Either cooperation, or war!
This is the choice Donnie gave to Morris Wilson and John Richardson.
There’s no middle option, only these two.
Morris Wilson and John Richardson did not imdiately respond to Donnie.
Both expressed that they needed to go back and seriously consider it.
Donnie had no objection to this.
Indeed, this matter is very important to them.
However, Donnie didn’t give them too much ti, only three days to consider.
Then Donnie went to Lakefront Town to et with Walker, Bruce Currie, and others.
"What did they say?"
Upon seeing Donnie, Walker imdiately inquired.
This cooperation is actually very important for the Astor Family.
Before Walker took over the Astor Family, the core industry of the Astor Family was the real estate in Manhattan.
anwhile, they invested in Citibank.
But as Walker took over the industry of the Astor Family, the industry started to change.
They began to develop towards the hotel industry.
At the sa ti, they gave more cooperation to Venus Bank, and as the Rockefeller Family took over Citibank, the Astor Family’s influence in Citibank beca smaller and smaller.
As one of the United States’ super families, the Astor Family has always wanted to venture into the financial industry.
Even if Walker and Donnie’s relationship is evident here.
However, the banking industry in the United States has developed to the point where the pie has already been divided by Venus, Morgan, Citibank, llon, and Chase.
Trying to develop further can be said to be very difficult now.
But now things are different; now Donnie and Walker and others have jointly ford Rongi Bank in Canada.
Although Donnie still holds the reins at Rongi Bank, it’s at least a breakthrough in the financial industry for the Astor Family.
"They still need to consider, but the problem shouldn’t be significant!"
Donnie replied with confidence, sitting on the sofa.
Cooperating with Rongi Bank is actually very suitable for these two banks.
Because even without Rongi Bank, they would still be competing with several other banks in Canada.
Now that Rongi Bank has joined the Canadian financial battle.
Things have beco delicate.
Firstly, Rongi Bank has no foundation in Canada, so in this impending battle.
Actually, it’s the least concerned; for them, even if they lose, it’s just exiting the Canadian market.
So, in this battle, Rongi Bank is the least burdened.
From this perspective, it seems like Royal Bank of Canada and Montreal Bank don’t need to cooperate with Rongi Bank.
Because if they lose, they will suffer losses, but Rongi Bank won’t.
But this calculation isn’t that straightforward.
After all, everyone’s interest in Rongi Bank is not just in Rongi Bank itself, but in the Venus Bank behind it.
Cooperating with Rongi Bank is equivalent to cooperating with Venus Bank.
This is comparable to Royal Bank of Canada and Montreal Bank having powerful external support.
This external support is enough to give them an advantage in the competition against the other banks.
Originally competitors, suddenly having external support, their strength increases, and this is their advantage.
Even if they lose, it’s just losing so reputation, but if they win...
They will turn from several opponents into only Rongi Bank as an opponent.
"If that’s the case, I think we still must be careful of them reneging during cooperation!"
Walker reminded Donnie.
Donnie nodded: "That’s for sure, cooperation is fragile; everyone definitely has their own plans in mind!"
Regarding the cooperation with Royal Bank of Canada and Montreal Bank, Donnie would never treat them as unwavering partners.
Their core demand is to use cooperation with Rongi Bank to encroach on the interests of other Canadian banks.
If this demand gets fulfilled, then they might get off midway.
After all, if Rongi Bank grows, the threat it poses to them isn’t any less than that of other banks, and arguably, the threat is even greater.
But by that ti, they won’t be concerned, because by then Rongi Bank will certainly have operations in Canada.
If Venus Bank then wants to use the United States market to threaten Royal Bank of Canada and Montreal Bank, they can use their business in Canada to threaten Venus Bank!
"Therefore, we must have our own core business to maintain our competitiveness!"
Walker analyzed.
Donnie and Bruce Currie both agreed with Walker’s idea.
"Moreover, there is one thing we need to pay attention to, even if Rongi Bank is registered in Canada, we even invited Mitchell Hepburn and others to serve as the company’s directors.
But the influence on the Canadian Governnt is still incomparable to Royal Bank of Canada and Montreal Bank.
Therefore, we should focus on business layout!"
Bruce Currie also offered his thoughts.
Donnie nodded and smiled, saying: "Therefore, we prepared 300 million US Dollar for Rongi Bank, to use a lightning-fast approach, acquire more small and dium banks, and at the sa ti, I will have Cadillac, General Motors, and other companies build more factories here, to have more say!"
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