Chapter 828: 283, from 130 million to 200 million_3

Firstly, Donnie visited the headquarters of Breton Bank in New York, where he met Heath Sabah, the general manager of Breton Bank.

Heath Sabah himself was the general manager of Breton Bank, and Donnie valued his capabilities, so he did not replace him.

“How are things going?”

Donnie, sitting in what used to be Dick’s office, asked Heath Sabah.

Now that Venus Bank had completed the total acquisition of Breton Bank, and Breton Bank had successfully delisted from the NYSE, the most important thing for Breton Bank was to relocate its headquarters to Atlantic City.

This would also facilitate Donnie’s management of Breton Bank.

By then, New York would just be a branch of Breton Bank!

“Everything is almost ready, the personnel are decided, and we are about to send someone to Atlantic City for your review!”

Heath Sabah said humbly.

Donnie nodded and took the list from Heath Sabah’s hand.

Banking is a stability-seeking industry, too aggressive moves are not beneficial. If there are major changes in the top leadership, it can create unease among the depositors. Thus, after taking over Breton Bank, Venus Bank did not make significant changes to the personnel of Breton Bank.

Everything will be addressed after Breton Bank has relocated to Atlantic City!

After reviewing the list, Donnie did not express any objections, instead, he asked Heath Sabah to convene a meeting with the middle and senior management of Breton Bank; Donnie would meet these people in the conference room!

This was just a simple meeting, so Donnie didn’t announce any plans during it, nor did he mention the matter of Breton Bank opening a branch in Miami.

Now, the most important source of profit for banks in entire Florida, in fact, comes from real estate.

Banks in Miami, to earn more from the real estate sector, have indeed come up with various loan policies.

One of these is ‘down payment of the down payment…’

To put it simply, if the price of a property or land is 100,000 US Dollars, and the down payment required is 20,000 US Dollars, the current policy launched by banks in Miami is…

The borrower only needs to pay 2,000-4,000 US Dollars to get a bank loan to buy this property or land, but they must gather the rest of the down payment within a month.

Moreover, the interest rate is very high.

This is also why after the hurricane hit Miami, countless banks went bankrupt!

At that time, Miami was already in a real estate bubble, everyone was madly buying and selling properties and lands, and there was no shortage of buyers at that time.

But a hurricane made everyone lose their source of funds, directly causing the collapse of Florida’s real estate industry.

Those banks couldn’t collect loans, naturally, they collapsed as well!

But Donnie did not completely withhold the development plans for Breton Bank, he ordered the middle and senior management of Breton Bank to understand the banking situation in California as soon as possible, for Donnie intended to establish the first Californian branch of Breton Bank in Los Angeles!

This was naturally because United Artists was there, and Donnie was very optimistic about the development of the film industry; if possible, Donnie wanted to see to what extent he could control Hollywood in an era where anti-monopoly wasn’t so fierce!

Jewish People could use Hollywood for their cultural output, Donnie thought he could do it too!

As for Donnie’s decision, these people naturally had no opinions!

In fact, the people of Breton Bank hadn’t been very comfortable during this period, each felt as if a sword was hanging over their heads, always possibly falling.

They understood Donnie well.

They knew their new boss was a very resolute and decisive person, although in the West there is no saying of ‘new emperor, new officials,’ they all as old employees of Breton Bank, had some relations with the Dick Family.

They also worried that Donnie might liquidate them!

In strict sense, the problems Donnie encountered at Breton Bank were even more severe than those Walker faced in the Astor Family.

But Donnie and Walker are different.

The Astor Family’s enterprises are Walker’s foundation, he couldn’t make sweeping reforms, he could only proceed cautiously step by step.

But Donnie was different, if the middle and senior levels of Breton Bank truly had the courage to challenge Donnie’s authority, or even collectively challenge him, Donnie had the courage to completely dismantle and then rebuild!

And the middle and senior levels of Breton Bank also understood that Donnie had this courage.

So, at this moment facing Donnie, even if they harbored their own little schemes, they dare not show them in a short period of time, which just gave Donnie time.

As long as the strategic development department of Venus Bank gets going, then Donnie would be able to bring in his own people!

After finishing his time at Breton Bank, Donnie then went to the headquarters of ABC, where he discussed the development plans for ABC with Joseph Schenck.

At ABC, Donnie did not hold a meeting with the middle and senior levels, because after the incident with Mashang Evans, no one at ABC would dare to challenge Donnie’s authority at this time.

Lastly, Donnie met with Jesse Livermore.

Although Cres Investment Company had been merged into the investment department of Venus Bank, Jesse Livermore had not yet officially gone to Atlantic City to take up his position.

Actually, Donnie had no plans to send Jesse Livermore to Atlantic City because it was only in New York that Jesse Livermore’s capabilities could be fully utilized.

So, Cres Investment Company was only nominally merged into Venus Bank, and did not move to Atlantic City.

“Boss, I think we should allocate more capital to invest in the stock market, according to my analysis a big bull market is coming!”

Jesse Livermore said excitedly after meeting Donnie.