Chapter 1311: The Banks and Wealth Reunite

At the call of Harris Rothschild, the behind-the-scenes controllers of the major banks in the same camp gathered at his home.

Canada's banking industry is not like Xiangjiang. Xiangjiang is a small place, and there are hundreds of banks.

In Canada, however, the situation is different. All the banks in Canada combined do not have as many branches as those in Hong Kong.

Among all the banks in Canada, the market share of the six major banks accounts for more than 90%.

From the strongest to the weakest, they are:

First, Royal Bank of Canada, with bank assets of 73.188 billion US dollars, ranking 17th in the world.

Second, Canadian Imperial Bank of Commerce, with bank assets of 62.48 billion US dollars, ranking 30th in the world.

Third, the Bank of Montreal, with bank assets of 57.73 billion US dollars, ranks 34th in the world.

Fourth, the Bank of Nova Scotia, with bank assets of 48.745 billion US dollars, ranks 52nd in the world.

Fifth, the Toronto-Dominion Bank, with bank assets of 42.45 billion US dollars, ranks 76th in the world.

Sixth, the National Bank of Canada, with bank assets of 32.72 billion US dollars, ranks 112th in the world.

All six banks are private banks, and none are state-owned.

This shows the influence of the Canadian capital consortium.

In fact, there are only four banking consortia behind the Progressive Conservative Party of Canada: Royal Bank of Canada, Canadian Imperial Bank of Commerce, Bank of Montreal and Toronto-Dominion Bank.

The other two banks, Scotiabank and National Bank of Canada, are not as closely related to the Progressive Conservative Party as the other four, but their relationship with the Liberal Party is also just so-so, and they can be considered neutral.

This time, however, the Liberal Party did not even inform them and simply announced that it would nationalise some of the large private banks, which scared the heads of Scotiabank and National Bank of Canada.

There was no doubt that the only large banks in Canada that could achieve the Liberal Party's goal were these six.

Before this crisis, these two banks had taken the initiative to join forces with the other four.

The other banks also knew that they had to unite all their forces to resist, which is why the representatives of the six banks were all here at Harris & Loxhill.

'Harris, we are now facing the greatest crisis in history. The Liberals are crazy, they must step down and be completely crushed, otherwise we will still be in trouble.'

The one speaking was Anderson Sfield, the second largest shareholder of the Royal Bank of Canada, a 65-year-old man and the head of the Sfield family.

He was the one under the most pressure. After all, the Royal Bank of Canada was the banking industry leader, and it was the easiest target for nationalisation.

'Yes, Joseph Chrétien is a madman. If he comes to power, he will be our nightmare!'

'What happened in France must never happen in Canada.'

Joyce Gracy, the second largest shareholder of the Canadian Imperial Bank of Commerce, added with a drink in his mouth, and what he said was a bit out of line, causing Harris Losier's face to turn slightly.

He was reminding Harris Losier of the nationalisation of the Losier family's bank by the French state.

In other words, apart from being the head of the Gracie family, he was the one who dared to say this, and among those present, he was also the one who had the closest friendship with Harris Losier, because the biggest behind-the-scenes shareholder of the Canadian Imperial Bank of Commerce was none other than Harris Losier.

...

Everyone else spoke up, and the living room suddenly became a little noisy.

'Everyone, don't worry, we actually still have time,'

said Aubrey de Mare, patriarch of the de Mare family, in a calm voice, and everyone quieted down.

The Desmarais family is one of the most powerful families in Canada, on a par with the Rothschild family, and is also one of the main players today.

The Desmarais family's Power Corporation of Canada is a financial conglomerate with the title of 'Canadian Morgan'. The conglomerate has hundreds of companies under its umbrella, and in addition to holding the largest stake in the Royal Bank of Canada, it also owns Great Northwest Life Insurance, one of Canada's three largest insurance companies.

In Canada, Aubrey de Mare and Harris Losier have a very special relationship. They are the biggest competitors and also the closest collaborators at critical moments.

In peacetime, the two fight fiercely against each other, but when faced with the invasion of American capital, they stand on the same side and join forces to resist foreign capital.

'Harris, you have been silent. What are your thoughts?'

Aubrey de Mare said, looking at Harris Losier.

Everyone else's gaze was focused on Harris Losier.

'My attitude is clear. The Liberal Party must be reduced to the opposition, and Joseph Chrétien is looking for death!'

Harris Losier snorted, his gaze unusually cold.

'You mean, find someone to get rid of Joseph Chrétien, this unruly lunatic?'

Aubrey de Mare said lightly, his eyebrows slightly raised.

The other people were all invigorated, all itching to act, and none of them wanted to object.

'This possibility cannot be ruled out!'

'Canada absolutely cannot allow this precedent to be set!'

Harris Losier nodded slightly.

However... '

Just as he finished speaking, he changed the subject and continued, 'For the time being, it can be listed as a backup plan. After all, once this is done, there will be uncontrollable risks, especially during this critical period.'

Aubrey de Mare and the others nodded in agreement.

Right now, they are still fighting a war against foreign capital, and they are at a disadvantage.

They got rid of Joseph Chrétien, and maybe the average person doesn't know about it, but Rockefeller, Morgan, Chicago and other consortia and families definitely know about it. If they are deliberately guided, it is easy to set fire to oneself.

Usually, it's fine, and there is time to calm down and divert it, but if a fire comes at this time, then it will be troublesome. It will be easy for foreign capital to invade Canada and be plundered wantonly.

Of course, if it really comes to an extremely dangerous point, then one can only take desperate measures. After all, if one does not resist, the bank will be nationalised. Even if the Canadian government makes compensation, what's the use of holding junk bonds?

At that time, the outcome will be even worse than being looted by foreign capital.

'So what you mean is to prevent the passage of such bills and oust the Liberal Party from power in the general election?'

Aubrey de Marello said slowly after a moment's thought.

Harris Lochiel nodded slightly: 'That's right. There are less than forty days until the election, and the time from drafting to passing a bill is very tight.'

'Although the Liberal Party is currently in control of Congress, we can remain safe for the time being as long as we let people cause trouble and delay things.'

'The Liberal Party is far behind the Progressive Conservative Party in the polls and support ratings. As long as the status quo continues, the Progressive Conservative Party will succeed in taking power, and the crisis will automatically be resolved.'

Aubrey de Marey was silent for a moment, but said with a sigh, 'But now that Joseph Chretien has announced the news, the polls are hard to predict...'