Chapter 1426: Empire Group Swallows up Barings Bank, Shocking the World!

Yang Ming could wait until more than a month later, when the Bahrain Bank incident occurred and the losses were huge, and it was completely impossible to save it, he could purchase this century-old bank for a symbolic price of one pound.

However, Yang Ming knew that if he waited until that time, this bank with high global assets would become worthless.

What he needs is to swallow up this bank without losing as much as possible, and then further digest and increase investment to make Barings Bank a new global banking giant.

Now that Huo Jianning and Sir Peter Baring have made it clear, it depends on Sir Baring's choice.

If the other party still rejects Imperial Group's acquisition of Barings Bank, then the next step will be different.

Sir Peter Baring looked at the Chinese in front of him with some fear.

There was a time when white people, whether in London or in Hong Kong, were superior and did not need to look down upon the Chinese.

Now since Sir Yang appeared, it seems to have become different.

"Sir Peter Baring, or Chairman Peter Baring, before I came to see you, my boss Sir Yang told me that he hopes for a win-win situation. If Leeson's affairs are known to the outside world, there will be losses. The biggest ones are Barings Bank and your Barings family. Therefore, I hope you will consider carefully and hand over Barings Bank to our Imperial Group at the right price, otherwise, you may suffer even greater losses."

Huo Jianning did not stay any longer.

Sir Peter Baring looked at Huo Jianning who was about to leave, but couldn't say what he wanted to say.

After seeing Huo Jianning come out of the study, the Bahrain family's butler personally escorted Huo Jianning out.

Huo Jianning got into the car and his bodyguard drove away.

Go to the Jazz Manor in London Town.

There is Yang Ming's manor in London.

Yang Ming only lives there when he comes to London.

Normally, Barlow also lives in his own house.

However, now because of the acquisition case, Huo Jianning lives there during this time.

After Huo Jianning came back, the housekeeper here learned that Mr. Huo had not had dinner yet, so he went over and asked the servants and chefs to prepare dinner.

Huo Jianning hasn't had dinner yet.

Barlow drove up.

The two of them went to a room inside.

"Deputy General Manager Huo, you have met Sir Balin. What is his attitude?"

"He's not willing to sell Barings to us, but if he's a smart guy, he'll figure it out."

Because of the Barings Bank, the Barings family has a hereditary title for five generations. It is indeed a very prominent and honorable thing in Country Y, not inferior to Diana's Spencer family.

What's more, before Diana and Miss Sarah met Yang Ming, the Spencer family had been in decline for a long time.

"Do you need me to talk to him again?" Barlow asked.

"No, I'll give him time to think about it. In fact, Leeson's situation is far more serious than imagined. Now we need to swallow up Barings Bank as quickly as possible, and then control Leeson and others, and our Imperial Group can take a further step Capital injection into Barings Bank.”

Yang Ming and Mailisi, Huo Jianning made it clear.

Although Bahrain Bank is now a multinational bank, compared with Huifeng Bank and Zada ​​Bank, it is still far behind.

However, if the Imperial Group acquires and injects capital and sends a stronger and more capable person to manage it, in the future this bank will not only enter the top 100 in the world, but even the top 50.

"Deputy General Manager Huo, if that's the case, we must convince Sir Bahrain as soon as possible."

. . .

"Sir Balin, that Mr. Huo left in the car."

The housekeeper personally escorted Huo Jianning to the car and left.

Seeing that Sir Balin had not come out of the study for a long time, he hurriedly went in to take a look.

I saw Sir Balin wandering around in the study.

This is a life and death test for the Barings family, although he already knows the seriousness of the situation inside Barings Bank.

This Leeson may really kill Barings Bank.

Most importantly, in the financial account of Bahrain Bank, he really didn't know how much money Leeson had lost over the years, because before, Leeson had always asked the headquarters to move to Singapore.

Fund transfers are basically requested every month.

This means that Leeson's investment mistakes and losses were far more serious than he imagined.

However, outside investors don't know it now. If they knew it, there would be a bank run crisis soon, and the royal family would not dare to put money into Barings Bank anymore.

Thinking about the current situation of Barings Bank, the Imperial Group has already known it, and Sir Peter Baring is unwilling to sell the bank to the Imperial Group.

However, I had to sell it.

This was also the most painful and uncomfortable time for Peter Baring.

If the Barings Bank accumulated over five generations was really lost in his generation, he would not know how to face the members of the Barings family.

"Sir Balin, it's time for supper."

"I have no appetite. I want to be quiet."

The butler closed the door and left.

Sir Peter Baring was still inside.

This was a very difficult night for him.

It can be said that Sir Peter Baring did not rest all night. He only opened his eyes and rested there. He did not even dare to look at the oil paintings of his ancestors.

the next day.

The sun shines in from outside.

Sir Peter Baring's eyes were very red and bloodshot after not having any rest last night. It was caused by not having any rest last night and thinking too much.

He will not be able to return to the headquarters of Barings Bank today.

However, Sir Peter Baring was hungry after not eating last night.

After asking the butler to bring him something to eat, Sir Peter Baring lay down to rest.

. . .

Three days later.

Huo Jianning received a call from Sir Peter Baring's butler.

Huo Jianning knew that the other party had thought it through.

When Huo Jianning took a car and came to the Baring family's manor for the second time, he had already met Sir Peter Baring. Unexpectedly, it was only three days.

This Sir Baring seemed to have aged a lot.

"Mr. Huo, let's talk inside."

The two went into the study.

Sir Peter Baring looked at Huo Jianning and said, "Mr. Huo, I have thought it through and can sell Baring Bank to the Empire Group, but I need to get a reasonable price, otherwise, I can't face my family members."

"You make a price, if it's suitable, we can sign the acquisition contract immediately."

Make a price?

Of course it's not a random price.

At the end of 1993, the total assets of Barings Bank amounted to 5.9 billion pounds, and its pre-tax profit in 1994 was as high as 1.5 billion US dollars.

Its core capital ranks 489th among the world's 1,000 largest banks.

Among them, it also includes Baring Brothers, Baring Securities, Barings Asset Management Co., Ltd., and a controlling investment bank.

This bank now seems to have a high pre-tax profit.

However, in fact, the real profit is not that much, and it is still unknown how much the financial account controlled by Leeson is in deficit.

In history, the direct cause of Barings Bank's bankruptcy was that Nick Leeson, the futures manager of New Jiapo Barings, misjudged the direction of the Japanese stock market.

In January 1995, Leeson was optimistic about the Japanese stock market and bought a large number of futures contracts in Tokyo and Osaka, hoping to make a large profit when the Nikkei index rose. Who knows that there are unexpected events, and the Hanshin earthquake in Tokyo hit the recovery momentum of the Japanese stock market, and the stock price continued to fall.

The final loss of Barings Bank was as high as 1.4 billion US dollars, while its own assets were only a few hundred million US dollars. The huge loss was difficult to make up for, and this once glorious financial building collapsed.

In other words, in history, Barings Bank finally lost as much as 1.4 billion US dollars, but its own assets were only a few hundred million US dollars.

To acquire the current Barings Bank, the Empire Group naturally had to make the acquisition based on these.

A week later.

Huo Jianning talked with Sir Peter Baring for a long time, and finally Sir Baring sold all his shares to the Empire Group, which means that the Empire Group and Sir Yang completely swallowed up the Barings Bank of the Baring family.

As for the purchase price, the Empire Group and the Baring family did not announce it, and the outside world did not know it.

However, the Empire Group swallowed up this influential multinational bank just at the beginning of the new year, which still shocked many people around the world. (End of this chapter)