Reborn Tokyo Golden Age.

Chapter 538 Collective Ascension to Heaven
Shirakawa Kaede was not surprised at all that Takahashi could accept the conditions he proposed.

He knew that EIE was at the end of its rope at this time. If it did not find a source of funding, an avalanche would be waiting for it.

After Takahashi becomes the chairman of the second credit group, will he misappropriate funds to fill the vacancy of EIE?
To be honest, Bai Chuanfeng was not worried at all about this matter.

When a person is on the verge of despair, he will grab everything around him.

At this time, putting the second group of credit under his mouth was like throwing a piece of bloody meat in front of a tiger that had been hungry for three days.

He would definitely pounce on it without any hesitation. He would almost starve to death. What consequences would he care about?
The same is true for him with Changxin Bank. Since the other party has given up on EIE, Takahashi doesn't care about breaking up with the other party.

Hence the current scene, where Takahashi, who was like a mad dog, told everything about the matter with the Ministry of Finance.

He has only one goal now, which is to raise funds for EIE to tide over the difficulties.

In fact, this amount of money does not need to be too much, several hundred billion yen is enough, and Hokuto Bank can afford it.

But will Bai Chuanfeng provide the money?Don’t even think about it!

EIE's fate was sealed; it died last year.

Even if there is a second team of credit to do the life-sustaining spell in the future, it will just be a flashback.

And what will happen to Takahashi who embezzles funds?

The Tokyo Metropolitan Police Department and the Special Investigation Department are waiting for him, and stepping on a sewing machine is his final destination.

Although EIE is finished and Takahashi will go in, they have helped Shirakawa Kaede accomplish one thing.

That is to push Changyin further into the abyss, soon, soon~
There is no doubt that with Takahashi's personal appearance, Changyin's previous denial is self-defeating.

Horie, the head of Nagasaki Bank who was severely slapped in the face, had to take the blame and resign.

Faced with wanton ridicule by the media, Changyin's stock price has reached a dangerous level of 200 yen.

What's even more terrible is that as land prices continue to fall, Changyin's bad debts are also increasing.

In times of extreme crisis, Changyin could only seek help from the Ministry of Finance.

As a former special bank that still carries the pedigree of state-owned assets, the government will indeed not sit back and watch Changyin collapse.

Therefore, Congress established the "Changyin Relief Group" to prepare an analysis of Changyin's non-performing assets.

However, facing the government's investigation, Changyin only produced the information he had specially prepared for the Ministry of Finance.

In line with the belief that "Chang Bank must not be allowed to fail," the Ministry of Finance has allocated 2.8 trillion yen in special funds to ease the pressure on Bank of China from bad debts.

The funds were disbursed quietly, with no deliberate public reporting.

Because at this time, banks large and small in Neon had more or less bad debt problems.

At this time, the Ministry of Finance saved Changyin, but should other banks be saved?
You must know that the "myth that banks cannot fail" is a creed that the Ministry of Finance tries its best to maintain.

Therefore, Changyin needs to be rescued, but in a low-key manner.

With a big boost from the Ministry of Finance, Changyin seems to have temporarily lost the pressure of bankruptcy.

However, Bai Chuanfeng and the others were not in a hurry at all. These were all within Beidu Bank's expectations.

As for Changyin, one of the three major banks, the government will not sit idly by.

To achieve the ultimate goal, the road still needs to be walked for a while.

Of course, Beidu Bank was not idle during this period. While its peers were in the quagmire, Beidu Bank was flexing its muscles.

Aren’t other banks running out of cash?Come to my place in Beidu.

As long as there is no problem with the company's risk control review, Beidu Bank will have plenty of funds.

Look, Toyota not long ago is the best advertisement.

It’s just hundreds of billions of yen, so sprinkle it on~
As a city bank, Beidu Bank not only faces consumers, but also corporate financing loans.

Tokyo Electric Power, Nippon Steel, Toshiba, etc., these super-first-class companies have gradually begun to cooperate with Hokuto Bank.

Because of prudent investment in real estate, Beidu Bank has a large amount of cash flow.

Among them, depositors’ deposits account for the bulk, including corporate depositors and individual depositors. This part of the fund alone exceeds 8 trillion yen.

Coupled with Baichuan Holdings' own assets, Beidu Bank can use more than [-] trillion funds.

Only by spending such a huge amount of cash flow can we create wealth.

Therefore, with Beidu Bank's successive moves, its status among urban banks has skyrocketed.

Especially now, the public has a surprisingly good impression of Beidu Bank.

Because according to the financial reports released by the latter, it has never invested in real estate on a large scale.

In other words, Beidu Bank is not the culprit behind the soaring land prices.

It is just an ordinary bank that does financial business in a down-to-earth manner. This prudent style is very suitable for the neon people who have washed away their glory.

The bubble has burst and the land myth has become a joke.

At this time, what the public needs are solid and reliable banking institutions, not opportunistic vampire banks.

With the superposition of these two layers of buffs, Beidu Bank has even experienced reverse growth in business.

At a time when the financial industry is in recession and scandals are rife, it is rare to find a reliable and secure bank.

However, in order to fight for fame, this is not over yet.

In September, Beidu Bank announced that it could provide "special loans" to ordinary families who only have one house under their name.

The so-called special loan refers to providing intermediate working capital for those families who are unable to repay high mortgage loans, and the interest rates are extremely low.This welfare measure was originally established only for members of Shirakawa Holdings.

As the property market collapsed, countless people suffered.

During the bubble era, there were many people under the Shirakawa Group who were speculating on real estate.

Now that land prices have plummeted, those families who took over the land at a high position have instantly fallen into financial constraints.

Various corporate welfare bonuses have been greatly reduced, but ultra-high loans are still there.

The employees are already struggling to cope with the loan every month, not to mention they have families behind them.

So in order to appease their employees, and also to establish the corporate image.

Shirakawa Electric was the first to announce a "special loan" for employees living in a house.

Beidu Bank will come forward and use the employees' salaries as guarantee, and a sum of cash will be directly transferred to the employees' mortgage accounts every month.

In this way, the money that employees need to pay themselves will be reduced a lot, and the pressure will be reduced a lot.

Of course, their monthly salary will be a little less, and the shortfall will be used to pay the interest of Beidu Bank.

However, compared with the greatly reduced lending, the reduced salary is insignificant.

After two months of trial operation, this measure has been extended to all subsidiaries of Shirakawa Holdings.

Unsurprisingly, since the "special loan" was introduced, the loyalty of employees has directly reached a new level.

Now in order to establish the image of Beidu Bank, this measure will also be promoted to the society.

Of course, considering financial issues, the number of places that can apply for special loans is limited each month.

Not only that, the review will be relatively strict, at least a stable job is an essential condition.

But no matter what, this can definitely be called good governance, especially in neon where the financial tsunami is raging.

This move of Beidu Bank was not only praised by the media as "the ark in the tsunami", but the Neon government also singled out Beidu Bank for praise.

Strong financial resources, sound and reliable business policies, and good governance established with consideration for the people.

Look at these, they are simply the White Lotus in the banking industry, the peerless Virgin!
With this wave of fame, Beidu Bank has made a fortune.

Looking back, what about Changxin Bank?
With strong support from the Ministry of Finance, its business situation has not improved at all in the past few months.

The capital injection of 2.8 million yen seemed to be in vain, and there was no sound at all.

By the end of the year, there seemed to be no change in non-performing assets in Changxin’s publicly disclosed financial reports.

The Ministry of Finance, sensing something unusual, began to request a working group to be stationed in Changyin.

But Changyin was either trying to push the envelope or simply not replying.

Just when the Ministry of Finance was preparing to take further measures, the preliminary trial of the Yeshan incident, which had been tried for more than a year, was finally completed.

Let’s not talk about Fuji Bank. Those who are squatting are squatting, and those who are suspended are suspended.

Kawamura, who attended the last meeting with Shirakawa Kaede and others at Industrial Bank, has been directly arrested.

At the same time, the "Ogami Goddess" did not escape her fate and has been officially taken into custody by the Osaka police.

According to data released by Tokusou, personal loans as of the end of 90 reached 2.7 trillion yen.

Osaka Prefecture's annual budget is only 1.1 trillion, and Oue's borrowings are more than twice that.

These huge debts only generate more than 1 million yen in interest every day, while Oue's own assets are only over 2000 billion yen.

If nothing unexpected happens, Industrial Bank and First Financial Bank will all suffer huge losses.

There are already enough bad debts due to the collapse of land prices, and now there is another one.

The financial situation of these two banks is not good, maybe it is Changyin again.

And because of their interest transfer relationship with the General House, Daiichi Bank, Nomura Securities, Yamaichi Securities, and Sanwa Bank were all arrested.

A total of three presidents, seven presidents, ten executive officers, and eleven ministers were sentenced and fined.

It can be said that almost all the top leaders of the financial industry were wiped out, and Neon's bank credit crisis broke out for the first time.

Because so many people are involved, public distrust of banks and financial institutions has intensified.

Even in the eyes of some extreme people, the banking industry is to blame for the collapse of the neon property market.

Bad debts and non-performing assets have already overwhelmed banks, and now we are facing a credit crisis.

Under the double blow, signs of collapse have appeared.

Maybe there seems to be something abnormal on the outside now, but the thunder secretly is becoming more and more exposed.

Sensing the anomalies in the financial industry, the Ministry of Finance also panicked.

If the financial industry collectively ascends to heaven, then the Ministry of Finance will also exist in name only.

In order to prevent the situation from deteriorating further, the government is preparing to convene Congress again as a last resort.

The object of this discussion is, how to save the banking industry and eliminate hidden dangers?
In less than half a year, first it was Changyin, and this time it was the entire banking industry.

The situation is changing rapidly, which is really overwhelming.

By the way, talking about Changyin.The Ministry of Finance is not prepared to delay its investigation any longer.

(End of this chapter)