Start from 1980

Chapter 293 Sky-high Loan
Su Chen didn't answer Xiu Eaton directly, but after thinking for a while, he said, "I need to think about it, Mr. Eaton. This is not one or two hundred yuan, but three billion yuan. It cannot be decided casually."

"Of course, I'll wait for your reply first, but I don't have that much time. Tomorrow morning at the latest, if you haven't made a decision, then we have to find another investor." Hugh Eaton said.

Su Chen nodded: "That's natural."

Although I have the ability to earn so much money, I can't fall into the trap of others for no reason. What if I am Miranda's boyfriend?
Assuming that he really became Hugh Eaton's son-in-law, it is estimated that this old guy would not even blink when he cheated himself.

After a few people chatted for a while, Miranda said: "Daddy, we have to go back and discuss it, so we won't stay."

"Okay, I'm going to attend Davis's banquet tonight. If you want to go, I'll wait for you." Hugh Eaton said.

Miranda shrugged: "No, we won't go to the banquet tonight."

"Alright then." Hugh Eaton naturally didn't force it.

The three of Su Chen left the hotel and took a taxi back to their place of residence.

Then call one by one to ask about Wells Fargo.

Su Chen only knows a few people, such as Brian, Professor Ayler and others. Although the Boston Consortium may not have any business relationship with Wells Fargo, they may receive some news.

So Su Chen's first call was naturally to Brian.

Of course, it’s not like the later generations, so I can only call Professor Eller first and ask him to help find Brian, or I can only call back to Lawrence’s house, but maybe Brian is not at home now.

By the way, ask Professor Ayler about Wells Fargo.

Although Miranda was also on the scene, Su Chen did not shy away from it. Although Miranda said that he could control the bank's investment, it was only in the range of a few hundred million.

More importantly, she has not worked in Wells Fargo Bank now, so she may not know more about the situation than Su Chen.

"...Dude, I don't know much about this information." After hearing what Su Chen said, Professor Ailer said, "Because I can't just inquire about the internal news of the bank, but I can help you. .”

"Thank you." Su Chen said with a smile: "Although I also want to invest, I still need to figure it out."

"For God's sake, if you're thinking about borrowing billions without asking, I think you're going nuts."

Professor Ayler said: "Wait a minute, I'll help you find out, but I'm not sure if I can find out."

"No matter what, thank you." Su Chen said, and then hung up the phone after chatting for a few words.

Because Professor Aile still needs to find Brian, naturally he won't be able to call Su Chen back so soon.

Miranda thought about it seriously, and said:

"If Su wants to develop film and television, this is a way, but you need to consider it carefully. You can't think so much just because I am your girlfriend. After all, Wells Fargo is not our bank and has a board of directors. "

"Yes, that's what I mean too."

Avril nodded and said: "Because this is not a loan of several million, but three billion. If this debt cannot be repaid within ten years, then these things will become the property of Wells Fargo Bank."

Su Chen tapped his fingers on the table, thinking seriously.

Because he has to think very clearly before deciding whether to loan this money, 30 billion US dollars, this is not a small amount, if nothing else happens, he will have to work for Wells Fargo in the future to pay off his debts.

At the same time, he doesn't have a newspaper business. If he just buys a TV station, he shouldn't have any problems.

"Avril, please ask Mr. Clara for me, I am not an American citizen, is there any problem with just buying a TV station?" Su Chen looked at Avril.

After all, Clara is a well-known barrister, and she must have clearer information about this than Su Chen.

Avril nodded: "Okay, I'll call Uncle Clara now."

"Miranda, how many shares does your family own in Wells Fargo?" Su Chen looked up at Miranda.

Miranda shrugged: "Su, our family only owns a pitiful 8% of the shares in Wells Fargo Bank, not a complete holding, and we can't talk at all. Maybe one day my father will be kicked out by the board of directors."

After a while, Avril hung up the phone and said:

"I asked Uncle Clara, and he said that if you are not an American citizen, you can only own one of the two industries of TV station and newspaper. That is to say, you can buy either TV station or newspaper industry."

"Understood." Su Chen nodded.

As long as you can buy one of them.

He believed that even if he borrowed three billion US dollars from Wells Fargo, he would have enough ability to repay it in the next ten years.

However, he still needs to find someone to manage this business in the United States. Although Cao Jiaxin is now in the New York branch, it is still very difficult to control such a huge company.

If he borrowed money, he planned to put the money into Jinbaopan and operate it in the name of Jinbaopen. Otherwise, it would be very difficult, and all kinds of taxes alone would be a headache.

In the U.S., the IRS doesn't say anything.

"Ding ding ding..."

There was a rapid ringing of the phone.

It is really troublesome to find someone now, maybe people are used to it now, but for Su Chen, it is really too difficult.

Immediate contact is not possible at all.

Miranda picked up the phone, listened to it, and then called Su Chen: "Brian is calling."

"it is good."

Su Chen took the receiver and put it to his ear when he heard Brian's voice coming from the phone: "Dude, I heard you are looking for me, what can I do for you? It's you and Miranda or Avril Lavigne Did they fight?"

"Dude, don't talk nonsense, I have a very good relationship with Miranda Avril." Su Chen said, "I came to you because I wanted to ask you something. How much do you know about Wells Fargo?"

Brian was taken aback: "Are you going to buy Wells Fargo? Man, I don't know much about Wells Fargo except that they do community banking, investing and insurance, mortgages, specialty lending, corporate lending, personal Loans and real estate loans and all that stuff.”

"In addition, I heard that they are planning to acquire another bank, and now they plan to reduce the expenses of the merger..."

This news suddenly reminded Su Chen of Wells Fargo's acquisition of Crorow Bank. He couldn't fully remember some things, so he would naturally ignore them.

As for Wells Fargo's strategy of reducing expenses, it is not surprising, because any bank will seek mergers in times of recession, in order to reduce expenses to the lowest point in the case of economic depression, so as to protect the enterprise.

Wells Fargo is an all-round customer-oriented bank, whose business goal is to meet all the financial needs of customers and help them achieve financial success.

At the same time, Wells Fargo pays great attention to sales, especially cross-selling. On average, it can sell 5.3 financial products to a corporate customer and 4.6 products to individual customers on average.

This cross-selling model has greatly improved Wells Fargo's ability to utilize customer resources and maximized benefits.

Su Chen immediately figured out Hugh Eaton's operation. He wanted to diversify the risks of the business so that it would not be easily affected by the economic cycle.

Therefore, this loan is not aimed at Su Chen, but Wells Fargo Bank wants to diversify risks. Although it is already reducing expenditure, the 30 billion is obviously not in the reduction plan.

Regardless of whether it is Su Chen or anyone else, as long as they borrow this money, they are helping Wells Fargo to diversify risks, because the diversification of risks is also the main reason why Wells Fargo Bank has a low non-performing loan ratio.

As long as it doesn't pay off, Wells Fargo will take back the acquired property and operate it again, and can sell the assets while lending to others.

This model is to let the debtor use the bank's money to buy the bank's assets, that is, left-handed and right-handed. Although it is very risky, their professional assessment team will naturally control the risk within a manageable threshold.

"Okay buddy, I understand." Su Chen said, "Thank you."

Brian asked suspiciously, "So, do you have any business dealings with Wells Fargo?"

"You were right just now, because I am going to buy Wells Fargo Bank." Su Chen laughed.

Brian said dissatisfiedly: "For God's sake, this joke is not funny at all, buddy, I still have to go to class, and we will have a good chat when you come back."

After hanging up the phone, Su Chen had an idea.

Said: "Girls, I decided to take out this loan. If Miranda's father can give me a lower interest rate, that would be the best thing."

(End of this chapter)