bank is not good, the media will inevitably cover it up; it is impossible to hide it.
Investor divestment is almost inevitable if there is no ready-made project. And this can easily lead to a chain reaction, and in the end, the enterprise may cease to exist.
You must know that ten years ago, the company's image and performance will be restored in the future. He deliberately hired Peter Peterson, a well-known broker on Wall Street, as CEO; but such a legendary figure, who led Lehman Brothers for more than ten years, still did not change much. In the end, I could only leave sadly, and in the second year I created my own investment company.
It can be said that Lehman Brothers looks huge, but it is also very bloated at the same time. Maybe everyone in the company knows it, but they just don't know where to start.
Frozen three times is not a day's cold, otherwise it would be impossible to become the first super investment bank on Wall Street to fail.
Since outsiders can't do it, the members of the Lehman family do their part and take charge of the company's rights again.
And this time the Lehman family is indeed very bold; Stoffenberg-Lehman, who is only 30 years old today ~www.readwn.com~ graduated from the Department of Economics of the University of Pennsylvania. It can be said that both family background and background are very superior. The most important thing is the image of a typical handsome Germanic guy, with blond hair and blue eyes; plus a tall stature; even compared with Hollywood male stars, it may be better.
In fact, the Lehman family made him the person in charge, not only because of his ability, but also because he wanted to attract public attention. There's no shortage of talented people on Wall Street, but there must be some other way to differentiate Lehman Brothers.
Stoffenberg-Lehmann's image is so perfect that even female investors simply cannot resist. In fact, there is also a little relationship with Bao's richest man here. After all, it is because of seeing him that he achieved great success at such a young age. The major families in the world have only begun to let their young children come out to exercise.
A commoner's child can do so well from scratch; a rich child who has been carefully nurtured since childhood will not be so bad. The wish is very beautiful, but when it is executed, it may not feel so perfect. After all, there is only one Bao Zixuan in this world, and the children of the rich have caught a lot!
If you have the ability, it will be better, but the person without ability is definitely a pit master.
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