Chapter 1332: Chapter 455: The California Banking War Begins (Part 2)
Crea Gianini raised her eyebrows and snorted coldly: “Useless, what else can you do besides looking for those women?”
Ham Gianini was not angry, he just stated: “Alright, it was my mistake this time, I am willing to publicly apologize to everyone!”
“Crea, now is not the time to pursue responsibility, no matter how we handle Ham, we should wait until this issue settles down, and then talk about it!”
A director spoke up for Ham Gianini.
Crea Gianini glanced at him, knowing this director was one of the few in the board who didn’t want her to take over Italian Bank.
“If the Rothschild family is really involved, then why would they do this?”
Crea Gianini scanned the meeting room, wanting to get the answer she was looking for.
The answer was not difficult to find, and soon someone said: “It might be because both our sides are currently competing with Los Angeles National Bank for San Francisco Freedom Bank.”
It has been mentioned before that after the Rothschild family acquired Los Angeles National Bank, they not only tried to seize Venus Bank’s business but also aimed at Italian Bank’s business.
During this period, they set their eyes on the established bank in San Francisco, Freedom Bank.
Although Freedom Bank is not the largest bank in San Francisco, it is one of the most historic and influential banks in the hearts of the citizens of San Francisco.
So both Italian Bank and Los Angeles National Bank set their sights on this bank.
Previously, the San Francisco bank’s board preferred being acquired by Italian Bank because they believed that a bank founded by Amadei Gianini could better manage San Francisco Freedom Bank.
With this reason, everyone here believed it was a joint action of Morgan and Rockefeller.
But realizing this, it’s like a mountain was pressing down on everyone’s hearts.
Originally, just one Morgan was enough to give them a headache, and now with Rothschild adding to the mix, they couldn’t see a way they could win.
Crea Gianini also showed a tired expression, evidently under a lot of pressure.
“Stock prices are falling, and if it’s ordinary shareholders, it couldn’t have such a big impact, so those selling company stocks must be people from Wall Street!”
Crea Gianini felt tired but still kept her spirits up to deal with the current situation.
“It’s because of the company’s IPO that our stock price is under Wall Street’s control, no matter the outcome, we should find a way to break free from Wall Street’s control!”
Crea Gianini spoke without any reservations.
Even though some board members present were representatives of Wall Street.
They had no voice in this situation.
Furthermore, Crea Gianini ordered these representatives to leave the meeting room.
The representatives certainly didn’t want to leave, but they had no choice, leaving was the only option.
After they left, Crea Gianini said: “I believe now is the time for us to make a choice!”
Crea Gianini’s words gave the people in the meeting room a sense of humiliation.
This choice implicitly told everyone that to get through this ordeal, they need to sell part of Italian Bank’s assets, only this way can they avoid litigations initiated by others for monopoly.
In simple words, cede territory for peace!
“Olmo, please tally up all the company’s assets, we need to have everything prepared before my father arrives in Los Angeles.”
Olmo, as the accomplished general manager of Italian Bank, could only nod in humiliation.
Seeing that the atmosphere in the meeting room was heavy, Crea Gianini lightly tapped the table, drawing everyone’s attention back to herself.
“Everyone, don’t feel humiliated by today’s events, a temporary success or failure is nothing, and this lesson provides us with experience to avoid such situations in the future, moreover, it’s not entirely a defeat this time!”
Crea Gianini’s words surprised everyone in the meeting room, they had reached the point of ceding territory for peace, what else could it be if not a complete failure?
Crea Gianini clarified the confusion for them.
She said: “We can use the funds from selling assets to buy back the company’s publicly listed stock, making our bank more stable internally, and those Wall Street representatives who never stood on the same side as us can leave our bank, also, this will help us break free from Wall Street’s control!”
One must admit, Crea Gianini’s response truly lifted the spirits of those who were disheartened by the failure.
“Indeed, a temporary success or failure is nothing, we just need to get through this crisis, we are still the mighty Italian Bank!”
A director voiced their support for Crea Gianini’s suggestion.
The others, after brief consideration, also began to agree with Crea Gianini’s plan.
Seeing everyone finally reaching a consensus, Crea Gianini breathed a sigh of relief, successfully stabilizing the current situation before her father’s arrival.