When I am reborn in Hong Kong, I just want to lie down

Silicon Valley Bank announced a moratorium on real estate loans and announced a cleanup of original loans. Reserves are insufficient and external financing is needed. Silicon Valley Bank is actively rescuing itself.

Before him, New York City Bank also announced external financing, and they issued invitations to increase capital from two previous investors.

However, he did not get a response from the Arab prince, and now he also has a headache; and Li Bu said that he could introduce investors to them. He said: "I also want to help you, but now I also encounter financial difficulties. Last year, I have sold out your stocks and saved my poor capital flow."

Li Bu's expression made the people at New York City Bank look a little excited, but they still left politely. He turned back, looked at the Taiping Hang Lung Building, and uttered a sentence, which translated into Chinese is: "Pretend to be your big tail" Where's the wolf? Who doesn't know that you are rich, and after cashing out your high position, you still behave well after getting a bargain, and I will fuck off your sister."

After the man left, Li Buxin said: No good thing can come from me, pockmarks are not called pockmarks, they are called deceivers.

"Notice it down and implement the emergency plan, codenamed A. We have to save ourselves. Our bank is almost out of money."

The group of elites did not laugh at Li Bu's funny expression. They just felt that the boss was really ruthless. This emergency plan, codenamed A, was to compete with other banks for financing channels or to steal other people's life-saving money.

Soon after, the Swiss EFG Bank also announced that due to cash flow problems, it began to issue bonds globally with an interest rate of 8% and a priority repayment level, issuing US$100 billion to supplement liquidity.

Swiss EFG Bank, these people have been active in the global financial market, keeping pace with the two major groups UBS and Credit Suisse. They often steal the business of the two major groups, leaving the two major groups helpless. Moreover, this time UBS and Credit Suisse There are problems with the financing channels of the two major groups.

"UBS has always been the best bank in the world. I'm afraid you don't know its specialness, right?"

"We know your situation, but I know another thing, that is, America is launching a policy that requires you to cooperate with investigations to track down tax evasion and the flow of funds from criminals."

This matter has been going on for a long time. As a neutral country, they have always avoided such things happening. However, the Swiss efg bank is a shame for Switzerland. It actually cooperates with the other party. They have a long history of cooperation with the other party's tax department.

After sending away these investors, the CEO of Ruizheng was a little angry. They were all that EFG. They actually issued short-term priority bonds with such high interest rates. This was not giving other banks a chance to survive, and it was still anonymous.

At a global banking summit, efg openly said: "We can't live any longer. Of course, the methods will be more drastic. I hope everyone understands."

I understand your sister! ?Is the involution so serious?

Starting in 2004, a large number of mortgage bonds, with their high interest rates and high-quality collateral, attracted them. Credit Suisse alone, a group worse than UBS, bought nearly 400 billion US dollars in Mortgage bonds, there are more different types of CDOs (collateralized debt obligations), CDS (credit default swaps).

Credit Suisse is no less generous. Now, they only analyze the positive direction of the market and do not consider the situation of market collapse. I don’t know what purpose those provide references for decision-makers. They all agree that the current financial environment is very good.

The decision-makers also made wrong decisions. It wasn't just them. In their words, didn't they also buy the efg bank next door?

Now, it is a matter of scrambling for financing channels, finding wealthy people who are willing to invest, and asking them to save themselves or provide help.

"If that doesn't work, we can only ask the country for help." The president sighed.

Not long after, news came from America. On that day, more than [-] banks declared bankruptcy protection and filed applications with state courts. On the same day, a real estate company laid off half of its employees due to lack of liquidity, and then entered into an agreement with another real estate company. The merger formed a new company and then a fifth of the workforce was cut.

For a moment, people were panicked. In North America, there were as many banks as there were stores. Then the next day, less than [-] banks declared bankruptcy protection.

The wave of bank bankruptcies in North America continues. As far away as Hong Kong, major banks are also covered by dark clouds. HSBC Holdings, the parent company of HSBC Bank, announced that it will set aside another US$80 billion for bad debts.

The stock market fell again, reaching 3%, down more than 700 points.

Li Bu Li Guancheng issued a risk announcement through today's morning paper: the subprime mortgage crisis will affect Hong Kong. The impact of this crisis will be very large.

As for how big it is, I haven't said, because the wave of bank bankruptcies in North America has been spreading. On the island country, several banks have begun to look for new homes. The Watanabe Group has received calls for help from several banks, hoping that they can save one. save.

After the Watanabe Group checked its accounts, it said it was helpless. The stocks of several banks instantly fell into pieces. During the asset auction, the Watanabe Group bought a large number of mortgage bonds, about one trillion yen. It only cost less than 1000 billion yen; after other banks or financial institutions learned of the matter, they traded the bonds in their hands to the Watanabe Group at the same price.

What does buying junk mean?Just like the Watanabe Group now, they now have various types of bonds in their hands, with a total amount of more than 12 trillion yen. When converted into US dollars, it has reached the level of [-] billion, and it only cost [-] billion US dollars.

The Watanabe Group saved their lives and allowed them to temporarily survive this most difficult period.

The incident in the island country spread to Hong Kong, and HSBC Holdings held a board meeting to discuss how to deal with the junk bonds on hand.

"Let's sell this garbage to Taiping Bank. If we don't find another home, we will be in danger. Investors now don't trust us. Moreover, we have a strong competitor."

The other directors are sinking, which is to bleed the other party's blood, so that they cannot compete with themselves.

After thinking about it, the other directors nodded, and one director said, "Can we borrow some funds from them?"

"You can try it, it doesn't matter whether it works or not."

The current situation did not allow them to think too much and they had to make a decision.

"We are cutting our flesh and blood to survive in the future. Otherwise, we may go bankrupt." Taipan looked at the person he was talking about and said, "Tomorrow I will go find someone from Taiping Bank to discuss it."