In a single day, the situation changed dramatically!
No one expected the turn of events to happen so quickly, so quickly that people simply had no time to react.
When the people on Wall Street learned the details, everyone was dumbfounded.
However, some immediately began to analyze the matter—it was an unprecedented business battle for them.
Initially, Morgan, on suspicion of monopoly, prompted the New York Federal Reserve Bank to sue the Italian Bank.
This led to a sharp decline in the stock prices of two of the Italian Bank's listed banks.
Subsequently, the head of the Italian Bank, Amadei Giannini, upon returning to Los Angeles, immediately conceded and expressed his willingness to sell shares of the Italian Bank.
Under such circumstances, Wall Street had a first illusion that the Italian Bank had given in, and everyone thought that was the end of the matter.
