Bang!
A bottle of champagne was opened, and Fu Guangzheng poured a glass for everyone. All of them raised their glasses to celebrate.
"Feng Yu, Lehman Brothers had applied for bankruptcy protection just like what you said. This is the 4th largest investment bank in the US, and it will be a huge blow to the US financial industry. "Fu Guangzheng said excitedly.
After Bear Stearns went bankrupt, Lehman Brothers had also applied for bankruptcy protection!
Feng Yu and his men were the biggest manipulators behind the scenes. These manipulations were not easily seen through.
The easiest way was to use some small investment companies to make investments. But for non-listed companies, these investments can be kept confidential.
This was also the most common method used by those ancient families in Europe. This was also why there were so many hidden tycoons in Europe. They used these companies to invest, and then the companies would set up another company. After layers of entrustment, no one would know that the money was invested by them, and no one would know exactly how much they had.
Just like the Rothschild Family. They only had 10 billion euros of assets. Who would believe them? How could they have such a high status with so little assets?
These financial capitalists use these methods to hide their investments. Even if their investments cause many people to suffer heavy losses, no one will know that they are the culprits, and they will be blamed by others.
For example, in the US financial market, many investors were scolding financial institutions from the US and Europe. Many people knew that Wind & Rain Consulting, Taihua Consulting, etc. had been growing, but who knows how much of it was Feng Yu's funds?
Even He Zhaoji does not know, let alone outsiders. Unless Feng Yu hired someone to calculate, Feng Yu could only make a rough estimate. Many of his investments had been passed through many companies, and he had to pay some fees.
Feng Yu took a sip of champagne and put down his glass. "Although Lehman Brothers is not small, it is still not comparable to those state-owned banks in the US. Look at Merrill Lynch and the other banks' bankruptcy. The impact will be bigger than Lehman Brothers. "
"This is just a step in our plan. We want the American banks and other financial institutions to go bankrupt. This is our chance to invest in those old banks. Only then can we truly stand at the top of the world!"
Lehman Brothers was considered a veteran bank with more than a hundred years of history. It was much older than those state-owned banks in Hua Xia.
But compared to those ancient banks in Europe, it was still a far cry. The older the bank, the more deeply rooted it was. Although Lehman Brothers went bankrupt, the shareholders did not necessarily suffer losses.
Lehman Brothers' current market value was only about 6 billion USD. How could it have debts of more than 500 billion USD and still receive funding?
Who would believe that the shareholders weren't involved? Lehman Brothers had been insolvent since last year. However, everyone was blinded by the profits on the surface and couldn't see that they were small horses pulling a big cart.
Once their profits fell, losses would immediately appear. Just the interest on those loans alone was an astronomical figure, not to mention that the interest was constantly increasing, and many of them were compounded.
The debts were like a rolling snowball, getting bigger and bigger, and finally reached a point where it could not be pushed anymore. Those shareholders had already used other means to get rid of the debts and put the money into their own pockets.
Of course, there were also some who stood up to take the blame. For example, the two CEOs of Lehman Brothers last year and the first half of this year were like this. There were also some smaller shareholders.
Feng Yu had been eyeing the banking industry for a long time. This was the most traditional financial industry. Although Feng Yu thought that the online financial industry would rise in the future, no one could deny that the traditional financial industry was still the largest.
Online banking, even if it was a type of online financial industry, still had to rely on traditional banks. Otherwise, it would lack credibility, and once there was a cashing problem, the cash flow would be cut off.
There were also online payment tools such as Alipay, Paypal, etc., which also needed to be linked to or even tied to a bank account. Traditional banks were the foundation.
Feng Yu had invested in the first private bank in China – Minsheng Bank, but the development of Minsheng Bank in China was restricted by many factors.
Although Minsheng Bank had the shares of many tycoons and had a good credibility, it was still limited by the number of branches and business development. That was why it was not as developed as the state-owned banks.
For example, it was easy for state-owned commercial banks to handle some mortgage, car loans, etc., but it was not easy for Minsheng Bank. If it was not for Alipay's support in China, Minsheng Bank's online banking business would still be the same as Feng Yu's previous life. The bank's development was about the same as a provincial bank.
Feng Yu could understand the government's decision. This way, the government could adjust the situation and balance the market. But it was too unfair to Minsheng Bank.
The higher-ups were scared when they saw the names of the shareholders of Minsheng Bank. They were afraid that Minsheng Bank would become the biggest commercial bank in China, and the banking industry would be out of the government's control.
The other shareholders were all on the Hu Lian Rich List, and Feng Yu, the World's Richest Man, was enough to make the higher-ups worried. It was not that the higher-ups were worried about Feng Yu manipulating the market. With Feng Yu's wealth, there was no need to do so.
Now, the financial experts all over the world were saying that even if Feng Yu was lying down, as long as he did not meet any stupid managers, the growth of the companies under Feng Yu's name will ensure that Feng Yu will be the World's Richest Man until he dies. No one can surpass him!
After all, Feng Yu still has many unlisted companies under his name, and their valuations are much higher than their current market value. But Minsheng Bank is not listed. What can the government do? If Minsheng Bank does not lack money and attention, why must it be listed, disclose its financial status, and share the profits with others?
Those people were worried that the state-owned banks would not be as developed as Minsheng Bank, and that would be embarrassing.
This time, Feng Yu had led a team to the US financial market. It was not only to attack the US economy, but also to acquire some financial companies in the US.
Of course, those companies could still be salvaged. Feng Yu was not interested in Lehman Brothers.
This way, Minsheng Bank can go out of the country and earn money overseas. At the same time, it will increase the bank's risk resistance, profitability, and scale.
A commercial bank that can only operate in its own country is not considered successful. The state-owned commercial banks were also going out of the US, but their development was not smooth. But now, the opportunity is here.
In the first half of this year, Feng Yu had quietly acquired some small financial companies through some investments in different states in the US.
When all these companies are combined, it will form a huge business network. But to operate it, it will require a lot of funds. Now, Feng Yu's funds are all invested in the financial market. After the end of this year, it will be time for him to enter the traditional financial industry!
… …
You've already exceeded your reading limit for today. If you want to read more, please log in.
Login
Select text and click 'Report' to let us know about any bad translation.
