Hong Kong Giant Owl: Rebirth

Chapter 893
No one would have thought that the development of Elson Bank would become what it is now. It can be said that the turn of events was unexpected.Originally on the verge of bankruptcy, depositors had to go inside to withdraw their deposits, and Elson Bank was about to become a victim of the dollar crisis just like the original history.

No company or investor valued Elson Bank, a private bank with no competitiveness and huge capital losses, but when Elson Bank was about to file for bankruptcy, an unknown fund filed a lawsuit against it. acquired.

This fund is the "Zeus Fund".

To the astonishment of all those who paid attention to Elson Bank, the "Zeus Fund" used nearly [-] million US dollars to absorb the stocks of Elson Bank circulating in the market at a low price, and acquired all the shares in the hands of shareholders. After such a move, the "Zeus Fund" owned nearly [-]% of the shares of Elson Bank and became the largest shareholder of Elson Bank.

Later, the "Zeus Fund" gradually acquired all the shares from the original shareholders of Elson Bank.

In the end, Elson Bank, whose highest market capitalization once reached US$18 billion, was fully acquired by the "Zeus Fund" at a price of more than 6 million but less than [-] million when it was on the verge of bankruptcy.

In the process of "Zeus Fund" acquiring Elson Bank, no one was optimistic about the move of "Zeus Fund", because in the eyes of many people with investment knowledge, Elson Bank has become a half-dead bank .The failure of the investment in US dollars not only caused them to lose huge funds, but also caused a lot of bad debts, and the trust of the customer group in them also dropped to the lowest point since the opening.

Even those big crocodiles who are keen to speculate on stocks will not take a fancy to Elson Bank, because it will take a huge amount of money to re-speculate Elson Bank, not to mention that the profits that can be obtained are not much. This kind of thankless thing is not something capitalists who pursue profit maximization will do.

And "Zeus Fund" also became famous in the process of acquiring Elson Bank. This little-known fund was able to spend nearly [-] million yuan to acquire Elson Bank. Among the many funds on Wall Street , its strength can be considered very strong.

After the acquisition of Elson Bank, the "Zeus Fund" did not attack the middle and low-level employees, but substantially cut down the executives at the decision-making level, especially the former chair of Elson Bank's investment in US dollars, which caused Elson Bank to be on the verge of Those who went out of business.

Then, "Zeus Fund" selected a group of management talents through headhunting companies to re-enrich the management of Elson Bank. The "Zeus Fund" only replaced the management and did not move the middle and low-level employees, but it stabilized the middle and low-level employees who were in panic all day long and were afraid of losing their jobs, and did not let Elson Bank change owners. produce too much vibration.In addition, the new management also rewarded middle and low-level employees, allowing them to receive huge bonuses.

As for those customers who want to withdraw their deposits, Elson Bank, which is supported by the "Zeus Fund", also cashed them in full.After the "Zeus Fund" paid another [-] million US dollars, those customers were finally relieved, and the number of people who wanted to withdraw their deposits was also greatly reduced.

These actions are not enough to make the public surprised by the "Zeus Fund" or Elson Bank. After all, the phenomenon of "one emperor and one courtier" is not unique to China.

But after the "Zeus Fund" stabilized the situation of Elson Bank, the next move was very surprising, because Elson Bank then launched a new loan service-subprime loans.

Through the overwhelming propaganda of major radio stations and newspapers, people quickly understood what subprime loans are.

Elson Bank classifies different customers according to different credit ratings. Customers with stable income sources and good credit are high-quality loan customers, while customers with unstable income and debts themselves are sub-standard loan customers.

Other banks or loan companies are very strict on the review of such subprime loan customers, and it is very difficult for them to obtain loans, because these people with unstable incomes are less capable of repaying loans, and other banks and loan companies are unwilling Take the risk.

As for the subprime loan service of Elson Bank, the approval for these subprime loan customers is much looser, but the interest rate is higher.In addition, the subprime loans provided by Elson Bank are only for customers who purchase mortgages.In other words, you can only get this subprime loan from Elson Bank if you buy a house.

Although the interest is relatively high, the subprime loans launched by Elson Bank are still very attractive to those in the low- and middle-income class.Because the real estate market in the United States is generally optimistic, just like Elson Bank’s propaganda, if customers really can’t repay their loans, they can sell their houses to pay off their debts.

Moreover, for customers of these subprime loans, the repayment pressure in the first one or two years is very small.

At the beginning, many people did not believe that this kind of subprime loan would be so good. However, some people who wanted to try it went to Elson Bank for consultation and signed a contract. After getting the loan, it immediately caused a sensation.

The original depositors of Elson Bank are some low- and middle-income people, and their information is also archived by Elson Bank. Therefore, the subprime loans launched by Elson Bank provide convenience and preferential treatment for these old customers.

Soon, the number of people who came to Elson Bank to apply for subprime loans increased in a straight line, which was very popular.

The subprime loan made Elson Bank a very sensational event in Wall Street and even the American financial circle, and Elson Bank also became the most famous bank recently with its subprime loan, and its business also appeared. New highs, even better than the previous ones, followed by rising stocks.

However, the rise of Elson Bank's stock is only a numerical increase, because all the circulating stocks are in the hands of "Zeus Fund", and they have not sold them, so Elson Bank's stock is priceless. city.

In just one month, Elson Bank was reincarnated from the dead, and experienced a course of ups and downs, and everyone was amazed at its turnaround.

However, the top and bottom of Elson Bank, including those newly recruited management personnel, did not know that their behind-the-scenes boss was actually Qin Haoran. They only knew that the boss of Elson Bank was "Zeus Fund".The subprime loan plan was also directly issued by the "Zeus Fund" to Elson Bank, and all employees of Elson Bank followed the instructions.

"Sir, you are really amazing. In just one month, you brought Elson Bank back to life."

In the office of "Zeus Fund", Douglas said to Qin Haoran in admiration.

He also didn't expect that Qin Haoran would really want to run such a bank. Originally, Douglas thought that even if Qin Haoran wanted to run Elson Bank, it would be impossible for it to recover so quickly.

However, it took Qin Haoran just less than a month to turn the originally lifeless Elson Bank into the hottest bank on Wall Street.Now that other banks are watching, they can of course follow the example of Elson Bank in launching subprime loans.

However, the premise of subprime loans is that the real estate industry in the United States must be optimistic. Although the real estate industry in the United States has been rising for several years, those banks have not blindly overestimated the prospects of the real estate industry. Not determined to take this risk.

So now there is only one bank in the United States, Elson Bank, that provides subprime loan services, so those low- and middle-income people who originally wanted to buy a house but couldn’t get a loan all flocked to Elson Bank to apply for subprime loans. .

The huge customer base brings huge financial pressure.If Elson Bank wants to lend to these people, it has to provide huge funds itself.However, Qin Haoran used the original deposits of Elson Bank for these funds, which have been sufficient until now.

When there is a real shortage of funds, Qin Haoran can borrow from other banks, or sell the outstanding shares of Elson Bank to raise funds.

And when the number of subprime loan customers has accumulated to a certain level, Qin Haoran can package these mortgaged houses, and then they can be listed on the market to realize asset securitization.

At that time, as long as the US real estate continues to grow, Qin Haoran will be able to earn astronomical profits from the stock market.And this sub-loan concept can also carry out other various packaging operations, so as to earn more profits.

At this time, someone knocked on the door of Qin Haoran's office, and the person outside said: "Sir, Miss Christine wants to see you."

"Let her in." Qin Haoran said, and then looked at Douglas opposite.

Douglas knew that Qin Haoran had something to discuss with that Christine, so he immediately stood up and said, "Sir, then I'll go out to do something first."

After Douglas went out, he saw a beautiful woman in a black dress with a capable temperament walking in. It was Feng Chengcheng.

Feng Chengcheng closed the office door for Qin Haoran, and then smiled happily at him: "You are so powerful, I didn't expect you to really buy a bank and launch that subprime loan."

Qin Haoran took a look at Feng Chengcheng and said, "This month, you have been studying subprime loans and the market's reaction."

During this month, Qin Haoran was running Elson Bank in the United States, and Feng Chengcheng went back to Europe to arrange her gold mine business in South Africa, and was ready to come to the United States to help Qin Haoran manage the financial market.

(End of this chapter)