Extraordinary Genius

Kirillian Koxingchong went to contact the chairman of the board of directors of Litao Group, which, although it has a lot of business in Australia and Canada, is a British company, so the headquarters is also in London, it is not particularly difficult to meet.

Feng Yu took a break and asked Kirilenko's people to arrange a car to meet the CEO of the bank.

The banking industry in the UK is very developed, which also benefits from the prosperity of the London financial sector. More than half of investment banking in Europe takes place in London.

London is also one of the world's leading private banking markets, with private securities valued at over £300 billion long ago, and even in '07, once called over £500 billion, but now, less than £200 billion, because many securities are no longer valuable.

London is also the largest city in the world with banking branches, more than 300, the world's leading city, New York is incomparable.

If banks are to grow well, major financial markets such as New York, London, Tokyo and Xiangjiang must not be missed. Feng Yu has acquired a number of financial institutions in North America, but there are no commercial banks.

And this commercial bank in London, which Feng Yu loves very much, has great advantages for the expansion of the business of Minsheng Bank.

This bank, which was severely damaged during the financial crisis, is also one of the top mortgage lending institutions in the UK.

Although it has a lower status than the Lehman Brothers Bank in the United States, its influence in Europe is not insignificant. The bank has a total of close to £30 billion, which is absolutely excellent when it comes to storage capacity.

Unfortunately, investments were slightly weaker and too many subordinated bonds were invested, resulting in significant losses.

However, with the help of the British Axe, the Bank of England provided emergency liquidity support, and the British Secretary of the Treasury announced that it would guarantee the bank's deposits, so that the bank would not be bankrupted by the crowd's crowding.

To that end, the United Kingdom was also negotiating the introduction of an updated Bankruptcy Act to prevent political axes from intervening in a timely manner in the event of a recurrence of the situation.

The financial crisis in the US, the losses on the US side are naturally huge, but the UK side also has a lot of losses. Who makes the UK closely related to the US side, and many industries learn from each other?

The political axe on the British side, like on the US side, had to take over a number of financial institutions and temporarily transform many private enterprises into state enterprises until the crisis passed before they could be sold.

Feng Yu is acquiring this commercial bank, which is currently also held many preferred shares by the British political axe. The British political axe is very eager to get rid of it quickly, and they also need money.

When Ralph contacted the head of the bank, they were actually very excited. This time they heard that Feng Yu had come personally, the CEO of the bank was extremely excited.

Their banks now have a market value of less than £10 billion, which is absolutely affordable for the world's richest. And they have a lot of quality assets, but are worried that Feng Yu will hesitate to take on many debts and bad assets.

However, they have been asked by the political axe to find someone to take over the bank as soon as possible, even at some cost. In their hands, there is no financial solution, so they can only see the bank's constant devaluation, the constant loss of high-quality assets and their transformation into low-quality assets.

While there is still value to sell, this is the right choice, not to mention getting the political axe back into the cage to help other businesses get out of trouble.

“Hello, Mr. Von, I'm Gary Potter, CEO of the Western UK Commercial Bank, and the person designated by the shareholders of this acquisition negotiation, you can call me Potter. ”

Feng Yu looked at Mr. Potter in front of him, dressed meticulously, even his beard was neat and tidy, luckily he didn't wear black frame glasses, otherwise Feng Yu couldn't help but think of Harry.

“Porter, sit down, my intentions should be clear to you, and I'll give you five minutes to convince me why I'm buying your bank. ”

Potter looked at Feng Yu with some surprise. Isn't the person around him a translator? He clearly remembered that Feng Yu was from Huaxia. I didn't expect him to speak English so well.

But he can't think too much about it at this time. See what Feng Yu means. If he can't give enough reason, Feng Yu is likely to abandon the acquisition.

At the same time, however, it was said that as long as he persuaded Feng Yu, there was a great possibility of acquiring it.

“Mr. Feng, our bank still has more than £26bn in storage, a figure sufficient to prove our ability to absorb deposits and to prove that our bank is still trusted by depositors. ”

“We have world-class, high-calibre talent and are entrusted with a unique talent selection system as long as we have the ability to generate high profits for our banks. ”

“We adopt a radiant organizational structure, centralized and decentralized, and the banking business can be spread across the globe through the network, as well as information and resource sharing, with a centralized scale effect. ”

“Our organizational structure is absolutely unwieldy, everything is for the customer's sake, and our customer satisfaction has always been very high as we are required to meet the customer's requirements in the fastest possible time and provide the most convenient financial services to the customer in the shortest possible time. ”

“We have precise strategic positioning and target markets, we aim to serve our customers, we adhere to the principles of excellence and then big, which makes us very advanced in our business management philosophy...”

Feng Yu looked at the watch and five minutes arrived. He interrupted Porter's words with a wave.

“Okay, five minutes is up. Do you think you can impress me with what you just said? ”

Feng Yu's expression was harsh, his tone was hard, and he made Potter feel very angry. He has some regrets in his heart. There are many advantages that have not been said before. Wouldn't Feng Yu be dissatisfied with what he said?

“If you're not sure, let me start with some of my thoughts. You said you had £26 billion in storage, so what about the money? How much cash do you have? Most depositors' deposits have turned you into loan contracts and other marketable securities. In the face of the crowding trend, you can't afford money, you can only borrow at high interest rates, which is one of the root causes of your losses. ”

“You said if you could make a lot of profits for the bank, you'd be given a lot of responsibility, and I suppose this time your loss had nothing to do with this system? Do you believe that the securities purchased can generate high profits? But what happened? ”

“You say your business can be worldwide, but how many branches or outlets do you have in total? How many employees? How many of them are new hires and how many are retiring, you didn't say. ”

“It's funny that targeting service customers is the first and ultimate goal of opening a bank, which is to make money, and making money is the core goal. ”

“Potter, do you accept what I'm saying? ”

Potter was shocked, his eyes were hollow, and he thought the negotiations might fail again. Can't they really sell the bank?

……