Rebirth of England.

Chapter 600 Great Success
To put it simply, the Titanic, the largest and most luxurious cruise ship in the world, was ordered by the Morgan consortium.

In 1912, during her maiden voyage, the Titanic hit an iceberg and sank...

This was not only a disaster in human history, but also a turning point in the fate of the Morgan family's wealth.

As a result, the Morgan consortium faced a series of congressional accusations and was forced to accept investigations.

J.P. Morgan, the legendary figure of the Morgan consortium, died mysteriously two months after testifying in court. After that, the Federal Reserve was established, gradually replacing the Morgan family's position as the central bank of the United States for more than 150 years.

After that, the United States encountered the Great Depression, the stock and bond markets were severely depressed, the national economy was also in a bleak state, and the unemployment rate exceeded 10%.

People took to the streets and an anti-Wall Street wave broke out - the theoretical basis behind it was that the mixed operation pattern of commercial banks and investment banks at that time had shortcomings, which amplified financial risks.

So in 1932, the U.S. Congress passed the Glass-Steagall Act, requiring commercial banks and investment banks to operate separately in order to further weaken the power of private financial groups and maintain financial market stability.

Ultimately, this act forced J.P. Morgan to abandon its investment banking business and choose to become a single commercial bank.

In 1935, J.P. Morgan completely closed its investment banking department.

JP Morgan's grandson Henry Sturgis Morgan and Harold Stanley led the company's investment banking team to leave and established a new securities company named Morgan Stanley, which we usually call "Morgan Stanley".

Morgan Stanley's registered capital and founding team all came from the original JP Morgan. Since then, Morgan has been split into JP Morgan and Morgan Stanley.

Since the 1980s, financial regulation in the United States has also become looser.

With the development and expansion of the American financial industry, commercial banks began to penetrate into investment banks, and many commercial banks have disguised investment banking departments.

In 1999, the U.S. Congress passed the Financial Services Modernization Act, repealing the relevant provisions of the Glass-Steagall Act, legally eliminating the boundaries in the business scope of banks, securities, and insurance institutions, and ending the long-term It has a history of more than years of financial branch operations.

As a result, commercial banks began to engage in investment banking business on a large scale, and JP Morgan gradually became a full-featured bank.

In addition to the commercial banking segment, investment banking and asset management businesses have been gradually added, while Morgan Stanley still specializes in investment banking.

Judging from the history of investment banking, the later JP Morgan investment banking branch appeared later than Morgan Stanley, so Morgan Stanley is called "Big Morgan" and JP Morgan is called "Little Morgan."

But JP Morgan has stronger overall strength. In this situation, when Barron was in the financial industry in his previous life, he often heard people in the Chinese industry jokingly call this "big-headed son and small-headed daddy."

In 2000, JP Morgan and Chase Manhattan Bank merged to form JP Morgan Chase - interestingly, Chase Bank was once the financial business platform of the Rockefeller family consortium and has since undergone several mergers and acquisitions.

In this subprime mortgage crisis, JPMorgan Chase not only withstood the test of the subprime mortgage crisis, but also took the opportunity to acquire Bear Stearns at a low price...

Later, they will also merge with the bankrupt Washington Mutual Company and become the winner in this financial crisis.

In 2004, JPMorgan Chase's total assets were US$1.12 trillion, second only to Citigroup's US$1.19 trillion.

In Baron's previous life, by 2009, JPMorgan Chase's assets exceeded $ trillion, surpassing Citigroup by $ billion. Its investment banking business caught up with Goldman Sachs and Morgan Stanley to become the largest underwriter on Wall Street.

Yes, in this subprime mortgage crisis, many bankrupt banks and investment banks will become food for other "vultures", but these "vultures" will also do what they can to hunt.

Because blindly expanding scale will not necessarily increase profits, in previous and subsequent large-scale corporate mergers and acquisitions, bankruptcies due to failed restructuring also accounted for a large proportion.

Therefore, the purpose of Barron's meeting with these Wall Street capital investors, including JPMorgan Chase, who still retain power during the subprime mortgage crisis, is to join their ranks and maintain a tacit understanding with them, so as to avoid "sharing the food". "Conflicts arise.

Why did JPMorgan Chase acquire Bear Stearns in the end? Not only was their strength sufficient, but Bear Stearns' business was more suitable for JPMorgan Chase to merge.

If many of the other party's businesses overlap with your own, then acquisition is not the best choice.

The same is true for Barron. It is impossible for him to swallow all the "fat meat" who were in trouble during the subprime mortgage crisis. On the one hand, there is not so much money, and on the other hand, this will also cause other Wall Street giants to dissatisfaction, and makes Standard Chartered Bank too inflated in the short term, which can easily lead to many hidden dangers.

Between him and those other capital giants, there needs to be a state of both competition and cooperation, and a certain tacit understanding between them is maintained.

……

"The success of "Iron Man" has made Marvel Studios very excited. They will immediately start preparing for the second part of "Iron Man" and another character movie "Thor"..."

After hearing the words of Blue Valley Capital CEO Annika Dawson, Barron did not object vocally - this in itself was some of the changes made under his proposal.

Originally, Marvel Studios was planning to start filming "Iron Man" and the Hulk movie "The Incredible Hulk" at the same time, but Barron knew that in his previous life, "The Incredible Hulk" did not perform well, so he decided to Plans for this movie were rejected and instead changed to another movie, "Thor."

However, out of caution, Marvel Studios CEO Kevin Feige decided to wait until the first "Iron Man" movie was released and see the response before starting the "Thor" movie.

As a result, in April this year, "Iron Man" finally began to be released worldwide, including China.

As a result, this Marvel movie, which was not expected by many, took in a box office of US$1.007 million in North America during its opening weekend after its release. It topped the North American box office charts.

After that, "Iron Man" began to be released one after another around the world, and the box office continued to increase.

So far, the North American box office of "Iron Man" has exceeded 2.5 million US dollars, and the overseas box office has exceeded 2 million US dollars.

According to predictions from relevant agencies, the global box office of "Iron Man" will definitely exceed US$5.5 million, and may even reach US$6 million!
This figure, compared to its production cost of less than 1.4 million US dollars, is already a huge profit.

You know, for Hollywood movies, the box office revenue only accounts for a very small part of the total revenue of a movie, and the subsequent revenue from peripherals, DVDs, etc. is the bulk.

And the most important thing is that after the success of "Iron Man", it was announced that the "Marvel Universe" has been opened. Next, Marvel-MGM Group will be more confident in investing in Marvel movies-this only It's just a beginning.

(End of this chapter)