California has two major banking giants.
One is the Italian Bank founded by Amadei Gianini, which has almost monopolized all banking business in California, except for Hollywood.
The other is Venus Bank, which, when it comes to business volume alone, cannot be compared with the Italian Bank, but Venus Bank is famous for its business, having secured Hollywood financing.
This is what Maurice Rothschild mentioned; now in Hollywood, film production companies need loans almost exclusively from Venus Bank to make movies.
These two giants have been present in California for quite some time, but this year, the situation changed.
That is, the Rothschild family has also turned its focus to California's banking industry.
They first acquired the Los Angeles National Bank and then, following the development model of the Italian Bank, began to merge with other small and medium-sized banks in California.
They established their own branch network system.