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[whirring]
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[Chen] Early in the
morning on a Friday,
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00:00:07,633 --> 00:00:11,261
you'd turn on the TV
or the news there...
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00:00:11,262 --> 00:00:14,639
[reporter] The biggest bank collapse
since the 2008 financial crisis,
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00:00:14,640 --> 00:00:16,141
and it shut down today.
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00:00:16,142 --> 00:00:19,269
[woman] This is clearly an
example of something breaking.
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00:00:19,270 --> 00:00:22,398
We can assume that there's
serious contagion here.
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00:00:22,982 --> 00:00:27,194
[Chen] Over the weekend, negative
sentiment spread all over.
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00:00:27,903 --> 00:00:31,489
[reporter] What prevents runs on a whole
bunch more banks next week? Unclear.
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00:00:31,490 --> 00:00:32,741
It's never great
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00:00:32,742 --> 00:00:37,203
when you're having full-on meetings
with regulators on a Sunday morning.
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00:00:37,204 --> 00:00:40,875
What are we doing to prepare?
Do we have enough liquidity?
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00:00:41,500 --> 00:00:43,501
[Krause] We had to make sure
our customers trusted us,
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00:00:43,502 --> 00:00:45,796
and there was a concern it
could spread to other banks.
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00:00:46,464 --> 00:00:48,864
[reporter] The entire banking
industry is feeling the impact.
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00:00:49,425 --> 00:00:53,929
[Ng] There's no way America
can do without regional banks.
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00:00:54,513 --> 00:00:56,014
We have the capital.
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00:00:56,015 --> 00:01:01,144
We have the earnings that allow
us to connect, to interact,
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00:01:01,145 --> 00:01:02,563
to build relationships.
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00:01:11,238 --> 00:01:16,075
We specialize to be that financial
bridge between East and West.
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00:01:16,076 --> 00:01:19,037
We help the unbanked immigrants.
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00:01:19,038 --> 00:01:21,165
You know, help them
to reach further.
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00:01:22,082 --> 00:01:27,671
We have a purpose and we can
make a difference to the world.
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00:01:40,726 --> 00:01:44,437
[narrator] Immigrants have always
played a vital role in American history,
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00:01:44,438 --> 00:01:47,650
but today, many are
still considered foreign.
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00:01:48,400 --> 00:01:51,945
Fifty years ago, Chinese
Americans were denied loans.
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00:01:51,946 --> 00:01:57,158
In response, eight brave individuals
from Chinatown took action,
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forever changing the
trajectory of the community.
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00:02:01,372 --> 00:02:03,832
You know, we're seeing
the hillside behind us.
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00:02:03,833 --> 00:02:06,960
[car horn honking]
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00:02:06,961 --> 00:02:09,421
The bicycle has the
right of way, dude.
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00:02:13,551 --> 00:02:18,638
It's always astounding to see the
vast distances that people travel
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00:02:18,639 --> 00:02:20,390
to live a new life,
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00:02:20,391 --> 00:02:23,142
to take advantage of
economic opportunities,
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00:02:23,143 --> 00:02:25,312
or to just find work.
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00:02:27,773 --> 00:02:33,773
Chinese started coming to the Americas
beginning in the 16th and 17th century.
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00:02:34,113 --> 00:02:36,781
There were two Chinese
who lived in L.A.
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00:02:36,782 --> 00:02:42,413
Both were house servants for white
families who had moved into the area.
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00:02:43,289 --> 00:02:48,878
Los Angeles itself was
really the Wild West.
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00:02:49,795 --> 00:02:54,173
So in 1870, it's
about 5000 people.
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00:02:54,174 --> 00:02:55,341
That's it.
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00:02:55,342 --> 00:03:00,639
And of that 5000, there
are around 200 Chinese.
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00:03:01,724 --> 00:03:07,724
In October of 1871,
there is some gunfire,
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00:03:07,897 --> 00:03:13,897
and within minutes this kind of call
went out throughout the city of:
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00:03:15,446 --> 00:03:18,197
"They're killing whites
wholesale in Chinatown."
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00:03:18,198 --> 00:03:20,284
You know, "We all
have to go down."
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00:03:21,118 --> 00:03:25,580
Population of 5000,
10% participated
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00:03:25,581 --> 00:03:30,961
in the Chinatown massacre and
in this riot, targeting Chinese.
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00:03:32,880 --> 00:03:34,964
[narrator] After the
railroad is constructed,
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00:03:34,965 --> 00:03:39,427
a huge influx of white labor
arrives from the East Coast.
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00:03:39,428 --> 00:03:45,428
And when you add the unemployed Chinese,
suddenly there are not enough jobs.
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00:03:46,185 --> 00:03:50,688
This is what ignites the period
called the "Driving Out,"
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00:03:50,689 --> 00:03:56,689
where Chinese are literally driven out
of communities throughout the West.
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00:03:58,280 --> 00:04:04,280
So all of this is sort of gradually
leading up to the Exclusion Act of 1882.
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00:04:10,000 --> 00:04:15,630
The Chinese Exclusion Act of 1882
starts to set in motion certain things.
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00:04:15,631 --> 00:04:18,591
First of all, it
really again just takes
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00:04:18,592 --> 00:04:24,592
what's sort of free-floating racism and
discrimination and actually legalizes it.
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00:04:27,601 --> 00:04:30,729
You know, makes
it a national law.
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00:04:32,773 --> 00:04:37,902
It's really a matter of digging
deep and looking and understanding
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00:04:37,903 --> 00:04:42,240
what the real role of
Chinese in our community was,
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00:04:42,241 --> 00:04:48,121
even though there was still a lack of
respect in terms of its long-term future
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00:04:48,122 --> 00:04:49,998
as a part of America.
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00:04:49,999 --> 00:04:55,999
And by the '50s, many felt positively
about being able to buy their own land.
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00:04:57,840 --> 00:05:00,550
There had been restrictive
covenants that prevented Chinese
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00:05:00,551 --> 00:05:04,847
from moving into many
places, like my own family.
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00:05:06,390 --> 00:05:11,145
I grew up a block away
from skid row in San Diego.
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00:05:12,104 --> 00:05:17,776
Because of the Chinese Exclusion Act, the
Chinese were not able to buy property.
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00:05:18,444 --> 00:05:24,444
And in order for us to be able
to be a cohesive community,
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00:05:25,034 --> 00:05:30,748
we needed to have home ownership
to get out of the ghetto areas.
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00:05:32,708 --> 00:05:36,754
In those days, money was
hard for these families.
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00:05:37,629 --> 00:05:40,674
Christmas was not
filled with gifts.
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00:05:41,717 --> 00:05:45,262
Children did not get
toys in those days.
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00:05:46,638 --> 00:05:52,638
I think that the average Chinese
American just want a roof over their head
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00:05:53,228 --> 00:05:58,192
and food to eat, and
family and friends to love.
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00:05:59,568 --> 00:06:03,155
Money is just the tool
that helps you get there.
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00:06:05,657 --> 00:06:08,701
Hi, I'm Ben Lee, retired
LAPD supervisor detective.
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00:06:08,702 --> 00:06:11,663
I was in the LAPD
from 1976 to 2009.
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00:06:12,331 --> 00:06:14,832
I spent 12 years working in
the Chinese American community
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00:06:14,833 --> 00:06:16,000
in the city of Los Angeles.
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00:06:16,001 --> 00:06:18,545
And we're right in the middle
of Chinatown right now.
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00:06:21,757 --> 00:06:26,469
You know, before we had legal banking,
back then, there was no banks.
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00:06:26,470 --> 00:06:29,807
It was very difficult to get and borrow
money and use it to help your family.
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00:06:30,516 --> 00:06:32,725
A lot of the money lenders were
not the best people in town.
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00:06:32,726 --> 00:06:34,977
They were in it for the
money and the interest.
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00:06:34,978 --> 00:06:37,378
Why do we need to go to them
when we can just go to the bank?
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00:06:38,273 --> 00:06:40,192
And that's what made it so nice.
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[narrator] Mainstream banks couldn't
serve the growing Chinatown community,
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00:06:45,781 --> 00:06:51,410
so F. Chow Chan and seven others
founded East West Federal Savings.
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00:06:51,411 --> 00:06:54,331
But first, they
needed an architect.
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00:06:57,584 --> 00:07:00,629
[Leong] My father, he
was a great collector.
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00:07:01,755 --> 00:07:05,508
When he passed away,
I had boxes and boxes
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00:07:05,509 --> 00:07:10,930
and boxes of pictures and documents
and papers all scrambled up together.
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00:07:10,931 --> 00:07:13,392
It took me five years
to go through it.
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00:07:14,685 --> 00:07:17,645
My father was
Gilbert Lester Leong
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and he was the first
Chinese American architect
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00:07:20,983 --> 00:07:22,567
in Southern California,
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00:07:22,568 --> 00:07:27,197
and he designed many buildings
for the Chinese community.
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00:07:31,743 --> 00:07:35,037
[Yang] So right now, we're
looking at papers and documents
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00:07:35,038 --> 00:07:37,999
concerning the building of
the East West Bank branch
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00:07:38,000 --> 00:07:39,542
in L.A. Chinatown.
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00:07:39,543 --> 00:07:41,669
So we're here, we're
looking at photographs.
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00:07:41,670 --> 00:07:43,045
We're looking at renderings.
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00:07:43,046 --> 00:07:47,341
We're looking at promotional flyers
that was being created at the time
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00:07:47,342 --> 00:07:50,512
to promote the opening of
East West Federal Bank.
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00:07:51,388 --> 00:07:54,599
I think that he took that
trust very seriously,
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to try to build them the best
building that he could build them.
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00:07:59,146 --> 00:08:03,483
The idea of a savings and loan
is not new to Chinese people.
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00:08:04,693 --> 00:08:09,364
[Leong] He built it for his
community to grow and prosper.
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00:08:10,616 --> 00:08:14,036
We have grown and
it has been good.
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00:08:15,579 --> 00:08:20,041
[Yang] I think it's important that we
look back at Chinese American history
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00:08:20,042 --> 00:08:23,711
because we are losing
history every single moment.
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00:08:23,712 --> 00:08:26,964
One of the best ways to keep
the memory and the history alive
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00:08:26,965 --> 00:08:31,928
is for us to keep these precious
documents here for long-term preservation,
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00:08:31,929 --> 00:08:34,805
so that anybody that has any
interest to do research work
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00:08:34,806 --> 00:08:36,308
can come to the Huntington.
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00:08:38,352 --> 00:08:41,062
[narrator] Long before F.
Chow Chan opened a bank,
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00:08:41,063 --> 00:08:44,316
he was serving cakes at
the iconic Phoenix Bakery.
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00:08:45,651 --> 00:08:48,570
Okay. Basically, this is
where everything happens.
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00:08:49,363 --> 00:08:52,073
All these people like this
gentleman here, Edgar,
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00:08:52,074 --> 00:08:55,117
is basically assembling cakes.
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00:08:55,118 --> 00:08:56,662
Okay, as you can see...
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00:08:58,121 --> 00:09:01,374
what makes our products
different from everybody else
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00:09:01,375 --> 00:09:03,335
is they're very, very soft.
124
00:09:04,169 --> 00:09:07,547
It's basically our sponge
cake, if you wanna touch it.
125
00:09:13,929 --> 00:09:18,015
Basically, you know, I had
to standardize everything.
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00:09:18,016 --> 00:09:23,105
And then, when I did that, I
changed everything into percentages.
127
00:09:24,523 --> 00:09:25,732
I started...
128
00:09:27,317 --> 00:09:31,738
you know, just mixing and things
didn't come out the way I wanted it to.
129
00:09:33,323 --> 00:09:36,617
When you turn 12, you
ended up here on weekends.
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00:09:36,618 --> 00:09:38,996
No ifs, ands or buts. [laughs]
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00:09:39,579 --> 00:09:41,455
I don't worry about the legacy.
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00:09:41,456 --> 00:09:45,459
I just worry about, you know,
like, if I can get the product out
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00:09:45,460 --> 00:09:48,212
that people are satisfied
with, that's mainly my concern.
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00:09:48,213 --> 00:09:50,589
Legacy doesn't pay the bills.
135
00:09:50,590 --> 00:09:51,675
Gabby. Gabby.
136
00:09:53,302 --> 00:09:55,554
I changed his diapers,
are you kidding?
137
00:09:56,263 --> 00:09:57,889
I'm older than he is.
138
00:09:59,308 --> 00:10:00,308
Where did he go?
139
00:10:01,435 --> 00:10:02,602
No respect.
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00:10:04,438 --> 00:10:08,357
Growing up, he was
busy a lot of the time,
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00:10:08,358 --> 00:10:12,653
and he was so diverse in
what he was interested in.
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00:10:12,654 --> 00:10:14,489
It was just not just the bakery.
143
00:10:15,365 --> 00:10:19,869
It was about what needed to
be brought to the community
144
00:10:19,870 --> 00:10:23,956
and how he could better not
only himself and his family,
145
00:10:23,957 --> 00:10:26,668
but give opportunities
to other people.
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00:10:27,252 --> 00:10:30,922
So yeah, it's quite a legacy.
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00:10:32,966 --> 00:10:38,846
[narrator] In 1973, East West opens its
headquarters in Los Angeles, Chinatown,
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00:10:38,847 --> 00:10:42,893
with the sole purpose of providing
banking for the unbanked.
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00:10:43,810 --> 00:10:47,646
In those very early days,
Chinatown was still so small.
150
00:10:47,647 --> 00:10:51,734
And again, you have this kind
of altruistic group of people.
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00:10:51,735 --> 00:10:55,821
Yes, it's a bank, but people
have this kind of vision of:
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00:10:55,822 --> 00:10:57,407
How are we gonna
help the community?
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00:10:58,700 --> 00:11:01,994
It's very much about those
personal relationships,
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00:11:01,995 --> 00:11:05,122
family relationships,
that idea of:
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00:11:05,123 --> 00:11:08,292
These are people you see
on the street every day,
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00:11:08,293 --> 00:11:13,090
and now people can finally
start to buy homes.
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00:11:14,341 --> 00:11:16,634
And that's why
this is so unique,
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00:11:16,635 --> 00:11:20,638
this phenomenon of opening
these Chinese American banks
159
00:11:20,639 --> 00:11:22,557
and what it does
for the community.
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00:11:25,602 --> 00:11:28,146
[Ceppi] Kellogg, my
older big brother...
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00:11:29,648 --> 00:11:32,191
took leadership
of his generation.
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00:11:32,192 --> 00:11:33,360
That's what he did.
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00:11:34,361 --> 00:11:39,908
[Wang] Kellogg was part-time
president until 1983.
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00:11:40,450 --> 00:11:43,202
His interest was working
with the brokers,
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00:11:43,203 --> 00:11:45,037
start branching.
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00:11:45,038 --> 00:11:49,583
So one by one, it grows so fast.
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00:11:49,584 --> 00:11:53,462
At that time, most
of the directors,
168
00:11:53,463 --> 00:11:56,842
they are all 80 years old.
169
00:11:57,551 --> 00:12:01,263
So they all wanted
to sell the bank.
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00:12:02,597 --> 00:12:05,266
[narrator] As the needs
of Chinatown evolved,
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East West was primed
for a new direction.
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00:12:16,611 --> 00:12:22,611
[Ng] My mom was a tailor and my
dad started driving a school bus.
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00:12:25,954 --> 00:12:29,623
For a person like my
mom who worked all day,
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00:12:29,624 --> 00:12:33,794
and meantime have to
cook for six kids,
175
00:12:33,795 --> 00:12:36,423
and somehow she found
a way to manage it.
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00:12:37,716 --> 00:12:39,425
Someone said, "Oh, Dominic,
you work too hard."
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00:12:39,426 --> 00:12:42,971
I said, "Wait till you see my mom."
It's a completely different level.
178
00:12:44,431 --> 00:12:48,309
If anything I learned from her is more
like obligation and responsibility.
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00:12:48,310 --> 00:12:51,437
You know, when people
hire you to do the job,
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00:12:51,438 --> 00:12:53,398
you do the best you can.
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00:12:54,107 --> 00:12:58,861
My parents felt very
strongly that America,
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00:12:58,862 --> 00:13:01,781
land of the free, land
of the opportunities.
183
00:13:02,991 --> 00:13:05,744
"Dominic, you should go to
where your brother was."
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00:13:06,870 --> 00:13:11,457
I didn't particularly want to go to Texas.
I didn't know anything about Houston.
185
00:13:11,458 --> 00:13:15,587
However, I just thought that
that was the right thing to do.
186
00:13:17,672 --> 00:13:21,217
[Ellen Ng] He came over to
Houston, Texas to go to college.
187
00:13:21,218 --> 00:13:23,469
That's when I met Dominic.
188
00:13:23,470 --> 00:13:27,556
I was a freshman
and he was a senior.
189
00:13:27,557 --> 00:13:32,353
He called me up and asked me to
hear him sing in the church choir
190
00:13:32,354 --> 00:13:35,190
at the Neiman Center on campus.
191
00:13:36,650 --> 00:13:42,072
I underestimated the challenges
of adapting to a new environment
192
00:13:42,948 --> 00:13:44,157
and a new culture.
193
00:13:45,200 --> 00:13:49,537
Very quickly, I realized that
the only way for me to bridge
194
00:13:49,538 --> 00:13:52,749
and to connect
myself was my music.
195
00:13:54,000 --> 00:13:57,420
When I start playing Jimmy
Buffett, they all can relate to it.
196
00:13:58,171 --> 00:14:01,007
John Denver, Jim Croce,
you know, Cat Stevens,
197
00:14:01,800 --> 00:14:04,177
and suddenly, everybody
starts talking to me.
198
00:14:05,095 --> 00:14:09,348
The first six, nine months living
in America for the first time
199
00:14:09,349 --> 00:14:11,101
was quite difficult.
200
00:14:11,851 --> 00:14:14,603
It was six to nine months
of watching Johnny Carson.
201
00:14:14,604 --> 00:14:17,899
I didn't find anything funny
while everybody's laughing at it.
202
00:14:18,733 --> 00:14:22,278
Between watching Mary Tyler Moore or
Archie Bunker in All in the Family
203
00:14:22,279 --> 00:14:24,655
or reading the
Houston Chronicle,
204
00:14:24,656 --> 00:14:28,742
one day, suddenly, lightning
struck and I could relate
205
00:14:28,743 --> 00:14:33,872
to people's conversation in
the cafeteria, in the dorm,
206
00:14:33,873 --> 00:14:38,795
and I felt a lot of
confidence in engaging.
207
00:14:40,046 --> 00:14:43,340
For me to actually get
hired by Deloitte & Touche,
208
00:14:43,341 --> 00:14:45,218
it was almost like a miracle.
209
00:14:46,011 --> 00:14:49,472
They hardly hired
any Asian Americans.
210
00:14:50,432 --> 00:14:51,849
On top of that,
211
00:14:51,850 --> 00:14:57,850
that was the job to secure my
residency in the United States.
212
00:14:58,690 --> 00:15:00,733
So it was a big deal.
213
00:15:00,734 --> 00:15:03,820
And that's why the job became...
214
00:15:04,529 --> 00:15:06,697
such a pressure cooker.
215
00:15:06,698 --> 00:15:09,451
Because for me, I couldn't fail.
216
00:15:17,125 --> 00:15:20,502
[narrator] There is rich
and then there's crazy rich.
217
00:15:20,503 --> 00:15:21,670
Being the latter,
218
00:15:21,671 --> 00:15:26,092
The Nursalims changed the life of a
30-year-old Deloitte & Touche auditor.
219
00:15:26,801 --> 00:15:31,555
They basically wanted
to buy a small bank
220
00:15:31,556 --> 00:15:34,266
in L.A. called
United Pacific Bank.
221
00:15:34,267 --> 00:15:37,186
Through my introduction,
the husband and wife,
222
00:15:37,187 --> 00:15:39,731
Mr. and Mrs. Nursalim,
offered me a job.
223
00:15:40,857 --> 00:15:43,692
I was actually only
like 31, 32 years old.
224
00:15:43,693 --> 00:15:46,695
And I'd never really
worked in a bank before,
225
00:15:46,696 --> 00:15:50,532
even though I knew a lot about
banking through accounting firms.
226
00:15:50,533 --> 00:15:54,119
Why did you at that time
think that I could do the job
227
00:15:54,120 --> 00:15:56,580
when I personally didn't
think that I could?
228
00:15:56,581 --> 00:16:00,459
[laughs] Yeah, I think,
Dominic, you know, at that time
229
00:16:00,460 --> 00:16:04,213
when we were doing the
acquisition of the banks,
230
00:16:04,214 --> 00:16:08,926
we asked Deloitte to
be our consultants.
231
00:16:08,927 --> 00:16:14,927
We felt that you were a highly
passionate and professional person.
232
00:16:16,559 --> 00:16:20,938
So we think that you are really
the right person, you know.
233
00:16:20,939 --> 00:16:22,898
So we have belief in you.
234
00:16:22,899 --> 00:16:26,110
So you are dedicated,
you are trustworthy.
235
00:16:26,111 --> 00:16:28,112
Everything is in you.
236
00:16:28,113 --> 00:16:31,950
It just happened that
you were the person
237
00:16:32,534 --> 00:16:38,164
appointed by the auditor to help
us for the acquisition of UPB.
238
00:16:39,374 --> 00:16:42,876
And an opportunity
came at that time,
239
00:16:42,877 --> 00:16:45,379
and I think we made the
right choice anyway.
240
00:16:45,380 --> 00:16:46,380
[all laugh]
241
00:16:46,381 --> 00:16:52,381
It's proven, I think, what's happening
today. It's proven it's the right choice.
242
00:16:53,263 --> 00:16:55,432
Right timing and right person.
243
00:16:57,559 --> 00:17:01,186
[narrator] Under Dominic's
leadership, the next era for East West
244
00:17:01,187 --> 00:17:03,814
begins new goals and challenges.
245
00:17:03,815 --> 00:17:06,109
[Ng] I never worked
inside a bank.
246
00:17:06,985 --> 00:17:09,863
I thought I would work maybe
anywhere from two to four years.
247
00:17:11,156 --> 00:17:14,659
That never happened. You
know, the rest is history.
248
00:17:15,785 --> 00:17:19,121
I love what the founders
have done for East West
249
00:17:19,122 --> 00:17:22,208
because they had
such a great mission:
250
00:17:22,917 --> 00:17:26,587
helping Asian immigrants
251
00:17:26,588 --> 00:17:30,508
who had no access of banking
or financial service.
252
00:17:31,384 --> 00:17:36,013
But I thought I could add some more
to it as something that I was good at.
253
00:17:36,014 --> 00:17:41,144
At Deloitte & Touche, 90% of my
clients were mainstream clients.
254
00:17:42,645 --> 00:17:46,315
My name is Elise Buik, and
I'm the president and CEO
255
00:17:46,316 --> 00:17:48,485
of United Way of
Greater Los Angeles.
256
00:17:49,486 --> 00:17:53,489
Dominic Ng has played a huge
role in our transformation
257
00:17:53,490 --> 00:17:56,618
as we celebrate our
centennial of a hundred years.
258
00:17:58,286 --> 00:18:01,998
[Ng] It was a very interesting dialogue
that I had with one of the board members.
259
00:18:02,707 --> 00:18:07,796
He shared with me, said, "We have no
representation from Asian Americans."
260
00:18:08,546 --> 00:18:11,423
[narrator] Dominic
joined the board in 1996,
261
00:18:11,424 --> 00:18:16,094
beginning a lifetime of service to
the United Way of Greater Los Angeles.
262
00:18:16,095 --> 00:18:20,224
Dominic questioned everything.
You know, a fresh young leader.
263
00:18:20,225 --> 00:18:23,644
The status quo, it
needs to be examined.
264
00:18:23,645 --> 00:18:25,729
It needs to be held up.
265
00:18:25,730 --> 00:18:28,357
What are the trends? What
does the community need?
266
00:18:28,358 --> 00:18:29,984
How can we have
a greater impact?
267
00:18:31,236 --> 00:18:34,613
Dominic as a leader said,
"You know, we can do better.
268
00:18:34,614 --> 00:18:37,741
We have to focus on
the building blocks
269
00:18:37,742 --> 00:18:40,578
of how we help to get
people out of poverty."
270
00:18:41,788 --> 00:18:44,498
[Ng] I thought I was
doing the right thing,
271
00:18:44,499 --> 00:18:49,212
and if I wanted to demonstrate that
an Asian American can actually...
272
00:18:50,338 --> 00:18:52,339
have a seat at the table,
273
00:18:52,340 --> 00:18:56,593
in something important and
can be a good advocate,
274
00:18:56,594 --> 00:18:57,971
why not now?
275
00:19:01,558 --> 00:19:04,309
[narrator] Just a few miles
from the East West headquarters
276
00:19:04,310 --> 00:19:07,104
lies another Chinese
American success story
277
00:19:07,105 --> 00:19:09,440
that has found a
seat at the table.
278
00:19:11,484 --> 00:19:15,487
[Ng] We just got your signature
dish. Mandarin Orange Chicken.
279
00:19:15,488 --> 00:19:17,447
So tell me about this.
280
00:19:17,448 --> 00:19:21,785
Is this an American dish, or
is this really a Chinese dish?
281
00:19:21,786 --> 00:19:23,579
- This is a Chinese dish.
- Chinese?
282
00:19:23,580 --> 00:19:27,374
It is. Well, you know,
it's an American favorite.
283
00:19:27,375 --> 00:19:29,459
Everybody like orange chicken.
284
00:19:29,460 --> 00:19:31,712
[Ng] You know, I always
think that East West Bank,
285
00:19:31,713 --> 00:19:33,672
you know, we're the bridge
between East and West.
286
00:19:33,673 --> 00:19:35,632
But I look at your
orange chicken,
287
00:19:35,633 --> 00:19:38,343
that's really the bridge
between East and West too,
288
00:19:38,344 --> 00:19:42,348
because it's really one of the
most favorite dish in America.
289
00:19:44,976 --> 00:19:49,104
East West Bank and Panda
both started in 1973.
290
00:19:49,105 --> 00:19:50,440
Can you reflect on it?
291
00:19:51,149 --> 00:19:54,360
Well, it's been a
wonderful ride for me.
292
00:19:55,320 --> 00:20:01,320
Everything we did, going from
Panda Inn and to Panda Express.
293
00:20:01,451 --> 00:20:03,619
Opening stores...
294
00:20:03,620 --> 00:20:05,954
I was just really focused on,
295
00:20:05,955 --> 00:20:07,665
first of all, surviving.
296
00:20:09,000 --> 00:20:12,961
You'd never really think
about how many stores.
297
00:20:12,962 --> 00:20:15,340
This is like an American dream.
298
00:20:16,716 --> 00:20:17,967
You know, my dad's...
299
00:20:18,676 --> 00:20:20,594
- My dad was the chef, right, you know?
- Mm-hmm.
300
00:20:20,595 --> 00:20:25,974
And he was trained in Shanghai,
so that's all he knows.
301
00:20:25,975 --> 00:20:29,686
- And it's really a lot of hard work.
- I know.
302
00:20:29,687 --> 00:20:35,026
And I really appreciated my
experience working with him.
303
00:20:36,486 --> 00:20:41,782
It wasn't easy and
many sleepless nights.
304
00:20:41,783 --> 00:20:45,286
But one customer at a time.
One customer at a time.
305
00:20:49,374 --> 00:20:53,127
[Ng] When I took you guys to
that United Way gala dinner,
306
00:20:53,753 --> 00:20:55,921
and I remember, Peggy, you
were sitting behind me.
307
00:20:55,922 --> 00:20:58,383
I was driving, and you tapped
on my shoulder and said:
308
00:20:59,509 --> 00:21:02,345
"That million dollars you
asked for, we're gonna do it."
309
00:21:03,221 --> 00:21:06,932
Tell me about exactly
how you guys decided
310
00:21:06,933 --> 00:21:08,977
that this is the
right thing to do.
311
00:21:09,644 --> 00:21:12,814
We want to support the
community in any way we can...
312
00:21:13,690 --> 00:21:15,732
especially, Dominic, you asked.
313
00:21:15,733 --> 00:21:17,067
[laughing]
314
00:21:17,068 --> 00:21:20,028
[Ng] I was so pleased
that you would step up,
315
00:21:20,029 --> 00:21:22,948
and then really helped
my campaign in a big way,
316
00:21:22,949 --> 00:21:25,909
because with your contribution,
317
00:21:25,910 --> 00:21:28,245
the L.A. Times immediately
wrote an article
318
00:21:28,246 --> 00:21:31,623
about Asian Americans
supporting everybody.
319
00:21:31,624 --> 00:21:35,585
In many ways, you are always
ahead. A step or two ahead.
320
00:21:35,586 --> 00:21:38,755
One of our values
is about giving.
321
00:21:38,756 --> 00:21:42,551
And whenever you're given
an opportunity to step up,
322
00:21:42,552 --> 00:21:46,304
I think that to a certain extent,
particularly Asian Americans,
323
00:21:46,305 --> 00:21:51,269
and have not been as engaged and
active in the past, it's important.
324
00:21:58,735 --> 00:21:59,985
[reporter] U.S.
banks at one point
325
00:21:59,986 --> 00:22:04,573
have lost over $100 billion in
stock market value in just two days,
326
00:22:04,574 --> 00:22:08,243
and there are fears now that
this could spread beyond banking
327
00:22:08,244 --> 00:22:09,829
to other parts of the economy.
328
00:22:10,705 --> 00:22:14,624
[Ng] How do we alleviate
fear among our customers?
329
00:22:14,625 --> 00:22:18,712
Because the customers can only
react to the newspaper articles.
330
00:22:18,713 --> 00:22:21,006
They can only react
to the stock market.
331
00:22:21,007 --> 00:22:23,175
If our stock's coming down,
332
00:22:23,176 --> 00:22:25,845
they say, "There must be
something wrong." Right?
333
00:22:36,898 --> 00:22:39,900
Give it back! Give
me back my money!
334
00:22:39,901 --> 00:22:45,030
[Krause] Mary Poppins brought the little
kid she was taking care of to the bank.
335
00:22:45,031 --> 00:22:48,242
He was so proud he was
gonna put in his 2 cents.
336
00:22:48,951 --> 00:22:51,578
He changed his mind
at the last minute,
337
00:22:51,579 --> 00:22:54,123
and the teller was trying
to talk him out of it.
338
00:22:54,832 --> 00:22:58,085
There's something wrong. The bank
won't give someone their money.
339
00:22:58,086 --> 00:22:59,711
[Krause] And that started a run.
340
00:22:59,712 --> 00:23:01,296
And give me mine too.
341
00:23:01,297 --> 00:23:04,591
[Krause] That's really what
happened at Silicon Valley Bank.
342
00:23:04,592 --> 00:23:08,762
They had this risk that they were so
concentrated with a few customers,
343
00:23:08,763 --> 00:23:10,889
they had that
perception of risk.
344
00:23:10,890 --> 00:23:13,226
So when people got
nervous, it was all over.
345
00:23:14,143 --> 00:23:17,312
[Oh] It was an open secret
that everybody knew about,
346
00:23:17,313 --> 00:23:19,731
but just no one
cared until that day.
347
00:23:19,732 --> 00:23:22,777
Right? And then all of a
sudden, everybody cared.
348
00:23:23,611 --> 00:23:28,448
We need to have the meeting because
this is a very unprecedented situation.
349
00:23:28,449 --> 00:23:32,285
There's no policy or procedure
that we can be able to follow.
350
00:23:32,286 --> 00:23:35,998
It is very hard to react when
there's no sign or no indication.
351
00:23:36,624 --> 00:23:38,501
So this is the challenge.
352
00:23:41,754 --> 00:23:43,171
[Ng] Over 20 years ago,
353
00:23:43,172 --> 00:23:46,925
East West Bank was established
to serve the Chinese community.
354
00:23:46,926 --> 00:23:52,926
Back then, we put our confidence and trust
in people who could not obtain credit
355
00:23:53,224 --> 00:23:54,767
from the mainstream banks.
356
00:23:55,351 --> 00:24:00,147
In turn, these customers
put their confidence in us
357
00:24:00,148 --> 00:24:03,943
to expand our services as
their financial needs changed.
358
00:24:06,988 --> 00:24:10,073
[narrator] Keeping up meant
expanding beyond the Asian community
359
00:24:10,074 --> 00:24:13,411
and building new relationships
with mainstream clients.
360
00:24:14,370 --> 00:24:16,121
[McMorrow] You know, I
learned in that business
361
00:24:16,122 --> 00:24:18,039
that everything is
about the relationships
362
00:24:18,040 --> 00:24:19,875
and the trust you
build with people,
363
00:24:19,876 --> 00:24:22,752
and it didn't really
matter as much
364
00:24:22,753 --> 00:24:26,381
what your balance sheet or your
income statement looked like.
365
00:24:26,382 --> 00:24:30,427
It really mattered whether
you could trust that person
366
00:24:30,428 --> 00:24:32,555
with the bank's money.
367
00:24:33,097 --> 00:24:36,933
We need a bank where the
top management of the bank
368
00:24:36,934 --> 00:24:40,021
is really involved in the
decision-making process,
369
00:24:40,605 --> 00:24:44,149
because our deals are complicated
and they move very quickly,
370
00:24:44,150 --> 00:24:45,984
and we have a comfort level
371
00:24:45,985 --> 00:24:48,988
that East West Bank
is that kind of bank.
372
00:24:49,822 --> 00:24:53,074
Dominic, right away, we
just struck up a friendship
373
00:24:53,075 --> 00:24:55,243
and a trust in each other that,
374
00:24:55,244 --> 00:25:00,416
you know, went beyond what we were
doing at our companies at the time.
375
00:25:01,542 --> 00:25:02,959
[Ng] Kennedy Wilson,
376
00:25:02,960 --> 00:25:07,839
it is very, very important
to actually bring in a client
377
00:25:07,840 --> 00:25:13,840
that's definitely recognized as one of
the significant businesses from the West.
378
00:25:16,682 --> 00:25:22,682
And I think it really helped
solidify our, you know, mission
379
00:25:22,813 --> 00:25:26,400
of being that bridge
between East and West.
380
00:25:35,284 --> 00:25:39,872
This is Pokey. And he's
a cute, loving dog.
381
00:25:40,456 --> 00:25:44,209
This is Barney, and
he lives the longest.
382
00:25:44,210 --> 00:25:47,420
He is very timid compared
to the other dogs,
383
00:25:47,421 --> 00:25:50,091
so everyone has a
different personality.
384
00:25:51,634 --> 00:25:55,845
So I moved to L.A. and have
been living here since 1981.
385
00:25:55,846 --> 00:25:59,891
And my first job is Texaco
as a staff accountant.
386
00:25:59,892 --> 00:26:04,437
And then I went to work for
KPMG, the accounting firm.
387
00:26:04,438 --> 00:26:07,775
When I joined the bank, you
know, it's a very small bank.
388
00:26:08,818 --> 00:26:11,861
You know, the bank had
very high growth potential.
389
00:26:11,862 --> 00:26:16,116
And that's the reason why I liked
the bank and the business model.
390
00:26:16,117 --> 00:26:19,996
Good afternoon, everyone. It's
great to see you all here.
391
00:26:20,830 --> 00:26:22,414
When Dominic joined,
392
00:26:22,415 --> 00:26:25,417
because his vision is to
convert to a commercial bank
393
00:26:25,418 --> 00:26:29,254
and to really take the
bank to the next level...
394
00:26:29,255 --> 00:26:32,799
His vision is to be the financial
bridge between East and West,
395
00:26:32,800 --> 00:26:36,428
and to really capture, at the
time, the tremendous growth
396
00:26:36,429 --> 00:26:40,015
of the Asian American
population in California,
397
00:26:40,016 --> 00:26:42,935
as well as the growth in China.
398
00:26:45,062 --> 00:26:48,482
[narrator] Despite Asia's growing
economy, trouble was looming.
399
00:26:49,191 --> 00:26:54,279
[Ng] In 1997, suddenly, the
Asian market just crashed.
400
00:26:54,280 --> 00:26:56,948
Taiwan, Singapore, Malaysia,
401
00:26:56,949 --> 00:26:59,535
Philippines,
Thailand, Indonesia...
402
00:27:00,244 --> 00:27:02,163
all took a big beating.
403
00:27:03,622 --> 00:27:04,998
[narrator] Like everyone else,
404
00:27:04,999 --> 00:27:08,960
the Nursalims faced challenges
during the Asian financial crisis.
405
00:27:08,961 --> 00:27:11,629
[Gouw] Sometimes, you know,
when a crisis happens,
406
00:27:11,630 --> 00:27:15,717
we tend to think of a way, you
know, how to overcome the crisis.
407
00:27:15,718 --> 00:27:19,597
And if there's an opportunity,
you know, it's even better.
408
00:27:20,139 --> 00:27:23,600
So our shareholders
at the time says that,
409
00:27:23,601 --> 00:27:27,520
"Okay, we need to sell East
West Bank for $238 million,
410
00:27:27,521 --> 00:27:29,357
and you've got one
month to do it."
411
00:27:31,275 --> 00:27:33,444
[Ng] We looked into
different options.
412
00:27:34,612 --> 00:27:37,406
Finally, I came up
with a solution.
413
00:27:38,324 --> 00:27:40,992
If I were selling East West Bank
414
00:27:40,993 --> 00:27:44,579
to institutional investors
down on Wall Street,
415
00:27:44,580 --> 00:27:49,335
and if none of them
invest more than 9.9%,
416
00:27:50,127 --> 00:27:52,922
then, in fact, there was
no change of ownership.
417
00:27:53,506 --> 00:27:57,634
And then we can just have the
same name, same organization,
418
00:27:57,635 --> 00:27:59,844
same employees
doing the same work,
419
00:27:59,845 --> 00:28:01,931
and move forward
to a new chapter.
420
00:28:02,848 --> 00:28:06,519
It took us two weeks
to raise $238 million
421
00:28:07,311 --> 00:28:09,229
while we have the
ownership change,
422
00:28:09,230 --> 00:28:13,275
but we're running the bank
exactly like we were doing before,
423
00:28:13,859 --> 00:28:17,696
and it's just now, it's
owned by many investors.
424
00:28:19,073 --> 00:28:21,700
The next year, we
took it public.
425
00:28:23,119 --> 00:28:26,287
Listed on Nasdaq, and
then the rest is history.
426
00:28:26,288 --> 00:28:30,000
[opening bell ringing]
427
00:28:33,421 --> 00:28:35,505
[narrator] One of East
West's early initiatives
428
00:28:35,506 --> 00:28:37,966
was to showcase Chinese
contemporary art
429
00:28:37,967 --> 00:28:40,803
using creativity
to bridge culture.
430
00:28:42,680 --> 00:28:44,180
[Ng] The Nursalim families
431
00:28:44,181 --> 00:28:50,181
have always been big promoters
of contemporary Asian arts,
432
00:28:51,272 --> 00:28:56,277
and they felt that,
being so successful,
433
00:28:57,194 --> 00:28:59,280
they have an obligation
to give back.
434
00:29:01,240 --> 00:29:03,576
[in Mandarin]
435
00:30:35,376 --> 00:30:38,294
[Ng in English] A painting looks like
Chinese calligraphy, but in fact,
436
00:30:38,295 --> 00:30:40,714
it was as Western
as you can get.
437
00:30:41,507 --> 00:30:42,882
Put it all together,
438
00:30:42,883 --> 00:30:46,554
it's something that...
I call it a masterpiece.
439
00:30:52,977 --> 00:30:56,563
[narrator] Xu Bing was just one of
many Chinese contemporary artists
440
00:30:56,564 --> 00:30:58,983
capturing the
attention of the West.
441
00:31:01,610 --> 00:31:07,574
China has possibly the oldest
continuous tradition of art
442
00:31:07,575 --> 00:31:09,242
in the entire world.
443
00:31:09,243 --> 00:31:13,913
But, as we know,
things were isolated,
444
00:31:13,914 --> 00:31:16,708
- artists were shut off.
- [indistinct chatter]
445
00:31:16,709 --> 00:31:18,793
[Deitch] Starting in the '80s,
446
00:31:18,794 --> 00:31:22,964
a small group of very ambitious
Chinese contemporary artists
447
00:31:22,965 --> 00:31:28,679
began exploring the
international art discourse.
448
00:31:29,763 --> 00:31:34,643
And these artists really shaped the
contemporary Chinese art dialogue,
449
00:31:35,185 --> 00:31:38,146
and the first in a long time
450
00:31:38,147 --> 00:31:42,568
to be Chinese artists but
also international artists.
451
00:31:43,569 --> 00:31:49,569
I'm a big believer in art as
an international language.
452
00:31:51,076 --> 00:31:53,077
I would consider Dominic
453
00:31:53,078 --> 00:31:58,542
the most important patron of Chinese
contemporary art in America by far.
454
00:32:00,919 --> 00:32:03,963
[narrator] With East West
diversifying its cultural portfolio,
455
00:32:03,964 --> 00:32:07,509
the bank found a partner
in its own backyard.
456
00:32:08,135 --> 00:32:10,137
[Kwan] Mommy. Uh-huh.
457
00:32:10,971 --> 00:32:14,515
Is everything okay with
Kalista? Yeah. [laughs]
458
00:32:14,516 --> 00:32:15,600
[in Cantonese]
459
00:32:15,601 --> 00:32:17,518
[in English] Yeah.
She's very hungry.
460
00:32:17,519 --> 00:32:19,812
Then she's... She
needs a little nap.
461
00:32:19,813 --> 00:32:22,523
I'm at the rink right now.
I've got a quick interview.
462
00:32:22,524 --> 00:32:26,069
I should be back in about
an hour. Okay? Thank you.
463
00:32:26,070 --> 00:32:26,820
[in Cantonese]
464
00:32:26,821 --> 00:32:28,030
[in English] Okay. Bye-bye.
465
00:32:34,953 --> 00:32:36,996
[announcer]
Representing the USA,
466
00:32:36,997 --> 00:32:39,541
- Michelle Kwan.
- [audience cheering, clapping]
467
00:32:41,418 --> 00:32:42,586
[car lock chirps]
468
00:32:43,545 --> 00:32:46,632
- Hey! Good. You too.
- Michelle, how are you? Good to see you.
469
00:32:47,675 --> 00:32:50,344
[Kwan] Hi! Wait. Ice
is ready. Let's go.
470
00:32:51,095 --> 00:32:53,179
- [audience cheering]
- [commentator] It's not just a legacy,
471
00:32:53,180 --> 00:32:57,434
but an example that she has provided
so many of the young skaters.
472
00:32:59,353 --> 00:33:02,021
- Dominic. How are you?
- Hey. Good to see you.
473
00:33:02,022 --> 00:33:05,108
- Good to see you too.
- Hey, look at all these.
474
00:33:05,109 --> 00:33:09,488
- [laughs]
- It brings back great memories for me.
475
00:33:10,280 --> 00:33:14,450
You know, my family, my
parents, my brother, sisters,
476
00:33:14,451 --> 00:33:17,286
my nephew and nieces, my kids,
477
00:33:17,287 --> 00:33:21,040
we all watched every one
of your competitions.
478
00:33:21,041 --> 00:33:23,793
"Here comes the new
superstar of America."
479
00:33:23,794 --> 00:33:25,002
[audience cheering]
480
00:33:25,003 --> 00:33:27,547
[commentator] Well, in
basketball, there is MJ.
481
00:33:27,548 --> 00:33:29,966
In figure skating, there's MK.
482
00:33:29,967 --> 00:33:31,218
Michelle Kwan.
483
00:33:34,304 --> 00:33:36,347
- [Kwan] My father, you can see...
- [Ng] Of course.
484
00:33:36,348 --> 00:33:38,224
His credential right there.
485
00:33:38,225 --> 00:33:41,436
It says "coach and choreographer."
He was not a choreographer.
486
00:33:41,437 --> 00:33:45,816
But at certain parts of my career,
my parents couldn't afford a coach.
487
00:33:46,400 --> 00:33:48,359
- It's really an immigrant story.
- Yep.
488
00:33:48,360 --> 00:33:51,612
My parents immigrated in
their early 20s with nothing,
489
00:33:51,613 --> 00:33:56,659
worked his way up from a busboy,
to owning a Chinese restaurant,
490
00:33:56,660 --> 00:34:01,497
to giving us opportunities
to skate and dream.
491
00:34:01,498 --> 00:34:04,208
[commercial narrator] Michelle Kwan
appreciates that, as good as she is,
492
00:34:04,209 --> 00:34:05,752
she can always be better.
493
00:34:05,753 --> 00:34:06,753
At East West Bank,
494
00:34:06,754 --> 00:34:08,254
we share that same philosophy,
495
00:34:08,255 --> 00:34:10,631
pursuing excellence
in everything we do.
496
00:34:10,632 --> 00:34:13,468
East West Bank, one of the
nation's best performing banks,
497
00:34:13,469 --> 00:34:15,387
and Michelle Kwan's bank.
498
00:34:18,766 --> 00:34:22,602
Wouldn't it be nice to have Michelle
Kwan to be our spokesperson?
499
00:34:22,603 --> 00:34:24,729
Because we looked
at it and said,
500
00:34:24,730 --> 00:34:28,900
"You're the most decorated ice
skater in the history of the world.
501
00:34:28,901 --> 00:34:31,027
And on top of that,
502
00:34:31,028 --> 00:34:35,239
Asian American, immigrant
story of your parents,
503
00:34:35,240 --> 00:34:39,620
and who knows better
about East and West
504
00:34:40,120 --> 00:34:42,163
than you, who
personify, you know,
505
00:34:42,164 --> 00:34:45,459
this East and West in
pursuit of your excellence?"
506
00:34:46,001 --> 00:34:48,669
[Kwan] Winning or losing,
it wasn't about that.
507
00:34:48,670 --> 00:34:53,383
It was about the journey of getting on
the ice every day and doing what I love.
508
00:34:54,301 --> 00:34:56,511
All I had to do was
look at a little skater
509
00:34:56,512 --> 00:34:59,388
with the excitement to
get back on the ice,
510
00:34:59,389 --> 00:35:00,640
and it reminded me,
511
00:35:00,641 --> 00:35:04,268
"Okay, that's how I started and
that's how I'm gonna continue."
512
00:35:04,269 --> 00:35:07,814
[commentator] Seven-time
U.S. champion, Michelle Kwan.
513
00:35:07,815 --> 00:35:09,899
[audience cheering]
514
00:35:09,900 --> 00:35:13,152
[narrator] Shortly after this
interview, Michelle Kwan was confirmed
515
00:35:13,153 --> 00:35:16,198
as the United States
Ambassador to Belize.
516
00:35:17,366 --> 00:35:19,242
[rock music playing]
517
00:35:19,243 --> 00:35:21,494
Sometimes, bridges
are built over ice.
518
00:35:21,495 --> 00:35:25,624
Other times, bridges are
composed with a rock star.
519
00:35:26,375 --> 00:35:29,585
I have to thank you, because
you are the sole person
520
00:35:29,586 --> 00:35:33,506
that is completely responsible
for me having a solo career.
521
00:35:33,507 --> 00:35:35,341
Oh, my gosh. Thank you.
522
00:35:35,342 --> 00:35:41,342
As you will recall, you called me up one
day right after Katrina had happened,
523
00:35:41,557 --> 00:35:45,184
and you said, "We have to do
something to help these people."
524
00:35:45,185 --> 00:35:46,811
I said, "What do you wanna do?"
525
00:35:46,812 --> 00:35:50,606
He said, "Well, I know
the mayor of Cerritos,
526
00:35:50,607 --> 00:35:52,191
and I'm certain I could get
527
00:35:52,192 --> 00:35:55,111
the Cerritos Center for
the Performing Arts.
528
00:35:55,112 --> 00:35:56,445
If you can get the talent,
529
00:35:56,446 --> 00:35:58,281
- we can do a benefit show."
- Mm-hmm.
530
00:35:58,282 --> 00:36:01,492
[Felder] All the money that
comes in from this event tonight,
531
00:36:01,493 --> 00:36:06,080
every dollar from every ticket sale
will go to the American Red Cross
532
00:36:06,081 --> 00:36:08,667
and will go directly to
the victims of Katrina.
533
00:36:09,251 --> 00:36:11,294
[playing rock music]
534
00:36:11,295 --> 00:36:14,505
I had to put together
my first solo band
535
00:36:14,506 --> 00:36:17,008
- and rehearse to play that show.
- [Ng] Uh-huh.
536
00:36:17,009 --> 00:36:19,093
And I was a little nervous,
to tell you the truth.
537
00:36:19,094 --> 00:36:21,262
I mean, I've walked out
and played on stages
538
00:36:21,263 --> 00:36:24,015
for 120,000 people
with the Eagles,
539
00:36:24,016 --> 00:36:28,227
but this was just me, you know, and
it was just a wonderful experience.
540
00:36:28,228 --> 00:36:31,814
And after that, we've become
great friends for all these years.
541
00:36:31,815 --> 00:36:34,233
- When was that? 2005, I think?
- [Ng] Yep, yep.
542
00:36:34,234 --> 00:36:35,985
[Felder] So that was
almost 20 years ago
543
00:36:35,986 --> 00:36:37,738
- that that was happening.
- [Ng] Yes.
544
00:36:38,530 --> 00:36:44,530
I represented the United
States to an ABAC meeting
545
00:36:44,536 --> 00:36:46,871
that Biden appointed me to do.
546
00:36:46,872 --> 00:36:51,292
And so I was in Vietnam. We
had four days of meetings.
547
00:36:51,293 --> 00:36:54,504
It started 8:00 in the morning
till about 5:00 to 6:00.
548
00:36:56,131 --> 00:37:01,345
After that, they always put out
this incredible gala dinner.
549
00:37:02,137 --> 00:37:03,554
First night,
550
00:37:03,555 --> 00:37:08,018
traditional Vietnamese
and Chinese music.
551
00:37:08,602 --> 00:37:12,981
And then they transitioned and start
playing these pop tunes from Taiwan.
552
00:37:13,690 --> 00:37:15,025
- [Felder] Wow.
- Suddenly,
553
00:37:15,692 --> 00:37:17,026
"Hotel California"...
554
00:37:17,027 --> 00:37:19,487
- [laughing] Is that right?
- In Chinese classical music.
555
00:37:19,488 --> 00:37:22,031
- That's what they did.
- I would've loved to have heard that.
556
00:37:22,032 --> 00:37:24,408
- How exciting!
- I was just like, "Are you kidding me?"
557
00:37:24,409 --> 00:37:26,119
I mean, here in Vietnam.
558
00:37:26,703 --> 00:37:28,913
I'm gonna need to make
sure to find a way
559
00:37:28,914 --> 00:37:32,541
to get you involved with ABAC and
then to play "Hotel California",
560
00:37:32,542 --> 00:37:38,506
because I know all of those 20
countries' representatives, they all...
561
00:37:38,507 --> 00:37:41,092
Whenever "Hotel California"
is being played, they love it.
562
00:37:41,093 --> 00:37:42,844
[laughing] I would
love to do that.
563
00:37:47,641 --> 00:37:49,809
[reporter] There was a big change
today in the banking industry.
564
00:37:49,810 --> 00:37:52,561
First Citizens Bank purchased
much of Silicon Valley Bank,
565
00:37:52,562 --> 00:37:56,358
which collapsed earlier this month
and rattled banks around the world.
566
00:37:59,403 --> 00:38:00,987
[Elam] Minority
banks are important
567
00:38:00,988 --> 00:38:03,906
because of the role that
they play in communities.
568
00:38:03,907 --> 00:38:07,076
These are banks that
were born out of racism.
569
00:38:07,077 --> 00:38:10,497
Now, a question that I commonly get
asked is, "Do they still matter today?"
570
00:38:13,166 --> 00:38:15,209
[reporter] Something was
gonna break in the economy.
571
00:38:15,210 --> 00:38:17,212
Right? And this is what broke.
572
00:38:17,754 --> 00:38:20,548
[Ng] At a good time, you
think, "This is great,"
573
00:38:20,549 --> 00:38:22,967
In a bad time,
"This is terrible."
574
00:38:22,968 --> 00:38:27,139
One decides to make a run
and take their deposit out,
575
00:38:27,973 --> 00:38:29,099
everybody else follows.
576
00:38:29,933 --> 00:38:34,186
[Elam] People started asking
the question, "Is my money safe?
577
00:38:34,187 --> 00:38:38,567
And is my money safe at a small bank,
a regional bank, a community bank?"
578
00:38:39,359 --> 00:38:40,943
[Oh] The thought was,
"Okay, larger banks
579
00:38:40,944 --> 00:38:43,779
are the only ones that
are gonna be saved."
580
00:38:43,780 --> 00:38:47,283
That kind of knee-jerk reaction
or fear-driven reaction,
581
00:38:47,284 --> 00:38:52,163
you know, certainly a hit to
the overall faith in the system.
582
00:38:52,164 --> 00:38:56,668
I think the negative outcome from that
was something that was very concerning.
583
00:39:04,593 --> 00:39:09,055
[James] The National Bankers Association
is also celebrating its 95th year,
584
00:39:09,056 --> 00:39:15,056
and we were so thrilled to have
East West Bank join our association.
585
00:39:15,771 --> 00:39:19,732
The NBA is dedicated to
eliminating the racial wealth gap,
586
00:39:19,733 --> 00:39:23,737
so it was so meaningful and
symbolic for East West Bank to join.
587
00:39:24,738 --> 00:39:29,658
[Kiyota] East West Bank started nearly
50 years ago right here in Los Angeles.
588
00:39:29,659 --> 00:39:32,870
And the reason why our founders
put the charter together
589
00:39:32,871 --> 00:39:35,748
was because Asian Americans
could not get bank accounts
590
00:39:35,749 --> 00:39:39,168
from mainstream banks, because
of racism and discrimination.
591
00:39:39,169 --> 00:39:43,589
But the irony is that the founders,
the Asian American founders,
592
00:39:43,590 --> 00:39:47,593
needed friends in the Italian
community, their neighbors,
593
00:39:47,594 --> 00:39:51,431
to get the federal government's
authorization for a charter.
594
00:39:52,307 --> 00:39:53,849
Banking is so powerful.
595
00:39:53,850 --> 00:39:56,061
When you really understand
how America works,
596
00:39:57,020 --> 00:40:00,439
a banking relationship is critical
to every important decision
597
00:40:00,440 --> 00:40:02,525
- that you make in your life.
- [inaudible dialogue]
598
00:40:02,526 --> 00:40:05,778
[James] Whether you buy a home,
buy a car, start a business,
599
00:40:05,779 --> 00:40:08,030
banking is so key
to all of that.
600
00:40:08,031 --> 00:40:11,784
And to make sure that people of
color and disadvantaged people
601
00:40:11,785 --> 00:40:13,828
have access to
credit and capital
602
00:40:13,829 --> 00:40:16,956
is really to give them
access to the American Dream.
603
00:40:16,957 --> 00:40:21,418
But I couldn't do it without a partner
like you, without a friend like you,
604
00:40:21,419 --> 00:40:23,380
and without a friend
like East West Bank.
605
00:40:26,091 --> 00:40:29,510
[narrator] The last major bank
crisis occurred over 15 years ago,
606
00:40:29,511 --> 00:40:32,930
imposed similar problems
for regional banks.
607
00:40:32,931 --> 00:40:37,476
During 2008, and also
the early part of 2009,
608
00:40:37,477 --> 00:40:40,647
I had a lot of sleepless nights.
609
00:40:41,481 --> 00:40:43,482
[reporter 1] We're
down over 16%.
610
00:40:43,483 --> 00:40:46,945
[reporter 2] The Dow, at the
same time, has fallen about 18%.
611
00:40:47,445 --> 00:40:53,445
The financial crisis in 2008, I never
saw it coming with that kind of velocity.
612
00:40:53,785 --> 00:40:59,206
[reporter 3] It was the worst day on
Wall Street since the crash of 1987.
613
00:40:59,207 --> 00:41:04,712
I knew something bad was gonna happen,
but I had no idea it would get so bad.
614
00:41:04,713 --> 00:41:08,383
[reporter 4] This could be the
most serious recession in decades.
615
00:41:08,884 --> 00:41:10,677
[Krause] It was the
most scariest time.
616
00:41:11,178 --> 00:41:14,347
You know, every bank, if they're honest
with themselves, they were scared.
617
00:41:15,265 --> 00:41:19,143
If you're a bank, you're like a
store. Your inventory is cash.
618
00:41:19,144 --> 00:41:22,021
But banks can run out of cash.
619
00:41:22,022 --> 00:41:24,023
[reporter 5] They started
lining up before dawn here
620
00:41:24,024 --> 00:41:26,275
to get into IndyMac Bank
as soon as the doors open,
621
00:41:26,276 --> 00:41:28,777
so they could get
their money out.
622
00:41:28,778 --> 00:41:34,074
[Oh] I think, before that point in time,
I think there was a lot of discussion
623
00:41:34,075 --> 00:41:38,704
that the credit crisis was
really only subprime mortgages.
624
00:41:38,705 --> 00:41:42,083
It wouldn't impact other
banks, banks such as ourselves.
625
00:41:42,751 --> 00:41:46,170
We spent a lot of time really
focusing on the liquidity
626
00:41:46,171 --> 00:41:47,631
and making people comfortable.
627
00:41:48,506 --> 00:41:51,760
We had plenty of equity.
We had plenty of capital.
628
00:41:52,385 --> 00:41:55,137
When there first were kind of signs
that things weren't going so good
629
00:41:55,138 --> 00:41:57,223
and before bank
stocks collapsed,
630
00:41:57,224 --> 00:41:59,851
Dominic said, "We're gonna
raise a bunch of money,
631
00:42:00,435 --> 00:42:03,355
so whatever happens, it's okay."
632
00:42:04,356 --> 00:42:10,278
I felt pretty confident that I could
get through this challenging time.
633
00:42:11,238 --> 00:42:13,447
Trust is a big factor.
634
00:42:13,448 --> 00:42:17,660
Had our customers not trusted
in East West management,
635
00:42:17,661 --> 00:42:19,912
not trusted in our branch staff,
636
00:42:19,913 --> 00:42:21,706
they would all pull
their money out.
637
00:42:23,124 --> 00:42:27,294
[Krause] We were fortunate to actually
come out of the Great Recession
638
00:42:27,295 --> 00:42:28,755
stronger than we went into it.
639
00:42:29,881 --> 00:42:32,801
Our largest rival
at the time failed.
640
00:42:33,551 --> 00:42:35,262
They did run out of cash.
641
00:42:35,762 --> 00:42:37,555
The FDIC shut them down.
642
00:42:38,056 --> 00:42:42,685
The FDIC would always sell the banks,
too, usually to a very large bank.
643
00:42:42,686 --> 00:42:45,438
In this case, they
let us buy it.
644
00:42:54,781 --> 00:42:57,367
We knew that this
would be something
645
00:42:57,492 --> 00:43:01,870
that is such a major
transformative event
646
00:43:01,871 --> 00:43:04,081
by, you know, like, combining
647
00:43:04,082 --> 00:43:08,210
two out of the three largest
Chinese American banks, you know,
648
00:43:08,211 --> 00:43:12,299
that combination will
dominate the market by far.
649
00:43:13,550 --> 00:43:16,719
[Ng] East West did
not have branches
650
00:43:16,720 --> 00:43:21,098
in New York, Georgia,
Massachusetts.
651
00:43:21,099 --> 00:43:23,601
And we are now picking
up those branches.
652
00:43:24,269 --> 00:43:25,644
In addition to that,
653
00:43:25,645 --> 00:43:29,649
United Commercial Bank had
a subsidiary bank in China,
654
00:43:30,150 --> 00:43:32,736
and we end up taking over.
655
00:43:33,403 --> 00:43:38,324
[Oh] The U.S. is a country
with many, many banks.
656
00:43:38,325 --> 00:43:39,950
There's thousands
of banks out there.
657
00:43:39,951 --> 00:43:44,331
You know, the scale and the size
does matter as far as the reach.
658
00:43:45,081 --> 00:43:51,081
So we actually benefit enormously
from the global financial crisis.
659
00:43:53,298 --> 00:43:54,757
[narrator] Seizing
on the moment,
660
00:43:54,758 --> 00:43:57,718
East West would almost
double their assets,
661
00:43:57,719 --> 00:44:00,637
allowing the bank to
explore new opportunities.
662
00:44:00,638 --> 00:44:03,515
Those new industries
included clean energy,
663
00:44:03,516 --> 00:44:06,019
professional sports,
and entertainment.
664
00:44:07,062 --> 00:44:10,939
[Ng] Studios from China
were coming to Hollywood
665
00:44:10,940 --> 00:44:15,487
looking into co-production,
collaboration.
666
00:44:16,488 --> 00:44:19,031
[Pozil] One of my specialized
areas is entertainment.
667
00:44:19,032 --> 00:44:21,158
It's an area that he
wanted to be into,
668
00:44:21,159 --> 00:44:24,912
and even though he didn't have,
669
00:44:24,913 --> 00:44:29,334
you know, a team already doing
this, per se, he already knew it.
670
00:44:30,168 --> 00:44:35,214
Two years later, we really
started to make strong headway
671
00:44:35,215 --> 00:44:39,844
lending to TV and film
companies in China,
672
00:44:40,637 --> 00:44:43,765
financing their TV shows,
financing their movies.
673
00:44:44,724 --> 00:44:47,644
And things just really, really
took off for us at that point.
674
00:44:48,645 --> 00:44:54,645
[Ng] I told Bennett, we need to
really focus into using our knowledge,
675
00:44:54,651 --> 00:44:59,239
expertise, and connection
with the Chinese studios.
676
00:44:59,864 --> 00:45:01,323
I think it worked out very well.
677
00:45:01,324 --> 00:45:07,324
Our unique value proposition was valued
by most of the studios in Hollywood.
678
00:45:08,164 --> 00:45:11,084
On the TV side, you
know, like Tyler Perry,
679
00:45:12,043 --> 00:45:13,752
Orange Is the New Black.
680
00:45:13,753 --> 00:45:16,755
I remember when we first
got into the film business,
681
00:45:16,756 --> 00:45:21,343
there were Oscar-nominated films
such as Silver Linings Playbook,
682
00:45:21,344 --> 00:45:23,262
Django Unchained,
683
00:45:23,263 --> 00:45:24,596
Crazy Rich Asians,
684
00:45:24,597 --> 00:45:29,602
and also A24's movie Everything
Everywhere All at Once.
685
00:45:30,186 --> 00:45:33,106
That business had been
growing very nicely for us.
686
00:45:36,443 --> 00:45:38,819
[narrator] Another initiative
on East West's expansion
687
00:45:38,820 --> 00:45:43,741
was clean energy and a partnership
with a forward-thinking factory.
688
00:45:44,617 --> 00:45:47,578
[Girardot] BYD is actually
a multifaceted company.
689
00:45:47,579 --> 00:45:51,291
We call ourselves the global
leader in electrification.
690
00:45:53,251 --> 00:45:55,711
BYD stands for
"Build Your Dreams,"
691
00:45:55,712 --> 00:45:59,798
and we believe that that's
really what our company is about,
692
00:45:59,799 --> 00:46:01,134
is building dreams.
693
00:46:02,051 --> 00:46:05,804
So we're the largest manufacturer
of electric vehicles in the world.
694
00:46:05,805 --> 00:46:07,514
- [Alvarez] Hey, sir.
- [Lin] How are you, sir?
695
00:46:07,515 --> 00:46:10,100
- Good, good. Everything good?
- [man] Everything's good.
696
00:46:10,101 --> 00:46:11,768
- [Alvarez] Good job.
- [Lin] Thank you. Appreciate it.
697
00:46:11,769 --> 00:46:12,769
Happy Friday.
698
00:46:33,416 --> 00:46:36,752
[Girardot] People talk about, like,
cultural bridges and financial bridges
699
00:46:36,753 --> 00:46:38,379
between the East and the West.
700
00:46:39,380 --> 00:46:43,133
Where the rubber meets the road is,
you know, in a factory like this,
701
00:46:43,134 --> 00:46:48,305
where you see African American and
the Latino and the Chinese workers
702
00:46:48,306 --> 00:46:50,432
all together on
the same project,
703
00:46:50,433 --> 00:46:54,938
and with a single
orientation to get it done.
704
00:46:55,980 --> 00:46:59,191
That's the real bridge, is the
bridge between our cultures,
705
00:46:59,192 --> 00:47:02,277
and this company
embodies that spirit
706
00:47:02,278 --> 00:47:04,863
more than any place else
you'll find on Earth.
707
00:47:04,864 --> 00:47:06,323
- [Lin] Yousef.
- [Alvarez] How are you?
708
00:47:06,324 --> 00:47:07,450
[Lin] Happy Friday.
709
00:47:09,702 --> 00:47:12,246
[Alvarez] When I started here, I
didn't have any kind of experience
710
00:47:12,247 --> 00:47:14,289
with manufacturing or anything.
711
00:47:14,290 --> 00:47:17,834
Based on kind of being
a second-chance company,
712
00:47:17,835 --> 00:47:20,879
and I think that they
just went out on a limb
713
00:47:20,880 --> 00:47:22,715
and gave me an opportunity here.
714
00:47:23,633 --> 00:47:28,011
So I started doing, just as a technician,
doing the bond on the floors, you know,
715
00:47:28,012 --> 00:47:30,597
and just regular
installation on the bus.
716
00:47:30,598 --> 00:47:33,475
- After about six months, I became a lead.
- [indistinct chatter]
717
00:47:33,476 --> 00:47:35,978
[Alvarez] And then very
shortly after that,
718
00:47:35,979 --> 00:47:38,355
they had told me that they
wanted me to be a supervisor.
719
00:47:38,356 --> 00:47:41,191
Very shortly after that, they
offered me the manager position.
720
00:47:41,192 --> 00:47:44,654
So it's been very good here.
They've been very good to me.
721
00:47:51,077 --> 00:47:52,828
[Girardot] It's interesting
to me that in the 1840s,
722
00:47:52,829 --> 00:47:54,788
when they were building this
railroad across the country,
723
00:47:54,789 --> 00:47:57,124
that the bulk of the
workers were Chinese.
724
00:47:57,125 --> 00:48:00,961
And now here we are, you know,
150, almost 200 years later,
725
00:48:00,962 --> 00:48:02,754
and we have this Chinese company
726
00:48:02,755 --> 00:48:07,594
that's building the future of, you
know, transit in the United States.
727
00:48:08,928 --> 00:48:10,221
[Lin]
728
00:48:20,815 --> 00:48:23,233
There's so many different people, so
many different backgrounds here, right?
729
00:48:23,234 --> 00:48:27,155
We have Chinese, Mexican,
Black, white, everything.
730
00:48:28,197 --> 00:48:31,993
We have a slogan here, right? "One
team BYD," and we all are one.
731
00:48:32,952 --> 00:48:36,664
[Lin]
732
00:48:43,046 --> 00:48:45,756
[narrator] Furthering its
presence in mainstream America,
733
00:48:45,757 --> 00:48:50,052
East West signed one of the most
famous brands in Los Angeles.
734
00:48:50,053 --> 00:48:53,514
[announcer] Tonight's tip-off is
brought to you by East West Bank.
735
00:48:54,390 --> 00:48:57,143
[Ng] I think sport
transcends race.
736
00:48:57,810 --> 00:48:59,061
Everybody gets along.
737
00:48:59,062 --> 00:49:01,188
Everybody gets excited.
738
00:49:01,189 --> 00:49:05,067
And they don't care whether
they're Black or white,
739
00:49:05,068 --> 00:49:06,860
as long as you win,
740
00:49:06,861 --> 00:49:07,987
everybody cheers.
741
00:49:09,030 --> 00:49:14,242
[Buss] What I love about sports is
that it brings everybody together.
742
00:49:14,243 --> 00:49:20,243
We've just seen this massive growth
since the advent of social media.
743
00:49:21,209 --> 00:49:26,296
And of the over 300 million
Laker fans on social media,
744
00:49:26,297 --> 00:49:31,302
70% are from the
Asia-Pacific region.
745
00:49:32,512 --> 00:49:35,555
Kobe Bryant was, you
know, a visionary.
746
00:49:35,556 --> 00:49:37,265
He could see things.
747
00:49:37,266 --> 00:49:40,560
[crowd chanting]
Kobe! Kobe! Kobe!
748
00:49:40,561 --> 00:49:44,147
[Buss] And he knew that
by visiting overseas
749
00:49:44,148 --> 00:49:48,527
and going particularly to
the Asia-Pacific region
750
00:49:48,528 --> 00:49:52,030
and connecting with
the fans there,
751
00:49:52,031 --> 00:49:57,327
that really laid a groundwork for
people to become Kobe Bryant fans,
752
00:49:57,328 --> 00:50:01,540
which then translated to
them becoming Laker fans.
753
00:50:01,541 --> 00:50:05,752
He created a worldwide fanbase
754
00:50:05,753 --> 00:50:09,131
that continues on
with the Lakers.
755
00:50:09,132 --> 00:50:11,383
I wanna congratulate
everybody here
756
00:50:11,384 --> 00:50:13,301
- on a very good turnout.
- [woman] I want your baby!
757
00:50:13,302 --> 00:50:15,846
- [laughter]
- Um, we couldn't have asked for more.
758
00:50:15,847 --> 00:50:17,931
You know, we just
continue to grow
759
00:50:17,932 --> 00:50:22,103
and raise awareness for
eradicating homelessness.
760
00:50:23,020 --> 00:50:26,898
[Buss] When we started working
together with East West Bank,
761
00:50:26,899 --> 00:50:29,234
our goals were so similar
762
00:50:29,235 --> 00:50:31,737
and our styles were very similar
763
00:50:31,738 --> 00:50:35,365
in terms of what our priorities
are with our business,
764
00:50:35,366 --> 00:50:41,366
and through things like sports or
the arts, you break down barriers.
765
00:50:44,500 --> 00:50:47,794
[narrator] While East West was
breaking down cultural barriers,
766
00:50:47,795 --> 00:50:52,632
the Asian American community
would suffer a setback in 2016.
767
00:50:52,633 --> 00:50:54,469
- [audience clapping, laughing]
- Yeah.
768
00:50:55,219 --> 00:50:56,720
It's okay. It's okay.
769
00:50:56,721 --> 00:50:58,889
Thanks, guys. Thanks a lot.
770
00:50:58,890 --> 00:51:03,143
If anybody's upset about that joke,
just tweet about it on your phone
771
00:51:03,144 --> 00:51:06,313
that was also made
by these kids, okay?
772
00:51:06,314 --> 00:51:08,232
[audience laughing]
773
00:51:10,193 --> 00:51:14,988
[Janet Yang] I was
part of this protest
774
00:51:14,989 --> 00:51:19,117
against the jokes made
about Asians by Chris Rock
775
00:51:19,118 --> 00:51:22,163
when he was the
host of the Oscars.
776
00:51:22,747 --> 00:51:24,372
That year was 2016.
777
00:51:24,373 --> 00:51:28,335
It was the year when the meme
"Oscars so white" came into being.
778
00:51:28,336 --> 00:51:33,590
So it struck us as being
even more devastating
779
00:51:33,591 --> 00:51:36,426
when those Asian jokes appeared.
780
00:51:36,427 --> 00:51:39,679
How come there's
no Oscar for them
781
00:51:39,680 --> 00:51:44,184
very hard-working,
little yellow people
782
00:51:44,185 --> 00:51:46,813
- with tiny dongs?
- [audience laughing]
783
00:51:47,647 --> 00:51:53,361
And it just was like a stab
to our stomachs, you know?
784
00:51:54,028 --> 00:51:55,487
And I started calling
everybody I knew
785
00:51:55,488 --> 00:51:58,573
who was potentially an
Academy member that was Asian,
786
00:51:58,574 --> 00:52:00,951
and we started collecting names,
and names, and more names.
787
00:52:00,952 --> 00:52:05,915
And we found, indeed, there were
over a hundred Asian Academy members.
788
00:52:07,124 --> 00:52:09,752
And that alone was
surprising to me.
789
00:52:10,336 --> 00:52:12,921
So that was literally
the spontaneous beginning
790
00:52:12,922 --> 00:52:18,636
of a feeling of we should be
a community unto ourselves.
791
00:52:24,058 --> 00:52:27,143
I think understanding racism,
792
00:52:27,144 --> 00:52:32,816
understanding stereotypes,
understanding unconscious bias,
793
00:52:32,817 --> 00:52:38,071
that's a long process, and
the Academy took it on,
794
00:52:38,072 --> 00:52:44,035
but it doesn't mean we, overnight,
you know, learned our lessons.
795
00:52:44,036 --> 00:52:45,871
Right after that,
796
00:52:45,872 --> 00:52:51,376
Janet Yang organized a group of our
Asian and Asian American members
797
00:52:51,377 --> 00:52:53,880
and came to meet with
the Academy leadership.
798
00:52:54,630 --> 00:52:57,425
We were in the Academy board
room. I remember it well.
799
00:52:58,426 --> 00:53:00,260
People bared their souls.
800
00:53:00,261 --> 00:53:04,347
They said, "We've lived with these
kinds of caricatures and stereotypes
801
00:53:04,348 --> 00:53:06,017
our whole lives.
802
00:53:06,517 --> 00:53:09,936
We want to be in dialogue with
the leadership of the Academy,
803
00:53:09,937 --> 00:53:12,022
and we want you to understand
804
00:53:12,023 --> 00:53:15,483
what you represent to our
world and to our community,
805
00:53:15,484 --> 00:53:17,277
and we wanna help
you do it better."
806
00:53:17,278 --> 00:53:21,532
And so that began a
fantastic collaboration.
807
00:53:22,992 --> 00:53:24,910
Now East West Bank sponsors
808
00:53:24,911 --> 00:53:28,121
what I think is the most popular
gallery in the entire museum,
809
00:53:28,122 --> 00:53:30,290
which is the Oscars Experience.
810
00:53:30,291 --> 00:53:33,293
And then he became a trustee
of the Academy Museum
811
00:53:33,294 --> 00:53:34,753
and a very active member.
812
00:53:34,754 --> 00:53:39,174
And, to me, finding
these win-win situations
813
00:53:39,175 --> 00:53:41,093
is just the best in the world.
814
00:53:42,929 --> 00:53:44,596
[narrator] Shortly
after this interview,
815
00:53:44,597 --> 00:53:47,557
Janet Yang was elected
president of the Academy,
816
00:53:47,558 --> 00:53:50,603
making this a first
for Asian Americans.
817
00:53:52,104 --> 00:53:54,898
As Asian Americans
gained visibility,
818
00:53:54,899 --> 00:53:58,736
now was the time to gain
prominence in the mainstream.
819
00:53:59,320 --> 00:54:03,490
[Bing Chen] We started with media
because we can't be what we can't see.
820
00:54:03,491 --> 00:54:06,159
In 2018, it had been 25 years
821
00:54:06,160 --> 00:54:09,454
since there was an all-Asian
lead cast of a major studio film.
822
00:54:09,455 --> 00:54:12,916
But luckily, one of our founding
members, director Jon M. Chu,
823
00:54:12,917 --> 00:54:15,627
had this crazy film
called Crazy Rich Asians.
824
00:54:15,628 --> 00:54:17,837
We ended up buying out theaters,
825
00:54:17,838 --> 00:54:21,633
mass mobilizing tens of thousands
of Asian and non-Asian moviegoers
826
00:54:21,634 --> 00:54:22,717
to the point where it became
827
00:54:22,718 --> 00:54:26,304
the highest-rated rom-com
in more than a decade.
828
00:54:26,305 --> 00:54:28,682
Since then, Gold
House's marketing arm
829
00:54:28,683 --> 00:54:31,935
has supported more than a
hundred Asian-Pacific films
830
00:54:31,936 --> 00:54:33,186
to mass cultural prominence.
831
00:54:33,187 --> 00:54:35,522
I am paying attention.
832
00:54:35,523 --> 00:54:37,941
[Bing Chen] When you
actually look at history,
833
00:54:37,942 --> 00:54:39,484
we don't just
deserve to be seen.
834
00:54:39,485 --> 00:54:43,239
We have been essential in leading
so much of the creative industry.
835
00:54:45,366 --> 00:54:48,034
All this work can't just be
about how we're struggling
836
00:54:48,035 --> 00:54:50,787
and where society
has done us poorly.
837
00:54:50,788 --> 00:54:55,084
It has to be about where we're strong
and how we build that strength together.
838
00:54:57,962 --> 00:55:01,340
[audience cheering, clapping]
839
00:55:01,924 --> 00:55:05,719
[Yeoh] I've been fortunate to be
in this industry for over 40 years,
840
00:55:05,720 --> 00:55:11,475
and blessed to have seen this, first
hand, how movies bring cultures together.
841
00:55:12,351 --> 00:55:13,977
Not only do they provide us
842
00:55:13,978 --> 00:55:17,355
with valuable insight
into each other's lives,
843
00:55:17,356 --> 00:55:22,861
but representation in entertainment shapes
the global cultural landscape of today.
844
00:55:22,862 --> 00:55:24,905
And the Oscar goes to...
845
00:55:26,490 --> 00:55:30,411
Michelle Yeoh. Everything
Everywhere All at Once.
846
00:55:32,538 --> 00:55:35,457
[Yeoh] This is a time for
empowerment. Things are changing.
847
00:55:35,458 --> 00:55:39,627
We must continue to be relentless
for our fight for our place
848
00:55:39,628 --> 00:55:44,008
through excellence in our work
and the support of our community.
849
00:55:51,682 --> 00:55:54,309
[reporter] Why do you keep
calling this "the Chinese virus"?
850
00:55:54,310 --> 00:55:57,979
There are reports of
dozens of incidents of bias
851
00:55:57,980 --> 00:56:01,524
against Chinese Americans in this
country. Why do you keep using this?
852
00:56:01,525 --> 00:56:03,568
- A lot of people say it's racist.
- Because it comes from China.
853
00:56:03,569 --> 00:56:05,528
It's not racist at
all. No, not at all.
854
00:56:05,529 --> 00:56:07,655
It comes from China.
855
00:56:07,656 --> 00:56:10,451
Go back to whatever [bleep]
Asian country you belong in!
856
00:56:11,786 --> 00:56:15,205
I would say that
from 2017 to today,
857
00:56:15,206 --> 00:56:21,002
we are without a doubt a
bridge over troubled water.
858
00:56:21,003 --> 00:56:24,089
We are talking about navigating
in rough seas, you know,
859
00:56:24,090 --> 00:56:28,052
with the tariff, and
later on, pandemic,
860
00:56:28,803 --> 00:56:31,346
and with the Trump
administration
861
00:56:31,347 --> 00:56:33,640
constantly talking
about "the China virus."
862
00:56:33,641 --> 00:56:39,020
and then there was anti-Asian hate that
was going on throughout the country.
863
00:56:39,021 --> 00:56:42,982
[reporter 1] As reports of coronavirus
have spread across the U.S.,
864
00:56:42,983 --> 00:56:46,069
so have incidents of
anti-Asian violence.
865
00:56:46,070 --> 00:56:47,821
[reporter 2] The FBI
recently issued a warning
866
00:56:47,822 --> 00:56:50,240
about a potential
spike in hate crimes.
867
00:56:50,241 --> 00:56:54,119
You know, I'd love to think that
AAPI hate was just something new
868
00:56:54,120 --> 00:56:58,331
or that came out of racism
from leaders during a pandemic,
869
00:56:58,332 --> 00:57:00,375
but I can't say
that two blocks away
870
00:57:00,376 --> 00:57:05,798
from where the largest lynching
in American history took place.
871
00:57:06,465 --> 00:57:09,635
I think if we don't learn history,
we're doomed to repeat it.
872
00:57:10,511 --> 00:57:11,345
[trolley bell rings]
873
00:57:11,346 --> 00:57:13,305
[trolley rattling]
874
00:57:16,809 --> 00:57:18,893
[Julian Ng] When I first
landed at Central Station,
875
00:57:18,894 --> 00:57:21,229
it was really the
middle of the pandemic.
876
00:57:21,230 --> 00:57:25,108
- It was 2021, early 2021.
- [indistinct chatter]
877
00:57:25,109 --> 00:57:28,320
[Julian Ng] We had a lot
of issues with AAPI hate.
878
00:57:29,071 --> 00:57:31,739
As a police department, we
started looking at our seniors
879
00:57:31,740 --> 00:57:34,826
and how our seniors were
victimized in crime.
880
00:57:34,827 --> 00:57:38,454
One of the things that we saw were
crimes just not in the streets,
881
00:57:38,455 --> 00:57:40,708
but crime... financial
crimes, as well.
882
00:57:42,001 --> 00:57:45,503
Why are Asians
such easy targets?
883
00:57:45,504 --> 00:57:48,339
You know, is it the stigma of
Asians always having money?
884
00:57:48,340 --> 00:57:50,384
They always carry money on them?
885
00:57:51,385 --> 00:57:54,095
Why? Because you don't
trust banks, maybe.
886
00:57:54,096 --> 00:57:56,472
Maybe it's a cultural thing.
887
00:57:56,473 --> 00:57:59,977
How can we build that trust
between banks and our seniors?
888
00:58:14,950 --> 00:58:19,287
[Chung] Self-Help is a 56-year-old
community-based organization
889
00:58:19,288 --> 00:58:21,582
started right here in San
Francisco's Chinatown.
890
00:58:22,583 --> 00:58:27,462
Seniors are sometimes not used
to the Western banking system.
891
00:58:27,463 --> 00:58:29,923
You know, many of
them keep their cash
892
00:58:29,924 --> 00:58:33,635
in their little rooms where
they live, or in their homes.
893
00:58:33,636 --> 00:58:35,511
Very unsafe, right?
894
00:58:35,512 --> 00:58:36,804
But when Social Security
895
00:58:36,805 --> 00:58:40,683
and the Supplemental
Security Income system change
896
00:58:40,684 --> 00:58:43,019
and force them to
have direct deposit,
897
00:58:43,020 --> 00:58:45,856
then every one of them
will have a bank account.
898
00:58:46,523 --> 00:58:49,567
[Julian Ng] SROs and other
landlords that are around,
899
00:58:49,568 --> 00:58:52,946
they only accept cashier's
checks as payments.
900
00:58:52,947 --> 00:58:54,989
So, what they have to do
is take that money out
901
00:58:54,990 --> 00:58:57,659
and get a cashier's check
so they can pay their rent.
902
00:58:57,660 --> 00:58:59,786
So, what we found out
that was happening was
903
00:58:59,787 --> 00:59:01,537
they wouldn't get the
cashier's check from the bank
904
00:59:01,538 --> 00:59:03,498
because it costs $10,
905
00:59:03,499 --> 00:59:05,208
whereas they can just
take their money out
906
00:59:05,209 --> 00:59:08,294
and then walk over and get into
another line at the post office
907
00:59:08,295 --> 00:59:11,131
and wait there to get a
cashier's check for $5.
908
00:59:11,924 --> 00:59:14,050
I think it's a big
cultural thing.
909
00:59:14,051 --> 00:59:15,635
If I look at my parents,
910
00:59:15,636 --> 00:59:19,014
I know my mom would walk ten
blocks to save one penny.
911
00:59:20,182 --> 00:59:25,103
So now people know that they're gonna
get, like, $1000 or more in their pocket
912
00:59:25,104 --> 00:59:26,521
when they get the cash out,
913
00:59:26,522 --> 00:59:30,441
and then they have to walk several
blocks, right, to the post office,
914
00:59:30,442 --> 00:59:32,652
and people watch them.
915
00:59:32,653 --> 00:59:35,613
And then the anti-Asian
hate started too.
916
00:59:35,614 --> 00:59:40,577
Unprovoked attacks were happening
to our most vulnerable seniors.
917
00:59:42,162 --> 00:59:45,165
[in Chinese]
918
01:00:08,397 --> 01:00:11,274
[Chung] Our captain of our
central police station asked me,
919
01:00:11,275 --> 01:00:13,443
"What could the community do?"
920
01:00:13,444 --> 01:00:18,656
So I took Julian and introduced him
to Travis at the East West Bank,
921
01:00:18,657 --> 01:00:21,367
and really requested Travis
922
01:00:21,368 --> 01:00:25,413
to see if the bank could
lower the money order fees
923
01:00:25,414 --> 01:00:28,041
in order to save one
step for the elderly.
924
01:00:28,042 --> 01:00:31,919
So if they come into the East
West Bank and get their money,
925
01:00:31,920 --> 01:00:35,423
they buy one money order
and pay the landlord
926
01:00:35,424 --> 01:00:39,720
without bringing out all the
cash and walk several blocks.
927
01:00:41,680 --> 01:00:47,186
[in Chinese]
928
01:01:01,325 --> 01:01:06,205
You know, East West Bank really
was our savior during the pandemic.
929
01:01:08,082 --> 01:01:12,043
[Julian Ng] East West really took
to the idea and really ran with it.
930
01:01:12,044 --> 01:01:14,128
You know, about two months
after that conversation,
931
01:01:14,129 --> 01:01:16,464
they came back to me
and said, "Guess what.
932
01:01:16,465 --> 01:01:19,842
We lowered our fees. Our fees
are $1.75 now for all seniors."
933
01:01:19,843 --> 01:01:23,137
But not just locally.
Across the nation.
934
01:01:23,138 --> 01:01:25,014
And now they're looking
at all the other banks,
935
01:01:25,015 --> 01:01:26,682
and I'm looking at all the
other banks and saying,
936
01:01:26,683 --> 01:01:29,353
"Okay, it's time to
follow their lead."
937
01:01:32,272 --> 01:01:33,940
[narrator] Just an hour
north of San Francisco,
938
01:01:33,941 --> 01:01:36,484
another leader in the
Asian American community
939
01:01:36,485 --> 01:01:39,404
continues to fight
for inclusion.
940
01:01:39,405 --> 01:01:41,739
[Low] I'm a fourth-generation
Californian,
941
01:01:41,740 --> 01:01:46,035
speaking more Spanish than I do Chinese,
and yet I feel like a perpetual foreigner.
942
01:01:46,036 --> 01:01:49,038
And as I learned more
about civic engagement,
943
01:01:49,039 --> 01:01:50,665
about the history
944
01:01:50,666 --> 01:01:54,085
of Asian Pacific Islanders in
California and the United States,
945
01:01:54,086 --> 01:01:58,714
I quickly began to realize the
obligation that I had to the community.
946
01:01:58,715 --> 01:02:01,217
And then one thing leads to
another, and then all of a sudden,
947
01:02:01,218 --> 01:02:04,388
people are asking you to run for office,
and you never think of such a thing.
948
01:02:05,055 --> 01:02:06,055
Here I am.
949
01:02:18,152 --> 01:02:21,821
I understand the experiences
that many of us face,
950
01:02:21,822 --> 01:02:26,033
not feeling like we are truly American,
and trying to find that sense of identity,
951
01:02:26,034 --> 01:02:30,079
which then gets us back to
some of the cultural norms.
952
01:02:30,080 --> 01:02:33,833
Keeping quiet, don't
stand out too much.
953
01:02:33,834 --> 01:02:37,837
But again, in this era, in
this time that we're living in,
954
01:02:37,838 --> 01:02:40,590
we need to help get outside
of our comfort zones
955
01:02:40,591 --> 01:02:44,094
and realize that we are
interconnected in our shared success.
956
01:02:45,053 --> 01:02:49,265
East West has a long
history of being involved
957
01:02:49,266 --> 01:02:52,602
in uplifting the Asian
Pacific Islander community,
958
01:02:52,603 --> 01:02:54,980
but being part of the
community at large.
959
01:02:55,814 --> 01:03:00,818
Understanding the impact to small,
minority-owned businesses is critical,
960
01:03:00,819 --> 01:03:03,696
and the lifeline for so
many of us in the community.
961
01:03:03,697 --> 01:03:06,282
And that's where the
partnership and the realization
962
01:03:06,283 --> 01:03:09,952
that there's an obligation beyond
just the bottom business line
963
01:03:09,953 --> 01:03:13,999
and the model is to that of being
interconnected in the community.
964
01:03:16,043 --> 01:03:19,629
[narrator] During the pandemic, we learned
a lot about ourselves and the world,
965
01:03:19,630 --> 01:03:23,341
how we are similar and
how we are different.
966
01:03:23,342 --> 01:03:25,510
Shanghai shut down.
967
01:03:25,511 --> 01:03:28,095
Tonight, there's growing outrage
over the Chinese government's
968
01:03:28,096 --> 01:03:32,017
increasingly harsh COVID restrictions
in the biggest city in China.
969
01:03:33,352 --> 01:03:34,728
[Ng] During the pandemic...
970
01:03:35,896 --> 01:03:40,275
every one of my branch staff had to
show up to work every single day.
971
01:03:41,693 --> 01:03:47,693
So when the quarantine requirement
was mandated in Shanghai,
972
01:03:48,575 --> 01:03:49,909
everybody had to stay home.
973
01:03:49,910 --> 01:03:54,081
But there's got to be a few
people staying in the office 24/7.
974
01:03:55,332 --> 01:03:58,877
So I have three young
men who volunteered.
975
01:04:00,295 --> 01:04:02,339
[Yuan in Mandarin]
976
01:04:08,762 --> 01:04:11,181
["In the Joy" by JJ Lin playing]
977
01:04:16,103 --> 01:04:19,105
♪ Be they non-believer
We still keep the faith ♪
978
01:04:19,106 --> 01:04:21,816
♪ We hold back tears
Smiles on our face... ♪
979
01:04:21,817 --> 01:04:24,193
[Ng in English] They said,
"We can tough it out."
980
01:04:24,194 --> 01:04:27,489
So they went to the office,
volunteered for four days.
981
01:04:28,782 --> 01:04:31,742
But four days later,
the Shanghai government
982
01:04:31,743 --> 01:04:34,745
decided to extend
the quarantine time.
983
01:04:34,746 --> 01:04:36,163
And next thing happened,
984
01:04:36,164 --> 01:04:38,916
seven days and then 14 days,
985
01:04:38,917 --> 01:04:41,669
- and then one month.
- Good night.
986
01:04:41,670 --> 01:04:43,964
[Yang in Mandarin]
987
01:05:03,150 --> 01:05:05,526
♪ Raise a noise... ♪
988
01:05:05,527 --> 01:05:09,947
[all laughing]
989
01:05:09,948 --> 01:05:14,953
♪ In the joy, in the joy ♪
990
01:05:24,921 --> 01:05:28,007
[Ng in English] Staying in office
without their family members
991
01:05:28,008 --> 01:05:30,468
and not knowing when
they could come out.
992
01:05:30,469 --> 01:05:33,764
[in Mandarin]
993
01:05:39,227 --> 01:05:40,227
Hmm...
994
01:05:47,736 --> 01:05:50,112
[Ng in English] It's one
thing about, "I know, 67 days.
995
01:05:50,113 --> 01:05:52,865
I can count the days. I'm
down to the last ten."
996
01:05:52,866 --> 01:05:57,244
It's another one, is that, "Hmm.
Would I ever get out?" Right?
997
01:05:57,245 --> 01:05:58,664
[Yang in Mandarin]
998
01:06:03,960 --> 01:06:05,128
[Yang laughs]
999
01:06:08,340 --> 01:06:12,760
♪ You and I... ♪
1000
01:06:12,761 --> 01:06:16,014
[in English]
1001
01:06:18,684 --> 01:06:22,312
- Okay. I will give you...
- I love you.
1002
01:06:26,316 --> 01:06:29,486
Love you. I love you.
1003
01:06:30,195 --> 01:06:35,200
- I love you.
- You. I love you too.
1004
01:06:36,326 --> 01:06:38,161
I love you too.
1005
01:06:40,497 --> 01:06:43,874
I have a very good perspective
in terms of the difference
1006
01:06:43,875 --> 01:06:45,877
between American
culture and Chinese.
1007
01:06:46,837 --> 01:06:48,171
They're very different.
1008
01:06:49,214 --> 01:06:50,464
America:
1009
01:06:50,465 --> 01:06:53,301
individual rights first.
1010
01:06:53,885 --> 01:06:57,222
Democracy, freedom of speech.
1011
01:06:58,515 --> 01:07:00,142
And then I look at China,
1012
01:07:00,976 --> 01:07:04,228
society first,
individual second.
1013
01:07:04,229 --> 01:07:05,938
[printer whirring]
1014
01:07:05,939 --> 01:07:08,691
I'm not making judgment
here and there.
1015
01:07:08,692 --> 01:07:12,403
There's no right or wrong,
who's better than the other.
1016
01:07:12,404 --> 01:07:14,989
I just look at it as
a different culture.
1017
01:07:14,990 --> 01:07:16,616
It's a different philosophy.
1018
01:07:17,117 --> 01:07:20,245
[all in Mandarin]
1019
01:07:22,539 --> 01:07:25,791
[narrator] East West will always
serve the Asian American communities.
1020
01:07:25,792 --> 01:07:29,503
But as Chinatown
diversified, so did the bank.
1021
01:07:29,504 --> 01:07:34,634
East West Bank started 50 years ago for
the purpose of helping the unbanked.
1022
01:07:35,635 --> 01:07:38,262
Helping them to survive.
1023
01:07:38,263 --> 01:07:43,685
Helping them to hopefully transition
from poverty to middle class.
1024
01:07:44,978 --> 01:07:48,231
For the last almost
three decades now,
1025
01:07:49,065 --> 01:07:53,069
I decided that we
could do better.
1026
01:07:53,904 --> 01:07:56,155
Instead of just keep helping,
1027
01:07:56,156 --> 01:07:59,200
just to pull, to
transition to middle class,
1028
01:07:59,201 --> 01:08:01,203
I feel a bit more ambitious.
1029
01:08:02,287 --> 01:08:07,166
Why should East West Bank be pigeonholed
only to serve the Asian immigrants?
1030
01:08:07,167 --> 01:08:11,045
Why can't we be also
serving the mainstream?
1031
01:08:11,046 --> 01:08:15,800
Why can't we be supportive of
the African American community
1032
01:08:15,801 --> 01:08:17,511
and the Latino community?
1033
01:08:18,053 --> 01:08:19,970
By East West stepping up,
1034
01:08:19,971 --> 01:08:24,850
acting like we are part of
the community and we belong,
1035
01:08:24,851 --> 01:08:27,395
I do feel that it
makes a big difference.
1036
01:08:31,566 --> 01:08:33,985
[classical music
playing on speaker]
1037
01:08:38,406 --> 01:08:40,658
[woman on speaker] Welcome
to the East West Bancorp's
1038
01:08:40,659 --> 01:08:43,912
first quarter 2023
earnings conference call.
1039
01:08:44,788 --> 01:08:46,414
[analyst]
1040
01:08:58,969 --> 01:09:03,889
You know, we have always
had a very strict principle
1041
01:09:03,890 --> 01:09:06,600
in terms of we gotta
run our balance sheet
1042
01:09:06,601 --> 01:09:09,396
in a very prudent,
conservative way.
1043
01:09:09,980 --> 01:09:15,980
So if you can see, despite the
turmoil, well, we're down 2%.
1044
01:09:17,153 --> 01:09:21,533
When you looked at the anxiety
going on, you know, in the market,
1045
01:09:22,492 --> 01:09:25,870
news about, you know, "Regional banks,
are they all in trouble and whatnot?"
1046
01:09:25,871 --> 01:09:30,332
You know, we do need to make sure
that we demonstrate to our customers
1047
01:09:30,333 --> 01:09:33,879
that East West is the last
thing they need to worry about.
1048
01:09:34,671 --> 01:09:37,841
We've done it. And
so far, so good.
1049
01:10:03,909 --> 01:10:07,703
[Irving] My first experience with East
West was all the way back in 1980,
1050
01:10:07,704 --> 01:10:10,998
and spent my time
representing banks
1051
01:10:10,999 --> 01:10:14,294
and savings institutions,
typically community institutions.
1052
01:10:14,961 --> 01:10:17,338
Of all of the institutions,
1053
01:10:17,339 --> 01:10:22,760
East West has been the one that emerged
and thrived and succeeded and grew
1054
01:10:22,761 --> 01:10:25,055
in ways that would have
been hard to imagine.
1055
01:10:26,431 --> 01:10:31,186
[Ng] There's no way America
can do without regional banks.
1056
01:10:31,895 --> 01:10:35,065
Many of us have that
big bank's capability,
1057
01:10:35,649 --> 01:10:40,320
but do it in a much more intimate
way with their customers.
1058
01:10:41,696 --> 01:10:44,823
The difference is that
we're much smaller,
1059
01:10:44,824 --> 01:10:50,538
so we have a substantially better
ability to connect, to interact,
1060
01:10:51,081 --> 01:10:54,000
and also to build trust,
to build relationships.
1061
01:10:54,626 --> 01:10:57,169
[Irving] So what distinguishes
a bank? It's really two things.
1062
01:10:57,170 --> 01:10:59,630
One is: Does it have
special characteristics?
1063
01:10:59,631 --> 01:11:01,341
A special niche?
1064
01:11:02,133 --> 01:11:04,635
And two is execution.
1065
01:11:04,636 --> 01:11:06,971
It's the quality of
management and leadership,
1066
01:11:06,972 --> 01:11:08,764
the dedication of employees,
1067
01:11:08,765 --> 01:11:12,143
the commitment to customer
and client and client service.
1068
01:11:12,811 --> 01:11:15,771
East West has just done
an extraordinary job
1069
01:11:15,772 --> 01:11:17,816
over many, many, many years.
1070
01:11:19,109 --> 01:11:22,653
In many ways, the growth
and success of East West,
1071
01:11:22,654 --> 01:11:25,322
you know, follows the
growth and success
1072
01:11:25,323 --> 01:11:28,867
- of Chinese Americans, Asian Americans.
- [inaudible dialogue]
1073
01:11:28,868 --> 01:11:31,412
[Oh] The success that we've had,
1074
01:11:31,413 --> 01:11:34,581
and, you know, watching
the bank continue to grow
1075
01:11:34,582 --> 01:11:38,169
is something that has
been very valuable for me.
1076
01:11:39,295 --> 01:11:42,214
[Irving] When we ultimately have
succession in Dominic's role,
1077
01:11:42,215 --> 01:11:44,967
the person or people who
succeed won't be Dominic.
1078
01:11:44,968 --> 01:11:46,136
They'll be different.
1079
01:11:47,220 --> 01:11:49,138
But we fully expect
that when that happens,
1080
01:11:49,139 --> 01:11:53,434
they'll be people of great talent
and great care and commitment.
1081
01:11:53,435 --> 01:11:54,352
[inaudible dialogue]
1082
01:11:54,353 --> 01:11:56,979
[Irving] And again, Dominic
is not going anywhere.
1083
01:11:56,980 --> 01:11:59,733
He'll be watching very
closely, I'm very sure.
1084
01:12:03,153 --> 01:12:09,116
[anchor] In 2022, President Biden
appointed East West Bank's CEO, Dominic Ng
1085
01:12:09,117 --> 01:12:11,911
to chair the Asia-focused
Business Advisory Council.
1086
01:12:12,662 --> 01:12:14,830
But last week, a group
of House Republicans
1087
01:12:14,831 --> 01:12:19,001
decided to take it upon themselves
to write a letter to the FBI
1088
01:12:19,002 --> 01:12:21,378
demanding that Mr. Ng
be investigated
1089
01:12:21,379 --> 01:12:24,716
for potentially violating
the Espionage Act.
1090
01:12:25,300 --> 01:12:28,802
Their allegation is that this
prominent Chinese American businessman,
1091
01:12:28,803 --> 01:12:32,139
whose bank is all about
connecting the East and the West,
1092
01:12:32,140 --> 01:12:34,100
was secretly connected to China.
1093
01:12:34,601 --> 01:12:38,730
[Ng] I was initially kind of
shocked, and it was so ridiculous.
1094
01:12:39,272 --> 01:12:44,359
This is something completely brand-new
and kind of hits you in the core,
1095
01:12:44,360 --> 01:12:46,600
because it's not like I know
exactly how to deal with it.
1096
01:12:47,489 --> 01:12:51,451
[Dreier] I've known Dominic
Ng for nearly 30 years.
1097
01:12:52,035 --> 01:12:56,414
One of the things that brought us together
is our shared, passionate commitment
1098
01:12:57,082 --> 01:12:59,917
about enhancing the relationship
1099
01:12:59,918 --> 01:13:03,463
between China and the
United States of America.
1100
01:13:04,255 --> 01:13:08,926
We can't forget the critically
important tool of diplomacy,
1101
01:13:08,927 --> 01:13:12,054
which Dominic believes in,
and it's what he's doing
1102
01:13:12,055 --> 01:13:14,724
as the head of the Business
Advisory Council for APEC.
1103
01:13:15,600 --> 01:13:20,313
[Buik] It was just shocking
to me that that could happen
1104
01:13:20,814 --> 01:13:24,691
to the embodiment of
the American dream.
1105
01:13:24,692 --> 01:13:26,068
That's how I think of Dominic.
1106
01:13:26,069 --> 01:13:31,406
And a business leader who has built
up such a track record of success
1107
01:13:31,407 --> 01:13:34,160
and commitment to the
community and the nation.
1108
01:13:34,994 --> 01:13:39,332
If he can be attacked
this way, anybody can.
1109
01:13:39,833 --> 01:13:42,459
[anchor] Democratic Congresswoman
Judy Chu and several other members
1110
01:13:42,460 --> 01:13:45,087
of the Congressional Asian
Pacific American Caucus
1111
01:13:45,088 --> 01:13:47,549
responded by publishing
their own statement.
1112
01:13:48,591 --> 01:13:51,468
[Chu] It was important
for us to speak out.
1113
01:13:51,469 --> 01:13:53,554
One of those Congress members
1114
01:13:53,555 --> 01:13:57,183
that was on that letter accused
me of being a spy for China.
1115
01:13:57,851 --> 01:14:02,604
It made the stereotype that no
matter how long we've been here,
1116
01:14:02,605 --> 01:14:07,110
we Asian Americans are
foreigners in our own land.
1117
01:14:08,236 --> 01:14:11,280
This is just more BS
from the right wing.
1118
01:14:11,281 --> 01:14:14,492
I mean, they have no clue
what they're talking about.
1119
01:14:15,076 --> 01:14:18,912
The far right was looking
to attack the president,
1120
01:14:18,913 --> 01:14:21,541
and so they picked on Dominic.
1121
01:14:22,709 --> 01:14:25,002
[narrator] One community
that knows all too well
1122
01:14:25,003 --> 01:14:26,753
about having your
loyalty questioned
1123
01:14:26,754 --> 01:14:29,007
is the Japanese Americans.
1124
01:14:31,885 --> 01:14:33,969
[Fujioka] At the Japanese
American National Museum,
1125
01:14:33,970 --> 01:14:37,931
our mission is to preserve the
stories of the Japanese community,
1126
01:14:37,932 --> 01:14:40,559
but more importantly,
to share those stories
1127
01:14:40,560 --> 01:14:44,188
to hopefully ensure that
what happened in 1942
1128
01:14:44,189 --> 01:14:46,107
never happens to
another community.
1129
01:14:51,070 --> 01:14:54,531
East West Bank spent years
helping the unbanked.
1130
01:14:54,532 --> 01:14:57,660
In fact, the whole purpose of
why East West Bank was founded
1131
01:14:58,453 --> 01:15:04,453
was to tackle against racism against
Asian Americans and immigrants.
1132
01:15:08,755 --> 01:15:10,714
It's kind of ironic.
1133
01:15:10,715 --> 01:15:16,715
Fifty years later, we ended up having
me dealing with the same old thing
1134
01:15:18,097 --> 01:15:20,808
that's why the bank
started to begin with.
1135
01:15:23,186 --> 01:15:28,106
We're in 2023 and this
nonsense continues.
1136
01:15:28,107 --> 01:15:34,107
To attack a man of his honor and
integrity is both sad and outrageous.
1137
01:15:35,949 --> 01:15:37,366
It's incumbent on all of us,
1138
01:15:37,367 --> 01:15:41,704
regardless of race, color,
creed, politics, to stand up.
1139
01:15:44,207 --> 01:15:49,795
Asian Americans in the past and even
today, we're not being treated equal.
1140
01:15:49,796 --> 01:15:52,547
I know it's not fair,
but we do the best we can
1141
01:15:52,548 --> 01:15:57,219
to prove ourselves that
we belong to this country.
1142
01:15:57,220 --> 01:16:00,306
[insects trilling]
1143
01:16:01,808 --> 01:16:05,102
[narrator] Over the last 50 years,
East West has connected businesses
1144
01:16:05,103 --> 01:16:07,354
and people from
around the world,
1145
01:16:07,355 --> 01:16:10,400
but its roots will
always be in America.
1146
01:16:11,192 --> 01:16:15,822
And on a farm in New Jersey, there
is an artist on a similar path.
1147
01:16:17,031 --> 01:16:19,449
[Deitch] Cai Guo-Qiang is
a very profound artist.
1148
01:16:19,450 --> 01:16:22,369
There are many
aspects to his work.
1149
01:16:22,370 --> 01:16:27,332
First, I would say I admire
his entrepreneurial spirit
1150
01:16:27,333 --> 01:16:30,085
and he does remarkable things.
1151
01:16:30,086 --> 01:16:34,172
He's like a builder,
someone who conceives
1152
01:16:34,173 --> 01:16:39,512
of a giant real estate development where
there was nothing and makes it happen,
1153
01:16:40,138 --> 01:16:42,889
or an inventor who has an idea
1154
01:16:42,890 --> 01:16:47,854
and creates an
extraordinary innovation.
1155
01:16:59,282 --> 01:17:05,282
And seeing that someone like Dominic
Ng can relate a lot to Cai Guo-Qiang.
1156
01:17:05,913 --> 01:17:10,167
There's something in
common with their ambition
1157
01:17:10,168 --> 01:17:12,670
and their ability to
achieve big things.
1158
01:17:13,713 --> 01:17:15,923
[Guo-Qiang in Mandarin]
1159
01:18:25,284 --> 01:18:26,618
[woman in English] He
will do it like this...
1160
01:18:26,619 --> 01:18:28,704
[in Mandarin]
1161
01:18:29,497 --> 01:18:30,580
[in English] Okay?
1162
01:18:30,581 --> 01:18:32,250
- [woman] Everyone ready?
- [man] Yeah.
1163
01:18:48,349 --> 01:18:52,103
[Guo-Qiang in Mandarin]
1164
01:20:29,075 --> 01:20:34,829
[in English] Money to me, originally,
was to help my community get the respect
1165
01:20:34,830 --> 01:20:38,960
so that we would not be
discriminated against.
1166
01:20:39,627 --> 01:20:42,045
[Garcetti] Money is about
the level of freedom we have.
1167
01:20:42,046 --> 01:20:45,800
And when people don't have money,
it's their lack of freedom.
1168
01:20:46,300 --> 01:20:52,139
Money means opportunity to be able
to do what I want to do in my life.
1169
01:20:52,723 --> 01:20:54,225
The ice skating dream.
1170
01:20:55,142 --> 01:20:58,688
[Guo-Qiang in Mandarin]
1171
01:21:14,161 --> 01:21:16,080
[Ng in English] Money is a tool.
1172
01:21:16,956 --> 01:21:21,627
It can help people advance
self-interest or pursue public good.
1173
01:21:22,628 --> 01:21:27,883
Our founders at East West Bank used money
to help immigrants overcome prejudice.
1174
01:21:28,884 --> 01:21:32,138
I want to empower
everyone to reach further,
1175
01:21:32,638 --> 01:21:36,642
to walk across that bridge
that connects us all.
1176
01:21:47,653 --> 01:21:49,655
["In the Joy" by JJ Lin playing]
1177
01:21:54,952 --> 01:21:57,787
♪ Be they non-believer
We still keep the faith ♪
1178
01:21:57,788 --> 01:22:01,374
♪ We hold back tears
Smiles on our face ♪
1179
01:22:01,375 --> 01:22:04,503
♪ I can clearly see it
We are all the same ♪
1180
01:22:04,629 --> 01:22:07,422
♪ We all need love When
we're healing pain ♪
1181
01:22:07,423 --> 01:22:12,553
♪ Differences keep us distanced
though We really oughta let 'em go ♪
1182
01:22:14,305 --> 01:22:20,305
♪ We can multiply If
we become united ♪
1183
01:22:20,519 --> 01:22:25,649
♪ Love's in full supply
So let's just reach some ♪
1184
01:22:25,650 --> 01:22:31,650
♪ Satisfaction has arrived ♪
1185
01:22:32,782 --> 01:22:38,782
♪ Come together, you and I ♪
1186
01:22:39,246 --> 01:22:44,335
♪ Feel connection,
raise a noise ♪
1187
01:22:45,878 --> 01:22:51,878
♪ All enamored in the joy ♪
1188
01:22:52,051 --> 01:22:53,719
♪ In the joy ♪
1189
01:22:55,346 --> 01:22:56,931
♪ You and I ♪
1190
01:22:58,557 --> 01:23:01,601
♪ You and I, yeah ♪
1191
01:23:01,602 --> 01:23:03,437
♪ You and I ♪
1192
01:23:05,439 --> 01:23:06,648
♪ Yeah ♪
1193
01:23:06,649 --> 01:23:09,526
♪ We become achievers
When we keep the pace ♪
1194
01:23:09,527 --> 01:23:12,738
♪ We weather storms And
make 'em brighter days ♪
1195
01:23:13,322 --> 01:23:16,199
♪ I can clearly see it
We are all the same ♪
1196
01:23:16,200 --> 01:23:19,327
♪ We can't hold grudges
Toward a single aim ♪
1197
01:23:19,328 --> 01:23:22,038
♪ When you're down and
out I'm with you though ♪
1198
01:23:22,039 --> 01:23:25,125
♪ A pick me up when
things are low ♪
1199
01:23:25,126 --> 01:23:29,337
♪ If we multiply each side ♪
1200
01:23:29,338 --> 01:23:33,007
♪ We can simply be
going together now ♪
1201
01:23:33,008 --> 01:23:37,721
♪ Let's just fly through
blue skies And feel some ♪
1202
01:23:37,722 --> 01:23:43,722
♪ Satisfaction has arrived ♪
1203
01:23:44,603 --> 01:23:50,603
♪ Come together, you and I ♪
1204
01:23:51,110 --> 01:23:56,157
♪ Feel connection,
raise a noise ♪
1205
01:23:57,742 --> 01:24:03,742
♪ All enamored in the joy ♪
1206
01:24:03,831 --> 01:24:05,583
♪ In the joy ♪
1207
01:24:07,168 --> 01:24:08,836
♪ You and I ♪
1208
01:24:10,379 --> 01:24:13,590
♪ You and I, yeah ♪
1209
01:24:13,591 --> 01:24:15,301
♪ You and I ♪
1210
01:24:16,385 --> 01:24:17,386
♪ You ready? ♪
1211
01:24:18,053 --> 01:24:21,306
♪ When we do it May we
do it for the joy, joy? ♪
1212
01:24:21,307 --> 01:24:24,642
♪ When we do it Can we
do it for the joy? ♪
1213
01:24:24,643 --> 01:24:27,896
♪ When we do it May we
do it for the joy, joy? ♪
1214
01:24:27,897 --> 01:24:29,981
♪ Can we do it for the joy? ♪
1215
01:24:29,982 --> 01:24:35,982
♪ Satisfaction has arrived ♪
1216
01:24:36,864 --> 01:24:42,864
♪ Come together, you and I ♪
1217
01:24:43,120 --> 01:24:48,166
♪ Feel connection,
raise a noise ♪
1218
01:24:48,167 --> 01:24:50,210
♪ Raise a noise ♪
1219
01:24:50,211 --> 01:24:55,965
♪ All enamored in the joy ♪
1220
01:24:55,966 --> 01:24:57,927
♪ In the joy ♪
100264
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