American Fortune Life

Chapter 1328: Settling Up is Not for Everyone!

The financial turmoil brought about a wild shrinkage in the assets of major banks, and in order for capital to meet regulatory requirements and avoid collapse, major banks began to raise cash, but most failed to do so.

Faced with bankruptcy, the UK became the first government in the West to start so-called 'bank nationalization’ and began investing in banks with government funds.

With regard to the advantages and disadvantages of bank ‘nationalization’, not only was it controversial, but most bankers were also very opposed to nationalization. Even Andy would be worried that government funding would panic existing bank shareholders and scare that their equity would be diluted. Not to mention the other bankers.

Of course, the more important impact for the bankers themselves is that if they are forced to accept ‘nationalization’, the government will definitely impose restrictions on bonuses, etc., not only will salaries be affected, but the banks under their control will also lose their LI uniqueness, which none of the bank executives want to see.

Barclays Bank had previously succeeded in acquiring the Lehman Brothers' business in the United States from Andy, albeit temporarily as a strong competitor to Wall Street.

However, over the next few months, former Lehman Brothers investment team members left, resulting in a substantial reduction in the real value of the acquisition. And what Barclays doesn't know is that it was Andy Smith's Free City Investment Company that pulled away the power of the former Lehman elite investment team...

Andy's decision to eat Barclays Bank will be honestly rubbed by him on the floor, and he will smile and welcome his‘ wool out on the sheep 'investment plan because his London crew has been pressing Barclays' stock prices short while paying attention to gathering their information.

When it became known that Barclays needed to raise its capital rate to 8% within the month, a total of £1.3 billion in funding was needed to resist the UK Government's nationalization.

At the same time, newspapers have learned that two of Barclays' major rivals, the Royal Bank of Scotland and the Lloyd's Banking Group, have received State aid to begin the process of domestication. As a result, pressure is converging on the management of Barclays Bank and the Bank.

Andy officially went to the door and officially harvested the trophy he had prepared for a long time under the ring pit!

In fact, at this point, there are really not many options left to Barclays, unless these bank executives in the conference room accept the British government's capital and the reality of nationalization.

Another is taking the risk of touching the red line of the law and accepting ‘consultancy fees' for desert hawks and consultants totalling over £300 million.

Undoubtedly, Andy Smith's investment, though tedious, fits perfectly with Barclays Bank's requirement to increase its capital rate, not only by £400 million in total cash flows, but also by £1 billion in high-quality collateral assets.

So Andy controlled the pace from the start and calculated that the investment negotiations were going very smoothly. His investment in Andy Smith was not only a financial help to Barclays Bank, but more importantly, the influence of his name, investor confidence in the financial markets!

The influence of Andy Smith on the capital market is not something that only rich desert hawks can compare!

“Bang-bang--”

A round of applause clapped in the room, a smiling Andy Smith and Robert Raymond, president of Barclays Bank with the same smile, exchanged the folders in their hands and held them tightly together.

“Mr. Smith, welcome to Barclays Bank's extended family and ask for more support in the future. ”

“Barclays Bank is a great bank and it's an honor to be a part of it, thank you. ”

Looking at the two people who were shaking hands and smiling and talking in the room, all the faces in the conference room were smiling, as if they had never been unpleasant, unhappy or dissatisfied before. Amahl looked at all of this and felt an unspeakable feeling inside, like when she returned to work at the United Nations, everyone was wearing several masks.

There are no eternal enemies, no eternal friends, only eternal interests. Churchill's words are perhaps the most desirable note at this time.

“Welcome... Mr. Smith. ”

“Thank you.”

Andy kept a brilliant smile on his face and shook his hands with the executives of Barclays Bank present, as he melted in the conference room and lived in harmony between the executives and the directors.

From the applause in the conference room to the moment, Andy was sitting in the lounge with Amahl, his assistant and Barclays Bank's president at the head, waiting for the press conference to take place, and suddenly, naturally, the time needed to give the reporters on Fleet Street time.

John Wally, CEO of Barclays Bank, was under a lot of pressure this time. He had just flown back from DONG, making him want to get a second life-saving financing from those millionaires. However, the other lion's mouth was too big to go back to the board and ask for a decision. In front of Andy Smith, the new director, John Wally had a hard time.

Andy, however, was not interested in these eggs. He was admitted to Barclays now in order to rebound the Barclays' share price. When the financial storm passed, Barclays' share price returned to its original level and cashed in. As for the board's power struggle and banking operations, he was not interested in half. As long as he diluted his shares without touching his interests, he would assign a subordinate to become a mascot.

Where there's money, there's bankers.

As a profit-seeking banker, the executives of Barclays Bank here are absolutely middle-class, and while Andy's 'wool out on the sheep' plan succeeded in reaching its goal, it also woke up the group of jings. Andy's tactics, though shameful, are simple and have the possibility of repeated application.

So when CEO John Wally proposed that Andy invest billions more into Barclays, and then sign a supplementary agreement to repay Andy at an ultra-low interest rate, Andy reinvested the loan in Barclays again, and all the interest and expenses incurred in the process were the responsibility of Barclays Bank and could be paid to Andy in the form of a consultancy fee.

It has to be said that the other party's ability to raise the inverse three is really strong. The wool trick on the sheep is immediately used by the other party to live and learn, but Andy knows better than anyone that this is a big pit where he can make money, but he can get in trouble.

When several bank executives, including CEO Robert Raymond, agreed that the solution was highly feasible and directly addressed the risk of nationalization, Amahl, a beautiful lawyer with a coffee cup, dropped the cup and a graceful smile interrupted several dreams.

“Under the Companies Act 1985 in force in the United Kingdom, you are liable for“ conspiracy to commit fraud and unlawful financial assistance “in your approach.

Mr. Smith's investment in Barclays Bank is an investment made with his own funds, not with those of Barclays Bank, because Mr. Smith was not a shareholder of your bank before, all reasonable and lawful, but now as a shareholder, if false contributions by shareholders are proven, it is an offence! ”

“Cough... ”

Several bank executives, including CEO Robert Raymond, felt like they had been thrown a bowl of cool water and coughed up awkwardly and lightly. No wonder a super-rich man like Andy Smith would bring her with him, not a vase, but a real cowboy!

After Amahl finished his presentation, a pair of beautiful eyes looked at Andy Smith, whose smile had never faded, and his bright eyes looked at each other with admiration and comfort. At this moment, Amahl understood perfectly that her role was to endorse Andy's investment behavior.