Chapter 1468: Chapter 16: Forced Transformation_2
The new policy of the Kingdom not only imposes a financial tax but also pushes us to a dead end!
If there was a choice, who would want to bear the scorn of being a high-interest lender?
But there’s no choice; those high and mighty Noble Lords need high returns. If we can’t satisfy their appetites, we would lose our value of existence!”
Viscount Feitehorne said with a face full of grievance.
The Nobles are also divided into various ranks. Although they seem to have titles, they are bought from small countries, only for decoration.
Within the Kingdom, the true aristocrats never even look them in the eye. Even those penniless rural Knights can ntally look down on them.
In the Feudal Farming Era, there aren’t many ways to make money. Aside from agricultural production, lending to freen, and small Nobles is also an important source of inco.
Major Nobles cherish their reputation, so if they do it themselves, the interest rate can’t be too high, otherwise, it would damage the Noble reputation.
To earn more profit, underground banking was born. The powerful deposit so money inside, give it to these professionals to lend, and just withdraw a fixed return each year.
In return, these behind-the-scenes operators would handle any official trouble, while they just focused on making money.
Originally, everything was fine, but with the introduction of the new policy, everything changed.
According to the new regulations, there is still profit in conducting loan business. But after so many years of operation, the appetites of the big shots behind the scenes have long been whetted.
If we bluntly say there’s no money to split in the future, they might kill us and swallow the assets we painstakingly accumulated.
“When the hares are gone, the hounds are cooked; once the birds are shot, the bows are put away.”
Not only does this apply in politics, but it is more broadly used privately. From the day they were defined as doing “dirty work,” it’s hard for them to clean their na and get onshore.
“Viscount, we’re all in the sa circle, no need to hide anything. What exactly do you want by inviting us today?”
A big man with a bushy beard was first to inquire.
Everyone is in the sa line of work, and there have been no fewer frictions because of business. They are so familiar with each other that they could imdiately see Viscount Feitehorne’s intention to stir things up.
“Savage Beard, you are still so impatient. Fine, let’s get straight to the point!
The content of the Kingdom’s upcoming policy, I believe you have all heard about. If we truly execute according to the above regulations, we might as well stop doing business.
Now, we have two paths left: either rely on the relationships behind us, stubbornly resisting the Kingdom’s policy, or go with the flow and change our business model.
The ergence of the Near East Developnt Bank proves that large-scale lending is the future of the industry.
Fighting alone, we simply can’t compete with those big banks. The best choice to avoid ending up dead on the street is to unite.
It’s not just us; fellow counterparts distributed across the Kingdom are all potential alliance targets!”
Feitehorne’s words were well thought out.
Under the Kingdom’s new policy, they simply couldn’t survive. Going against the new policy is clearly like an egg hitting a rock.
Without a leading big bank like the Near East Developnt Bank, these high-interest lenders wouldn’t have such strength!
Even if they have the support of the Kingdom’s aristocrats behind them, it’s only for profit, and their cooperative relationship can end at any ti.
Expecting them to risk everything to support them and confront the Kingdom Governnt is clearly a dream.
Transformation has beco the only reliable choice at present. Once this step is taken, they will no longer have to constantly exploit freen, and business with the Nobles can still be conducted.
The specific profits are unclear, but everyone knows the Near East Developnt Bank is making a huge fortune right now.
A newly erged financial institution can make so much money, there’s no reason these seasoned players can’t do it.
“Hmph!”
“It’s all that fool Rinnares’s fault. If he hadn’t caused trouble for no reason, everyone could have just carried on business as usual; there wouldn’t be so much trouble today.
If given the chance, I will definitely teach him a lesson!”
The black-robed elder’s rant drew no objections from the crowd. Although the policy targeting them wasn’t led by Earl Rinnares, he was an easy target.
There’s no way they would confront decision-making King Caesar IV or Hudson, who refined the specific plan.
The only one they dared and could move against was Earl Rinnares. Whether he deserved it or not, he had to bear this resentnt.
“There’s no hurry for revenge for the ti being.
The bill has not yet been approved by the parliant. If we take radical asures, it is easy to provoke the Kingdom Governnt’s dissatisfaction, leading them to enact even stricter policies.
The urgent task is to learn bank operations and quickly complete the business transformation.
This is a crisis, but it is also an opportunity. Compared to universally condemned high-interest loans, banks have a much better reputation.
If managed well, we can clean our nas and even beco true Kingdom Aristocrats!”
Feitehorne tirelessly advocated.
This dream must be drawn and painted as big as possible. Without a common goal, how can they unite in the next step?
Feitehorne didn’t believe his charm would be enough to win everyone’s admiration and respect!
During these rough growth years, without any procedural restrictions, forming a bank is too easy.
Many small and dium banks on the Continent are products of big shots’ sudden whims, pure grassroots teams.
However, even grassroots teams have managed to survive. Not because banks are imnsely profitable, but because the energy behind their shareholders is powerful enough!
Each one of these high-interest lenders already has a lousy reputation, and if only they step forward, they might as well sign their death warrant!
Feitehorne’s real aim is to draw in the Kingdom’s aristocrats behind them. Although not hoping to have shareholders spread across half the Continent like the Near East Developnt Bank, at least they should have a say in the Kingdom.
For example, this ti, if their power in the Court is large enough, these proposals targeting them wouldn’t pass without a ripple.
Regrettably, although everyone has soone behind them, these forces are dispersed. Having them attack Earl Rinnares might still be possible.
If faced with a Kingdom top aristocrat like Hudson, being able to argue a few points is already comndably responsible. Direct conflict is impossible.
Even if not for themselves, they must consider their families. In the Alpha Kingdom, a nation where everyone is ard, if there are no family mbers serving in the military, one can hardly claim to be a Noble.
If they preemptively offend the Commander in Chief, who knows what might happen when a new war breaks out.
“Viscount, I have to admit that your proposal is very tempting.
We, individually, are insignificant. If we can unite, we can imdiately step into the second tier of the banking sector.
Our experience is not sothing those grassroots banks can compare with. At least in custor screening, risk assessnt, and collecting overdue debts, we have an absolute advantage!
Catching up with the Near East Developnt Bank might be a lofty goal, but surpassing other comrcial banks has a high chance of success.
The stakes involved are so great, how should the equity be divided?”
The words of the elder in the purple robe instantly pulled everyone back to reality from their daydreams.
They want a share, and so do the aristocrats behind them. With so many participants in the pie-sharing, dividing the pie well becos a dilemma.
“Naturally, it depends on who puts in the most actual cash!
Don’t forget, during the developnt of the Near East Developnt Bank, it was through continuous financing that it beca today’s giant.
Striving to beco the Kingdom’s second-largest bank, it’s impossible not to burn money, possibly seeing no profit for a long ti into the future!”
These words are not only for those present to hear but also for those behind them. If they wish to make big money right from the start, this business cooperation is unnecessary.
As a half-in-the-industry person, Feitehorne hasn’t missed researching the Near East Developnt Bank’s profit model, ultimately concluding—scale!
Whether it is the size of the bank, the number of clients served, or the cost of setting up a branch, it’s nearly the sa.
To dilute costs, they can only start by scaling up, then compete with peers at a lower cost.
…
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