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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:01,085 --> 00:00:03,087 [whirring] 2 00:00:05,923 --> 00:00:07,632 [Chen] Early in the morning on a Friday, 3 00:00:07,633 --> 00:00:11,261 you'd turn on the TV or the news there... 4 00:00:11,262 --> 00:00:14,639 [reporter] The biggest bank collapse since the 2008 financial crisis, 5 00:00:14,640 --> 00:00:16,141 and it shut down today. 6 00:00:16,142 --> 00:00:19,269 [woman] This is clearly an example of something breaking. 7 00:00:19,270 --> 00:00:22,398 We can assume that there's serious contagion here. 8 00:00:22,982 --> 00:00:27,194 [Chen] Over the weekend, negative sentiment spread all over. 9 00:00:27,903 --> 00:00:31,489 [reporter] What prevents runs on a whole bunch more banks next week? Unclear. 10 00:00:31,490 --> 00:00:32,741 It's never great 11 00:00:32,742 --> 00:00:37,203 when you're having full-on meetings with regulators on a Sunday morning. 12 00:00:37,204 --> 00:00:40,875 What are we doing to prepare? Do we have enough liquidity? 13 00:00:41,500 --> 00:00:43,501 [Krause] We had to make sure our customers trusted us, 14 00:00:43,502 --> 00:00:45,796 and there was a concern it could spread to other banks. 15 00:00:46,464 --> 00:00:48,864 [reporter] The entire banking industry is feeling the impact. 16 00:00:49,425 --> 00:00:53,929 [Ng] There's no way America can do without regional banks. 17 00:00:54,513 --> 00:00:56,014 We have the capital. 18 00:00:56,015 --> 00:01:01,144 We have the earnings that allow us to connect, to interact, 19 00:01:01,145 --> 00:01:02,563 to build relationships. 20 00:01:11,238 --> 00:01:16,075 We specialize to be that financial bridge between East and West. 21 00:01:16,076 --> 00:01:19,037 We help the unbanked immigrants. 22 00:01:19,038 --> 00:01:21,165 You know, help them to reach further. 23 00:01:22,082 --> 00:01:27,671 We have a purpose and we can make a difference to the world. 24 00:01:40,726 --> 00:01:44,437 [narrator] Immigrants have always played a vital role in American history, 25 00:01:44,438 --> 00:01:47,650 but today, many are still considered foreign. 26 00:01:48,400 --> 00:01:51,945 Fifty years ago, Chinese Americans were denied loans. 27 00:01:51,946 --> 00:01:57,158 In response, eight brave individuals from Chinatown took action, 28 00:01:57,159 --> 00:02:00,621 forever changing the trajectory of the community. 29 00:02:01,372 --> 00:02:03,832 You know, we're seeing the hillside behind us. 30 00:02:03,833 --> 00:02:06,960 [car horn honking] 31 00:02:06,961 --> 00:02:09,421 The bicycle has the right of way, dude. 32 00:02:13,551 --> 00:02:18,638 It's always astounding to see the vast distances that people travel 33 00:02:18,639 --> 00:02:20,390 to live a new life, 34 00:02:20,391 --> 00:02:23,142 to take advantage of economic opportunities, 35 00:02:23,143 --> 00:02:25,312 or to just find work. 36 00:02:27,773 --> 00:02:33,773 Chinese started coming to the Americas beginning in the 16th and 17th century. 37 00:02:34,113 --> 00:02:36,781 There were two Chinese who lived in L.A. 38 00:02:36,782 --> 00:02:42,413 Both were house servants for white families who had moved into the area. 39 00:02:43,289 --> 00:02:48,878 Los Angeles itself was really the Wild West. 40 00:02:49,795 --> 00:02:54,173 So in 1870, it's about 5000 people. 41 00:02:54,174 --> 00:02:55,341 That's it. 42 00:02:55,342 --> 00:03:00,639 And of that 5000, there are around 200 Chinese. 43 00:03:01,724 --> 00:03:07,724 In October of 1871, there is some gunfire, 44 00:03:07,897 --> 00:03:13,897 and within minutes this kind of call went out throughout the city of: 45 00:03:15,446 --> 00:03:18,197 "They're killing whites wholesale in Chinatown." 46 00:03:18,198 --> 00:03:20,284 You know, "We all have to go down." 47 00:03:21,118 --> 00:03:25,580 Population of 5000, 10% participated 48 00:03:25,581 --> 00:03:30,961 in the Chinatown massacre and in this riot, targeting Chinese. 49 00:03:32,880 --> 00:03:34,964 [narrator] After the railroad is constructed, 50 00:03:34,965 --> 00:03:39,427 a huge influx of white labor arrives from the East Coast. 51 00:03:39,428 --> 00:03:45,428 And when you add the unemployed Chinese, suddenly there are not enough jobs. 52 00:03:46,185 --> 00:03:50,688 This is what ignites the period called the "Driving Out," 53 00:03:50,689 --> 00:03:56,689 where Chinese are literally driven out of communities throughout the West. 54 00:03:58,280 --> 00:04:04,280 So all of this is sort of gradually leading up to the Exclusion Act of 1882. 55 00:04:10,000 --> 00:04:15,630 The Chinese Exclusion Act of 1882 starts to set in motion certain things. 56 00:04:15,631 --> 00:04:18,591 First of all, it really again just takes 57 00:04:18,592 --> 00:04:24,592 what's sort of free-floating racism and discrimination and actually legalizes it. 58 00:04:27,601 --> 00:04:30,729 You know, makes it a national law. 59 00:04:32,773 --> 00:04:37,902 It's really a matter of digging deep and looking and understanding 60 00:04:37,903 --> 00:04:42,240 what the real role of Chinese in our community was, 61 00:04:42,241 --> 00:04:48,121 even though there was still a lack of respect in terms of its long-term future 62 00:04:48,122 --> 00:04:49,998 as a part of America. 63 00:04:49,999 --> 00:04:55,999 And by the '50s, many felt positively about being able to buy their own land. 64 00:04:57,840 --> 00:05:00,550 There had been restrictive covenants that prevented Chinese 65 00:05:00,551 --> 00:05:04,847 from moving into many places, like my own family. 66 00:05:06,390 --> 00:05:11,145 I grew up a block away from skid row in San Diego. 67 00:05:12,104 --> 00:05:17,776 Because of the Chinese Exclusion Act, the Chinese were not able to buy property. 68 00:05:18,444 --> 00:05:24,444 And in order for us to be able to be a cohesive community, 69 00:05:25,034 --> 00:05:30,748 we needed to have home ownership to get out of the ghetto areas. 70 00:05:32,708 --> 00:05:36,754 In those days, money was hard for these families. 71 00:05:37,629 --> 00:05:40,674 Christmas was not filled with gifts. 72 00:05:41,717 --> 00:05:45,262 Children did not get toys in those days. 73 00:05:46,638 --> 00:05:52,638 I think that the average Chinese American just want a roof over their head 74 00:05:53,228 --> 00:05:58,192 and food to eat, and family and friends to love. 75 00:05:59,568 --> 00:06:03,155 Money is just the tool that helps you get there. 76 00:06:05,657 --> 00:06:08,701 Hi, I'm Ben Lee, retired LAPD supervisor detective. 77 00:06:08,702 --> 00:06:11,663 I was in the LAPD from 1976 to 2009. 78 00:06:12,331 --> 00:06:14,832 I spent 12 years working in the Chinese American community 79 00:06:14,833 --> 00:06:16,000 in the city of Los Angeles. 80 00:06:16,001 --> 00:06:18,545 And we're right in the middle of Chinatown right now. 81 00:06:21,757 --> 00:06:26,469 You know, before we had legal banking, back then, there was no banks. 82 00:06:26,470 --> 00:06:29,807 It was very difficult to get and borrow money and use it to help your family. 83 00:06:30,516 --> 00:06:32,725 A lot of the money lenders were not the best people in town. 84 00:06:32,726 --> 00:06:34,977 They were in it for the money and the interest. 85 00:06:34,978 --> 00:06:37,378 Why do we need to go to them when we can just go to the bank? 86 00:06:38,273 --> 00:06:40,192 And that's what made it so nice. 87 00:06:41,401 --> 00:06:45,780 [narrator] Mainstream banks couldn't serve the growing Chinatown community, 88 00:06:45,781 --> 00:06:51,410 so F. Chow Chan and seven others founded East West Federal Savings. 89 00:06:51,411 --> 00:06:54,331 But first, they needed an architect. 90 00:06:57,584 --> 00:07:00,629 [Leong] My father, he was a great collector. 91 00:07:01,755 --> 00:07:05,508 When he passed away, I had boxes and boxes 92 00:07:05,509 --> 00:07:10,930 and boxes of pictures and documents and papers all scrambled up together. 93 00:07:10,931 --> 00:07:13,392 It took me five years to go through it. 94 00:07:14,685 --> 00:07:17,645 My father was Gilbert Lester Leong 95 00:07:17,646 --> 00:07:20,982 and he was the first Chinese American architect 96 00:07:20,983 --> 00:07:22,567 in Southern California, 97 00:07:22,568 --> 00:07:27,197 and he designed many buildings for the Chinese community. 98 00:07:31,743 --> 00:07:35,037 [Yang] So right now, we're looking at papers and documents 99 00:07:35,038 --> 00:07:37,999 concerning the building of the East West Bank branch 100 00:07:38,000 --> 00:07:39,542 in L.A. Chinatown. 101 00:07:39,543 --> 00:07:41,669 So we're here, we're looking at photographs. 102 00:07:41,670 --> 00:07:43,045 We're looking at renderings. 103 00:07:43,046 --> 00:07:47,341 We're looking at promotional flyers that was being created at the time 104 00:07:47,342 --> 00:07:50,512 to promote the opening of East West Federal Bank. 105 00:07:51,388 --> 00:07:54,599 I think that he took that trust very seriously, 106 00:07:54,600 --> 00:07:58,312 to try to build them the best building that he could build them. 107 00:07:59,146 --> 00:08:03,483 The idea of a savings and loan is not new to Chinese people. 108 00:08:04,693 --> 00:08:09,364 [Leong] He built it for his community to grow and prosper. 109 00:08:10,616 --> 00:08:14,036 We have grown and it has been good. 110 00:08:15,579 --> 00:08:20,041 [Yang] I think it's important that we look back at Chinese American history 111 00:08:20,042 --> 00:08:23,711 because we are losing history every single moment. 112 00:08:23,712 --> 00:08:26,964 One of the best ways to keep the memory and the history alive 113 00:08:26,965 --> 00:08:31,928 is for us to keep these precious documents here for long-term preservation, 114 00:08:31,929 --> 00:08:34,805 so that anybody that has any interest to do research work 115 00:08:34,806 --> 00:08:36,308 can come to the Huntington. 116 00:08:38,352 --> 00:08:41,062 [narrator] Long before F. Chow Chan opened a bank, 117 00:08:41,063 --> 00:08:44,316 he was serving cakes at the iconic Phoenix Bakery. 118 00:08:45,651 --> 00:08:48,570 Okay. Basically, this is where everything happens. 119 00:08:49,363 --> 00:08:52,073 All these people like this gentleman here, Edgar, 120 00:08:52,074 --> 00:08:55,117 is basically assembling cakes. 121 00:08:55,118 --> 00:08:56,662 Okay, as you can see... 122 00:08:58,121 --> 00:09:01,374 what makes our products different from everybody else 123 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. 126 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. 130 00:09:36,618 --> 00:09:38,996 No ifs, ands or buts. [laughs] 131 00:09:39,579 --> 00:09:41,455 I don't worry about the legacy. 132 00:09:41,456 --> 00:09:45,459 I just worry about, you know, like, if I can get the product out 133 00:09:45,460 --> 00:09:48,212 that people are satisfied with, that's mainly my concern. 134 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. 140 00:10:04,438 --> 00:10:08,357 Growing up, he was busy a lot of the time, 141 00:10:08,358 --> 00:10:12,653 and he was so diverse in what he was interested in. 142 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. 146 00:10:27,252 --> 00:10:30,922 So yeah, it's quite a legacy. 147 00:10:32,966 --> 00:10:38,846 [narrator] In 1973, East West opens its headquarters in Los Angeles, Chinatown, 148 00:10:38,847 --> 00:10:42,893 with the sole purpose of providing banking for the unbanked. 149 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. 151 00:10:51,735 --> 00:10:55,821 Yes, it's a bank, but people have this kind of vision of: 152 00:10:55,822 --> 00:10:57,407 How are we gonna help the community? 153 00:10:58,700 --> 00:11:01,994 It's very much about those personal relationships, 154 00:11:01,995 --> 00:11:05,122 family relationships, that idea of: 155 00:11:05,123 --> 00:11:08,292 These are people you see on the street every day, 156 00:11:08,293 --> 00:11:13,090 and now people can finally start to buy homes. 157 00:11:14,341 --> 00:11:16,634 And that's why this is so unique, 158 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. 160 00:11:25,602 --> 00:11:28,146 [Ceppi] Kellogg, my older big brother... 161 00:11:29,648 --> 00:11:32,191 took leadership of his generation. 162 00:11:32,192 --> 00:11:33,360 That's what he did. 163 00:11:34,361 --> 00:11:39,908 [Wang] Kellogg was part-time president until 1983. 164 00:11:40,450 --> 00:11:43,202 His interest was working with the brokers, 165 00:11:43,203 --> 00:11:45,037 start branching. 166 00:11:45,038 --> 00:11:49,583 So one by one, it grows so fast. 167 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. 170 00:12:02,597 --> 00:12:05,266 [narrator] As the needs of Chinatown evolved, 171 00:12:05,267 --> 00:12:08,311 East West was primed for a new direction. 172 00:12:16,611 --> 00:12:22,611 [Ng] My mom was a tailor and my dad started driving a school bus. 173 00:12:25,954 --> 00:12:29,623 For a person like my mom who worked all day, 174 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. 176 00:12:37,716 --> 00:12:39,425 Someone said, "Oh, Dominic, you work too hard." 177 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. 179 00:12:48,310 --> 00:12:51,437 You know, when people hire you to do the job, 180 00:12:51,438 --> 00:12:53,398 you do the best you can. 181 00:12:54,107 --> 00:12:58,861 My parents felt very strongly that America, 182 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." 184 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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