Chapter 1305 Citigroup's Hard Times

Jia Yuwen's full confidence comes from her deep fascination with Xiao Qi.

However, she still made a mistake in predicting one thing, that is, the Fairy Air that Xiao Qi gave her is definitely more than 6.4 billion in assets. The 15 cargo planes are just an appetizer. In Xiao Qi's plan, the routes of cargo planes will spread all over the In Asia, thirty or fifty cargo planes will be needed at that time, which is not too many.

In addition, there is another foreshadowing, Fairy Airlines, not Fairy Cargo Airlines!

In addition to cargo, it is not unimaginable in the future to specialize in cheap and fast passenger aircraft like Juneyao Airlines, Air Asia and even Virgin Atlantic.

The low-cost ticket models of Virgin, AirAsia, and Juneyao Airlines prove that passenger aviation is also promising, and coupled with the coverage advantage of cargo aviation, it is definitely not a dream for Fairy Air to maintain its leading position for 50 years.

Anyway, Xiao Qi's own idea is that the assets given to every wife must be very good, and absolutely can't be sent to the point where they are three or five years ahead, then decline rapidly, and then lose nothing!

No, the boy is calling in the office right now, planning to give a big gift to the hardworking and beautiful Northeast Dayan Horse.

Originally, what Xiao Qi wanted to give to Yu Shanshan was all the commercial real estate of the Rongcheng branch of Fairy Real Estate, but after thinking about it, he felt that it was a bit inappropriate.

Because Xiao Qi intends to inject all land-related assets into the family fund in the future and leave them to all descendants, but he will not allow them to buy or sell them. [

If Yu Shanshan was given some land assets alone, then her wife and other children might have some ideas. This kind of unfairness under the great justice can easily cause conflicts.

Worth mentioning.

Anyway, under the financial crisis, there are too many excellent companies to buy, so there is no need to struggle with this point.

What Xiao Qi called was Wade, the vice president of the New York branch of Citibank.

The VAM contract with Citibank did not affect Xiao Qi's relationship with Citibank's "Asia-Pacific Department" at all.

As Wade who has maintained a friendship with Xiao Qi from the beginning to the end. I've been worrying lately.

The reason is that the subprime mortgage crisis has plunged several of their major investment banks and banks into a serious loss crisis.

It is not yet time for the annual report to come out. Citigroup, an old bank with a history of nearly 200 years, naturally does not have the same confidence as an investment bank like Bear Stearns. Can hang on.

But things are not looking good for Citibank.

Very very bad.

dragged down by subprime debt. Citigroup's loss in the third quarter has already exceeded 5 billion, and it is expected to lose more in the fourth quarter.

But the most important thing is not these, but the over 100 billion subprime mortgage securities and other financial derivatives held by Citigroup. These were supposed to be sold to other investors, but seeing such a high rate of return, Citibank was obviously greedy and bought these bonds by quietly establishing a structured investment entity.

But once the subprime mortgage crisis broke out, these subprime bonds were like rubbish, and they couldn't be thrown away, so they could only rot in the hands of Citigroup.

Bear Stearns is already doomed, and what they lost is not just a few funds under their banner. The entire investment bank was in a mess. Even the experts of the Federal Reserve had no action after three days of closed meetings. Smart people already knew that Bear Stearns had been abandoned by the US government.

Citibank does not want to become the second Bear Stearns. Citibank, which claims to have the largest assets, the most profits, and the most complete investment categories in the world, absolutely does not want to go bankrupt miserably. [

So high-level meetings followed one after another. Everyone is discussing how to avoid this crisis, or pass it on to others, but after so much time, there is no conclusion.

Wade, who was barely a senior member of Citibank, was more or less affected by this panic.

So when I received a call from Xiao Qi. He is drinking alone.

"Qi Shao, what do you have to take care of me?" Wade said jokingly, "I'm afraid I'm going to join the Fairy Company in a short time, so you have to take me in!"

"Okay, as long as there is such a day, Fairy Company will open its doors to you at any time!"

Xiao Qi's answer was also unambiguous, which somewhat comforted Wade's heart.

Putting down the bottle, Wade, who was sitting on the sofa at home, became serious, "Qi Shao, you are calling me so late, do you have something important to do?"

He is also in a daze, it is 10 o'clock in the evening in the United States, but it is only 10 o'clock in the morning in China.

But Wade was not wrong, Xiao Qi did have an important matter to find him.

"Wade, the financial crisis is coming. It is a bad thing for many people, but for some people, it is the best thing." Xiao Qi said in harmony: "The next two or three days During the year, I have several important acquisitions that I want to entrust you to carry out. As long as you complete these businesses for Citibank, I can guarantee that as long as Citibank does not collapse, you will be able to become the global vice president of Citibank!"

"Oh?"

Wade was shocked all over, and the alcohol quickly dissipated.

"Oddly, you want to acquire an American company? The amount involved is huge?" Wade became excited.

"The amount may not be very large, but the commission involved will not be small." Xiao Qi said lightly: "But I want to tell you in advance, Wade, if Citibank is not interested in my acquisition entrustment, then Goldman Sachs, Morgan Investment banks like Stanley will receive my commission."

"Row!"

Wade understood Xiao Qi's meaning, nodded solemnly and said: "Qi Shao, you give me this opportunity, if I don't grasp it well, if I don't communicate well with the people above, then it's my problem!"

Citibank is just too big.

Recently they were betting on oil with Xiao Qi again, so the "Asia-Pacific Department" who was close to Xiao Qi received a lot of suppression.

Although Xiao Qi is willing to give them some extra help, they must be able to withstand the external pressure, otherwise Xiao Qi has no choice.

Xiao Qi smiled, "It's not that serious. When the oil bet takes effect, just wait and see how miserable they are!"

Wade's mouth moved, but nothing came out.

He thought to himself that you are too confident. During this period of time, the price of oil has fluctuated so much that even hundreds of experts in our company can't see it. Although the experts' words are often farting, but you are so sure that you can win?