Chapter 1066: 1066

Sometimes crises do have both dangers and opportunities. For example, the global stock disaster on Black Monday has given winners who have made a lot of profits from the international exchange rate shock a great opportunity to release energy and bargain hunting stocks.

Take the stock of Gaoyi No. 1 bottom reading bank. On the New York stock market, the share price of Bank of America fell below $8. Before, because Sanford Weill failed to compete for the CEO of Bank of America, Gaoyi No. 1, which sold the stock of Bank of America, just killed a shot in the arm, and made a profit with just one entry!

Bank of America's share price fell sharply under the impact of the global stock disaster on Black Monday, which is a response that it has not completely got rid of its operating difficulties in recent years.

However, compared with the operating difficulties, the British banking industry, which is also deeply affected by the failure of investment in the Latin American market, has performed worse. The four major British settlement banks, such as Royal Bank of Scotland, Barclays, Lloyd's Bank and mithran bank, are worse than each other.

There is also an impact worth mentioning, that is, in order to maintain the inferior position of London as a global financial center, the British government completely liberalized the British financial industry last year, and the British banking industry, which began to enjoy, was a little rash.

The so-called "liberalization" of the British financial industry must not only allow foreign investors to acquire local financial institutions, but also include the freedom of mechanism.

For example, after the great stock market crash on Wall Street in 1929 and the great depression, most developed capitalist economies introspectively built a "firewall" among commercial banks, investment banks and insurance.

For example, Morgan Stanley was founded by investment bankers who left JPMorgan because of this policy change. In order to facilitate its market activities in the United States, Gao Xian made a Gaoyi country outside Gaoyi.

However, over the past decade, the signs of policies and countermeasures have become more and more obvious. In fact, commercial banks can detour their tentacles into the securities business, and the "firewall" of the insurance industry has almost been removed.

In the 1980s, various mergers and acquisitions emerged one after another, junk bonds became popular, the stock market was bullish, and institutions became the protagonists in the market... We can often see the shadow of funds provided by commercial banks and insurance companies.

Therefore, it is not difficult to imagine that when the British financial industry is liberalized and foreign capital is pouring in for large-scale acquisitions, the British banking industry can also expand the investment banking business that was originally prohibited. As a result, rollovers are common.

For example, the National Westminster Bank, which is slightly inferior to the four major settlement banks in the Jianghu, has become the most typical example of failure!

As simple as possible, National Westminster Bank was involved in the securities trading fraud case of blue arrow, the leader of the UK human resources industry.

In June this year, blue arrow made a big move involving the acquisition of £ 1.3 billion, of which £ 873 million was financed by issuing new shares. As a result, the issuance of new shares was not smooth, which was deliberately covered up by the investment banking department of National Westminster Bank.

Blue Arrow's securities trading fraud is no less sensational than the Guinness scandal. Think about how much negative impact Morgan Jianfu has been!

A large group of senior executives led by the chairman of the board of directors of National Westminster Bank have lost their position. As a result, the house leakage happened to rain at night, and suffered a serious impact in the global stock market disaster on Black Monday.

In any case, the huge assets of National Westminster Bank were placed there, which did not affect the driving force of Gaoyi to copy the bottom of its stock. As a result, Gaoyi didn't pay attention, more than 5% and had to raise its cards. It can be regarded as helping National Westminster Bank, which is currently caught in a huge scandal, to restore some market confidence.

For mithran bank, which is currently at the bottom of the four major settlement banks in the UK, Gaoyi has not let go, but it is obviously not as sensational as Huifeng, which comes from behind!

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Because Huifeng spent 383 million pounds at one go and bought 14.9% of mithran bank at a premium, which can be said to be generous.

Of course, Huifeng must have sufficient reasons to do so. For example, it requires two board seats on the board of directors of mithran bank, so as to lay the foundation for Huifeng's "triangle stool" business internationalization strategy European site.

After Gao Xian received the information, he immediately felt refreshed and said, I'm waiting for Huifeng to take this step.

In fact, since Shen Bi, the last Huifeng senior class, began to promote the internationalization strategy of "triangle stool" business, Huifeng has made considerable efforts. For example, for its European strongholds, Huifeng has studied the acquisition feasibility of no less than 30 European banks, but they all ended up in vain because of the other party's unreasonable price or narrow business foundation.

The purchase price is too high to understand, but what does it mean to have a narrow business foundation?

A brief look at Huifeng's history shows that when it was in old China, it was a financial overlord, handling salt taxes and tariffs in old China; After the business focus was withdrawn to Xiangjiang, it became the quasi Central Bank of Xiangjiang and the overlord of the banking industry.

To put it bluntly, Huifeng always eats the best meat and drinks the freshest soup. The acquisition target is a commercial bank at the level of National Westminster Bank. It must be a commercial bank at the level of the commonly known "four banks".

There is another psychology that is not difficult to guess, which increases the difficulty for Huifeng to find a satisfactory base in Europe. That is, in the business internationalization strategy of "triangle stool", Huifeng, as the leader of British funded Far East interest group, naturally wants to place its European base in the UK as a new headquarters, which is different from the American base.

In addition, some mechanisms accompanied by Xiangjiang quasi central bank are also slowing down Huifeng's pace.

When trying to compete with Standard Chartered Bank and Lloyd's Bank for the acquisition of Royal Bank of Scotland, the responsibility of the lender of last resort of Xiangjiang banking industry made the UK have great concerns.

After the last lender of Xiangjiang banking industry dumped it to Xiangjiang foreign exchange fund, Huifeng regulation has become the next obvious stumbling block. It is difficult for the shareholders of the target to accept that the shareholding ratio can not exceed 1% without complying with the prevailing company law.

Even if Huifeng wants to give up the Huifeng Ordinance, it has to abide by the Huifeng Ordinance again and pass the pass of the Legislative Council of the Hong Kong government. But because there is a high chord, many people in Xiangjiang are not fooling Xiaobai.

Therefore, until the current Black Monday global stock disaster created the best opportunity to copy the bottom of the stock, Huifeng finally locked in such a desirable goal of mithran bank. However, this big deal is still far from the degree of acquisition. To be exact, it is bilateral cooperation. Just like falling in love, make friends first. When we understand each other and the economic conditions are mature, Buy a wedding room, hold a wedding and get married formally!

On the phone, Gao Xian only smiled and said a word with Ma Yongxiang, who was responsible for purchasing bank shares, so he could move forward.

As a result, an interesting scene appeared. Gao Yi quickly gathered some shares of mithran bank from contacts such as Deutsche Bank and Morgan Jianfu. After calculation, holding a sign, he ran to mithran and Huifeng, who were flirting. Frankly, add me. About 8% of the shares are enough to have a seat on the board of directors!

In this regard, not to mention Huifeng's surprise and anger and mitlan's fickleness, the outside world is generally confused. It's difficult to know without raising the card. Gaoyi bought the shares of several big banks

Gaoyi can naturally give its reasonable motivation to reach a close cooperative relationship through investing in bank stocks. Especially in the new banking business, Gaoyi has a lot of experience. For example, in June this year, the British banking industry launched the first debit card brand.

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