Back To 1995

   Chapter 481 Pawns

Just like people, everyone has their own way of survival, and the same is true of banks. Banking giants like UBS and Citigroup are mainly users with deposits of more than 500,000 or millions of dollars. They eat the banking industry. 's head.

   Small and medium-sized banks are no match for these giant banks, but they also have their own way of survival. The way of survival of Alliance Western Bank is low handling fees and low commission fees.

Relying on lower handling fees than big banks, coupled with some specially set services for users, such as deposit interest, tax incentives and other means, it has also attracted a lot of people in the states of America, especially in the western states. user.

But today, in less than a day, more than tens of thousands of users have transferred more than 10 million US dollars to the Western Bank of Alliances. It is normal for the US dollars in the user's account to be transferred, but such a large-scale transfer If you leave, it will be tricky, which is equivalent to being run!

Being scolded by the department manager, the head of the savings department of Alliance Western Bank was sweating profusely, and he had no idea what was going on. The money was transferred.

   After making several phone calls, the head of the savings department finally found his brows, "Those US knives from bank users have been transferred to Comerica Bank, and there is a... PayPal payment platform!"

  “PayPal payment platform?”

   Hearing this name he had never heard before, the manager of Western Bank of Alliances was confused and didn't know where this PayPal came from.

   "PayPal payment platform, the deposit interest given is higher than that of Alliance Western Bank, reaching 1.5%, and..."

The interest of bank deposits in America is generally very low, or even no income, and some even pay a management fee to the bank. Generally, the annual interest is about 1%. The deposit interest of Alliance Western Bank to users is 1.25%. , in the American banking industry, it is already not low, and now PayPal has increased the deposit interest to 1.5%!

   "And what?" The manager of the Western Bank of Alliances asked, suppressing his anger, he felt that PayPal was breaking the rules of the American banking industry for decades, and deliberately fighting against small and medium-sized banks such as Alliances!

   glanced at his immediate boss, and he said, "PayPal's transaction fee is only 16% of that of Alliance Western Bank!"

The voice of    fell, and the head of the savings department heard a "bang". The landline phone was in the manager's hands, and it fell to the ground with a loud noise. The entire office building suddenly became quiet.

   "PayPal is a lunatic, they are competing maliciously, it is going to destroy the entire American banking industry!"

The manager of Alliance Western Bank roared, what does it mean that the fee is only 16% of their bank's fee, that is, a transfer of $100, Alliance and other banks charge a fee of $2, and PayPal is insane , the fee was reduced to less than a dollar, only 0.32 dollars, and it was a one-way charge, only the recipient was charged.

   This is a big temptation for ordinary users, not to mention those merchants. They can save a lot of money on this fee alone. The key point is that PayPal has also launched an account anti-theft and anti-fraud transaction system for the first time.

   This is much better than the bank that only charges fees and ignores the rest.

Now the manager of the Western Bank of Alliance finally understands why all the users of the bank have changed their families. If it is himself, I am afraid that they will put their money on PayPal. The deposit interest is higher than that of the bank, and the handling fee is higher than that of the bank. Low, 24 hours to provide real-time account transfer function, also provide account protection...

  If PayPal really did what it said, the manager of Alliance West Bank felt a chill in his heart. He felt that a small bank like Alliance West Bank would not be beaten by PayPal!

   "PayPal is competing in bad faith, it doesn't have a license from the Federal Reserve at all, and Wall Street won't agree to its appearance..."

   The manager of Alliance West Bank, shouting hysterically, he wants to kill PayPal in the cradle, really let PayPal develop, he feels that there is no place for Alliance West Bank!

In the Goldman Sachs office building in New York, Paulson is holding an executive meeting, "Soros, it should start this month, Goldman Sachs needs to be prepared, Siam, Stick, Japan, Singapore, Malaysia, will be Goldman Sachs. The goal!"

Paulson waved his big hand and gave orders to a group of Goldman Sachs executives. As the leader of Wall Street, how could Goldman Sachs not know about the movements on Soros' side? Even Soros' Quantum Fund, some US knives, are It's Goldman Sachs' ammunition for it.

Goldman Sachs, or several major institutions on Wall Street, actually use the Quantum Fund as a pawn, let the Quantum Fund stand in front, and then they take advantage of the fisherman. , how to act as a teacher of justice who saves Siam, Bangzi and other places?

   If you get it cheap and sell it well, if you do that, you have to set up an archway, which is what Wall Street has to do now, squeeze the oil and water from several areas in Southeast Asia, and ask the other party to say thank you...

   Just as Paulson was busy making arrangements with Goldman Sachs, ready to let Goldman Sachs get a big vote, when a wave of results this year was completed, an assistant hurried in.

Paulson's confidant, Pelle Greene, whom Song Yang had met before, saw the assistant come in, and after talking to Paulson's ear, an expression appeared on Paulson's face. The blank look was fleeting, but Greeney, who was familiar with Paulson, knew that Paulson must have encountered something that surprised him.

   After arranging for Goldman Sachs to cut leeks in Southeast Asia, Paulson returned to the office, and Pelle Greene followed.

   As soon as he entered Paulson's office, he heard Paulson say in a bad tone, "Where did this PayPal come from, and who is Aaron Swartz?"

Wall Street says it’s not big or small. Goldman Sachs’ news is well-informed, but it’s impossible to keep an eye on all opponents. PayPal’s news has appeared before, but Goldman Sachs didn’t pay attention to it at all, just like Zhu Chongba, who is still a beggar At that time, it was impossible for Wang Baobao to take the 800,000 imperial troops to grab Zhu Chongba's job, right?

After    Pellet Greene entered, Paulson threw a newspaper in front of him.

   Picking up this Wall Street Journal, Pelle Greene saw that the front page was a dizzying headline.

   "The century-old Wall Street ushered in great changes, PayPal will change the payment habits of American people!"

   If he was not convinced that the newspaper in his hand was the Wall Street Journal, Pelle Greene would doubt whether he was holding some third-rate lace tabloid.

   But when he saw the contents of the newspaper, Pelle Greeni's expression became a little more serious.

"On the first day of PayPal's launch, the number of downloads and registrations of global users exceeded 2.1 million, and the single-day turnover exceeded 18 million US dollars. Xue Leshan Online, eBay, Amazon and other platforms claimed to support PayPal payment. PayPal is likely to use low-cost payments. Handling fees, replacing traditional bank transfers and remittances…”

  The Wall Street Journal is very concerned about PayPal, which has just been released on the first day of its launch. It believes that it can shake the status of major banks in America, not because of how strong PayPal is, but because it may replace the status of those small and medium-sized banks!

   "Aaron Swartz," Greeney asked, chewing on the name, convinced he had never heard it before, "Where did PayPal come from?"

They are all experts. As soon as they shoot, they know the depth of their kung fu. They are so angry that PayPal has shown today. With so many companies cooperating and sending so many beautiful knives to users, there is no support behind this, I guess ghost Neither believe it.

   "There is not much news at the moment, only that PayPal is headquartered in Houston, Texas..."

   When he heard the terms Texas and Houston, Pelle Greene, who had dealt with someone, instantly had a figure in his mind.

Paulson's assistant continued, "PayPal has obtained a temporary electronic payment license issued by Texas, and now Alliance Western Bank, Hudison City Bank, Estor Bank, etc. are boycotting PayPal, hoping ABA, the American Bankers Association, can come forward to sanction PayPal against the Federal Reserve Board, and there are rumors that PayPal's investor may be the founder of ICQ in Silicon Valley..."

   "Bruno Song!"

Before the assistant could finish speaking, Pellet Greeni said Song Yang's name, and then he became very angry. He had dealt with Song Yang, and it was because of this that he felt troubled. Pellet Greene knew that PayPal, in all likelihood, was created by Song Yang.

"What the **** is this Bruno doing?" Hearing that Song Yang might be behind PayPal, Paulson looked at Greeney with a bit of helplessness and sneer in his tone. Paulson didn't know if it was the Silicon Valley gang. The upstart is so bold that Wall Street dares to provoke, "He wants to be the enemy of Wall Street?"

Paulson feels that people in Silicon Valley have been dancing so much in recent years, and they have repeatedly made all kinds of big news. , in order to let them know, who is in charge of Amelica!

  Pellet Greeney listened to Paulson's words, but did not laugh, "Bruno Song definitely doesn't want to be an enemy of the entire Wall Street, but he may indeed be doing this, he has already done it once!"

Paulson's smile stiffened on his face. Wall Street has always cut other people's leeks, but Song Yang has really cut Wall Street's leeks. Just like the broadband that Goldman Sachs is using now, it is supplied by America Telecom, and Goldman Sachs uses one. Fifteen million dollars for a seat, bought back...

   (end of this chapter)