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"Hi, Paulson, thank you for your help at a critical moment. We had the opportunity to go fishing with Bill Gates and try Linda's apple pie. The fighting power of the two of us is unparalleled, because I can go down and bring the fish ashore."
"Hey, please don't forget your promise."
"I will, man."
"To be honest, Boss King, I'm very busy now. There are several calls waiting for me to answer anytime and anywhere. They are all guys with great backgrounds. I'm afraid I can't say anything more to you."
"I really envy your fulfilling life. Remember to go on vacation together when you have time."
"Put down your whining and weird words! I'm dead."
"ok."
Wang Yaocheng put down the phone in his hand, and the smile on his face gradually faded.
Looking at the foggy and misty Victoria Peak, a round of red sun rises from the sea and sky, and the brilliant morning glow covers the sky. This is a vibrant summer morning.
He took a deep breath of the fresh air with the fragrance of earth, and walked towards the cloud top platform.
Overlooking the entire Hong Kong Island from here, the reinforced concrete jungle is already noisy, and a new day has begun.
The plan of a day lies in the morning, this is a good day!
The friendship between big shots is not tender and tender, some are just naked interest entanglements. The reason why Paulson made this phone call was that, apart from the private contact of Goldman Sachs senior partner Mr. Mo Shadong, Wang Yaocheng agreed to the other two conditions;
First, it announced that it will take a stake in Goldman Sachs to enhance the confidence of market participants in Goldman Sachs, with a scale of no less than US$8 billion.
Second, invest in the acquisition of some financial assets in the United States, with a scale of no less than 30 billion U.S. dollars, to reduce the pressure on the government to provide assistance.
?It sounds like the other party is talking loudly, but it is not. Paulson has worked at Goldman Sachs for more than 30 years, and he deeply understands the huge ambitions of the Wang consortium in the financial industry.
? Saving people is equal to saving oneself. Taking advantage of the financial crisis to merge and develop has always been the only way for financial oligarchs
Some people say that HSBC is now the world's largest bank, with assets under management as high as 3.38 trillion US dollars. Does it need further expansion?
This is a layman who does not understand the financial industry at all, and the development is never-ending.
According to the business volume of HSBC in the North American region including Canada, it can almost rank sixth to seventh. The business scale of its leading peers lies in the Asian region where it is based, the European region where it focuses on development, and emerging countries such as Africa and South America. market.
In North America, the world's financial highland, and on Wall Street, HSBC is far from being the leader.
Citibank manages assets of 3.16 trillion U.S. dollars, UBS manages 2.52 trillion U.S. dollars in assets, and Bank of America manages 2.41 trillion U.S. dollars in assets.
In 2007, seven of the world's top ten financial giants were concentrated on Wall Street, and their assets were more concentrated in North America.
? While HSBC continues to grow, world-class financial giants have not stopped developing, and large-scale corporate mergers have been reported in the newspapers from time to time.
?Only in the three years from 2004 to 2007, the amount of corporate mergers and acquisitions in the world's financial industry reached as high as 1.15 trillion US dollars. It has become the norm for big fish to eat small fish, leading the world's financial industry to develop towards transnational and super-large-scale full-finance licenses.
?Competition is everywhere, maybe only one blockbuster acquisition is needed, and HSBC will obediently give up its No. 1 ranking in the world.
Facing the global financial tsunami triggered by the subprime mortgage crisis, which may reshape the world's financial industry structure, if Wang Yaocheng's lofty prestige did not calm down the scene, it would be difficult for HSBC to suppress the impulse to expand at this time.
9.00 am
A group of three black Rolls-Royces stopped at the grand foyer of the Royal Family Building, and got out of the car more than a dozen AIG executives with briefcases. They were the core of the negotiation team, the gray-haired Douglas director Long is also among them.
On the two Toyota Coaster vans that came up from behind, more than 20 white business elites came down one after another. These are lawyers and business assistants in the negotiation team. Under the guidance of relevant personnel, they took a special elevator and went straight to the 155th floor. There is a business floor dedicated to negotiations, and meetings of various sizes can also be held.
? Enter the conference hall
The aig negotiation team found that, except for a bottle of mineral water in front of each person, there was nothing else in the conference hall of Nuoda, and the negotiation team from the royal family fund did not arrive, which was quite different from waiting here earlier.
See this scene, talk about??It was really ruthless and took away the entire company.
In the follow-up funding arrangements, the Royal Family Fund promised to invest in rescue funds in proportion to the equity, and this part of the rescue funds will be counted as financing for aig, which is the only sincerity shown.
this point is very important;
Because according to the current bad situation, based on the loss of 35 billion to 40 billion US dollars in the third fiscal quarter, AIG is expected to lose no less than 20 billion US dollars in the fourth fiscal quarter. billion dollars, this black hole will swallow most of the cash flow invested by the royal family fund.
The reason why American International Group gritted its teeth and accepted it was that the gold-lettered signboard of the insurance industry must never be broken. This is the maintenance of all confidence and the foundation of AIG's survival.
If hundreds of millions of insurance users around the world no longer trust aig, you can imagine the catastrophic prospect that this huge insurance empire will fall apart within a day.
The disaster is not over yet. With the continuous development of the financial turmoil, the 1.5 trillion subprime loan financial derivatives that AIG participated in will continue to generate huge losses in 2009.
It may be 50 billion U.S. dollars, it may be 70 billion U.S. dollars or more, it all depends on the future direction of the market.
Only by continuously investing a huge amount of cash flow from the Royal Family Fund and maintaining the confidence in the golden brand of aig, can it be possible to reduce subsequent economic losses!
This is crucial.
That is to say, the royal family fund needs to show its wealth reputation built over more than ten years to endorse aig, especially the dazzling aura of Wang Yaocheng, who has been the richest man in the world for more than ten years. aig's current predicament is critical.
This is like a shot in the arm, allowing the market and investors to regain confidence in MIG.
In addition, the U.S. federal government's bailout also has the same purpose, and it is also using the government's credit to endorse enterprises.
Looking at the whole world, there are very few people who have the ability to do this. The only one who has the ability to do this and personally participate in the incident of saving AIG is the Royal Family Fund, and others are too busy to take care of themselves.
Isn't aig's high-quality assets fragrant?
It's a pity that the most important thing now is to save your life. The financial predators haven't had the extravagance to squander hundreds of billions of dollars at will to pick peaches from other people's trees.
If your international appeal is not enough, and your status in the financial market is not enough, you need to spend more money to fill the bottomless pit of aig. Maybe 200 billion US dollars is not enough, and you need more.
This is the bloody reality that AIG is facing, Chairman Douglas said sadly; "When we walk out of this gate, the whole world will have no place to stay." (Remember the website URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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