The first thousand eight hundred and seventy-four chapters cut a knife
In the building of the North American Trust Headquarters, Smith, with a layer of wax on his hair, sat in the office without any image, with his feet in the office. As for the coffee sent by the personal secretary of Balenciaga, Smith took it over and then sent it away, so that the blond and blue-eyed figure was no less than that of the Miss America's Beauty Pageant, he could only leave with resentment.
Looking at the entire Wall Street, the female secretary, assistant, etc. of North American Trust Fund are among the best, worthy of Smith's New York Playboy title. This makes girls who want to squeeze into North American Trust Funds no less than those who want to become famous in Hollywood. After all, Wall Street is really paid high, and the chances of becoming famous in Hollywood are too low.
But at this moment, Smith didn't care about these little secretaries or the like. He picked up the phone and said to Chen Chu, "Chen, Bear Stearn is going to be sold!"
For Bear Stearns and those investors who have purchased Bear Stearns stocks, funds, and bonds, this is the darkest year. It is likely that the salary and pension you will count on will be wiped out at this moment. But for some people, this is undoubtedly the opening of a feast. Chuko's vest in North America, and North American trust investment banks belong to the latter!
"It's really cheap Morgan Investment Bank. Who would have thought that Morgan Investment Bank would actually buy Bear Stearns for $200 million, and there were people who paid for it!" Smith Jr. couldn't help but say in envy and scolding.
They are also eyeing this big meal, but the one who can really enjoy it is Morgan Investment Bank. Who knows what magical powers Morgan Investment Bank has used to make the North American finance departments and the Federal Reserve jointly collect purchase orders for Morgan Investment Bank this time.
Although Morgan Investment Bank was in the name of taking over the debt of Bear Stearns and acquiring Bear Stearns at a very low price, compared with Bear Stearns' direct debt of $31 billion, Morgan Investment Bank actually attracted an investment of $28 billion.
That is, Morgan Investment Bank, after receiving $28 billion in investment from North American finance and other departments, then acquired Bear Stearns and then took over the debts of Bear Stearns. It seems that it still has to bear billions of debts, but don’t forget that this is Bear Stearns, a fully mature global investment system, banking business, hedge funds, futures business, and huge industries.
The industries under Bear Stearns alone are worth more than a few billion US dollars. This is a classic work that makes a fuss. But other investment banks can only watch Morgan Investment Bank eat this big meal. After all, they are not as powerful as Morgan Investment Bank, and they can bring in 28 billion US dollars of funds. Now major banks and investment banks are like frightened birds, so how dare they take out such a large amount of money to bet?
Other investment banks have no chance, which does not mean that North American trust and investment banks do not have them either. North American trust and investment banks have huge cash in their hands. As long as they can squeeze into the feast of annexing Bear Stearn, then for other institutions, Bear Stearn, which is like arsenic, is a candied fruit for North American trust and investment banks!
"Chen, the headquarters building of Bear Stearns is now priced at $1.2 billion. The price offered by Morgan Investment Bank for Bear Stearns is only $200 million. The entire Bear Stearns Investment Bank is now bargain!" When Smith Jr. said this, she couldn't help but swallow her saliva.
After hearing this, Chen Chu couldn't help but shake his head. As expected, if you want to know how to play, you still have to look at Wall Street. Chen Chu is sure that there must be something wrong with Morgan Investment Bank's acquisition of Bear Stearns. Not to mention anything else, just a purchase price of 200 million US dollars is almost a pure humiliation.
If the management of Bear Stearn Investment Bank accepts such a offer, it will definitely form some kind of agreement with Morgan Investment Bank. Maybe it will implement an agreement like "golden parachute" and let Bear Stearn's investment bank take a large amount of funds and then withdraw from Bear Stearn.
There are many ways to deal with this, but there is no doubt that Bear Stearn is a piece of fat, especially Bear Stearn, which has solved the debt problem. The brand alone is worth hundreds of millions of dollars, not to mention the user group that Bear Stearn has accumulated over the years.
Bear Stearns owns the world's top investment, funds, futures, securities and other talents, Bear Stearns Commercial Bank, retail department stores, hedge funds, etc. These are all high-quality assets. Now it's just Bear Stearns can't pay back the money, and it's not these industries, it's really worthless.
Smith Jr. is waiting for Chen Chu's decision. Whether to enter this feast depends on Chen Chu's wishes. Once Chen Chu agrees, if North American trust and investment banks can swallow up some of Bear Stearn's business, then North American trust and investment banks may have to survive this most difficult period and become one of the top investment banks on Wall Street!
Chen Chu thought for a moment that if North American trust investment banks really can swallow up some industries of institutions such as Bear Stearns and Lehman Investment Bank, it will be of great benefit to Chuke's future cutting leeks around the world.
"You are preparing North American trust and investment banks to evaluate the industries that may be acquired. I will call David Mark, president of Morgan Investment Bank!" Chen Chu pursed his slightly dry lips, and Chu Ke is about to start cutting the first cut!
Hearing Chen Chu's words, Smith responded immediately. After hanging up the phone, Smith couldn't help but turn around excitedly in the office several times, then looked up at the huge floor-to-ceiling window. He seemed to be able to see that one day he sat in the scene inside the company that belonged to Bear Stearns headquarters. At that time, Smith couldn't say that he could also experience the day of calling the wind and rain on Wall Street!
Chen Chu visited the headquarters of the Morgan Investment Bank, which he had visited for the listing of Oriental.com, and now it was busy, with countless people coming and going, and conference rooms of all sizes were full of people.
To take over Bear Stearns, it will involve an acquisition of $30 to 40 billion. After the acquisition is completed, it will also deal with Bear Stearns' debts and arrange Bear Stearns's entire world's many industries and tens of thousands of employees. It is also a test for Morgan Investment Bank.
Several powerful figures who had just sent away the North American finance department agreed to some private transactions, a purchase of tens of billions of dollars. If there is no private transaction here, it would be really a hell.
As the president of Morgan Investment Bank, David Mark couldn't help but feel tired and stretched his waist and touched his bald head. David Mark also felt a little tired. Although Morgan Investment Bank was not worried about falling down this time, it also suffered a considerable loss due to the subprime mortgage crisis, which was also a test for David Mark.
David Mark, who was about to take a break in the conference room to welcome the next meeting, suddenly the door was pushed open, and the assistant hurried in, "Boss, you have your phone number!"
"Tell them that I don't have time, and Morgan Investment Bank will never lend them funds!" David Mark thought it was another company or real estate company on Wall Street, and subprime mortgage companies came to the company to borrow money to extend their lives. Because during this period, he received too many such calls, which naturally made David Mark have no good temper.
"It's not a company on Wall Street, it's the founder of Chuko Technology!" the assistant hurriedly said to David Mark.
As soon as he heard Chen Chu, David Mark couldn't help rubbing his teeth, feeling that his blood pressure was a little high. Now when he heard Chu Ke's technology, he couldn't help but remember the fact that a group of Wall Street institutions, including Morgan Investment Bank, raised funds for Chu Ke last year. Judging from now, this is undoubtedly the Wall Street Investment Bank, who sold himself and helped Chu Ke count the money.
David Mark knew very well that when the entire investment industry came to its senses, he would know whose era this year would belong to. Chuko, who had so much cash lying on his account, would undoubtedly become a savior-level existence.
"Come on the phone!" David Mark felt that there was nothing good about Chen Chu calling at this time, but he didn't want to offend Chu Ke, especially at this critical moment. Chu Ke was going crazy at this time. Like Michael Bury, who was tired of working, if he did it against Wall Street, David Mark would be in trouble.
Now, no matter which industry they are in, they basically suffer heavy losses, but Michael Bury makes a lot of money in the prototype of the movie "big short seller".
He is the first investor to short the North American real estate subprime mortgage. He has obtained a 500% first return rate this year alone, which is simply crazy. He has made more than one billion US dollars this year.
But Michael Bury only has a lot of weight, at most it is to give some blood to the institutions on Wall Street, and it cannot take the lives of all the institutions on Wall Street. But once Chuko goes crazy, with the huge amount of cash in his hand, he can really send institutions on Wall Street, including Morgan Investment Bank, to hell together.
"Chan, I think it won't be any good news to receive your call at this time!" David Mark still maintained his usual strong attitude.
Chen Chu laughed, "President Mark, I was very disappointed when I heard this answer. I think Chuko and Morgan Investment Bank have always had a cooperative relationship."
"On the contrary, what President Mark heard this time is not only not bad news, but also good news. Chu Ke will repurchase equity for Facebook, Autohome, Oriental Net, etc., and the funds involved are likely to exceed 1.5 billion US dollars!"
Hearing Chen Chu's words, David Mark not only did not feel Panasonic, but instead mentioned the spirit even more. When other technology giants were trying to collect funds, Chuko went the other way, which inevitably made people doubt that Chuko was willing to take out such a large amount of funds at this time, which means that Chuko might get more!
"I think Wall Street will welcome your decision," said David Mark. "But I think Chen may have other requests?"
Chen Chu was not going around the corner, "No, Chu Ke's request will never make President Mark embarrassed!"
Chapter completed!