Rebirth of the Financial Crisis Sweeping the World

Three Hundred and Eighty-Four CEO, Fund No. 2 closed its position!

Wang Guanxi said calmly: "They don't understand banks, so just arrange for the financial officer to go there."

There are currently no bankers in the Blackshirt system, although Lehman Brothers has Pastor Brandt, Willer Hess

Three executives, including Ryan Smith, joined, but none of them were senior executives in commercial banking.

Wang Guanxi would not transfer Ma Zai, who was unfamiliar with the commercial banking field, to serve as a senior manager in Huntington Bank.

But the financial officer still has to be sent.

"Well, okay then." Luo Baowen looked up at the car where Jennifer Huntington and Jennifer Lawrence were driving away, mother and daughter, and then said, "Boss, do you like this Jennifer Lawrence?"

"Do you really plan to go to the United States to visit her in February?"

Speaking of this, Luo Baowen felt inexplicably uncomfortable and uncontrollably sad.

Jennifer Huntington and Jennifer Lawrence, mother and daughter, spent one night in Hong Kong, and she was with them the whole time.

I really don’t understand why Boss is so interested in Jennifer Lawrence, an inconspicuous actress in Hollywood?

It was heart-wrenching just to look at her.

He also talked a lot with Jennifer Lawrence, and the two had a very good chat.

How does this Jennifer Lawrence deserve to be BOSS?

Why?

Luo Baowen didn't know why she was so uncomfortable.

At this time, Wang Guanxi looked at Luo Baowen's disgusted expression and guessed that Luo Baowen must be feeling uncomfortable and jealous, so he asked with a wicked smile: "Secretary Luo, aren't you jealous?"

As he said this, Wang Guanxi hugged Luo Baowen's waist. Luo Baowen stiffened and looked embarrassed.

Luo Baowen seemed to have been touched by Wang Guanxi's words, so Wang Guanxi continued to ask: "Are you jealous?"

As Wang Guanxilou put his hand on her waist a little harder, Luo Baowen stepped hard on the spot and straightened her legs to prevent herself from being hugged.

I saw Luo Baowen saying: "BOSS, you'd better go upstairs to Jennifer Lawrence."

Wang Guanxi smiled and said: "Her figure is indeed better than yours."

When Luo Baowen heard this, she was almost angry to death. Wang Guanxi actually said in front of her that her figure was not as good as Jennifer Lawrence's.

This was literally 100,000 points of critical damage, which was extremely insulting to her figure.

Her chest was so clogged that she couldn't breathe. Her face turned a little red. She pushed Wang Guanxi away angrily and said, "Then don't hug me. My body can't bear your hands."

Wang Guanxi laughed: "Are you really jealous?"

Luo Baowen calmed down, took a deep breath and said, "How could I be jealous? This is your private matter and it is not within my scope of work."

As she spoke, she took out a report and scanned it.

At this time, Wang Guanxi thought for a while and said: "By the way, I'm going to find an international headhunter. I plan to replace the chairman and CEO of Huntington Bank!"

"Yes, BOSS"

Then Wang Guanxi returned to the 10th floor of the Blackshirt Center.

In the trading room, black-shirted insurance companies, black-shirted hedge funds,

The traders at the black-shirted investment banks are busy.

The horses came over one after another.

"BOSS!"

Wang Guanxi nodded and said: "Arrange for three financial officers to be stationed at the headquarters of Huntington Bank in Ohio, the United States!"

“The top management of Huntington Bank will not be replaced for the time being.”

"We will wait until the international headhunting company finds the CEO."

The current financial crisis is severe, and Huntington Bank has also been greatly affected. The senior managers will not be replaced for the time being. They will wait until Wu International Headhunting Company finds a suitable CEO before replacing them.

"Yes, BOSS" Everyone hurriedly went to select three financial officers within the group.

Wang Guanxi opened Huntington Bank's financial statements and looked at them.

Huntington Bank's total assets are currently $56 billion.

Loans extended were US$41.09 billion.

It holds $4.384 billion in bonds.

Goodwill is US$3 billion.

Fixed assets of US$520 million

Intangible assets USD 350 million

···

Total liabilities are $50.3 billion.

Customer deposits were US$38.2 billion.

Short-term borrowings are US$3.4 billion, which is a bit high.

Long-term borrowings of $3.8 billion.

Other liabilities were $4.9 billion.

Huntington Bank lost nearly $300 million this year.

“Hopefully things will get better next year”

The financial crisis is still very serious now.

All kinds of financial institutions are exploding.

In particular, the previous Wall Street fraudster Bernard Madoff defrauded US$65 billion, which made the financial world even worse.

The economy is getting worse and worse, and central banks around the world are releasing water on a large scale. After entering the era of speculation, the economy has picked up.

Wang Guanxi is still very confident in this commercial bank in Ohio.

At this time, Wang Guanxi's phone rang. It was Brian Schreiber, the head of Asia of AIG Group.

After being connected, Wang Guanxi asked: "Mr. Brian Schreiber, what's the matter?"

On the phone, Brian Schreiber said: "Mr. Wang, I heard that you are planning to find the CEO of Huntington Bank?"

He also worked at Huntington Bank in his early years, but was transferred.

At present, Wang Guanxi has become the new controller of Huntington Bank, and now the CEO and chairman of Huntington Bank are both from the AIG Group.

In fact, AIG Group and its subsidiaries have deep cooperation with Huntington Bank.

It would not be good to change the top management at once.

When the AIG Group withdraws the deposits and stops cooperation, Huntington Bank will suffer a greater impact.

Wang Guanxi nodded: "Yes, I do have this plan. In the future, the CEO and chairman of Huntington Bank will be held by one person. Professional managers will be hired with high salaries, and of course they will be considered another kind of partners."

The purpose of this is to dilute the power of AIG Group's original senior executives in Huntington Bank and quickly control Huntington Bank without affecting the operation of the entire Huntington Bank.

Brian Schreiber said: "Mr. Wang, I am a little moved when I hear what you say. I have a friend who once served as a senior executive at Citizens Financial Group in Providence, Rhode Island. Currently I have resigned and am traveling in Hong Kong…”

Providence is the name of a city in the United States. It is the capital of the state of Rhode Island and the home of the famous Ivy League private university Brown University.

Citizens Financial Group is also a large financial institution in Providence and well-known in Rhode Island. It is ranked among the best in the United States.

In other words, it can be considered an awesome existence.

Citizen Financial Group owns insurance companies, commercial banks, investment banks, and leasing companies, which are similar in nature to Blackshirt Group.

Wang Guanxi asked: "What's your friend's name?"

Brian Schreiber said: "His name is Stephen Stano. He has many years of commercial banking experience. You can rest assured about this, and he is not from the AIG Group. I recommend him to you because I want to Many friends, maybe Stephen Stano is also the talent you need, Mr. Wang."

This Stephen Stano is his good friend and a very capable person. He naturally hopes that his friend can join Huntington Bank. In this case, everyone can cooperate with each other and trust each other in the future.

And it can also deepen the relationship with super rich people like Wang Guanxi.

Wang Guanxi nodded and said, "Mr. Brian Schreiber, okay, let me talk to Mr. Stephen Stano. Where is he in Hong Kong now?"

Brian Schreiber said quickly: "He is currently at the Grand Hyatt Hotel. Mr. Wang, are you free tonight? Let's have a meal together."

Wang Guanxi said: "Let's make a coffee date right now."

"Okay, Mr. Wang"

At 4:30 p.m., Wang Guanxi came to a coffee shop near the HSBC Building.

In the coffee shop, there were two men, one of whom was Brian Schreiber.

The other man was wearing a black suit, with brown hair, a round face, and a tall build.

Brian Schreiber quickly introduced: "Mr. Wang, this is Mr. Stephen Stano..."

"Hello, Mr. Wang, it's an honor to meet a financial wizard like you." Before Stephen Stano came, he had learned about Wang Guanxi's deeds from Brian Schreiber. It was simply incredible.

Completely unimaginable.

A wizard among financial wizards.

He was really impressed.

Wang Guanxi smiled and said: "It's just so-so, it's really no big deal."

Stephen Stano and Brian Schreiber immediately knelt down in front of Wang Guanxi.

Can this still be said to be average?

Stephen Stano: "Mr. Wang, you are a super rich man at such a young age. It is really rare in the world."

Brian Schreiber also said: "Mr. Wang, such achievements at your age are almost impossible to find in this world."

Wang Guanxi smiled and said, "Sit down and let's chat while drinking coffee."

So everyone sat down and started chatting.

Stephen Stano was born in a wealthy family, but his father went bankrupt. He worked hard and studied hard. He was admitted to Brown University, an Ivy League private university, and graduated with honors.

From 1992 to 2008, Stephen Stano served in various executive positions at Citizens Financial Group in Providence, Rhode Island, focusing on credit, risk management, wholesale and regional banking, consumer lending, technology and operations wait.

He was named president in 2002 and CEO in 2005.

Wang Guanxi asked: "Mr. Stephen Stano, can you tell me the reason for your resignation from Citizens Financial Group?"

Stephen Stano thought for a moment and said: "My wife cheated..."

"Uh?" Wang Guanxi was stunned.

After chatting, everyone shifted the topic to the financial field, and then talked about major banks.

Stephen Stano said: "The financial crisis is still intensifying, and bank stocks have fallen miserably recently."

"I hold a lot of Citibank stocks, and I lost millions of dollars when I closed my position. Citibank is really a scam."

Wang Guanxi laughed: "I shorted a lot of Citibank, Wells Fargo, and Bank of America stocks!"

Stephen Stano was immediately shocked and said: "Mr. Wang, you are really amazing. You shorted Citibank, Wells Fargo, and Bank of America Corporation early on. The stock prices of these three banks have fallen miserably recently. You should have made a lot of money, right?"

The financial crisis is getting worse. Citibank, Wells Fargo, and Bank of America are all

Wang Guanxi smiled and said: "There is a lot of money floating in the book, and the position has not been closed yet. I may close the short order of Citibank tonight."

Fund No. 2, Fund 3, and Fund 4 are shorting Citibank, Wells Fargo, and Bank of America Corporation respectively. They have a lot of floating profits on their books, but they have not yet closed their positions.

However, Citibank's stock price has fallen sharply. If it falls again tonight, it will be the best opportunity to close the position, then buy the bottom, and then go short, and you can make a few waves of money on Citibank.

After chatting for an hour, everyone went to the Ligang Hotel for dinner.

At the dinner, Wang Guanxi directly hired Stephen Stano and appointed him as chairman of Huntington Bank and concurrently as CEO, with an annual salary of US$5 million, plus bonuses. After this year, the annual salary may be as high as more than US$8 million.

Wang Guanxi said: "Stephen Stano, I hope you can take office immediately and help me stabilize Huntington Bank. I will go to the United States in about February!"

This Stephen Stano is indeed a very good talent and can become his front desk player to prepare for Wang Guanxi's future consortium building in Ohio, USA.

If Stephen Stano's wife hadn't cheated on him, he wouldn't have left Citizens Financial Group.

Stephen Stano nodded: "Okay boss, I can return to the United States tonight and take up my post in Ohio!"

He has been resting for several months, playing and relaxing every day, having nothing to do, and has been decadent. Now he is eager to work and to find the value of his life, which is to be a top banker.

Wang Guanxi said with satisfaction: "OK, I will arrange a car to take you to the airport."

Then everyone chatted, and after dinner, Wang Guanxi asked the hotel's motorcade to take Stephen Stano to the Hong Kong International Airport.

Before leaving, Stephen Stano solemnly said: "BOSS, I will stabilize Huntington Bank for you soon and wait for you to come to Ohio, USA."

Wang Guanxi: "Okay, Stephen Stano, I believe in your ability. Don't worry about your work and layoffs."

Wang Guanxi then returned to the Blackshirt Center.

Tonight is Thursday, January 1, 2009.

Citibank's stock price has fallen a lot. When the U.S. stock market opens tonight, if Citibank's stock price continues to fall, Wang Guanxi's No. 2 Fund can close its position.

In the trading room, Huang Shaokai said excitedly: "BOSS, shall we close Citibank, Wells Fargo, or Bank of America tonight?"

Now the stock prices of Citibank, Wells Fargo, and Bank of America have all fallen miserably, and it seems that they can all close their positions.

Wang Guanxi thought for a while and said, "Just Citibank. If Citibank's stock price drops sharply again tonight, we will close our position!"

Zhang Dexi also said: "Citibank's stock price has dropped to 63 US dollars per share. We have a lot of floating profits on our books, and we are finally closing our positions."

The stock price of Citibank has indeed fallen miserably. He has been paying attention to it recently and wanted to close his position long ago, but he did not expect that it would continue to fall.

Wu Zhankun also said excitedly: "Yes, we shorted Citibank long ago, and the interest rates are terrifyingly high."

It’s finally time to close the position and cash out the profits. You must know that the short-selling Citibank stocks were borrowed from Indians, and the daily interest rates are astronomical.

Wang Juehao echoed: "Yes, we shorted Citibank on the night of September 25, 2008, and now it is January 1, 2009. I don't know how much interest we have incurred on Citibank."

He clearly remembered that the stock price of Citibank was over 200 US dollars per share at that time. This short selling at a high level took a long time and the daily interest was hundreds of thousands of dollars.

Bai Weiqiang said sadly: "The annual interest exceeds 500,000 US dollars. To be honest, the total interest in these three months is terrifyingly high. Fortunately, we have a lot of floating profit on our books, and the floating profit exceeds 70%."

The principal amount of Fund No. 2 is US$1.032 billion!

When I shorted Citibank, Citibank's stock price was at US$220 per share at that time, and I borrowed 5 million shares from Nehru of India's private pension fund, worth US$1.1 billion.

The interest is 1.5% per month, which is US$16.5 million. In the past three months, more than US$50 million has been paid in interest.

Fund No. 2 shorted 5 million shares of Citibank, with a position of $213 per share.

Now Citibank's stock price has fallen to $63 per share.

The floating profit per share was US$150, for a total floating profit of US$750 million.

The net value of the account is as high as US$1.782 billion.

Wang Guanxi said: "Get ready tonight. When the market opens, keep an eye on me."

"Yes, BOSS" Everyone was very excited.

But before the U.S. stock market opened, a piece of news about Citibank emerged.

Wall Street Journal: [Citi's life and death crisis]

Since the collapse of Lehman caused the collapse of Wall Street and the complete freeze of the credit market, in the eyes of investors, any institution has the possibility of collapse at any time. Everyone did not lend money to each other, causing the capital market to freeze until the US$700 billion rescue plan was introduced. The credit market is gradually thawing.

But recently, a flurry of deflationary economic news, massive liquidations of leveraged loans and commercial real estate mortgage-backed securities by hedge funds, forced fire sales of home mortgage products by insurance companies and fund managers, and a complete loss of confidence in Citigroup have led to a complete panic.

Credit markets froze again as nervous investors flocked to the "safe haven" of U.S. Treasuries.

The 3-month Treasury yield fell to zero, while the two-year Treasury yield fell below 1% for the first time in history.

On the previous 19th, the bond market fell to its lowest point in more than 20 years.

The Dow is back to 1997 levels.

It is not yet clear where the bottom of the market will be.

The collapse of Lehman was the overall outbreak of the investment banking crisis, and now the fire has spread to commercial banks like Citigroup, which is considered to be a signal of the arrival of the second wave of the financial tsunami.

Bloomberg: Citibank will trigger a second wave of financial tsunami!

"This is simply a divine assist before the stock market opens," Wang Guanxi said in surprise, "Citibank's stock price will definitely continue to plummet tonight."

Unexpectedly, before the market opened, the media broke the news about Citibank.

Huang Shaokai said excitedly: "Citibank's stock price will definitely continue to plummet tonight, and we can successfully close our position."

Zhang Dexi also said: "Yes, after closing the position tonight, we will make at least more than 700 million US dollars."

Wu Zhankun said excitedly: "After closing the position this time, I will return the Citibank shares to the Indian private pension funds. Finally, I don't have to pay them interest."

Wang Juehao: "Yes, but this time both India Pension Fund and Industrial Trust Investment Bank of India suffered heavy losses from Citibank."

Bai Weiqiang: "Compared to their losses, this interest is simply insignificant."

Wang Guanxi laughed: "Actually, the interest is tens of millions of dollars, but they lost at least 10 times more."

"Just wait for Citibank's stock to continue plummeting tonight."

"Haha, piss off Nehru and Sandeep Batra"

··

At this moment, private pensions in India, Nehru looked at the news headlines with a gloomy face!

"hateful!"

"Damn it, Citibank's stock price has gone up and down in the past three months, and it has plummeted recently!"

“I don’t know where I will fall tonight.”

"This bastard black-shirted group!"

"well!"

Indian private pension funds hold 5 million shares of Citibank, with a position of $136 per share!

Today, Citibank's stock price has fallen to $63 per share, with a loss of $365 million on the books.

Now he feels regretful, hateful and jealous.

He took the cup and smashed it on the ground crazily to vent his anger!

boom!

"I can't lose like this!"

"Citibank stocks must be held. If not for one year, then ten years!"

"Grass!"

As for Industrial Trust Investment Bank of India, Sandeep Batra's chest was very congested and his face was a little distorted.

"I'm afraid Citibank's stock price will continue to plummet tonight."

"Damn it, I don't know how much excess profit there is on the books of this black-shirted insurance company."

"Grass!"

"I hate it!"

Industrial Trust and Investment Bank of India holds 6 million shares of Citibank, with a position of $215 per share. Now Citibank's stock price has dropped to as low as $63 per share, with a book loss of up to $912 million!

Not only did Citibank's stock price plummet, but Wells Fargo's stock price also fell sharply.

Industrial Trust of India holds 50 million shares of Wells Fargo Bank, with an average position of $22 per share, and the profits on the books have almost disappeared.

"Oh, what a fool"

"I recently managed to make $900 million elsewhere, which just ended up filling the hole for Citibank's losses."

"Black shirt insurance!"

"Blackshirt Group!"

"Wang Guanxi, your grandson has invested in so many rubbish semiconductor companies in mainland China. Sooner or later, I will ask the technology giants who hold shares to cancel all your orders."

"I will not sell this Citibank stock. I will hold it for more than 10 years!"

Soon, the U.S. stock market opened.

Citibank's stock price plummets!

It gapped $13 at the opening and opened at $50 per share.

A large number of hedge funds, asset management companies, investment banks... various financial institutions, including retail investors, are selling Citibank shares.

Then Citibank’s stock price began to plummet!

49.50

49.10

48.20

47.44

46.42

··

40.00 position!

Soon at 11 o'clock in the evening, it fell below 40.00!

Dropped to 39.00

Wang Guanxi shouted: "Close the position!"

"Yes, BOSS" Huang Shaokai and others began to close their positions.