Back To 1995: Chapter 531 Stealing chickens is not enough to lose money

  Chapter 531

After PayPal acquired Prosperity Bank, Conor no longer has to be responsible to those directors. In the future, he only needs to be responsible to Aaron Swartz, or Song Yang. Make Conor even more powerful.

  After all, if you think about it, you will know that in the past, he served as the president of Prosperity Bank, but he still had a bunch of mothers-in-law on his head. He wanted performance and dividends, and Wall Street would trouble him when the stock price fell.

   Once the acquisition is completed, Prosperity Bank will be under the management of PayPal, and he will no longer have to worry about those people who find fault. As for the stock price, it depends on Song Yang's mood. Anyway, there is no need for Conor to have a headache.

   In terms of salary, Conor will definitely increase a lot again. After all, he is in charge of Prosperity Bank and PayPal's risk control department, and he can also get PayPal equity rewards.

  Thinking about it this way, Conor suddenly felt that the sale of Prosperity Bank to PayPal did not seem to have much impact on him. Instead, it was a blessing in disguise.

   "The purchase price of 650 million US dollars, I need to report to the board of directors, but I am willing to accept such a purchase price, as long as the board of directors agrees!"

  Conor coughed and sold the directors of Prosperity Bank without blinking.

  Song Yang raised his glass and clinked a glass with Conor, "This is the most important decision for Prosperity Bank!"

  As long as Conor agrees, even if there are opinions from the board of directors of Prosperity Bank, it will be useless.

   "After the acquisition is completed, I hope that you can improve PayPal's risk control system and let PayPal cooperate with Prosperiti Bank to start credit and mortgage business as soon as possible!"

   Today Song Yang and Conor reached an agreement, and tomorrow is just a process. What Song Yang wants to explain to Conor is after the completion of the acquisition.

   Even if the bank is bad in every way, the risk control system and professionals are still much better than the grassroots team like PayPal!

  PayPal wants to develop credit and mortgage business, and it is inseparable from the support of banking professionals. Even if there is no Prosperiti Bank delivered to the door, PayPal will also poach personnel from other banks.

Conor nodded. Before he came, he thought that Song Yang didn't like the current banking system. After all, compared with the things launched by PayPal, the methods of traditional banks are obviously somewhat antique, but now Conor finds out that , Song Yang seems to be very concerned about offline business.

   "Song, if the risk control system is implemented, Prosperity Bank does not have an office location or personnel outside of Houston and Texas. If it is to be established, the cost will not be a small number."

Conor said to Song Yang that in order to establish a risk control system, it is necessary to build a large enough database to collect the huge user data of American states and even overseas. In these places, offices and business halls must be established. It's like a bank's offices.

When a user borrows dollars or mortgages products, he can quickly judge whether what he said is true, how risky it is to lend him dollars, whether the mortgaged things are real, etc. As for others, His income, relationship network, etc. are the most basic. It is not so easy to prepare such a risk control system.

   "PayPal must establish its own risk control system, no matter how much it costs, if it doesn't want to be just a payment platform!"

Song Yang said this to Conor, and he was also telling Aaron Swartz that PayPal would never starve to death by collecting transaction fees, or earning commissions from selling funds and insurance, and could earn a living , but if you want to turn it into an emotional money-making machine, it's a bit unreliable.

Really, if you want to turn PayPal into a money printing machine, you still need loans and mortgages, just like the owner of the Cavaliers, relying on the lending platform in his hand to go public, his net worth has increased by more than tens of billions a year, and he has become the richest player in the NBA one of the bosses.

  Where PayPal wants to develop credit, mortgage and other businesses, it must have its own risk control system, which is even stronger than banks in terms of risk control and repayment levels.

If this set of risk control is completed in the future, then in the future, a leek, no, it is a person who applies for a loan on the PayPal platform, and it may only take ten minutes or even less time for the credit to reach his account , and then go to the bank controlled by PayPal to withdraw cash!

It seems very simple, but within ten minutes after the user applied, PayPal's credit department staff had turned the user's information upside down through the internal risk control department, and evaluated his repayment ability. , and then lend him US dollars, the efficiency and speed may be dozens of times that of banks, so that users "feel" that it is "very simple" to borrow money from PayPal, and the purpose is accomplished.

  Hearing that Song Yang would spend a lot of money to build this risk control system, and also set up offices in every state in America, and even overseas, Conor couldn't help but be moved.

If what Song Yang said can be achieved, then Conor feels that, relying on PayPal, Prosperity Bank may be able to go out of Houston and enter the overseas market, and he can also become the president of the American banking industry one!

Being able to become the president of the Bank of America, basically, conservatively estimated, can become a big shot on Wall Street and a powerful figure in America. At that time, compared to now, only being the president of Prosperity Bank is Much stronger.

   After staying at Songyang Villa for a while, Conor finally left. The next day, Conor took a group of executives to PayPal's new office building in a fair manner.

  The Silicon Valley media and reporters who received the news rushed to the PayPal building. For Silicon Valley, if the negotiation is completed today, it can almost be said to have created a new history.

  Internet companies acquire traditional banks, which shows that the influence of the Internet has really broken the circle. The Internet is no longer the younger brother who used to be in the banking, insurance and other industries. Now it can acquire the other party in turn!

Wall Street is also waiting for the results of the negotiations between PayPal and Prosperity Bank. Although various analysts predict that this negotiation, Prosperity Bank will most likely be won by PayPal, because in addition to selling itself, it will also Apart from a way to survive, I really can't figure out what else to do.

   But as long as there is no announcement, everything will not be settled, not to mention, Song Yang, PayPal's big financier, has always been good at playing tricks, and he can play anything.

  So as soon as the market opened today, the stock price of Prosperity Bank began to jump up and down. Some investment banks and institutions on Wall Street are fishing in troubled waters and don't want to make too much money.

Those institutions on Wall Street kept releasing all kinds of indistinguishable news. The negotiations broke down. Prosperity Bank’s asking price was too high. , and then "news from the frontline" came out, threatening that Song Yang and Conor had reached an agreement and were signing an agreement, and a photo came out. As soon as the news came out, the stock price of Prosperity Bank was instantly dropped Pull up.

Anyway, today, in this atmosphere, I was dragged repeatedly, and there were leeks getting on the car and jumping off the car. John Harder was also numb, and secretly scolded the gang on Wall Street. Bring back the cut.

After that, John Harder was already numb. He simply couldn't see or worry. He stopped watching the gossip and waited for the final closing to see whether he would become a millionaire or climb to the rooftop. Anyway, before the closing , there will definitely be results.

   "Mr. Griffin, I hope you can abide by the rules. I don't want any unpleasant things to happen!"

  In a mansion in New York, several federal agents handed over several documents to Ken Griffin's lawyer and looked at Ken Griffin.

This document is a document prohibiting Ken Griffin from leaving New York. Although it is for show, if Ken Griffin ran out in a fair manner during this period of time and was photographed by the media, then they would have difficulty doing it. Man, so warn Ken Griffin ahead of time to play it safe during this time.

   "My client, he is not a suspect. I believe the accusations against him are all misunderstandings. Of course, my client will abide by these things!"

  Stern-faced lawyer protesting against federal agents treating Ken Griffin like a prisoner.

   "I won't leave New York, please rest assured!" Ken Griffin said to several New York federal agents.

Seeing Ken Griffin speak, several federal agents did not speak again, and then a group of people left. No matter how unlucky Ken Griffin is, he is now a billionaire. As long as he is not in a federal prison, it is not them able to provoke.

   After everyone left, only Ken Griffin and a few lawyers and confidants were left in the mansion. Ken Griffin sat on the sofa and finally couldn't help but curse.

"Tomorrow prepare Broadway, Opera House, season tickets for the New York Yankees and Nixon teams, and send them to Mrs. Spitzer. In addition, prepare a private party. If Spitzer is willing to attend, arrange some tight-lipped and trustworthy The best models, preferably from abroad!"

   Ken Griffin confessed to his confidant that he escaped this time and lost face, but he kept the Castle Hedge Fund and himself.

Among them, Ken Griffin invited a public relations company to help lobby, and also invited a well-connected donkey party member to help. He has always been a supporter of the donkey party. It's better to let go of Griffin, otherwise he will be stared at by Spitzer, and he will have to step on the sewing machine for a few days in a federal prison.

   Was temporarily banned from leaving New York, and was also banned from entering the stock market for a few months, but Ken Griffin barely passed this level.

The hanging heart was finally let go, and he waved his hand tiredly to let everyone leave. Ken Griffin turned on the TV. He hadn't watched the news for many days, because after turning on the TV, as long as Griffin was mentioned The news is basically not a good thing.

  Turned on the TV again today, turned on several financial channels, but didn’t report on himself. Ken Griffin knew that his limelight was over, but the reports in the news immediately made him feel stuffy.

  (end of this chapter)