Rebirth of the Strongest Tycoon

On the morning of November 16th.

Negative news about Wells Fargo has been reported in newspapers almost across the country.

This time, there is no need to lie.

The news content of major media and newspapers is directly "Wells Fargo Bank's branches in many places encountered a crisis of withdrawal", "Depositors queued up in front of Wells Fargo ATM machines overnight to withdraw money", "Wells Fargo ATM machine backup deposits were empty, and angry depositors smashed their profits. ATM machine" and so on. 166

These news contents have actually happened, and they have also been photographed by many media.

The previous content can be ignored.

This content alone is enough to send unidentified readers to Wells Fargo to make deposits.

Therefore, before it was time to go to work, there were long queues at the gates of Wells Fargo branches across the United States.

As the working hours came, the branches of Wells Fargo all over the country were crowded with people, and the nearby American police had to go to the scene to maintain order.

If this kind of sudden crisis cannot be handled properly, then Wells Fargo's capital chain will really be in trouble.

After getting reports from various places.

Wells Fargo President Arman Simmons was furious.

If this continues to drag on, even if the crisis is finally resolved, the savings will still be lost!

So, at 8:30 am, Wells Fargo headquarters held a grand press conference.

Hundreds of media outlets, including newspapers, radio and television stations, were present at the press conference.

Of course, the media in which the consortium participates, or the media of allies, are all placed in a better position in the front.

"Da da da……"

When Arman Simmons walked out from the back with a sullen face, the originally noisy press conference was silent at first, and then a louder discussion broke out.

"Quiet~"

"Please keep quiet and obey the order, the press conference will start soon~"

The secretary of Yarman Simmons called loudly on stage, and the security and staff off the field also tried their best to maintain order.

"Keep quiet everyone, I'm Yarman Simmons, President of Wells Fargo, and thanks to all the media friends for coming!"

"In order not to waste everyone's precious time, please obey the order."

After Arman Simmons took his seat, he turned on the microphone directly, spoke louder, and suppressed the noisy voice.

Sure enough, what he said, the effect was immediate.

Yarman Simmons nodded slightly and continued: "The press conference officially begins, I will..."

...

This press conference was broadcast live by several major national television news networks.

Xia Yu, who was far away in Pennsylvania, accompanied Xian Di and watched the press conference through CNN's news network in front of the TV.

Sandy also knew that Wells Fargo was an ally invited by her husband Xia Yu for the Mellon family. The reason for this crisis was because it spent tens of billions of dollars to help the family.

Therefore, when the Mellon family discussed this matter, Xiandi was also worried about Wells Fargo and asked Xia Yu about the situation.

Although Xia Yu told her that it was all right, the husband and wife were connected. Yesterday, she felt that her husband Xia Yu had a burning anger in his heart.

"Damn Cleveland Consortium!"

"We are conspiring against our family, and now we are taking revenge against the Polaris consortium."

Xian Di, who was holding Xia Yu's arm, suddenly muttered angrily.

Xia Yu, who was watching TV, turned his head slightly, kissed Xian Di's forehead, and said softly, "This group in Cleveland really deserves to die, but don't worry, keep watching, Wells Fargo will get through the crisis."

"Yeah!" Sandy nodded lightly and continued to look at the TV.

On the TV screen, Wells Fargo President Yarman Simmons looked murderous, propped his right elbow on the table, clasped his right hand with four fingers, and pointed his index finger diagonally to the sky, explaining the situation angrily.

"On the morning of November 15, the Cleveland News, without evidence,

Malicious rumors that there is a problem with our company's capital chain is a manifestation of irresponsibility to the country and all citizens, and it is wanton trampling on the dignity of the law! "

"Wells Fargo, as the third largest bank in the United States, shoulders the important responsibility for the stability of the American financial system, and has been serving the whole society wholeheartedly, but there are conspirators who want to use despicable means to bring us Wells Fargo into crisis!"

"My company has sued the court against 23 newspapers including The Cleveland News. I believe that the law will always be on the side of justice!"

"Clap clap clap..."

After Yarman Simmons expressed his tough attitude, he saw wild applause from the field, and all the reporters were in high spirits.

Wells Fargo is taking the initiative to make things bigger, at least for the next two weeks, they have no shortage of news topics!

"Now start the middle question session!"

As soon as Yarman Simmons finished speaking, all the reporters in the audience raised their hands.

The first chance, Yarman Simmons, of course, gave CNN of the consortium department.

"Hello, President Yarman Simmons, The Cleveland News reported that Wells Fargo has consumed tens of billions of dollars in funds in the last half month. Is this true?"

After the reporter's question, Yarman Simmons immediately replied: "We did spend tens of billions of dollars to invest in some companies, but this is a normal business practice. We provide depositors with the highest deposit interest rate in the United States, for the health of the bank. Development and maintaining high capital turnover is our way of doing business." 78中文网

"Wells Fargo's asset management division is responsible for generating revenue for the company and preserving the value of the money."

"The Cleveland News questioned the huge risk in our capital chain just because we Wells Fargo invested tens of billions of dollars abroad."

"But they don't know that before this series of investments, our company's asset management department has cleared some low-yield assets and withdrawn tens of billions of dollars in advance."

"So this large-scale acquisition is just a very normal asset structure adjustment!"

"Here, I appeal to all Wells Fargo depositors, please believe us as always, and don't be misled by malicious media, withdrawing your deposits early will wipe out the interest you deserve."

"Thank you for your answer, I am very satisfied."

The CNN reporter bowed slightly and sat down.

Yarman Simmons immediately ordered the next reporter, who came from USA Today, the number one newspaper in the United States.

"President Yarman Simmons, how do you prove that Wells Fargo has no problems with its capital chain?"

Yarman Simmons said confidently: "That's a good question."

"First of all, we have sufficient liquidity, and we have invited officials from the Financial Services Authority to supervise and inspect our capital chain. The person next to me is Mr. Jerry Pfister from the Financial Services Authority, he Testify for us."

"Later, you can ask Mr. Jerry Pfister about the situation."

When Yarman Simmons spoke, his palm pointed to the Jerry Pfister beside him, who also got up and bowed to everyone.

Amid some riots off the field, Arman Simmons continued: "Other than that, we at Wells Fargo are strategic partners with Northern Trust, Mellon Financial, Toronto-Dominion Bank and Scotiabank."

"Northern Trust has a $3 billion line of credit to us, Mellon Financial has a $4 billion line of credit, and Toronto-Dominion Bank and Scotiabank each have a $5 billion line of credit. ."

"These four big banks have a combined credit line of 17 billion US dollars for us, and we can get financial support from these four large banks at any time."

"The representatives of the four banks, all sitting on the podium today, can attest to our partnership."

"In addition to our original stable funds, who can tell me under what circumstances will there be problems with the capital chain?"

When it came to the end, Arman Simmons spread his hands and sneered, as if mocking the ignorance of the "Cleveland News"!

The reporters in the audience were shocked. They didn't expect Wells Fargo to have such a strong strength and cooperative relationship.

Almost all the reporters present believed Yarman Simmons' words.

...

Next, the questioning continued, with officials from the Monetary Authority and representatives of several major banks all being interviewed, corroborating the words of Yarman Simmons, slamming the sinister conspirators, and calling on depositors to stay sane and calm.

The content of the press conference was broadcast live by major news networks throughout.

And Wells Fargo's branches across the United States have televisions installed, and all of them are broadcasting the news conference.

The depositors gathered at the branches of Wells Fargo Bank looked at it, and they regained their senses. Almost all of them gave up the idea of ​​withdrawing money. Many people even yelled at them.

The question-and-answer session lasted for more than half an hour.

Just when everyone thought the press conference was over.

Yarman Simmons announced one more thing.

Wells Fargo has been on a path to orderly expansion.

The reason why many depositors believe the rumors this time is because of the frequent thunderstorms in the US banking industry in the past two years.

But Wells Fargo is different from those banks. Wells Fargo has healthy cash flow and an excellent business model. It is the best bank in the United States.

In order to prove his strength, he will announce some development plans that have been prepared in advance.

That is, Wells Fargo will launch an acquisition of some banks such as Cleveland Trust Company, Cleveland National City Bank!

When Yarman Simmons finished speaking, the press conference site was quiet for a moment, and then all the reporters became excited again and wanted to ask questions again.

But Yarman Simmons did not give them another chance and left the podium with everyone.

In front of the TV, many people were shocked by Yarman Simmons' final domineering announcement.

Of course, there are also people whose scalp tingles instantly.

For example - Douglas Mather et al.

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