Chapter Twenty-Four: Invasion of Citibank

  ument.write(

  Looking at Brown's disheartened appearance, Xu Shaowen gradually had a plan to take advantage of the situation. He thought for a moment and then said: "Actually, I have a temporary idea, maybe my National Bank can cooperate with Citibank."

  "Is that so? I'd like to hear more about it." Brown seemed to see a glimmer of hope and immediately asked with renewed spirit.

  "I can arrange for the National City Bank to invest three million dollars in the Shanghai Citibank, and I will personally continue to invest two million dollars."

  "What... You, you want to acquire Citibank?" Sweat broke out on Brown's forehead.

  "Ah, how could a mere $5 million possibly acquire Citibank?" Xu Shaowen shook his head, a sly smile spreading across his face, making Brown's heart feel numb. "As I said, it's a cooperation. This $2 million investment is only for your Shanghai branch, not for Citibank China. In this way, National Bank and I will almost own 90% of the shares of Citibank Shanghai."

  "Are you going to swallow up the Shanghai Flag Bank as well? ... Are you trying to monopolize Chinese banking?" Brown was not a foolish man, and recently the National Bank had forcibly taken over three old local banks in Shanghai, with even branches in Guangzhou and Shandong being prepared. Now Xu Shaowen was talking about investing in the Flag Bank, and this trend was clearly aimed at establishing a vast banking empire.

  "Mr. Brown, it has always been a pleasure to cooperate with you. Once I successfully invest in the Shanghai Citibank, all overseas business of our National Bank of China will be entrusted to Shanghai Citibank for agency. At that time, profits will be divided according to the share ratio. And as for the business of Shanghai Citibank in China, our National Bank of China will absolutely not interfere." Xu Shaowen said with a complacent tone, neither openly acknowledging nor denying his own ambition.

  Brown couldn't help but scold in his heart, what kind of business does Citibank Shanghai have in China? Isn't it all monopolized by the National Bank? Xu Shaowen's trick of borrowing a wooden bridge is really powerful. Knowing that Citibank is now an international bank, he wants to use Citibank Shanghai to develop overseas business. The profit will be divided according to shares, and you, Xu Shaowen, and the National Bank already have 90% of Citibank Shanghai's shares. Isn't half of the profit going to the Xu family and the National Bank?

  Brown had seen through Xu Shao Wen's scheme. As a representative of Citibank, he naturally stood on the side of Citibank's interests. He cleared his throat to calm himself down and was about to open his mouth to directly veto this capital injection plan.

  Just then, Xu Shaowen spoke up first. His expression was one of satisfaction, but his eyes were very serious as he looked at Brown and said: "Mr. Brown, you are also a well-known figure in the financial world. If you can facilitate this investment, the position of Shanghai Citibank president will certainly be yours. As the major shareholder, I will adjust your annual salary, increasing it by at least 30%. At the same time, I will also hire you as the lifelong financial advisor for National Bank."

  Brown's words suddenly stuck in his throat, and for a moment he couldn't say anything, only staring wide-eyed with a look of astonishment. In fact, the $50 million investment could have made him the largest shareholder of Citibank China, but Xu Shaowen chose to invest in Shanghai Citibank instead, clearly intending to separate it from the rest and make it serve as the overseas arm of the National Bank.

  Brown calculated in his heart that he was only 34 years old this year, and if he could become the president of Citibank Shanghai now, he might also become the president of China Citizens Bank's overseas bank in the future. More importantly, his annual salary would increase by at least 30%, and he could also serve as a lifelong financial advisor, so that he wouldn't have to worry about food, drink, and entertainment for ten generations.

  "Mr. Xu, is that true?" Brown swallowed hard and finally squeezed out these words.

  Xu Shaowen looked at the greedy American and felt extremely pleased with himself. As long as he could get his hands on the Shanghai branch of Citibank, all the other banks in China would be a piece of cake. He put on a very serious face and said to Brown: "Mr. Brown, don't you still trust me? I am the commander-in-chief of Shanghai, the new shareholder of Remington Company, and I hold 10% of the shares of American Railways. The position of president of Citibank's Shanghai branch is actually a bit beneath Mr. Brown, don't you think?"

  Brown was deeply moved after hearing Xu Shao's words.

  "If in the future, National City Bank can invest more in Citibank's Chinese branches, I believe you, Mr. Brown, will be fully qualified to take up the post of Regional CEO for China." Xu Shaowen smiled slightly at Brown, with an air of confidence. In the past, foreigners liked to use the tactics of "using Chinese to control Chinese", but today he was going to use the tactic of "using foreigners to control foreigners".

  Brown was deeply moved by the check for the position of China Regional President offered by Xu Shaowen, and the attractiveness of this position was absolutely not small. He smiled twice and said: "Mr. Xu, thank you very much for your appreciation. As for the investment, I will immediately discuss it with the US headquarters and the China regional president. In this difficult period of Citibank's capital flow, I believe that the headquarters and the China regional president are very willing to cooperate with Mr. Xu."

  Xu Shaowen was unwilling to take a stake in Citibank China because he feared foreigners would suspect him of monopolizing the financial industry. By investing in a Shanghai branch of Citibank, it would have no impact on other branches of Citibank in China, making it easier to achieve this investment.

  After seeing Brown off, Xu Shaowen sat down on the sofa in the living room, his heart already bursting with joy. First, there was the huge profit from the US stock market, followed by becoming a major shareholder of Remington Company, and soon he would also swallow up Shanghai Flag Bank. He really didn't know how people a hundred years later would evaluate this great rich man.

  But in the end, it's because he dared to speculate on international arms and won a fortune for himself. World War I was originally supposed to make the US economy take off, but because of his meddling, now it's World War I that has made Xu's family take off.

  ————————————

  Today is the third update. Crazy begging for votes, crazy begging for collection, and crazy begging for everyone's love. I will work hard to update and write well. Hope everyone can continue to support me. Thank you thank you!!