Chapter 958: Pacific Century Bank
Chapter 958: Pacific Century Bank
On her way back to the company, Zhang Sui spoke with Huang Xiaochuan on the phone.
"Boss! Wellington Mutual Bank is yours."
Huang Xiaochuan was not surprised by the result at all. The plan had been in place for more than two years, and now it could only be described as a natural outcome.
However, Zhang Sui deserves praise; she did an excellent job and perfectly achieved Huang Xiaochuan's expected plan.
"You've worked hard, but you'll have to work hard for a while longer. After that, I'll give you a vacation so you can enjoy life. Most importantly, you need to take care of your health."
"I'm in good health, I know what I'm doing, so please don't worry!"
After exchanging pleasantries, Huang Xiaochuan got down to business, saying, "You still have a lot of work to do. Integrating this bank requires patience, and you must also clean up its original toxic assets."
"Okay, I understand!" Zhang Sui nodded.
On Monday morning, September 29, major financial news outlets across the United States were abuzz with excitement.
Changhong Capital acquires Wellington Mutual Bank.
A White Knight Appears in a Time of Crisis: A $128 Billion Solution
According to an FDIC statement, this transaction will help protect Wellington Mutual's depositors and employees.
That afternoon, a press conference was held to announce the completion of the transaction.
"Effective today, we are changing the name of Wellington Mutual Bank to 'Pacific Century Bank'."
He then formally announced to reporters: "Effective immediately, depositors' savings at the former Wellington Mutual Bank will be fully guaranteed, and all former branches will continue to operate as usual. We have injected $150 billion in new capital and are focused on returning to the core of banking: serving the community and supporting small and medium-sized enterprises."
The press conference ended in less than an hour, during which Robert Miller answered some questions from reporters before being escorted away by security to his car.
At this time, Zhang Sui personally wrote an open letter to all employees of the new "Pacific Century Bank".
"Crisis reveals vulnerability, but it also gives rise to new life. From today onward, we will work together to create a different kind of bank—one that is not only strong but also resilient. It will not only be profitable but also responsible. The future 'Pacific Century Bank' will be more than just a financial institution; it will be the cornerstone of the stable livelihoods of all its employees."
Jiang Rong made a phone call to her brother and sister-in-law, who lived in Qingjiang, about her niece's situation.
After Jiang Yufei talked with her aunt that night, Jiang Rong had some ideas. She also looked up some information afterward to learn about the hotel industry.
Actually, being able to do well in hotel management is a very good job and a high-paying profession. It's a huge step forward that my niece, Jiang Yufei, is able to plan her career for the future. So after fully understanding the situation, Jiang Rong decided to help her niece.
Jiang Shan had never even heard of this hotel management school called Lausanne: "Study abroad? Are you kidding me? Fei Fei hasn't even figured out her schooling in China yet, and she wants to study abroad? What is she thinking?" Jiang Shan's attitude was very clear. He didn't think his academically challenged daughter was capable of that. All the money he had spent on tutoring classes for her since she was a child had gone down the drain.
Because the phone was on speakerphone, Wu Xin heard everything Jiang Rong said, so she glared at her man with displeasure.
My husband's older sister wants to send her daughter to study abroad, let's assume that's the case! And this unreliable man actually wants to object? Luckily, I know the daughter is his biological child; if I didn't...
I thought he was my stepfather!
Jiang Rong patiently advised on the phone: "Brother, have you ever seen Feifei ask to study on her own initiative since she was little? Isn't it always the whole family who coaxes her to study? Since she wants to go out and improve herself, I think we should go along with her wishes. If she really doesn't succeed, then we'll find her a husband and that'll be the end of it. We'll all give up then."
Hearing this, Wu Xin spoke up before the man could say anything, saying, "Her aunt is right. Let's let Feifei try again. If it doesn't work out, she can always get married. Our family is better off than most, but we can still ensure she has a stable life in the future."
Seeing that his wife had said so, and besides, he was his own son, Jiang Shan naturally wouldn't object anymore.
"Alright then, since you've put it that way, I won't object. I just don't know how much the tuition will cost?"
Jiang Rong said, "I've looked into it. The training lasts eight months, and the total cost is around 200,000 yuan. I'll cover that."
Upon hearing his sister's words, Jiang Shan quickly stopped her, saying, "No, no, no, how can I let you pay for this? I can still come up with 200,000."
Sitting to the side, Wu Xin was furious with her husband. How could her family compare to her sister-in-law's family? Didn't he even know who her sister-in-law's brother-in-law was? He was the richest man in Asia! And look at the kind of house her sister-in-law lived in when they went to Shanghai recently!
It's no exaggeration to say that 200,000 yuan is nothing to my sister-in-law. Last time in Shanghai, she spent over 100,000 yuan on Feifei. She has the financial means to do so.
Although my family isn't short of 200,000 yuan, it was money that we had saved up penny by penny. Even though it was meant to be spent on my daughter, it still hurt to take out so much money all at once!
Fortunately, Jiang Rong's words did not disappoint Wu Xin. "Brother, I know you have it, but it's your business if you have it, and it's my business if I give it to you. Fei Fei is going abroad now, so consider this a small token of my appreciation as her aunt. Please don't try to refuse me."
Seeing his sister's resolute attitude, Jiang Shan finally agreed, unable to persuade her otherwise.
"Alright! But it'll just mean you'll have to spend money again."
"Don't worry about the expense, we're not strangers. Alright, that's settled then! I'll find a study abroad agency to consult, and I'll call you back when I have some information."
Jiang Rong didn't waste any time and went to a study abroad agency the very next day.
After hearing Jiang Rong's general explanation, the agent was extremely troubled.
"Ms. Jiang, given your niece's situation, I suggest that she change schools and majors. Based on her qualifications, she has a wide range of options."
Jiang Rong asked, puzzled, "Why?"
The agent knew that the very well-dressed lady in front of her didn't seem to know what kind of school she was asking about, but out of professionalism, she patiently explained it to Jiang Rong.
"Ms. Jiang, let me put it this way: the Swiss Lausanne Hotel Management School that you mentioned is like the South Bowen School in the global hotel management field, just like Harvard in the United States and Cambridge and Oxford in the United Kingdom."
Jiang Rong was startled: "What? It's just a school for studying hotel management, right? Is it really that exaggerated?"
The agent, always ready to help, continued patiently explaining, "Ms. Jiang, I'm not exaggerating at all. Let me put it this way: every student who graduates from this school receives a top-tier diploma. No five-star hotel in the world would refuse a graduate of the Lausanne Hotel Management School. Do you understand what I'm saying?"
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