Back To 1995

   Chapter 523

Like Bank of Hawaii and Alliance Bank, they are also helping several major Wall Street banks on weekdays to issue some funds, insurance, bonds, etc., and extract fees from them. Goldman Sachs takes the bulk of them, but they can make money Soup drink.

   But now, Goldman Sachs, Citigroup, Morgan, etc., have obviously abandoned small banks and chose PayPal. This behavior of seeing the wind and the rudder naturally makes Alliance Bank and others dissatisfied.

  In the past, they were squeezed by Goldman Sachs, Citigroup, etc., but at least they showed that they had useful value. Now they are directly kicked away. To put it in a bad way, even if they are dogs, people are disgusted with wasting food...

On the phone, the swearing voices of Goldman Sachs and others were endless. These bank managers and responsible people also knew that Goldman Sachs saw the tens of millions of leeks in PayPal's hands before abandoning them, that is, the use value of PayPal, which has already been used. is beyond them!

   "Damn it, PayPal has built a new server center in Delaware, and has an offline store!"

   As for the manager of Estor Bank, he suddenly received a message and couldn't help but scolded him on the other end of the phone.

   "Also set up an operations center in Arizona!"

   Another muffled voice came from a bank in Arizona. They knew that this was PayPal's counterattack.

   What made the bank managers even more shocked was that the person in charge of the Bank of Hawaii suddenly exclaimed, "funk, PayPal has started a half-year free transaction fee business in Hawaii!"

   This wailing, can hear the person in charge of the Hawaiian Bank, really broke his mind, PayPal is the first to take the Hawaiian Bank knife.

Compared with other states, Hawaii has the fewest users, and PayPal pays the lowest cost and the lowest price. Naturally, it is the first to use the Hawaiian Bank to start the operation and directly implement the half-year free transaction fee. As long as the user is registered in Hawaii, You can transfer and trade for free on PayPal within half a year!

   And soon after the Hawaiian Bank, another bank received news, "PayPal has increased the interest rate of the PMMF fund!"

This time, the banks are no longer in the mood to hold conference calls. PayPal is obviously drawing salaries from the bottom of the pile and reducing the handling fee in order to rob users and increase the interest on deposits. Obviously they are going to be wiped out.

   At this time, if you are in any mood to hold a conference call, you have to start a meeting between the management and the board of directors to discuss how to deal with PayPal's attack. If you don't do anything, they will be really cold.

After PayPal, which was still being targeted before, cooperated with Goldman Sachs and Citigroup, it immediately started a counterattack. In Hawaii, it began to steal users without transaction fees, and in Arizona, Delaware, Las Vegas and other states And cities, implement low transaction fees, and continue to steal users from these local banks.

And backhandedly increased the interest of the PMMF fund, allowing more people to deposit US knives on the PayPal platform. This wave of attacks was extremely violent, and it started an offline advertising model, which is no longer limited to online. After a wave , allowing PayPal to achieve the feat of adding one million users in a single day in America.

   Watching PayPal and Alliance Bank, etc. are in dire straits, these traditional banks can't help PayPal, and Wall Street has a new understanding of the combat effectiveness of Internet companies.

   In addition to counterattacking opponents, PayPal also borrowed long-term funds through the honeymoon period with Wall Street to prepare for a few years later.

   But what really feels uncomfortable is Prosperity Bank headquartered in Houston, but it is gloomy and gloomy. Since last month, the business of Prosperity Bank has dropped by more than 40%!

Small and medium-sized banks all over the world are basically the same. If small banks want to survive, they must get the support of local municipal departments and large companies. This is an iron rule, that is, they must have their own base camp, otherwise it will be a tree without roots. , fell down when the wind blew.

Prosperity Bank, which previously relied on the Houston Municipal Department, as well as energy companies such as Enron, ConocoPhillips, Bakers, and a number of technology companies, will settle and transfer part of the settlement, including deposits, payroll business, etc. Give it to Prosperity Bank, otherwise why a small bank can make more than ten billion dollars in revenue a year.

   Now, all this has changed. Since PayPal appeared, the Houston municipal department has begun to slowly transfer all kinds of businesses involving US knives away from Prosperity Bank.

Enron and other energy companies no longer store US knives in Prosperity Bank, and do not choose to use Prosperity Bank to pay staff salaries. This blow is really too big. If nothing else, the next In the quarter, the revenue of Prosperity Bank basically collapsed, and the stock price has now fallen by more than half. Investors shouting to sue Prosperity Bank are all lined up...

   But now, for Prosperity Bank, these are not the key, the most important thing is to be able to survive, otherwise everything is empty talk.

Conor came to the Houston City Hall again and had been waiting for nearly two hours. He knew that it was Adrian who didn't want to see him, but as the president of Prosperity Bank, he was still waiting. .

Some Houston City Hall personnel who recognized Conor, glanced at him, and left in a hurry, as if they had seen nothing. At the beginning of the year, these people regarded Conor as a big man. being treated.

Conor is not surprised by such a scene. This is America, and everything depends on wealth and power. Without these two, even if you were provided yesterday, you will still be like a homeless person today. ignore.

   Looking at Conor, it seemed that he would not leave without seeing Adrian. The door to Adrian's office finally opened, and a figure came out.

   Seeing the figure coming out, Conor finally got up, put the trench coat on his arm, picked up the briefcase, and looked at the Chief of Staff Matthews in front of him.

   "President Conor, Mayor Adrian, please come in!" Matthews stepped aside and said to Conor.

Conor nodded and said to Matthews, "Thank you, Matthews, I have booked the restaurant in the Houston Hotel. If you have time, you can go to dinner with Mrs. There is a London song and dance at the Grand Theater in the evening. group performance."

   Hearing these words, Matthews sighed in his heart. He and Conor are already familiar with each other. He didn't expect Conor to fall into this field now.

   After Conor entered, Matthews closed the door.

After seeing Conor, Adrian stood up like an old friend, hugged Conor, and muttered, "I'm really sorry, Conor kept you waiting, you know, it's really too busy!"

   (end of this chapter)