Archive's Financial Talents

Chapter 487 Citibank Crisis

Although the Stanley of the Morgan family has not fallen sharply due to the recent stock price, the market value has nothing, but the Morgan family has a family of hundreds of years in the M countries, and the listed companies are just the icebergs of their family wealth. .

It is the first reaction to mention the Morgan family. Morgan Bank and Morgan investment, because these two financial companies are famous internationally, so many people think that the Morgan family has only these two companies.

However, many people don't know that the Morgan family has a large industry in other industries in addition to financial integrity.

As aspects of agriculture, the Morgan family in hundreds of years is a farmer family. When they moved to the continent of the Americas from Europe, the M countries had not been established. At that time, the Morgan family used the wealth to bring. There is a lot of land to buy here.

Later, several generations of the Morgan's family later were not a person who was willing to be ordinary farmers. So under the efforts of several generations, plus a variety of opportunities, and finally the Morgan family became the top family of financial fields.

However, hundreds of years have passed, the Morgan family did not give up their ancestry in the past, and in the past ten years, they still spent a lot of funds in this industry.

Mainly because of global trade, the first industry and the second industry here soon began to migrate to foreign countries, and the whole domestic major is developing a third industry.

So the Morgan's family saw a lot of local land was ruined, so let the people below acquire those land. After years of acquisition, the land currently has a terrible tens of thousands of hectares.

Although these land spread throughout the entire M country, these do not hinder the Morgan's family in agriculture is already the first in China.

When Morgan was in place, these land were mastered in the hands of the veteran. After all, at this time, the development of agriculture did not make money at all, and most of them were some subsidies from the government.

Although the old Morgan didn't see the general old things of the elder meeting, I always put a pair of qualifications to eat drinking and drinking in the family, so old Morgan handed the family directly to the industry in agriculture, earning The income will do their old age.

Now, Morgan lives in the hospital. The power of the Elderly and the power of the old Morgan have had a fierce conflict. However, the power of the Elders will be some people who are strong, while the old Morgan's belongs are If you have a strong capitalist, if you touch it directly, it is absolutely a bit like an ovary.

So the veterans will need a fund to grow their forces, but where is the money come from? After all, the industries in their hands are not very profitable.

The last foreigner thought that the land managed by their hand did not make money very much, but they should still change the money.

So they start looking for buyers. For this buyer, you can't find one in the intermediary. After all, the land in their hands is too much. They can't sell sporadic, they need a strong buyer, directly in one time. The land is given the acquisition.

The Morgan family is preparing for the land, and the Citibank is also preparing for the sale of assets.

How did Citibank's CEO did not think that he had just intended to repay the kindness of the old Morgan that year, and broke the other person's illegal loans, and the result was accident.

Stanley's share price plunged to make Citibank, while I want to recover the $ 5 billion of loans, but Stanley does not have so many liquid funds to repay the loan.

So the Citibank sold the shares of Stanley's mortgage, but the money collected is not enough to repay the loan.

So Citi Bank can only send people to Stanley, but Stanley is very simply, and there is still a lot of money, and the garbage bonds have a lot. If needed, you can pay those garbage bonds to repay debt.

Citibank heard this, there was also affordable, and the garbage bonds were not worth the market, and it was still in their own hand to put money, how could you have your garbage bond.

However, Stanley is also playing directly, you don't even have, any money is not, why do you want to do it?

Citibank is very difficult for Stanley's attitude. He really wants to look directly to the court to seize Stanley, forcibly repay, but if you really do this, Stanley really entered the bankruptcy, It is still not necessarily round to their company to take compensation.

Citi Bank has long been investigating the situation of Stanley, in this half a month, with the sharp decline in Stanley's stock price, the company's financial investment products have begun to explode, and the liabilities have been as high as $ tens of billions. In accordance with the current share price of this company, the market value is only $ 5 billion.

So the Citibank started to sell some bonds in the sale of the company to start a funds, and on the other hand, I went to find old Morgan.

The CEO of Citibank is also very simple. Although Stanley is not worthy of debt, the Morgan family is rich, as long as the old Morgan is still counting the original commitment, then he can take back from the Morgan family. money.

But unfortunately, the old Morgan is still lying in the hospital, and the CEO of the Citibank looked at the old Morgan who looked quietly through the glass. The right hand was holding into a fist. The teeth were also bitten by him. In the ring, he is now a little doubt, and the old Morgan is not pretending to wake up.

However, even if he is very suspicious of the old Morgan, he is lying in bed, he has no way to proceed, because at this time, the old Morgan Ward is standing in more than a dozen black big men.

These people are the old Morgan's belongings and the veteran will be sent, as for them to stand in the door of the ward, saying is to protect the old Morgan, but what is thinking about their hearts, then no one knows.

Citibank's CEO saw this situation, knowing that he wanted to take back the loan from NMER, it would not be said that the old Morgan know that the current Stanley's situation will not directly The other party bankrupt, the old Morgan could not wake up again and another thing.

There is no money to ask the money to go back to urge the people to hurry to sell the bond back to the fund. After all, now, many people want the Citibank to die, if they are known to the Citibank, there is a fifty The bad debt of billion dollars did not receive it back, and the opponent is likely to start actions.

Now that Citi Bank is to grab time with them, the news will always leave, and the flower that can only go out before the message leaks out, and will be asked to cope with the future situation that may occur in the future. .

Citibank loans gave Stanley's $ 5 billion into bad debts, first touched the company's internal board of directors.

The directors of Citibank quickly convened a board. They all chased the Ceo of Citi in the meeting to a statement. The final result is that the Ceo's CEO is resigned, and the board will recommend a more young executive director to deal with this. Thing.

However, there is no such thing as the internal handling of Citigroup. Their company's loan is also exposed by the media, and the news is also a resignation of Citibank's CEO.

When the news came out, it suddenly caused a huge sensation in the financial circle.

Not because the Ceo of Citibank resigned, after all, in these two years, many companies' executives have been resigned, so this is no important news.

Everyone was surprised that Citibank actually actually gave Stanley for $ 5 billion, although this money was a large part of the CC CEO illegal provisions, even In this way, there are still many people in the market.

On the one hand, it is concerned that there is any problem with the internal system of Citibank. Will not affect the company's operations.

Don't look at Citi Bank is a big bank with a market value of 100 billion dollars. In the current market economy, even if the company is 100 billion dollars, it is also very likely that there is nothing in a short time, just like the front AIG insurance company. Like, it is also a hundred billion dollar market value, and the result is not to say bankrupt.

So some people began to panic, after all, their money exist in Citibank. If it comes to Citibank's capital flow, what is their deposit?

So many people began to get to Citibank to start to extract their deposits. With more and more people with deposit deposits, Citi Bank Treasury reserves will soon be, but there are still many deposks waiting to queue in queues. .

There is no way to say a greeting with the Fed, using a large bond in their hands as a mortgage, borrowing a big cash, in order to finally press this storm.

However, Citibank now only solves the problem of small customers, and many of the big customers have not resolved.

As a giant bank in Wall Street, in addition to the deposit business to the people, Citi Bank has also gives a private wealth management business to many major customers, and now Citi Bank has such a thing, and those who put money in their big customers are destined. The way is sitting.