Rebirth of the Strongest Tycoon
Vol 3 Chapter 1144: Ice and Fire 2
"Patter!"
"Ring Ling Ling..."
The headquarters of Heung Kong Galaxy Fund.
Xia Yu just hung up the phone, and after a two-second pause, the phone rang quickly again.
With a smile on his face, Xia Yu answered the phone directly: "Hey, how is the situation?"
"..."
"I see, pay attention to concealment, pay attention to the market situation at any time, must not be careless, report to me as soon as there are special circumstances!"
"Patter!"
Xia Yu said concisely, after speaking clearly, he hung up the phone decisively.
After answering the eight calls, Xia Yu got up from the chair in front of the desk and walked to the floor-to-ceiling window, considering that there should be no calls for the time being, looking at the tall buildings and the blue sky in the distance. He only felt very happy. !
With the Mexican government disregarding the country’s credibility and voluntarily announcing a default of 87 billion US dollars in debt, the final risk of his plan has finally disappeared and it is fully on track.
The loss-making team no longer loses money, and fills the floating loss extremely quickly, and then the floating profit rises all the way.
As other international capital rushed into various markets, the floating profits of the Galaxy Fund, which had been deployed early, rose further.
It's like the Mexican peso and the Mexican stock market.
The dumping of Mexican pesos and Mexican stocks by international capital accelerated their plunge.
As a short seller, the Galaxy Fund naturally hopes that the Mexican peso and the Mexican stock market fall as low as possible.
Other companies wanted to short the Mexican peso, but it was too late to enter.
But international capital is not a fool.
Since the Mexican government dares to default, the risk of default in other Latin American countries will increase indefinitely.
Therefore, even if Brazil, Colombia, Peru and other countries have not defaulted, the stock markets and currencies of these countries have begun to fall.
At best, the decline is not as large as Mexico's.
But as long as these countries follow the trend and default, then the plunge will only happen sooner or later.
...
London, England.
Lloyds Bank immediately called all directors to convene an interim board of directors after receiving news of Mexico’s sovereign debt default.
At the meeting, many directors breathed a sigh of relief after learning that Lloyds Bank did not hold Mexico’s sovereign debt, and that it only held Brazil’s sovereign debt of less than 50 million pounds.
Fortunately, there is no sovereign debt of the Mexican government.
Fortunately, the sovereign debt to Latin America and other countries is only less than 50 million pounds, even if it really loses, it will not lose much.
After lingering fears, Duke Carter Howard, who strongly proposed to sell the sovereign debt of Latin America at the time, became the focus of the entire venue, and everyone was lamenting his foresight.
"Sir Carter, thanks to you, before thinking about it, our Lloyds Bank is the bank with the largest number of loans in the UK to developing countries in Latin America!"
"If there were no strong demands from you and convinced us one by one, then the $2.2 billion debt to Mexico at that time would be enough to cost Lloyds Bank a heavy loss!"
Duke Carter Howard's good friend, Duke Porter Philip Cavendish said with deep emotion.
"Yes, no matter whether the remaining Brazilian government's sovereign debt can be transferred, even if the Brazilian government defaults, we will only suffer a slight loss. This year the bank will also be profitable."
Duke Somes Churchill nodded in agreement, with a relaxed smile on his face.
Duke Carter Howard was not complacent, but said with a faint smile: "If it weren't for everyone to support my view that seemed ridiculous at the time, I would not be able to do it this way."
"So this is everyone's common contribution!"
"Hahaha..."
Everyone smiled, and suddenly a director said abruptly: “Most of our banks’ sovereign debts to Latin America and other countries have been taken over by Barclays Bank, and Barclays Bank has taken over a large number of sovereign debts, and now it has become Latin American and other countries. The country’s largest creditor, I think the Rohill family must be crazy now."
After everyone was silent for a while, more heated discussions suddenly sounded in the conference room.
"The Rohill family is rampant in the financial market. Before, they thought about using sovereign debt to Latin America and other countries to accelerate the family's rejuvenation. Now... hehe..."
"I have to talk to Evelyn Roshir later when I go back and ask him what he is feeling now, huh..."
"Barclays Bank holds more than 10 billion U.S. dollars in sovereign debt. After the news spreads, Barclays Bank’s shares may become junk stocks. It’s a pity that with the strength of the Rothier family, it is not necessary to want Barclays Bank to go bankrupt. It's possible, what a pity..."
"What's a pity, at least temporarily interrupting the momentum of the Roshir family's revival, and can greatly consume the Roshir family's funds, and then when the government privatizes state-owned enterprises, the threat of the Roshir family will be greatly reduced. , Our chances are even greater."
"Yes..."
In fact, the major shareholders and directors of Lloyds Bank are the staunch royalists of the United Kingdom, and they are the powerful faction in the old family. The competition with the Rohill family is far greater than the partnership.
Even if there is a cooperative relationship, it is just ordinary cooperation in a certain field.
Therefore, for them, the loss of the strength of the Roshir family is no better thing!
In addition, the strength of Barclays Bank is still higher than that of Lloyds Bank. The competition between the two is very fierce. Now that the strength of Barclays Bank is greatly damaged, then a part of the market vacated by Barclays Bank must belong to Lloyd Bank~www .readwn.com ~ The value that these markets can create is much greater than Brazil’s sovereign debt of less than £50 million.
Overall, in the face of crisis, Lloyds Bank will get better and better.
There are two flowers and one branch each.
Just as Duke Carter Howard and others thought.
At this time, the Rohill family was being enveloped by a heavy atmosphere.
After Evelyn Rohill asked the people to stabilize Barclays Bank, he rushed back to the family and discussed countermeasures with the tribe.
"Evelyn, has the Barclays Bank's sovereign debt to Mexico been calculated?"
Jacob Rohill looked gloomy and asked in a deep voice.
Evelyn Rohill sighed and said truthfully: "The sovereign debt of Mexico we hold in our hands has reached more than 4.230 billion U.S. dollars, of which more than 650 million principal and interest were on August 16. To expire."
"In addition to Mexico, we have 9.45 billion US dollars in sovereign debt to Brazil, Argentina, Colombia and other countries."
"We hold a total of more than 13.68 billion US dollars in sovereign debt of all countries in Latin America."
"Of course, our bank also lends approximately US$4.4 billion to companies in Latin America and other countries, including approximately US$650 million in loans to companies in Mexico."
"Now that the Mexican stock market has plummeted, and the Mexican peso has plummeted, the risk of this $650 million loan is also very high."
"Hey……"
After speaking, Evelyn Jacobs let out a long sigh, his face full of sadness.
PS: The meeting is open until ten o'clock, two hours, and two chapters can be written, which is not bad. Don’t be too short. There is really no way to work too much. I saved two more.
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Genius remembers this site address in one second:. Reading URL of Zero Point Reading Mobile Version:
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