Rebirth of the Strongest Tycoon
Vol 3 Chapter 1323: Received the Air Force banner
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On May 25, the blue sky was like washing, the sun was especially bright, and the temperature in Xiangjiang was as high as 34 degrees Celsius.
In the afternoon, Xia Yu simply relaxes in his own separate villa.
There is a swimming pool of hundreds of square meters in the backyard of the villa. Xia Yu is wearing sunglasses and only a pair of beach pants, lying on a beach chair by the pool, basking in the sun.
In the swimming pool, two mermaids were playing, Xia Yu smiled and watched with gusto.
Both Sandy and Li Qian wore very refreshing and attractive bikinis. Li Qian was so proud that she couldn't hide it, while Sandy wore even more tempting.
At this moment, seemingly tired of playing, Sandy took the lead out of the water, walked towards Xia Yu, and sat on the beach chair next to Xia Yu.
"Xia Yu, can you paint me some olive oil?"
Xiandi turned her head slightly to look at Xia Yu, blinked and asked.
Xia Yu smiled and said with a light smile: "Of course, beautiful lady."
After speaking, Xia Yu got up, squeezed out a large ball of olive oil, and began to smear Sandy.
After Xia Yu finished smearing Xiandi with almost no dead ends, Li Qian just came up, and Xia Yu treated Li Qian equally and smeared Li Qian as well.
Because I was so careful, it took more than ten minutes to perform the operation.
The three of them lay on the beach chairs with the sun, and Sandi and Li Qian lay on either side of Xia Yu.
"Xia Yu, mainland Illinois Bank is in big trouble, will it affect the situation in Canada?"
When Xia Yu smeared Li Qian with olive oil, Sandy picked up the information on the table next to him boringly and looked at it. It was a special news from Jiuding News Agency, which rewritten the news of the Mainland Bank of Illinois.
Sandy knew that Xia Yu was conspiring with her father in Canada, and they were shorting the Canadian dollar exchange rate. After seeing the news, she would inevitably be a little worried.
Xia Yu glanced at the information in Sandy's hand, and said with a faint smile: "There will definitely be an impact. This matter is controlled by the Rohill family behind the scenes. The purpose is to make the Chicago Consortium completely defeated."
"I believe that two days from next tomorrow, the Chicago Consortium will withdraw all the funds, and then it will be time for them to counterattack."
"Isn't this bad for you?"
Sandy suddenly became nervous. She didn't want to see Xia Yu and her father fail.
"Don't worry, the Rothschild family can't turn it over, everything is under my control!"
"If the Chicago Consortium other than them is the biggest main force, it would be a big mistake..."
Xia Yu took Xiandi's smooth jade hand, stroked it lightly, and said calmly.
Xia Yu smiled at the corner of her mouth, with a confident appearance and full of charm, and Xiandi couldn't help being a little surprised.
...
The Illinois Bank of the mainland is about to fall. Naturally, Xia Yu is eager to happen. Of course, he also knows that it is difficult. The US government will not want it, and neither will the Morgan Consortium.
Xia Yu knew that the Mainland Bank of Illinois was the main target for the Morgan Consortium to infiltrate. If this bank falls, the McCormick family will suffer heavy losses, and the Morgan Consortium will suffer heavy losses.
However, the Chicago consortium is in crisis, and Xia Yu does not intend to give up such a good opportunity. He wants to be a pusher behind his back.
As for the situation in the Canadian financial market, it is still the same sentence, everything is under control, and the Rohill family can't turn it over!
The final victory can only be his!
Soon, Polaris Capital Corporation began to take action.
A sum of money began to flood into the stock market, shorting the major listed companies of the Chicago Consortium.
At the same time, the Dun & Bradstreet Group has become a key short-selling target because it is the parent company of Moody's, one of the world's three major rating agencies.
In public opinion, the newspapers controlled by Polaris Capital Corporation began to follow the news of the Continental Bank of Illinois, and also analyzed the dependence of many American banks on the Continental Bank of Illinois, and hypothetically analyzed the impact of the Continental Bank of Illinois.
The position of the news is very neutral, in the tone of worrying about the country and the people, reminding the regulatory authorities to strengthen supervision to ensure that there will be no systemic risks.
No one else can perceive the sinister intentions behind this.
But in terms of impact, it is huge.
On May 25, the amount of funds applied for withdrawal was as high as 1.78 billion U.S. dollars.
On May 26, the amount of funds applied for withdrawal was as high as 2.14 billion U.S. dollars.
In four days, up to 6.55 billion US dollars!
The other three banks also showed signs of running out of funds, with the loss of funds reaching 1.01 billion U.S. dollars.
Fortunately, on the afternoon of May 26, the Chicago Consortium finally withdrew all the funds from the Canadian foreign exchange market, alleviating some of the pressure.
More than 20 billion U.S. dollars was used after the principal and leveraged capital allocation. After removing the leverage of other banks, 20.29 billion U.S. dollars was taken back.
Among them, the total profit is 780 million U.S. dollars. There is no way. As the main force of smashing, the initial cost is higher and the profit is relatively lower. In order to hurriedly exit, it was also slaughtered.
Originally, according to the original expected plan, the profit was at least 3 billion U.S. dollars. What a pity...
Among the 19.51 billion U.S. dollars, the funds of the four major families are 8.3 billion U.S. dollars, and the other 11.21 billion U.S. dollars are from the four major banks and other financial institutions.
Among them, the Mainland Bank of Illinois has the largest amount of funds at US$2.85 billion.
Then the Continental Bank of Illinois quickly entered into transactions with several other banks, first obtaining US$2.62 billion in funds.
The Continental Bank of Illinois received US$5.47 billion in funding all at once.
But after the funds came back, 4.7 billion US dollars were stopped rolling and frozen in disguise.
The funds available to the Continental Bank of Illinois are only US$770 million.
According to the four-day run of the crisis, funds will still run out on the 27th.
At this moment, official assistance finally arrived.
Federal Reserve Chairman Volcker, Chairman of the Federal Deposit Insurance Corporation Ishak, Director of the Financial Institutions Inspectorate Connova, and executives of six of the seven major U.S. banks jointly studied and passed the decision.
The Federal Reserve Bank of Chicago, one of the 12 largest regional Federal Reserve Banks of the Federal Reserve, came forward ~www.ltnovel.com~ to lend US$3.6 billion in emergency funds to the Bank of Illinois in the Mainland!
In addition, 16 banks were forced to provide a total of up to US$4.5 billion in 30-day credit lines to the Mainland Bank of Illinois.
The US$3.6 billion was credited to the mainland Illinois bank account on the morning of the 27th, while the 30-day credit line of US$4.5 billion would need time to be raised by major banks.
At this time, the withdrawal of more than 20 billion U.S. dollars from the Chicago Consortium not only weakened the power of the shorts by more than 20 billion U.S. dollars, but also increased the power of the bulls by more than 20 billion U.S. dollars.
The offensive and defensive momentum is instantly reversed!
The bulls blew the counter-attack clarion call. The bulls, led by the six largest Canadian banks, all took out their spare funds and entered the currency market, and the bears retreated steadily.
The Canadian dollar/US dollar exchange rate quickly rushed back above 0.8, and the bullish momentum quickly took shape.
The Canadian stock market also began to rebound, and the Toronto 300 Index once again rushed to 2,400 points.
The position of bears is precarious.
Richard King Mellon couldn't sit still anymore, and an ocean phone called Xiangjiang to discuss countermeasures with Xia Yu.
Xia Yu directly gave Richard King Mellon a reassurance, telling him that he had found other allies, and he would immediately set up the banner of the air force and fight back!
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