Rebirth of the Financial Crisis Sweeping the World

Chapter 384: 384CEO, Fund 2 is closed!

Chapter 384 384CEO, Fund 2 is closed!

Wang Guanxi said lightly: “They don’t understand banks, so just arrange for a financial officer to go there.”

Currently, there are no bankers in the Black Shirt Group system, although Lehman Brothers has Pastor Brandt and Willer Hess

Three executives from Lane Smith joined, but none of them are executives in the commercial banking field.

Wang Guanxi will not transfer Ma Tsai, who is unfamiliar with the commercial banking field, to Huntington Bank as a senior manager.

But the financial officer still has to be sent.

"Well, okay." Luo Baowen looked up at Jennifer Huntington, Jennifer Lawrence and the car that the mother and daughter were going away, and said: "Boss, do you like this Jennifer Lawrence?"

"Really planning to go to America to play with her in February?"

Speaking of this, Luo Baowen felt a little uncomfortable in her heart, and she couldn't restrain her sorrow.

Jennifer Huntington, Jennifer Lawrence and the mother and daughter stayed in Hong Kong for one night, and she was also accompanied throughout the whole journey.

I really don’t understand BOSS, why do you care so much about this humble Hollywood actress Jennifer Lawrence?

I feel worried when I look at her.

also talked a lot with Jennifer Lawrence, and the two chatted very speculatively.

How does this Jennifer Lawrence deserve the BOSS?

What is ?

Luo Baowen didn’t know why she was so uncomfortable.

At this time, Wang Guanxi looked at Luo Baowen’s jealous expression, guessing that Luo Baowen must be uncomfortable and jealous, so he smirked and asked, "Secretary Luo, you won’t be jealous?"

As Wang Guanxi grabbed Luo Baowen's waist, Luo Baowen stiffened and looked embarrassed.

Luo Baowen seemed to be really caught up in Wang Guanxi’s mind, so Wang Guanxi continued to ask: "Are you jealous?"

Speaking of Wang Guanxilou's hands on her waist slightly harder, Luo Baowen stepped on the place hard, her legs stretched straight to prevent herself from being held over.

I saw Luo Baowen say: "Boss, you should go to Lou Jennifer Lawrence"

Wang Guanxi smiled and said: "Her figure is indeed better than yours"

Luo Baowen almost died of anger when she heard it. Wang Guanxi actually said in front of her that she was not as good as Jennifer Lawrence.

This is 100,000 critical damage, which is extremely insulting to her figure.

She couldn’t block her chest, she couldn’t breathe up, her face flushed a little, she was a little angry and pushed Wang Guanxi away, saying: "Then don’t hold me, my body can’t stand your hands."

Wang Guanxi laughed and said, "Are you really jealous?"

Luo Baowen calmed down, took a deep breath and said, “How can I be jealous? This is your personal business, and it’s not in the scope of my work.”

Speaking, she took out a report and scanned it.

At this time, Wang Guanxi thought for a while and said: "By the way, go to an international headhunting. I plan to replace the chairman and CEO of Huntington Bank!"

"Yes, BOSS"

Then Wang Guanxi returned to the 10th floor of the center of the black shirt.

In the trading room, the traders of the black shirt insurance company, the black shirt hedge fund, and the black shirt investment bank are all busy.

The horses came one after another.

"BOSS!"

Wang Guanxi nodded, and said: "Arrange for three financial officers to go to Ohio, the United States, to be stationed at the headquarters of Huntington Bank!"

"The Huntington Bank executives will not be replaced for the time being"

"Wait until the international headhunting company finds a CEO, we will talk about it"

Currently is a period of severe financial crisis, Huntington Bank has also suffered a great impact. The senior management will not be replaced for the time being, and they will be replaced when the international headhunting company finds a suitable CEO.

"Yes, BOSS" everyone hurriedly went to the group to select three financial officers.

Wang Guanxi opened the financial statements of Huntington Bank and looked at it.

Currently, the total assets of Huntington Bank are US$56 billion.

The loan released was 41.09 billion U.S. dollars.

Hold bonds of US$4.384 billion.

Goodwill is 3 billion US dollars.

Fixed assets of US$520 million

Intangible assets of 350 million U.S. dollars

···

And the total debt is 50.3 billion US dollars.

Customers deposit 38.2 billion U.S. dollars.

Short-term borrowing of US$3.4 billion, which is a bit high.

Long-term borrowings of US$3.8 billion.

Other liabilities are US$4.9 billion.

And Huntington Bank lost nearly 300 million U.S. dollars this year.

"I hope it will get better next year"

The current financial crisis is still very serious.

A variety of financial institutions are exploding.

Especially the previous Wall Street scam Bernard Madoff scammed 65 billion US dollars, which made the financial world even worse.

The economy is getting worse and worse, and the global central banks have released water on a large scale. After entering the era of Great India speculation, the economy has recovered.

Wang Guanxi is still very confident in this commercial bank in Ohio.

At this time, Wang Guanxi's phone rang, and it was from Brian Schreiber, the head of AIG Group Asia.

After connecting, Wang Guanxi asked: "Mr. Brian Schreiber, what's the matter?"

On the phone, Brian Schreiber said, "Mr. Wang, I heard that you plan to find the CEO of Huntington Bank?"

He also worked at Huntington Bank in his early years, but was transferred.

At present, Wang Guanxi has become the new controller of Huntington Bank, and now the CEO and chairman of Huntington Bank are all members of the AIG Group.

Actually, AIG Group and its subsidiaries have deep cooperation with Huntington Bank.

It’s not good to change the top level at one time.

At that time, the deposits drawn by AIG Group ceased cooperation, and Huntington Bank would have to suffer a greater impact.

Wang Guanxi nodded: "Yes, I do have this plan. From now on, the CEO and chairman of Huntington Bank will be served by the same person. Hiring professional managers with high salaries, of course, can also be regarded as another kind of partner."

The purpose of this is to facilitate the dilution of the power of the AIG Group’s former senior executives at Huntington Bank, and to facilitate rapid control of Huntington Bank without affecting the operation of the entire Huntington Bank.

Brian Schreiber opened his mouth and said, "Mr. Wang, I am a little moved when you say this. I have a friend who once served as the senior chief executive officer of the Citizen Financial Group in Providence, Rhode Island. I have resigned and are traveling in Hong Kong..."

Providence is the name of a city in the United States. It is the capital of the US state of Rhode Island and the seat of the famous Ivy League private university, Brown University.

Citizen Financial Group is also a large financial institution in Providence. It is also famous in Rhode Island and is located in the United States.

The words can be considered awesome.

The Citizen Financial Group has insurance companies, commercial banks, investment banks and leasing companies, which are similar in nature to the Heishan Group.

Wang Guanxi asked: "What is your friend's name?"

Brian Schreiber said: "His name is Stephen Steinau and he has many years of commercial banking experience. You can rest assured that he is not a member of the AIG Group. I recommend him to you. I also want to Many friends, maybe Stephen Steinau is also the talent you need, Mr. Wang"

This Stephen Steinor is his good friend and a very capable person. He naturally hopes that his friend can join Huntington Bank. In this way, everyone can cooperate and trust each other in the future.

And it can also deepen the relationship with super-rich Wang Guanxi.

Wang Guanxi nodded and said, "Mr. Brian Schreiber, well, I will talk to Mr. Stephen Steinau, where is he in Hong Kong now?"

Brian Schreiber quickly said: “He is currently at the Grand Hyatt Hotel, Mr. Wang, do you have time tonight? Let’s have a meal together”

Wang Guanxi said, "Just now, let’s make an appointment for coffee."

"Okay, Mr. Wang"

At 4:30 in the afternoon, Wang Guanxi came to a cafe near the HSBC Building.

In the cafe, there are two men, one of them is Brian Schreiber.

Another man, in a black suit, brown hair, round face and tall body.

Brian Schreiber quickly introduced: "Mr. Wang, this is Mr. Stephen Steinau..."

"Hello, Mr. Wang, I am honored to meet a financial genius like you." Before Stephen Steinau came, he learned of Wang Guanxi's deeds from Brian Schreiber. It was incredible.

It is totally unimaginable.

Wonder among financial wizards.

really made him admire.

Wang Guanxi smiled and said: "It's so normal, it's really not a big deal"

Stephen Steinau and Brian Schreiber suddenly knelt to Wang Guanxi.

Can this be so-so?

Stephen Steno: "Mr. Wang, you are so young you are a super rich man, it is really rare in the world"

Brian Schreiber also said: "Mr. Wang, you can hardly find such an achievement in this world at your age."

Wang Guanxi smiled; "Sit, let’s have coffee and talk"

So everyone sat down and started talking.

Stephen Steinau was born in a wealthy family, but his father went bankrupt and has been working-study programs. He was admitted to Brown University, an Ivy League private university, and graduated with honors.

From 1992 to 2008, Stephen Steno held various administrative positions at the Citizen Finance Group in Providence, Rhode Island, mainly responsible for credit, risk management, wholesale and regional banking, consumer loans, technology and operations Wait.

He was appointed as president in 2002 and was appointed as chief executive officer in 2005.

Wang Guanxi asked: "Mr. Stephen Steinau, can you tell me the reason for your resignation from Citizen Financial Group?"

Stephen Steno thought for a while, and said: "My wife cheated on..."

"Huh?" Wang Guanxi was taken aback.

Talked, everyone shifted the topic to the financial field, and then talked to the major banks.

Stephen Steinau said: "The financial crisis is still intensifying now, and bank stocks have fallen miserably recently."

"I hold a lot of Citibank stocks, and I lost a few million dollars after closing out my position. This Citibank is really bad."

Wang Guanxi smiled and said: "I shorted a lot of Citibank, Wells Fargo, and Bank of America stocks!"

Stephen Steinor was taken aback and said: "Mr. Wang, you are really amazing. You shorted Citibank, Wells Fargo, and Bank of America. The stock prices of these three banks have fallen horribly recently. You should have made a lot of money?"

The financial crisis is getting worse. Citibank, Wells Fargo, Bank of America are all

Wang Guanxi smiled and said: “There is a lot of money floating on the book, and the position has not been closed. Tonight, Citibank’s short list may be closed.”

No.2 Fund, No.3 Fund, and No.4 Fund were shorting Citibank, Wells Fargo Bank, and Bank of America Corporation respectively. There were a lot of floating profits on the books, but the positions have not been closed.

However, Citibank’s stock price has fallen sharply. If it falls again tonight, it will be the best chance to close the position, and then buy the bottom and go short again. You can make a few waves on Citibank.

After chatting for an hour, everyone went to the Laguna Hotel to dine together.

At dinner, Wang Guanxi directly hired Stephen Steinough and appointed him as the chairman of Huntington Bank and concurrently as CEO. His annual salary is 5 million US dollars, plus bonuses. After this year, the annual salary may be as high as 8 million US dollars or more.

Wang Guanxi said: "Stephen Steinough, I hope you can take office right away and help me stabilize Huntington Bank. I will go to the United States in about February!"

This Stephen Steinau is indeed a very good talent, who can become his front desk Ma Tsai, preparing for Wang Guanxi to build a consortium in Ohio in the United States in the future.

If it weren’t for Stephen Steinau’s wife to cheat, he would not leave the Citizen Financial Group.

Stephen Steno nodded: "Good BOSS, I can go back to the United States tonight and go to Ohio to take office!"

He has been resting for a few months, playing every day, relaxing, having nothing to do, and has been decadent. Now he is eager to work, eager to find the value of his life, that is to be a top banker.

Wang Guanxi said with satisfaction: "OK, I will arrange a car to take you to the airport"

Then everyone had a chat. After dinner, Wang Guanxi asked the hotel team to transport Stephen Steinau to Hong Kong International Airport.

Before leaving, Stephen Steinau solemnly said: "BOSS, I will stabilize Huntington Bank for you soon, and wait for you to come to Ohio, USA"

Wang Guanxi: "Okay, Stephen Steinau, I believe in your ability, rest assured to work, rest assured"

Then Wang Guanxi returned to the center of the black shirt.

Tonight is 2009, January 1, Thursday.

Citibank’s stock price has fallen a lot. If the U.S. stock market opens tonight and Citibank’s stock price continues to fall, Wang Guanxi’s No. 2 Fund can be closed.

In the trading room, Huang Shaokai said excitedly: "BOSS, shall we close Citibank tonight, or Wells Fargo, or Bank of America?"

Now the stock prices of Citibank, Wells Fargo, and Bank of America have fallen so badly, it seems that they can all be liquidated.

Wang Guanxi thought for a while, and said: “Just Citibank. If Citibank’s stock price drops again tonight, we will close the position!”

Zhang Dexi also said: “The share price of Citibank has fallen to 63 US dollars per share. We have a lot of profits on our books, and we are finally going to close our position.”

The share price of Citibank has indeed fallen miserably. Recently, he has been paying attention to it. He wanted to close the position early, but he did not expect it to continue to fall.

Wu Zhankun also excitedly said: "Yes, we shorted Citibank early, and the interest rate was terribly high."

Finally, we are about to liquidate the position and cash in the profit. You must know that short Citibank’s stocks are borrowed from Indians, and the daily interest rate is as high as scary.

Wang Juehao echoed: "Yes, we shorted Citibank on the night of September 25, 2008, and it is now on January 1, 2009. On Citibank, I don’t know how much the interest has been paid."

He clearly remembered that Citibank’s stock price was more than US$200 per share at the time. This time, short selling at a high level took a long time, and the daily interest was hundreds of thousands of US dollars.

Bai Weiqiang sighed: “The annual interest of more than 500,000 US dollars. To be honest, the combined interest of these three months is terribly high. Fortunately, we have a lot of floating profits on our books, and the floating profits are more than 70%."

The No. 2 fund principal is 1.032 billion US dollars!

When shorting Citibank, Citibank’s stock price was at US$220 per share, and it borrowed 5 million shares from Nehru of India’s private pensions, valued at US$1.1 billion.

The interest is 1.5% per month, which is US$16.5 million. After three months, more than US$50 million has to be paid in interest.

And the No. 2 fund shorted 5 million shares of Citibank, and the position was opened at $213 per share.

And now Citibank’s stock price has fallen to $63 per share.

Floating earnings per share of 150 US dollars, total floating earnings of 750 million US dollars.

The net value of the account is as high as US$1.782 billion.

Wang Guanxi said: "Get ready tonight. When the market opens, watch me closely."

"Yes, BOSS" everyone is very excited.

However, before the opening of the US stock market, a piece of news about Citibank appeared.

Wall Street Journal: [Citi's Life and Death]

Since the collapse of Lehman caused the Wall Street collapse and the complete freezing of the credit market, in the eyes of investors, any institution may fail at any time. Everyone does not borrow money from each other and the capital market is frozen until the 700 billion US dollar rescue plan is issued. The credit market has gradually unfrozen.

But recently, a series of deflationary economic news, the large-scale clearance of leveraged loans and commercial real estate mortgage securities by hedge funds, the forced sale of mortgage products by insurance companies and fund managers, and the complete loss of confidence in Citigroup have led to a complete panic.

The credit market freezes again, and nervous investors flock to the "safe haven" U.S. Treasury bonds.

The 3-month Treasury bond yield fell to zero, while the two-year U.S. Treasury yield fell below 1% for the first time in history.

On the 19th before this, the bond market fell to its lowest point in more than 20 years.

The Dow Jones Index returned to its 1997 level.

It is not yet clear where the bottom of the market is.

The collapse of Lehman was the total outbreak of the investment banking crisis, and now, the fire has spread to commercial banks like Citigroup, which is considered to be a signal of the second wave of the financial tsunami.

Bloomberg: Citibank will trigger the second wave of financial tsunami!

"This is simply a divine assist before the stock market opens." Wang Guanxi said with surprise: "The share price of Citibank will definitely continue to plummet tonight."

Unexpectedly, before the opening, the media broke the news of Citibank.

Huang Shaokai said excitedly: “Citibank’s stock price will inevitably continue to plummet tonight, and we can close the position smoothly.”

Zhang Dexi also said: "Yes, after closing the position tonight, you can make at least 700 million US dollars."

Wu Zhankun said excitedly: “After the position was closed, the shares of Citibank were returned to the Indian private pensions, and they finally don’t have to pay their interest.”

Wang Juehao: "Yes, but this time both the Indian Pension Fund and the Indian Industrial Trust and Investment Bank have suffered heavy losses on Citibank."

Bai Weiqiang: "Compared with their losses, this interest is simply insignificant."

Wang Guanxi laughed: "In fact, the interest is tens of millions of dollars, but they lose at least 10 times."

"Just wait for Citibank's stock to continue to plummet tonight"

"Haha, mad at Nehru and Sundeep Batra"

··

In India’s private pension at the moment, Nehru looked at the headlines with a gloomy face!

"Hateful!"

"TM, Citibank's stock price has risen and fallen in the past three months, and recently it has plummeted!"

"I don't know where I will fall tonight"

"This miscellaneous black shirt group!"

"Ugh!"

Indian private pensions hold 5 million shares of Citibank, with a position of $136 per share!

Now Citibank’s stock price has fallen to $63 per share, with a loss of $365 million on paper.

He is regretting, hating, and jealous now.

Hold the cup and smash it on the ground frantically, vent your anger!

boom!

"I can't lose like this!"

"Citibank's stock must be held forever. One year will not work, that is ten years!"

"Grass!"

As for the Indian Industrial Trust and Investment Bank, Sundeep Bartra’s chest is very blocked, and his face is a little distorted.

"The share price of Citibank will continue to plummet tonight."

"TM, this black shirt insurance company doesn't know how much the floating profit is on the books."

"Grass!"

"I hate it!"

Industrial Trust and Investment Bank of India holds 6 million shares of Citibank, with a position of 215 US dollars per share. Now Citibank’s stock price has fallen to 63 US dollars per share, and the book loss is as high as 912 million US dollars!

Not only did Citibank’s stock price plummet, but Wells Fargo’s stock price also plummeted.

Industrial Trust of India has a bank holding 50 million shares of Wells Fargo, with an average position of 22 US dollars per share, and the profit on the book is almost disappearing.

"Oh, the grass TM's"

"Lao Tzu recently made 900 million US dollars in other places, and it happened to fill the hole in Citibank’s losses."

"Black shirt insurance!"

"Black Shirt Group!"

"Wang Guanxi, your grandson has invested in so many junk semiconductor companies in China's mainland. Sooner or later, I will ask the technology giants to cancel all your orders."

"I will not sell this Citibank stock. I will take it for more than 10 years!"

Soon, the US stock market opened.

Citibank’s stock price plummeted!

gapped 13 dollars at the opening and opened at the position of 50 dollars per share.

A large number of hedge funds, asset management companies, investment banks, various financial institutions, including retail investors, are selling Citibank’s stock.

Then Citibank’s stock price began to plummet!

49.50

49.10

48.20

47.44

46.42

··

40.00 location!

Soon at 11 o'clock in the evening, it fell below the 40.00 position!

fell to the 39.00 position

Wang Guanxi shouted: "Close the position!"

"Yes, BOSS" Huang Shaokai and others began to close the position.