Chapter 729 Ranked Fourth

"So far, we have basically completed the integration of the previously acquired American Bank. Since the second half of last year, personal savings deposits including American and British have been on an upward trend, which represents the recovery of savings banks. Signs..."

During the subprime mortgage crisis, Standard Chartered Bank merged IndyMac Bank and the commercial banks of Merrill Lynch Group through acquisitions. This also expanded Standard Chartered Bank's business from emerging markets such as the United Kingdom, Asia, Africa and Latin America to the American market. .

In addition to savings banks, the investment banking business of the merged Standard Chartered-Merrill Lynch Group will basically be attributed to their investment and wealth management department-Merrill Lynch Investments.

Especially after the acquisition of BGI, the asset management arm of Barclays Bank, the scale of Merrill Lynch Investment's funds jumped to the forefront of the world. Although there is still a slight gap between Vanguard Group and BlackRock Group, the assets under management The scale has also reached trillions of dollars.

It is worth mentioning that although BlackRock lost to Standard Chartered Merrill Lynch in the competition to acquire BGI, it later acquired Morgan Stanley’s money management department, and most importantly, BlackRock The group has obtained the asset management business of many public investment funds in the United States, so its scale has begun to expand explosively, and it can be compared with the Vanguard Group in one fell swoop. With such treatment, it can be called the "son" of the United States.

It is also because of this that Barron was able to persuade the British government to entrust the fund management of many British public investment funds, including some pension funds, to Standard Chartered Merrill Lynch.

Otherwise, in this field, it may be difficult for financial groups with a British background such as Standard Chartered-Merrill Lynch to compete with American financial groups such as Vanguard Group and BlackRock.

In the end, Merrill Lynch Investments, the asset management arm of Standard Chartered-Merrill Lynch Group, obtained more than 500 billion pounds of asset management work, including British pension funds and public investment funds.

This also brings the total assets under management of Merrill Lynch to US$3.5 trillion, making it the fourth largest asset management company in the world after Vanguard Group, BlackRock Group and UBS Group (UBS). Before Fu Group.

As the world's fifth largest asset management company, State Street's capital management scale is approximately US$3 trillion.

Merrill Lynch Investments has begun to significantly expand the scale of their ETF funds based on the ETF fund iShare they acquired from BGI, the former Barclays Asset Management Department. When their stock indexes were low, stocks in these two countries were also bought.

Calculated solely in terms of ETF funds, the size of the funds owned by Merrill Lynch ranks among the top three in the world.

It should also be pointed out that the Zeuss Fund owned by the New York branch of DS Group was the earliest quantitative fund they established. It was originally a joint venture between DS Group and Goldman Sachs Group.

The shareholding ratio at that time was that DS Group held 60% of Zeuss Investment Company, and Goldman Sachs Group held 40% of the company's shares.

However, during the subprime mortgage crisis, because Goldman Sachs Group was in urgent need of funds, they withdrew their investments and profits from the Zeuss Fund. Eventually, the Zeuss Fund became a wholly-owned subsidiary of the DS Group.

Now Goldman Sachs Group has basically weathered the crisis and has made a comeback from its short selling in Japan and South Korea.

Coupled with the quantitative easing policy that the Federal Reserve has started at the end of 2008, Goldman Sachs Group has more money. Last year, Goldman Sachs Group President Lloyd contacted Barron's, hoping to invest some funds into the Zeuss Fund again. among.

Of course, Barron would not say that he was still dissatisfied because Goldman Sachs withdrew its capital from the Zeuss Fund at that time. After all, everything was just for profit.

It's just that this time Goldman Sachs once again invested funds into the Zeuss Fund. Of course, it is impossible to directly hold shares in the investment company where this fund is located like before. It can only invest funds directly like normal fund investments. Into the Zeuss Fund's capital pool, this means that this part of the funds not only needs to pay a part of the management fee to the Zeuss Fund, but its profit part also needs to be divided into the fund according to the regulations of the Zeuss Fund.

Since it can bring him benefits, Barron naturally has no reason to refuse.

And this time, not only Goldman Sachs Group, but also Wall Street capitals such as JP Morgan Chase have invested more or less money in the Zeuss Fund.

On the one hand, this can bring benefits to the Zeuss Fund. On the other hand, it can also bundle the interests of these Wall Street capitals with itself. It can be said to be a multi-purpose thing.

Capital is like this. When you can bring benefits to them, then you are God.

Therefore, the relationship between Barron's and Wall Street capital--to be precise, part of it--has never been closer.

Otherwise, it is impossible that the short-selling operations in South Korea, Japan and Europe will be "collaborated" with Barron's, and Barron will still have considerable say.

"There is nothing wrong with putting pressure on the LCR Rothschild Group, Your Highness the Duke, but it will definitely affect our cooperative relations with countries like Greece..."

This time, when Barron met with Wall Street tycoons including Lloyd Trankfin of Goldman Sachs Group and Jamie Dimon of JPMorgan Chase, he discussed his actions in Europe, which targeted Rothschild. When talking about family matters, Lloyd frowned slightly and said this.

"And forcing a country to default on its debt is not a trivial matter. It may cause many chain reactions."

Jamie Dimon also said at the right time.

Of course, Barron understood that the reason why these old foxes acted like this was not because they were morally unacceptable. If it was for sufficient benefits, even if they betrayed their close relatives, I am afraid these people would not be so melancholy.

The reason why they said this was simply that they hoped to obtain more benefits from the future carving up of the Rothschild family.

Of course, in the view of Lloyd and Jamie, their purpose is to harvest Europe. If in the process, a large piece of flesh of the Rothschild family is "accidentally" cut off, then it can only be said that Sorry, please pay attention next time...

But if it is to openly target the Rothschild family, although the other party is now in decline, it still has a foundation after all.

It's not that they are afraid of the Rothschild family, but there is always necessity to do many things.

For them, there is no need to deliberately target the Rothschild family, but if they must...

That definitely requires enough benefits.