Manufacturing Empire in the Valley

Chapter 855 This guy is amazing
Parker quickly shook his head: "This is definitely not possible. Since the repayment of the loan has been postponed, the interest should continue to be calculated. Otherwise, how can the bank rely on it?"

Niu Xiaoqiang proposed another exchange condition: "As long as your bank accepts this condition, all companies under my name will only conduct business in your bank from now on. Although my company has no funds yet, it will definitely earn a lot of money in the future. We Depositing money in your bank can increase your bank's capital reserves and give you more opportunities to lend to earn interest."

No matter which bank it is, pulling deposits is the top priority.Whether a bank is strong or not depends mainly on its capital.

The profit model of banks is very simple to say, they obtain the principal by absorbing deposits, and then use the principal to lend.The interest rate for depositors is very low, generally only about 5.00%, but the interest charged by banks for loans to customers is very high, generally exceeding [-]%. Banks make money through this method similar to buying low and selling high .

Of course, this is just one of the profit models. In addition, many banks in the United States have also set up investment departments.They will invest in any industry that makes money, such as the stock market, funds, or real estate.

Parker, as the head of the Boston branch of Citibank, was himself assigned the task of pulling deposits.He is very optimistic about Hunter Company, and thinks this company has a bright future, at least earning 1000 million dollars a year is not a problem.If Niu Xiaoqiang is willing to deposit the money in his own bank, it must be a good thing for Parker.

After thinking for a while, he nodded slightly: "If you include this clause in the VAM agreement, I can help you get the benefit of interest-free."

Niu Xiaoqiang laughed: "No problem, I will draw up the agreement right now."

According to the stipulations of the agreement, Niu Xiaoqiang will store all funds in Citibank in the future. Once he opens an account in other banks, he will need to bear a liquidated damages of up to 1000 million US dollars.In return, Citibank will waive interest on Packard Motors for the next eight months.

In addition, Niu Xiaoqiang specially added such a strange clause: Citibank must keep account information for Niu Xiaoqiang, and without Niu Xiaoqiang's permission, Niu Xiaoqiang's personal information must not be disclosed to any irrelevant people. Account information, otherwise it will also have to bear a liquidated damages of 1000 million US dollars.

Parker was quite puzzled by this, and couldn't help but ask, "Why did you add this clause?"

Niu Xiaoqiang said with a smile: "I don't like to be in the limelight, I am a little sensitive about my personal property status, and I don't want to let irrelevant people know.

Parker hesitated: "What kind of people do you mean by irrelevant people?"

"Mostly my competitors and the news media."

Americans attach great importance to privacy, so Parker accepted this clause. He nodded: "Then you should clarify these two types of people, otherwise if the definition is not clear enough, it will bring unnecessary disputes to both parties."

Niu Xiaoqiang agreed, and quickly drafted the VAM agreement.Parker checked carefully and confirmed that all the terms were consistent with what had been negotiated before, and then signed on behalf of Citibank.

Niu Xiaoqiang smiled and stretched out his right hand: "Mr. Parker, you will never regret today's decision. In the foreseeable future, you will reap benefits far beyond your imagination from this matter."

Parker asked curiously, "I don't know what benefits you are referring to?"

"Of course it's a large deposit. I'm a very ambitious person, and making small troubles is not my pursuit."

Americans have a more flamboyant character, so Parker didn't think Niu Xiaoqiang was too arrogant when he heard this.He chuckled: "I hope so."

Niu Xiaoqiang greeted with a smile, turned and left.

As soon as he walked out of the office door, Parker couldn't help muttering: "This guy is really good, maybe he can really do something big in the future."

Recalling the whole process from Niu Xiaoqiang's appearance to his departure, Parker found that he was completely under the control of the opponent, and everything was executed according to the opponent's script, which shows how powerful Niu Xiaoqiang's scheming and skills are.Such a character is indeed more likely to reap success.

While he was sighing, Barbara's voice came from outside the door: "Mr. Niu, are you finished with your business?"

"Well, it's all settled."

"Do you want to go to the VIP room and have a cup of coffee?"

"Thank you Miss Barbara for your kindness. I still have something to do. Let's talk about it next time."

"Oh, okay, I'll take you out."

Parker knew what Barbara was thinking as soon as he heard it. He couldn't help being impressed by the bank teller's performance, and said to himself: I really didn't realize that Barbara has such a vision, and she started to have a relationship with Mr. Niu early on.

Not long after, Barbara walked in.She suggested very politely: "Manager, Mr. Niu is a client I value very much. I have already gotten to know him well. I wonder if his business can be handed over to me in the future?"

Parker looked at Barbara's young and beautiful face, and felt that it would be more appropriate for her to serve Niu Xiaoqiang, so he nodded: "Well, from now on, Mr. Niu's business will be taken care of by you. If you encounter problems that cannot be solved, You can come and ask me anytime."

Barbara smiled and said, "Thank you manager, I will definitely do a good job."

When Barbara left, Parker couldn't help shaking his head slightly: "I didn't expect that Barbara, who looks so honest, also started to degenerate."

In order to win over the millionaires, big banks will recruit young, beautiful and temperamental salespersons to provide them with one-to-one services.It is almost an open secret in the industry that these clerks will make certain sacrifices in addition to their own jobs in the bank.

Although Barbara did not graduate from a top-notch university, she has a very good appearance. Parker originally thought that she had no intentions in this regard.Now it seems that Barbara is not as honest as she appears on the outside, and she is also ambitious.

Niu Xiaoqiang drove to Hewlett-Packard after leaving the bank. He received a call from Whitman before he went out in the morning.Whitman has submitted the application for the modification of the company name and the reallocation of equity to the relevant department, and the procedure is currently going through, and there will be no problems in the future.

He asked Niu Xiaoqiang to allocate the promised funds in place so that he could start his own business.

Seeing that there is not much time left before Christmas, according to Whitman's experience, Christmas is the peak season for computer sales every year, and he does not want to miss this great opportunity to make money.

(End of this chapter)