The Son of Finance of the Great Age

  Chapter 947 We need derivatives

  While the market was in full swing in China, a great drama was also being staged on the other side of the ocean, and the protagonist was the famous Deutsche Bank.

   "Jamie, I need to talk to you, now!"

It was already late at night, and the phone rang in this luxurious bedroom without warning, waking up the sleeping owner and his wife. The hostess grumbled dissatisfiedly, and yelled at the pet dog who was barking outside until the pet was quiet After getting down, he turned sideways and fell into a deep sleep again.

The host yawned heavily, and turned on the dim lamp beside the bed. After groping for a long time, he found his own reading glasses. After putting on the glasses, he picked up the microphone, and said in a tone that was not emotionally charged: " This is the residence of Jamie Dimon, may I ask who are you?"

   "Jamie, I need to talk to you, now!"

  A hurried voice came from the microphone, repeating what he said just now, "Sorry for interrupting your rest, but I have very important things to do."

  Jamie Dimon, CEO of JP Morgan.

   "Then you wait a moment!"

  Although Jamie Dimon hadn't heard clearly who the other party was, he immediately realized that something had happened. He immediately glanced at his sleeping wife, pressed the standby button, and hung up the phone.

  He put on slippers, wrapped his nightgown tightly, and tiptoed to the sofa in the living room. The Labrador dog curled up on the sofa in the living room saw the male master, and immediately greeted him happily, wagging his tail. After rubbing the pet's furry head for a while, Jamie Dimon answered the phone in the living room, "What happened?"

Accompanied by his words, the Labrador also barked into the microphone twice in cooperation, but after Jamie Dimon kneaded its big head twice, this very humane The dog immediately became quiet, and obediently lay on the master's lap without making a sound.

   "I'm Joseph Ackermann, Deutsche Bank."

The voice in the microphone was a bit astonished. I don't know if it was because of the sudden barking of the dog or the other party didn't recognize it as his own voice, but obviously he didn't have time to pay attention to it at this time, but said in a hasty tone: "I'm here now. On the plane to New York, it is expected to arrive at JFK airport in half an hour."

   "What can't be discussed on the phone?"

  Jamie Dimon was taken aback, and quickly asked, "Joseph, what happened? My God, did World War III begin?"

   "To me, this is probably worse than World War III!"

   Obviously, the other party didn't pay attention to Jamie Dimon's humor, but replied seriously, "Jamie, I need to do a business with you, a big business."

   "See you in my office then."

After hearing this, Jamie Dimon knew that he was going to be doomed for the night, so he slapped his forehead in frustration, raised his head and sighed, "I hope you can bring me good news, enough to make up for my overtime work this night. What the hell, got you here on a red-eye flight, I'm really curious what's going on."

   "I will bring you a big deal, and I guarantee that you will be very happy with this deal for years to come!"

  Hearing the other party's complaints and temptations, Joseph Ackerman didn't say much, but after throwing out a picture that he didn't know whether it could be fulfilled, he kept silent about other things.

   "Okay, we'll see you later."

Raising his wrist and looking at his watch, Jamie Dimon hung up the phone, and then lightly patted the head of the Labrador who was still curled up on his lap. The smart dog whimpered aggrievedly for two He made a sound, and left his thigh very obediently.

   "Damn, it's been a long night!"

  Opening the door, a gust of cold air rushed towards him. Jamie Dimon subconsciously shrunk his neck, tightened his clothes, and walked towards the Lincoln car parked at the door.

  The CEO of a big bank has a dedicated driver to serve around the clock. Five minutes ago, Jamie Dimon had just notified the driver, and soon the special plane arrived at the door of his house.

  …

   "Have a cup of coffee first!"

  Forty minutes later, Jamie Dimon's office in Manhattan was brightly lit. Joseph Ackerman and several capable followers were sitting on the sofa, talking in German in a low voice. Jamie Dimon was not in the mood to listen to what they had to say. He walked to the coffee machine and made a cup of coffee himself, handed it to the other party and said, "Refresh yourself first. Sorry, I think for you, you should be in the best spirit right now." time?"

  Because of the time difference, although it is late at night in the Eastern Time of the United States, it is not yet time to fall asleep in Germany. According to common sense, Joseph Ackermann may still be at work.

"thanks."

  Joseph Ackerman took the coffee, replied absently, then sat in silence opposite Jamie Dimon, and said after a while, "We want to make a deal with you."

   "What deal?"

Although he already knew the purpose of the other party, Jamie Dimon did not show much enthusiasm. This is a kind of psychological warfare. He slowly picked up the coffee cup and took a sip carefully. He said, "Is there any deal worth coming in person? Could it be that you plan to buy us?"

   As he spoke, he picked up the cup again.

   "I'm going to buy your derivatives department!"

   Regarding Jamie Dimon's ridicule, Joseph Ackerman directly chose to ignore it, still with a business-like attitude, and said in a deep voice, "We also want your derivatives positions!"

"what?"

Jamie Dimon, who was drinking coffee, shook his hand, and the coffee spilled on his white shirt. He immediately put down the coffee cup, took out a towel and hurriedly wiped the coffee stains on his chest. Looking at each other incredulously, he asked, "Joseph, did I hear you right? You want to acquire our derivatives department, including all positions?"

   "You heard me right, that's what I meant."

  Joseph Ackerman remained calm, and continued in a voice that did not change his tone, "We want all of them, including interest derivatives positions, commodity futures positions, stock index futures positions, and some other derivatives positions."

   "You're not crazy, are you?"

Jamie Dimon looked at Joseph Ackerman like he was looking at a monster, sighed after a while, and said politely, "Joseph, do you know how big these positions are? It's not tens of billions or hundreds of billions, but It's trillions of dollars!"

  The derivatives department has always been one of the most profitable departments of JP Morgan. If it happened before the "London Whale" incident, Jamie Dimon would not have thought about it for a second, and would have directly rejected it. But now the situation has changed. US regulatory authorities have been investigating JP Morgan’s derivatives positions, which also prompted them to have the idea of ​​reducing their positions, so Jamie Dimon did not deny the possibility of transactions .

   "The position is several trillion, but the transaction does not require such a large amount of funds."

Obviously Joseph Ackerman was prepared for this, and he smiled for the first time since entering this office, "For JP Morgan, he should really want to dispose of some positions? Now that we take over, you can also reduce A part of the trouble, isn't this a matter of getting the best of both worlds?"

   "I really want to do this, very much. And I'm sure I'll sell some of my positions to you in the end. Of course, you don't have to think about the derivatives department."

After rolling his eyes for a while, Jamie Dimon finally calmed down and stared straight at Joseph Ackerman for a while, before he suddenly smiled strangely, "So your real purpose is not ours. Derivatives, but our derivatives positions, right?"

"Ha ha."

His intentions were guessed so quickly by the other party, the smile on Joseph Ackerman's face disappeared, and after a few forced laughs, he spread his hands and said, "So what? Jamie, you and I are different. Need, help each other, isn't it good?"

   "Yes, just as you said, everyone helps each other with what they need."

Jamie Dimon was in a good mood at this time, half lying on his seat, tapping his desk lightly with his knuckles, and said slowly after a while, "It seems that the news about your bank before is true. Yes. During this period of time, you are not only involved in lawsuits, but also prepared a large amount of funds to deal with the possible fines brought by these lawsuits. Also, I heard that you are preparing to sell part of the equity investment, and you have also made a large amount of money. Discount, it seems that the shortage of liquidity is very serious. If I am not wrong, you are planning to use the high yield of derivatives to fill the liquidity trouble?"

"But Joseph, I remind you that derivatives are a double-edged sword. You can use these positions to make huge profits and cause huge losses. We are a lesson from the past. As an old friend, I sincerely advise You say, this way is not advisable."

   "No, no, your guess is completely wrong, our liquidity is fine."

For all of Jamie Dimon’s speculation, Joseph Ackerman completely denied it, “Jamie, you are right, derivatives are indeed a double-edged sword. Based on the negative interest rate policy being implemented in Europe, it will continue. For a while, our board of directors decided that Deutsche Bank would look for new profit points in the future, and the target was the derivatives market. And Jamie, let me tell you clearly that after selling part of the equity investment, Deutsche Bank’s capital has reached To an unprecedented extent, we are not short of cash."

  As the CEO of Deutsche Bank, he naturally has to resolutely deny all negative news about Deutsche Bank. This is not only a position, but with his identity, there is no other way to go but to be firm, because any hesitant attitude will be infinitely magnified by the market.

Although everyone is a leader among commercial banks, what Joseph Ackerman can be sure of is that if he admits what Jamie Dimon said today, then tomorrow JP Morgan will be able to participate in the short-selling army of Deutsche Bank. .

  Naturally, if the two sides change positions, Joseph Ackerman will do the same mercilessly. This is the law of business.

"is it really like this?"

Naturally, Jamie Dimon didn't quite believe what Joseph said. He looked at the other party with a half-smile and said, "Let's talk about the transaction again. We will definitely sell the derivatives position to you. But what kind of , We still need to consider and negotiate how many positions. How about it, it's already late today, why don't I take you back to the hotel, how about we continue the discussion tomorrow?"

"this…"

Now that the intention of the transaction has been reached, Joseph Ackerman will naturally not linger for too long. He immediately stood up, stretched out his palm at the other party, and said, "You don't need to send me back. I have other things to do." .Jamie, I have other things to do, let's meet again in a few days."

   "Interesting, really interesting!"

Watching the people from Deutsche Bank leave the office, Jamie Dimon was not in a hurry to go home. Instead, he thought about the whole thing again in the office, and then there was a sinister smile on the corner of his mouth, "This is completely It doesn't make sense, and if I don't take advantage of it, I'm afraid I don't deserve this position."

  He patted his sofa chair which symbolizes the CEO, took out his mobile phone from his arms, and dialed a number, "Hello, is this Tianyu Fund? Can you pick up your Mr. Zhong Shi for me?"

   "..."

   "Sorry for not having an appointment, but you tell him I am Jamie Dimon, the CEO of JP Morgan! Yes, I think he would be very happy to receive this call!"

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  (end of this chapter)