Back To 1995

   Chapter 531

After PayPal acquired Prosperity Bank, Conor no longer needed to be accountable to those sub-directors. In the future, he only needed to be accountable to Aaron Swartz or Song Yang. In fact, it was enough. Make Conor more powerful.

   After all, if you think about it, you can see that in the past, he was the president of Prosperity Bank, but he still had a lot of mother-in-law on his head. If he wanted performance, dividends, and the stock price fell, Wall Street would ask him to trouble him.

   Once the acquisition is completed, Prosperity Bank will be under the control of PayPal, and he will no longer need to pay attention to the troubles. As for the stock price, it depends on Song Yang's mood.

   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 receive PayPal equity rewards.

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

   "The purchase price of US$650 million, 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 an eye.

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

   As long as Conor agrees, the board of directors of Prosperity Bank, even if they have an opinion, is useless.

   "After the acquisition is completed, I hope Conor, you can improve PayPal's risk control system, let PayPal cooperate with Prosperity Bank, and develop 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 acquisition is completed.

   Even if the bank is not good, the risk control system and professionals are still much stronger than the grass-roots team of PayPal!

  PayPal wants to develop credit and mortgage business without the support of banking professionals. Even if there is no Prosperity Bank delivered to the door, PayPal will 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 to the stuff introduced by PayPal, the methods of traditional banks are obviously a bit antique, but now Conor found that , Song Yang seems to be very interested in offline business.

   "Song, if a risk control system is implemented, Prosperity Bank does not have any offices or personnel outside of Houston and Texas. If it is to be established, it will probably cost not a small amount."

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

When a user borrows a US knife or mortgages a product, he can quickly judge whether what he said is true, how much risk it is to lend him a US knife, whether the mortgaged things are real, etc. As for the other things, His income, 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 you don't want to be just a payment platform!"

Song Yang is telling Conor, and also telling Aaron Swartz that PayPal will never starve to death and can earn enough food and clothing just by charging transaction fees, or earning some commissions from selling funds and insurance. , but if you want to turn it into a money-making machine with no emotions, it is 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 worth has increased by more than 10 billion a year, and he has become the richest in the NBA. one of the bosses.

   For PayPal to develop credit, mortgage and other businesses, it must have its own risk control system, which is even stronger than that of banks.

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

It seems very simple, but within ten minutes of the user's application, PayPal's credit department personnel have turned over the user's information through the internal risk control department and evaluated his repayment ability. , and then loan the US knife to him. This efficiency and speed may be dozens of times that of the bank, so that users "feel" that borrowing money from PayPal is "very easy", and the purpose is accomplished.

   Hearing that Song Yang was going to spend a lot of money to build this risk control system, and to set up offices in the states of America, and even overseas, made Conor's heart not move.

If he can really do what Song Yang said, then Conor feels that with PayPal, Prosperity Bank may be able to get out of Houston and enter the overseas market, and he can also become the president of the American Banking Industry. one!

If you can become the president of the Bank of America, then basically, conservatively, you can become a big man on Wall Street and a powerful man in America. At that time, compared to now, you can only be the president of Prosperity Bank. much stronger.

   Stayed at Song Yang Villa for a while before Conor left. The next day Conor was upright and took a group of executives to PayPal's new office building.

   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.

  The acquisition of a traditional bank by an Internet company 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 turn to buy the other party!

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

   But as long as there is no announcement, everything can’t be settled, not to mention, Song Yang, the big money owner of PayPal, has always been good at making fools and can play anything.

  So as soon as the market opened today, the share price of Prosperity Bank began to jump up and down. Some investment banks and institutions on Wall Street were fishing in troubled waters and not making too much money.

Those institutions on Wall Street kept releasing all kinds of unrecognizable news, what negotiation broke down, and Prosperity Bank’s asking price was too high. , and then another "frontline news" came out, threatening that Song Yang and Conor had reached a deal and were signing an agreement, and photos also appeared. As soon as the news came out, the stock price of Prosperity Bank was instantly smashed again. pulled up.

Anyway, today, in this atmosphere, I was repeatedly pulled, and leeks kept jumping in and out of the car. John Hader was also pulled and numb, and he secretly scolded Wall Street's gang of six. Bring back the cut.

After he arrived, John Harder was already in trouble, so he didn't care about his eyes and mind. If he didn't read those gossip news, he just waited for the final close to see if he became a millionaire or climbed to the rooftop again. Anyway, before the close. , there will definitely be results.

   "Mr. Griffin, I hope you can follow the rules, I don't want 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 that prohibits Ken Griffin from leaving New York. Although it is a pretense, if Ken Griffin runs out of the country during this period of time and is photographed by the media, then it will be difficult for them to do it. People, so forewarned Ken Griffin to stay calm during this time.

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

   Serious-faced lawyers protested against federal agents treating Ken Griffin as a prisoner.

   "I won't leave New York, don't worry!" Ken Griffin said to several federal agents in New York.

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

   After all the people left, Ken Griffin and a few lawyers and confidant assistants were left in the mansion. Ken Griffin sat on the sofa and finally couldn't help but cursed angrily.

"Tomorrow, prepare season tickets for Broadway, the Opera House, the New York Yankees, and the Nixon teams, and send them to Mrs. Spitzer. In addition, prepare a private party. If Spitzer is willing to attend, arrange some words that you can trust. It is best to be a model from abroad!"

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

Among them, Ken Griffin asked a public relations company to help lobby, and he also invited a well-connected member of the Donkey Party to help. He has always been a supporter of the Donkey Party. It's better to put a Ma Griffin, otherwise Spitzer will stare at him, and he will have to step on a sewing machine for a few days in federal prison.

   was temporarily barred from leaving New York, and was barred from entering the stock market for a few months, but Ken Griffin barely got through.

He finally let go of his hanging heart. He waved his hands tiredly and told everyone to leave. Ken Griffin turned on the TV. He had not watched the news for many days, because after turning on the TV, he only talked about Griffin. news, that's basically not a good word.

   Turned on the TV again today, flipped through several financial channels, but didn't report on himself. Ken Griffin knew that his limelight was over, but the news reports made him feel suffocated.

   (end of this chapter)