Rebirth of the Financial Crisis Sweeping the World

  Chapter 312 312 heavy! Settlement gains 1.09 billion U.S. dollars!

  In the black shirt insurance company, Wang Guanxi and others are drinking tea.

  Wu Zhanhai came and said: "BOSS, all major media in Hong Kong want to interview us, let us reveal today’s short selling."

  Now the black shirt insurance is completely on fire.

  Although there was a financial war with the Hong Alliance, the Huang Consortium, and the Zheng Consortium before, it was only known to those who were concerned about the stock market and the audience financial market.

  After all, these people like financial news, while other people are not very impressed.

  Although I saw the report of the Black Shirt Insurance Company, I forgot it within seven days.

  The HSBC is different. Basically, there is no Hong Kong people who don’t know.

  Today’s news that the black shirt insurance company shorted HSBC, which caused HSBC’s market value to shrink by 400 billion, was headlined.

  The streets and alleys of Hong Kong know that, Hong Kong media want to come to interview.

  Because the Black Shirt Insurance Company did not comment, HSBC Bank did not comment.

  So the media want to confirm it in person.

  Wang Guanxi said indifferently: “Don’t accept any interviews. When asked by the media, we neither deny nor admit it.”

  Now the black shirt insurance company does not allow it to be low-key.

  The news that HSBC’s market value has evaporated by HK$400 billion today is a shock to Hong Kong. No one cares about their pocketbooks.

  In addition to HSBC's announcement of dividends, everyone's eyes are on HSBC.

  The initiator of the evaporation of 400 billion Hong Kong dollars is the black shirt insurance company.

  However, Wang Guanxi will not veto it, and of course he will not admit it. Let them guess, speculate, anyway, various versions of things will appear.

  "Yes, BOSS" Wu Zhanhai hurriedly left to deal with follow-up matters.

   Then Wang Guanxi put down the tea cup and ordered: "The HSBC bank incident is temporarily over. We have won, and we just need to wait for the financial crisis to intensify."

  "The focus now is on Midland Bank, and Bank of America Corporation"

  "Get ready, the U.S. stock market opens tonight, and the Black Shirt Investment Bank may close its position. Then it will mobilize funds to short Bank of America Corporation!"

  Now Wang Guanxi has no excess funds to short Bank of America Corporation.

  All the funds that can be mobilized have been mobilized.

  The No. 1 Fund is shorting 60,000 lots of the Hang Seng Index, with a position of 19,950. The Hang Seng Index currently closes at 17,950, with a floating profit of 2,000 points and a floating profit of 6 billion Hong Kong dollars. The net value of the account is 12.5 billion Hong Kong dollars.

   Fund No. 2 shorted 5 million shares of Citibank, with a position of US$213 per share. The current Citibank stock price closed at US$230 per share last night, with a floating loss of US$85 million and a net account value of US$945 million.

  No. 3 Fund shorted 100 million shares of Wells Fargo Bank, with a position of 40 US dollars per share. Wells Fargo’s stock price closed at 36 US dollars per share last night. The account temporarily floated a profit of 400 million US dollars, and the net value of the account was 3.8 billion US dollars.

At present, Blackshirt Investment Bank holds a long list of 200 million shares of Midland Bank, with a position of 1.5 US dollars per share. Midland Bank’s stock price closed at 3.9 US dollars per share last night, with a floating profit of 480 million US dollars on the book, and the net value of the account is as high as 780 million US dollars.

  The focus of Wang Guanxi tonight is to pay attention to the stock price of Midland Bank.

  Close positions at any time!

  Then look at the stocks of Bank of America and short Bank of America at any time.

   "Yes, BOSS!" Everyone was very excited.

  Then everyone went to the restaurant of the Empire Hotel.

Pan Zheng, the president of Asia Standard Hotel Group, was personally accompanied by him, and he was also preparing to prepare special dishes for Wang Guanxi.

  "BOSS, this is Songjiang perch from the mainland. Would you like to make perch for you tonight?"

  Currently, the Empire Hotel, a subsidiary of Asia Standard Hotel Group, prepares a variety of food for the senior executives of the Black Shirt Group.

  This Songjiang perch is produced under Ximenwai Bridge, Songjiang County, Lu City, and is a specialty of Songjiang.

  It has been well-known throughout the country since the Wei and Jin Dynasties. Its meat is tender and fat, fresh and not fishy, ​​without fine burrs, and has a delicious taste. It is one of the more delicious wild fish and one of the four famous Chinese fish.

  "Four big fish?" Wang Guanxi said with satisfaction: "Let's go, go and see!"

  Then everyone came to the tank for storing bass.

  This Songjiang perch is fusiform, about twelve centimeters long, and weighs less than two or three cities. It is rumored that the famous dishes made with perch include perch glutinous and perch soup, which are known as the "Southeast Delicacy".

  Wang Guanxi personally picked up one, and after careful tweeting, he said: "Old Pan, I will eat it tonight!"

  “It’s the BOSS” Pan Zheng hurriedly arranged for the chef team to start making sea bass soup and sea bass soup.

  Wang Guanxi and others came to the special box and started drinking tea.

  About half an hour later, the delicious sea bass soup and sea bass soup are served, and of course there are plenty of dishes.

  Everyone is enjoying the food while discussing the economic and financial situation.

  Because the previous rescue plan of 700 billion US dollars was rejected, a new rescue plan was launched, but it is still under discussion. Recently, the global financial market has been turbulent.

  The news is also heavily rendered.

  【President Bush and Congress leaders lobby for the rescue plan】

  [The US Senate passed the Bush administration’s new 700 billion dollar rescue plan by a vote of 74 to 25]

  【The U.S. House of Representatives voted on the new plan as early as Saturday morning, Hong Kong time】

  The US Senate passed by a vote of 74 to 25 the new version of the $700 billion rescue plan proposed by the Bush administration.

  Under the mediation of many parties, the rescue plan was revised, some tax reduction measures were added, and the upper limit of the federal deposit insurance amount was raised from the current 100,000 U.S. dollars to 250,000 U.S. dollars.

  After the plan is approved by the Senate, it is expected to be submitted to the House of Representatives for a vote in the early hours of Saturday morning Hong Kong time.

  Wang Guanxi couldn’t help but said: “Maybe there will be big volatility in the financial market tomorrow Friday night.”

  Huang Shaokai: "Yes, BOSS, I don't think the new version of the rescue plan will be passed."

   Wu Zhankun: "The Senate passed it, but the House of Representatives can still dismiss it."

  Zhang Dexi: “Maybe the House of Representatives passed it, but the rescue effect is not good”

  Wang Juehao: “Yes, maybe everyone has no confidence in the economy anymore. Although the rescue plan is passed, it may not necessarily restore the confidence of investors.”

  Bai Weiqiang: "Yes, the financial crisis is intensifying now, but it will not be solved so easily"

  Wang Guanxi smiled and said: "It is true. Now we are shorting the Hang Seng Index, Citibank, Wells Fargo, HSBC. If the financial crisis intensifies, the global stock market will also fall for several months!"

  The financial crisis has indeed begun, but it has not yet intensified completely, nor has it reached its most serious moment.

  At this time, a message came again.

  [Soros said the rescue plan has little effect and calls on the government to buy shares in financial institutions]

  Wang Guanxi said: "This Soros must be bargaining at some financial stocks!"

  The Soros Quantum Fund is also an old rival of the Black Shirt Insurance Company in the financial market. It has fought against Lehman Brothers and also fought against the Bank of America.

   Wu Zhanhai also said: "I don't know which financial stocks Soros Quantum Fund has bought?"

  Li Guangyu: “There should be Wells Fargo Bank, Citibank”

  Wu Hongsheng: "There is also HSBC Bank, Bank of America Corporation"

  Guan Zhenyi also said: “The financial stocks that we short sell, maybe Soros is buying bottoms”

  Lu Jianyan: "It must be the case. Soros may really buy a lot of bank stocks."

  Lin Jiyang also said: "The financial crisis is getting more and more serious. Wouldn't it mean that Soros will be killed."

  Ryan Smith also said: "It is also possible that Soros is helping other big financial institutions to speak out."

  Wang Guanxi ate a piece of perch meat and said, “I hope Soros will not stand in our way and get ready to close the position on Midland Bank tonight!”

  At this time, Wu Zhanhai read a piece of news, and suddenly shouted excitedly: "BOSS, big news!"

   "Ahaha, this time the people who killed the Black Shirt Alliance will be over!"

   "Heavy!"

   Then everyone hurriedly checked the news.

  The big news just came out!

  Wall Street Journal: [Wells Fargo Announces Acquisition of Midland Bank]

  Wells Fargo and Wachovia Bank announced an agreement on a US$15 billion merger and acquisition plan.

  This merger and acquisition case gave the market a clear view of Wells Fargo’s strong economic strength and its determination to expand the company’s business in the eastern United States.

  This bold move frustrated the deal between Wachovia and Citigroup.

  Last Monday, Citigroup agreed to acquire the banking and mortgage business of Midland Bank.

  In this transaction facilitated by the Federal Deposit Insurance Corporation of the United States, Citigroup agreed to acquire the aforementioned department of Midland for $2.1 billion.

  Med Union Bank also stated that it has conducted negotiations with Citigroup under the supervision of the Federal Deposit Insurance Corporation, and the transaction is expected to receive assistance from the US government.

  Wells Fargo announced its preparation to exchange shares of Wachovia Bank at a ratio of 0.1944 to 1.

  Calculated on the basis of Wells Fargo’s closing price of US$36.01 on Wednesday, the bid for Midland Bank’s acquisition is equivalent to US$7 per share, while on Wednesday, the closing stock price of Midland Bank was US$3.91.

  The CEO of Midland Bank, Robert Steele, said that the merger with Wells Fargo does not require government support, which helps the company maintain its integrity and better reflects the value of Midland Bank as a complete company.

  According to the information provided by people familiar with the situation, Citigroup executives expressed regret for the news.

  It is reported that Wells Fargo joined the pursuit of Midland Bank after learning about Citigroup’s acquisition plan.

  In addition, Citigroup’s acquisition terms do not include liquidated damages, otherwise Midland Bank will have to pay a heavy price for interrupting its cooperation with Citigroup.

Wells Fargo, headquartered in San Francisco, is one of the largest mortgage insurance companies in the United States. Because it did not take over the high-risk loan business that brought down its peers and other financial services companies, the company collapsed in the real estate market and followed. Survived the credit crisis of China.

  Wells Fargo announced that it is ready to transfer the troubled assets of Midland Bank to its own balance sheet at a cost of 10 billion U.S. dollars, and at the same time issue 20 billion U.S. dollars of securities to improve its balance sheet.

  Made Union announced that its board of directors has approved Wells Fargo’s acquisition proposal.

  The agreement between Midland Bank and Wells Fargo is different from the earlier merger of Washington Mutual and Morgan Bank in that the merger between them was not carried out under the coordination of the Federal Deposit Insurance Corporation.

  Wells Fargo’s acquisition of Midland Bank is obviously beneficial to the Federal Deposit Insurance Corporation, because in this way, the latter will no longer have to provide protection for Citibank’s losses due to the US$312 billion in troubled assets of Midland Bank.

  Among these huge amount of problematic assets, there is a selective floating rate mortgage of more than US$100 billion received by Wachovia Bank when it acquired GoldenWest Financial during the housing boom in 2006.

  After the transaction is completed, Wells Fargo will receive US$448 billion in bank deposits from Midland Bank.

  This deposit will become its stable source of funds.

  The bank announced that after the merger of the two companies, its business scope will cover 10,761 regions in 39 states in the United States.

  The new Big Mac Bank was born.

  With this acquisition of Midland Bank, Wells Fargo will become a financial giant with assets of US$1.3 trillion!

  Wang Guanxi and others collectively boiled.

   "Haha, Wells Fargo has acquired Midland Bank!" Wu Hongsheng said with great excitement: "I was worried that Midland Bank would fend for itself before it was finally acquired."

  At that time, the Black Shirt Investment Bank was about to go bankrupt at the time when the Bank of the United States was about to go bankrupt, and it bought the stock of the Bank of the United States.

  200 million shares!

  If the bottom-hunting fails and Midland Bank goes bankrupt, the Black Shirt Investment Bank will lose everything.

  The mortgaged Heishan International Trust Company, Heishan Leasing Holding Company, and Heishan Hotel Group will all be taken away by the three major banks in India.

  Now that Midland Bank has finally been acquired, it is still a premium acquisition!

  Li Guangyu was very excited: "When you count it, that is the purchase price of 7 US dollars per share, haha, how much is the premium? I do the calculations, um, I really want to buy at a premium of 79.4%."

  The stock price of Midland Bank closed last night at US$3.9 per share, and Wells Fargo’s acquisition of Midland Bank at a share price of US$7 per share was really impressive.

Wu Hongsheng laughed: "This time the Black Shirt Investment Bank has made a huge profit. Our bottom-end position is 1.5 US dollars per share. Now Wells Fargo has acquired Midland Bank at a price of 7 US dollars per share, which means that we will earn a profit per share. 5.5 dollars

  When the stock price of Midland Bank collapsed, the Black Shirt Investment Bank boldly bought the bottom of the stock of Midland Bank, and the bottom position was 1.5 US dollars per share.

  Now Wells Fargo has announced the acquisition of Midland Bank at a price of $7.00 per share. When the US stock market opens, the stock price of Midland Bank will immediately soar to $7.00 per share.

  Guan Zhenyi also said: "This time the people of the Blackshirt Alliance will be terrible, haha, I hope they don’t cry"

  Black Shirt Alliance, namely Daoheng Securities, CLSA, Yiqun Securities, Dongying Securities, Daly Securities, Gaoxin Securities, Fengnian Securities and other seven companies.

In the past, Yiqun Securities, Dongying Securities, Daly Securities, Gaoxin Securities, and Fengnian Securities jointly shorted Midland Bank. At that time, I asked Heishan Investment Bank to borrow 200 million shares to go short. Needless to say, I have to lose money. dog!

Lu Jianyan: "Li Songwei, You Zhenxuan, Jiang Jiwei, Yue Runlin, and Ju Debiao are really finished. Last time they tricked us and sold Huiming Credit Group to Indian Overseas Bank and mobilized a lot of funds? Haha, now they want it all. Go in at a loss!"

  Before, everyone had negotiated the terms of the acquisition, that is, the acquisition of Huiming Credit Group at the market price, and the lawyers of the Black Shirt Legal Company passed.

  But suddenly the Huiming Credit Group was sold to the Indian Overseas Bank, the enemy of the Blackshirt Group, by the Li family, Youjia, Jiang family, Yue family, and Ju family!

  At that time, everyone was very angry. Now the money invested by the Li family, You family, Jiang family, Yue family, and Ju family will all be lost.

  Lin Jiyang also gloated: “Their five families will lose more than HK$8.5 billion on Midland Bank.”

This time, Yiqun Securities, Dongying Securities, Daly Securities, Gaoxin Securities, and Fengnian Securities jointly shorted Midland Bank, totaling 200 million shares. The position to open a position is near 1.5 US dollars per share, and Wells Fargo bought Midland The price is $7.00 per share.

  So, the five securities companies will lose 5.5 US dollars per share. If 200 million shares are used, it is 1.1 billion US dollars, which is 8.525 billion Hong Kong dollars.

  Ryan Smith also said: “They are really unlucky. This is a surprise for the acquisition of Midland Bank.”

  To be honest, he had been worried about the bankruptcy of Midland Bank, like Lehman Brothers and Washington Mutual Bank. He did not expect Wells Fargo to suddenly announce the acquisition of Midland Bank.

  As the enemy of the black shirt investment bank, these five securities companies suffered terrible losses this time.

   "I don't know if you will call us to negotiate?"

  Negotiated once before. At that time, BOSS said that the price was $5.00 per share, but Li Songwei, You Zhenxuan, Jiang Jiwei, Yue Runlin, and Ju Debiao disagreed.

   "They should regret that they are all green now, right"

   "Haha, they are probably coming to beg us again"

  Wang Guanxi put down the small fork and said: "If they call to negotiate, then $7.00 per share, don't bargain with them!"

   "It's the boss!"

  ··

   Kill the Black Shirt League at this moment.

  Jiao Xiongbing of Daoheng Securities, and Adolf Roguli of CLSA, their faces were extremely solemn.

  Wells Fargo announced that it would acquire Wachovia Bank at a price of $7 per share. For them, it was a huge blow to their hearts.

   "This time the Black Shirt Investment Bank has made money again!" Jiao Xiongbing's hatred in his heart, this Black Shirt Investment Bank made at least 7 billion Hong Kong dollars this time, which is simply maddening him.

   “This Wells Fargo Bank suddenly announced the acquisition of Midland Bank, which will make the Black Shirt Investment Bank at least 8 billion Hong Kong dollars.” Adolf Roguli was indescribably jealous.

   Dao Heng Securities and CLSA previously spent HK$5 billion to do long Hang Seng Bank, buying a total of 61 million shares of Hang Seng Bank, with a position of HK$81.96 per share.

  And today, Hang Seng Bank’s share price has fallen to 76 Hong Kong dollars per share, a floating loss of 360 million Hong Kong dollars.

  It's so quilted.

  And the Black Shirt Investment Bank is actually going to make a lot of money again.

  In this contrast, the hearts of the two are extremely imbalanced.

Li Songwei of Yiqun Securities, You Zhenxuan of Dongying Securities, Jiang Jiwei of Dali Securities, Yue Runlin of Gaoxin Securities, and Ju Debiao of Fengnian Securities were all scared to death.

  This time, Midland Bank unexpectedly announced the acquisition of Midland Bank for $7 per share!

  They previously concluded that Midland Bank would follow the lead of Lehman Brothers and Washington Mutual Bank. At that time, they asked the Blackshirt Investment Bank to borrow 200 million shares of Midland Bank to sell short.

  The position to open a position is 1.5 US dollars per share. The current acquisition price of 7 US dollars per share means a loss of 5.5 US dollars per share, and 200 million shares, which is US$ 1.1 billion.

   "It's over, we're over." Li Songwei was distraught.

   "Damn it, why is this? Why!" You Zhenxuan was anxious.

   "We are going to die this time, ah!!!" Jiang Jiwei held his fist in tears, hating it in his heart!

  "What should I do? As soon as the U.S. stock market opened, no one would sell the shares of Midland Bank. Only someone would buy it until it rushed to 7.00 US dollars per share." Yue Runlin looked at the news with an earthy face.

"As soon as the U.S. stock market opens this time, the stock price of Midland Bank will keep going up, and we can't close our position. There are basically only buying orders in the market. There are not many buying orders. There are 200 million shorts in our account. What about Shanzi?" At this point, Ju Debiao was horrified.

  At this moment, everyone is too frightened, and their souls are flying away!

   After a long silence, Li Songwei lamented: "Call the Heishan Investment Bank for settlement."

  You Zhenxuan asked disappointedly: "Can this black shirt investment bank agree to it?"

  Jiang Jiwei urged: "Call and ask first."

Yue Runlin regretted it and said: "The boss of the Black Shirt Investment Bank said that the settlement would be US$5. We do not agree. Now, alas, Wells Fargo Bank purchased Midland Bank at a price of US$7 per share. If we agreed to the Black Shirt Investment Bank 5 The settlement price in U.S. dollars is fine."

  Ju Debiao also said with great regret: “Yes, at that time, we agreed to the settlement price of $5, and we still had $100 million left in our account at that time.”

  "What about now? We sold Huiming Credit Group and filled in another $200 million in vain. We still have to lose money."

  Speaking of this, everyone's intestines are all blue with regret.

   Then Li Songwei called Wu Zhanhai, the vice president of Heishan Investment Bank, and said that the settlement was to be settled at a settlement price of $6.

  Of course, this is impossible. The Black Shirt Investment Bank directly stated a settlement price of 7 US dollars.

  Wang Guanxi said coldly: "Wells Fargo has announced the acquisition of Midland Bank at a price of 7 US dollars per share. How good is it that I wait for Midland Bank to be officially acquired?"

   "I will directly close the position at $7.00 per share and sell it to Wells Fargo!"

  "Mr. Li Songwei, do you think of us as fools? Want to settle at a price of 6.5 US dollars per share? You are simply dreaming!"

  Li Songwei was extremely embarrassed, and said: "Mr. Wang, how about the 6.8 dollars per share? We will settle the 6.8 dollars per share immediately, and you won’t have to sell the stocks anymore."

  Wang Guanxi thought for a while: "You can consider the settlement price of US$6.95 per share."

  Li Songwei, You Zhenxuan, Jiang Jiwei, Yue Runlin, and Ju Debiao thought for 10 minutes and agreed to the terms of the Heishan Investment Bank.

   6.95 US dollars per share settlement, and at the same time exempt the interest of five securities companies.

  The five securities companies lost US$1.09 billion, and there are US$10 million left in the account, a loss of 90.9%

   While the Black Shirt Investment Bank made 1.09 billion US dollars, the principal was 3.03 US dollars, and the net account value was 1.42 billion US dollars.

  In this battle on Midland Bank, the Black Shirt Investment Bank can be described as a big victory!

  (End of this chapter)