New York, Wall Street.
The building where Goldman Sachs is located.
Seymour Sacks passed away in 1935.
His son, Walter Sachs, smoothly took over Goldman Sachs.
However, during the Great Depression, Goldman Sachs suffered severe losses, which brought the company to a standstill.
In recent years, Goldman Sachs has finally regained its montum.
At this mont, Walter Sachs looked at the invitation in his hand and couldn’t help but look up to ask Vatiel Kachins, the senior partner of Goldman Sachs sitting opposite him.
"Is Chase celebrating their victory in advance?"
Vatiel Kachins has been a great help in the developnt history of Goldman Sachs.
Firstly, before becoming a partner at Goldman Sachs, Vatiel Kachins was already a well-known economist in the United States.
He was also teaching at Harvard.
Before joining Goldman Sachs, Vatiel Kachins had published books like "Currency," "Profit," and "Business Without Buyers."
They created quite a stir across the United States.
Walter Sachs invited Vatiel Kachins to join Goldman Sachs, which was also through a series of reforms led by Walter Sachs that brought Goldman Sachs out of the shadows of the Great Depression.
Vatiel Kachins glanced at the invitation in Walter Sachs’s hand.
"This doesn’t look like a celebration; it seems more like a declaration to everyone that Chase Bank won’t be as powerless against Venus Bank as they might think!"
Just today, Chase sent out invitations to many financial peers on Wall Street.
Inviting them to attend Earth Architecture’s celebration banquet!
To celebrate Earth Architecture’s securing of several important projects.
"So should we go?"
Walter Sachs asked Vatiel Kachins.
At this ti, Walter Sachs valued Vatiel Kachins greatly and could be said to follow his lead.
Now that Chase Bank is acting so high-profile, it makes their rival, Venus Bank, seem like they lost the war.
Walter Sachs didn’t want to embarrass Venus Bank, after all, Venus Bank is Goldman Sachs’s largest shareholder.
When ABC went public, Donnie had already bought shares in Goldman Sachs.
However, at that ti, Donnie did not hold much of Goldman Sachs’s stock.
Later, during the Great Depression, Goldman Sachs encountered serious operational problems, resulting in a drop in its market value, and Venus Bank bought more shares of Goldman Sachs at that ti.
This money was also one of the reasons that helped Goldman Sachs out of the predicant.
Although the Sachs family still holds the managent rights of Goldman Sachs at this ti,
In fact, it’s not wrong to say that Goldman Sachs is a subsidiary of Venus Bank.
Vatiel Kachins pondered and said: "I think we should go, and there’s no reason not to.
Venus Bank and Chase Bank are indeed at war now.
But as of now, we haven’t received any invitation from Venus Bank to join them in dealing with Chase Bank.
So at this ti, Goldman Sachs should be an independent entity.
Not simply a company dependent on so large consortium!"
Walter Sachs nodded slightly. Letting Venus Bank beco the major shareholder of Goldman Sachs was a helpless decision back then.
For Walter Sachs, he has always wanted to restore the Sachs family’s control over Goldman Sachs as it once was.
Though he also knows that this is almost an impossible task.
But even if he can’t regain most of the equity, he can demonstrate to the world Goldman Sachs’s independence.
Goldman Sachs is not a subsidiary of Venus Bank but a formidable entity with a voice on Wall Street.
"Alright, if that’s the case, then let’s prepare and attend Chase Bank’s banquet tonight!"
.
It wasn’t just Goldman Sachs that received the invitation from Chase Bank; influential companies on Wall Street did as well.
Another company closely connected to Venus Bank, rrill, did as well.
However, unlike Walter Sachs’s many considerations, Charles rrill of rrill made his decision quite swiftly.
Upon receiving Chase Bank’s invitation, Charles rrill imdiately called Bavilev.
"Mr. Leve, what do you think of Chase Bank’s invitation?"
Charles rrill politely asked Bavilev over the phone.
Compared to Goldman Sachs, rrill fared slightly better during the Great Depression; only slightly better.
After the Great Depression, the securities retail brokerage business shrank and lacked transactions, and the public’s trust in Wall Street was severely shaken.
This led many investnt banks on Wall Street to consciously distance themselves from the seemingly upscale retail brokerage business. However, rrill believed that once the public regained confidence in securities investnt,
The retail brokerage business still had significant potential.
Charles rrill shared his thoughts with Donnie.
Donnie also agreed that Charles rrill’s thoughts were correct.
Thus, after discussions between the two parties, rrill decided to acquire the first and second largest brokerage firms, E. A. Pierce and Fenner Bean, at the ti, to form the largest retail brokerage network investnt bank in the United States.
In fact, in another tiline, rrill did the sa.
However, in that other tiline, rrill did not have such financial strength and ultimately opted to rge with E. A. Pierce and Fenner Bean.
But this ti, things were different.
Venus Bank provided a significant amount of funds to rrill, ensuring that rrill completed these acquisitions.
Of course, this also made Venus Bank the largest shareholder of rrill.
In this regard, Charles rrill, perhaps due to being the founder, did not have an urgent need to prove his idea.
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