Extraordinary Genius

Chapter 1747: Target Traditional Finance (4/10)

Boom!

A bottle of champagne was opened and paid for and everyone was poured, and they were celebrating with a glass.

“Feng Yu, the Lehman brothers did, as you said, apply for bankruptcy protection. This is the fourth largest investment bank in the United States, and the financial industry in the United States is bound to be devastating.” Paying light is exciting, "he said.

After Bellstein went bankrupt, the Lehman brothers finally filed for bankruptcy protection!

Inside, Feng Yu is the biggest behind-the-scenes operator. These manipulations, however, are not readily apparent.

In the simplest way, they invest through small investment firms. Instead of listed companies, this delegation can be kept confidential.

This is also the most common means used by the ancient families of Europe, and why there are so many invisible riches on the European side. They invest through these companies, and then they set up the companies, and after the hierarchy, nobody knows that they invested the money, and nobody knows exactly how much property they had.

Like the Rothschild family, there's only 10 billion euros in assets. Who believes that? So much for an asset, why is it so high?

Those financial assets ~ home, through these means, are hiding their own investments, even if their investments cost a lot of people, but no one can know that they did it, and their names are being betrayed.

More than that, in the US financial market, many investors scolded financial institutions in the US and Europe. Many people knew that assets such as Rain Consulting, Taihua Consulting, etc. had been growing, and investment profits were increasing, but who knew how much of this was Feng Yu's money?

Even He Zhaoji doesn't know, let alone outsiders. Unless Feng Yu himself is asked to calculate carefully, Feng Yu can only estimate one. Many of his investments, too, have been handed over by several companies, and a small fee is required.

Feng Yu sipped a sip of champagne and put the cup down: “The Lehman brothers are not as big as the state-owned banks in the US, though. You see, bankruptcies such as Merrill Forest Bank may have more impact than the Lehman brothers. ”

“This is just one step in our plan, and we want financial institutions like those in the US to go bankrupt, and this is our chance to share in those old branded banks, so that we can truly stand on top of the world! ”

The Lehman brothers are said to be old-fashioned banks, more than a hundred years old than the state-owned banks in Huaxia.

But compared to the old banks in Europe, it's too far off. The older the bank, the more entrenched. Don't look at the Lehman brothers going bankrupt, but those shareholders don't necessarily really lose.

The Lehman brothers now have a market value of only about $6 billion, how can they be indebted to more than $500 billion and still receive funding?

It says here that without those shareholder relationships, who believes? The Lehman brothers have been insolvent since last year. But everyone was blindfolded by superficial profits, and they couldn't see they were small Malas.

As soon as their profits go down, the losses come up, just the interest on those loans, that is, an astronomical figure, not to mention the increasing interest, many of which are compound profits?

Debt is like a snowball, getting bigger and bigger, and it's finally not going to work. Those shareholders had already thrown their debts out by other means, and the money had gone into their own pockets.

There are, of course, some of them who stand up to back the pot, like the two CEOs of the Lehman brothers last year and the first half of this year, and some smaller shareholders.

Feng Yu has long been eyeing the banking industry, the most traditional financial industry. Although Feng Yu believes that the online e-finance industry will emerge in the future, no one can deny that traditional finance is still the largest.

Online banking, even if it is a form of online finance, does not have to rely on traditional banking, otherwise it lacks credibility. If you encounter payment problems, will the cash flow continue?

There are also payment packages, Lapo and other online payment instruments, all of which need to be linked or even tied to bank accounts. Traditional banks are the foundation.

Feng Yu was once a shareholder in the first private bank in the country, Folk Sound Bank, but the development of Folk Sound Bank in the country has been constrained.

Although Minsheng Bank owns many of its rich shares, and its credibility is not bad, it has developed far worse than State-owned banks due to business outlets, business development and other aspects.

For example, some mortgages, car loans, etc., state-owned commercial banks can be simple, but folklore banks are not easy. Without the support of payment packages in China, making Minsheng Bank's online banking business develop well, I'm afraid it would still be the same as in previous generations. The development is similar to that of provincial banks, and there is no success at all.

The country so chooses, Feng Yu understands, so that it can balance through the upper-level regulation, but it is too unfair to the Folk Voice Bank.

If you look at the names of the shareholders of Minsheng Bank, you're a little scared. Fearing that Folk Voice Bank would become the largest commercial bank in the country, it would take the banking industry out of the control of the State.

Not to mention that the other shareholders are the names on the domestic Hulu Baifu list, simply saying that Feng Yu is the richest man in the world worries them. I'm not worried about Feng Yu manipulating the market. I don't need to do this at all when I get to Feng Yu's house.

Now financial experts around the world say that Feng Yu is lying down at this time. As long as he does not meet the brainless manager, then the assets of these enterprises in Feng Yu's name will grow enough to ensure that Feng Yu will remain the richest man in the world until he dies, and no one can surpass him!

After all, there are many unlisted companies in Feng Yu's name, and the valuation far exceeds the market value at this time. But they're not on the market. What can you do? No shortage of money, no lack of attention, why do you have to publish your finances and distribute profits to others?

What those people are worried about is how embarrassing it would be if State-owned banks didn't grow as well as Voice Bank.

This time, Feng Yu led the way in the US financial market, not only to hit the US economy, but also to take the opportunity to acquire some financial enterprises in the US.

Of course, those situations still need to be saved, like the Lehman brothers, Feng Yu has no interest.

This will allow Voice Bank and others to really get out of the country and make money abroad. It has also increased resilience, profitability and scale.

A commercial bank that operates only in its own country is not a success at all. State-owned commercial banks are not all walking out at this time, but the development is not very smooth, but now is the opportunity.

During the first half of this year, Feng Yu has quietly acquired a number of small financial companies through investments in different states of the United States.

Together, it creates a vast business network. It just takes a lot of money to make it work. At this time, Feng Yu's funds are invested in the financial market. After returning to the cage at the end of this year, it is time for him to truly enter the traditional financial industry!

……