As for the Hardy Group's bank, Wells Fargo, it is already heavily in debt to Bank of America and can't really lend much money to the Europeans. Establishing branches and slowly developing there may be of great significance in the long term, but it won't yield much from that $22 billion.
To be honest, Hardy's current industries have great potential for future development, but they are only suitable for the resource abundant United States. For those still struggling below the poverty line, entertainment is still a luxury.
This is why he involved the California consortium. Only a large consortium has such a diverse range of industries to profit from.
Since there wasn't much to sell, Hardy's plan was to see if there was anything worth buying. In his previously set three year plan, the last of the six main business focuses was the luxury goods industry.