Chapter 1306: The Chicago Consortium, which is unwilling to be hunted

Chicago, USA, a villa complex next to the lake.

James McCormick, Keston Wood, Simmons Amo, and Walke Kron gathered together.

The four of them are representatives of the four most powerful families in the Chicago Consortium.

At the same time, the four of them also head one of the four core financial platforms of the Chicago Consortium, serving as the chairman of the board.

James McCormick heads the Continental Illinois Bank, now the seventh largest bank in the United States and the largest bank in the Chicago Consortium. It is a giant with assets of up to 42 billion U.S. dollars.

Creston Wood heads the second largest bank in the consortium, First National Bank of Chicago. Although it is ranked second, the total assets of this bank are also as high as 38 billion US dollars, which is not far behind Continental Illinois Bank.

Simmons Amo heads the third largest bank in the consortium, Harris Trust and Savings Bank.

And Volker Krone heads the fourth largest bank in the consortium, Northern Trust Corporation.

Of course, the four of them only serve as the chairman of the board of directors of the four major banks, which does not mean that their families have absolute control over the four banks.

The Chicago Consortium is just a conglomeration of their four families. Apart from them, there are still other small families gathered around them.

This is normal. After all, these four banks were not all founded by them alone, and some were acquired later. In the process of development, they have also undergone the process of mergers and acquisitions, so it is inevitable that there will be other shareholders.

However, each of these shareholders is individually powerless and cannot affect the rule of the four families.

However, as the Chicago Consortium continued to develop and expand, the scattered shares of each company were scattered, which was usually not a problem.

But when giants like Rockefeller and Morgan got bad ideas, these scattered shares became more lethal.

Because the Rockefeller and Morgan consortia had the ability and strength to acquire and consolidate these shares.

Over the years, as the Rockefeller and Morgan consortia have continued to infiltrate, many companies within the Chicago consortium have been unable to completely implement the will of the four families, and often have to compromise with each other.

And most of the time, it is the four families that compromise.

After all, for them, the Chicago consortium is their foundation, but not for the Rockefeller and Morgan consortia. The latter two have no psychological burden at all in destroying it, but they cannot.

For example, in this attack on the Canadian financial market, they knew that the Rockefeller and Morgan consortia were behind it, but they couldn't stop it.

Although they are the chairman of their respective banks, over the years, they have lost their absolute control over the board of directors and management.

They have been pushed to the edge of the cliff by the Rockefeller and Morgan consortia.

Of course, this time they knew that they were being used as pawns by the two consortia, but they also cooperated on a subjective level.

They were unwilling to be nibbled away by the two consortia at the end, so this crisis was also an opportunity for them to fight for a chance!

If they could succeed, they could quickly recover their losses, acquire the equity of some companies, regain their footing, and win a breathing space for themselves!

"The situation in Canada is now getting out of control, and war is imminent. How are we all preparing?'

James McCormick, who had the highest prestige, said, looking at the other three.

'Not bad, I've already raised an additional 2 billion US dollars from other companies,'

Keston Wood said with a faint smile.

These 2 billion US dollars in capital were not from the First National Bank of Chicago, but from other companies that he had raised or temporarily borrowed.

The money earned by the First National Bank of Chicago belongs to the bank, and he is only a major shareholder. Even if dividends are to be paid, it will have to wait for a while.

However, the profits from his $2 billion, once invested in the attack on Canada, would be exclusively for the Wood family, which was a fundamental difference.

'I have also raised $2 billion,'

'Our Clan has raised $1.8 billion,'

said Simmons Amo and Walke Kron in succession.

'James, what about your McCormick Clan?'

Keston Wood asked curiously.

Since everyone was in the same boat, James McCormick also said honestly, 'I have raised 2.5 billion dollars so far.'

Among the McCormick family's assets, the largest outside the financial sector are Deere & Company and International Harvester.

International Harvester is the company where the McCormick family started, and it gradually expanded from harvesters into the field of agricultural machinery. It is currently the second largest agricultural machinery giant in the United States.

Of course, the biggest agricultural machinery giant is Deere & Company, a company founded by John Deere. After hundreds of years of development, it successfully surpassed International Harvester in 1958 and reached the top of the world in 1963, where it remains to this day.

Of course, Deere & Company was also acquired by the McCormick family, which holds a large stake.

With these two giants of the machinery manufacturing industry, plus some internal shareholdings in companies such as United Department Store and Sears Department Store, the McCormick family is naturally the strongest of the four families.

The two machinery giants have huge capital flows, so it is only natural that James McCormick was able to raise 2.5 billion US dollars.

Of course, these funds are only temporarily in their possession, and they can make money with them. However, the ownership does not fully belong to them, after all, the company is not wholly owned by them.

As long as there is a shareholder, even if they only hold one share, then the company's capital is owned in part by that shareholder.

But being able to use it is also pretty good. If you borrow money from a bank outside the consortium, it's not that simple.

'You can raise 2.5 billion US dollars, then the four of us together have raised another 8.3 billion US dollars.'

'This capital is absolutely enough for us to reap the fruits of victory!'

Wark Krone smiled, feeling some of the pressure in his heart ease, as if the net woven by the Rockefeller and Morgan consortia had loosened.

According to the original plan.

Since the four major banks within the consortium have been pushed by the Rockefeller and Morgan consortia to be pioneers, using the most capital to do the hardest work.

Then, when the time comes to completely defeat the opponent, they will be able to seize the opportunity and strike the first blow.

With 8.3 billion US dollars of capital pouring into Canada, the Rockefellers will be able to take a big bite out of the bulls.

At the same time, they will be able to rush into Canada and reap high-quality assets.

Whether these high-quality assets are cashed out later or retained, they will be able to enhance the strength of the four families and be used to counter the Rockefeller and Morgan consortia.

'Since everything is ready, let's do it tomorrow.'

'Contact other financial companies to join forces and reduce our pressure as much as possible. We can't be the only ones to crash the market.'

'It would be great if we could achieve results in the first wave of the offensive...'