Chapter 1148 4.5 Billion Pounds

"I agree with Evelyn."

"Too many branches and too many depositors are the biggest constraints. We only have more than 2 billion pounds of cash, which is actually distributed in the head office and various branches."

"I think there may be seven or eight billion pounds of cash here in London, and the average of other branches is a few million pounds?"

Harry Rosier said, looking at Evelyn Rosier, the president of Barclays Bank.

The latter nodded and said, "That's right, the head office and branches in downtown London now have 730 million pounds in cash, and other branches have more than tens of millions of pounds in cash, and only a few less. £100,000 in cash."

At this time, Liszt Rothier expressed his opinion: "Everyone is right, but I think as long as the publicity is in place, it will definitely have a certain effect. At this time, even if it can change the concept of some depositors, It's all worth doing."

"It's just that we're moving faster. According to Evelyn, it is estimated that more than 400 million pounds will be withdrawn in one day today."

"We are not only slow to mobilize funds from branches across the UK, but being exposed can even be counterproductive."

"So I suggest that if it's going to be done, we have to do it within two days, and the money can't be taken from the bank, but we'll provide the funds separately to Barclays to borrow."

"As to whether it is £500 million, £1 billion or £2 billion, we can discuss it together later."

...

Seeing everyone arguing, Charles Rothier became silent. His status was the lowest present, and the company he controlled was also the weakest. Generally speaking, he was not qualified to participate in such a core family gathering. Opportunity, he wanted to provide a plan to show it, but he didn't expect everyone to be so controversial.

That being the case, just don't care. He is not in the lowest position to argue with everyone. Anyway, it's enough to listen to Jacob Rosier in the end.

Sure enough, seeing that everyone had no conclusion and that time was wasted, Jacob Rothier immediately stopped and said, "Charles' suggestion is feasible to a certain extent. As for how effective it can be, the key depends on our publicity. Strength, as long as it can reverse public opinion, it will definitely have an effect, and it can be delayed for a while."

"The most important thing is the funds. How much funds can you draw to the maximum in this week?"

Seeing Jacob Rothier's decision, everyone died.

They frowned and figured out how much money they could afford.

Everyone knows the importance of unity, so no one intends to cheat or hide their strength, and must do their best to help the family through the crisis.

After a moment of silence at the scene, David Rosier said: "Jacob, the Bank of Edmund Rosier in France has just been rebuilt for less than half a year, and the liquidity has not been long. If the bank hadn't been privatized, ten I can come up with £100 million, but unfortunately now I can support up to £150 million."

After David Rothier started, everyone else started talking.

Elro Rocheer said: "The situation in West Germany is much better. I can support £800 million in funds within a week, and it is uncertain for the time being."

Sidney Roshir said: "The Italian side can provide £500m in cash in a week."

"The Swiss side can provide £600m in cash," Harry Rosier said.

...

When everyone reported the number, Leobold Roshir kept recording all the time, and finally counted it down and came up with a huge number.

£2.41 billion!

This is the funds that can be mobilized with 100% confidence in a week!

It shows the strength of the Rohir family in Europe!

Although all of this money may not belong to the Rothier family, at this time, it is enough to take out the money to ease the crisis. This is a manifestation of one's ability.

As for how these funds are supported,

Considering that Barclays Bank is a listed company and is not 100% owned by the Rothschild family, it must not be a capital injection method, but a simpler deposit or loan relationship.

But these are small details that do not affect the overall situation.

Evelyn Rothier's tense face softened a little, and a smile appeared.

"Excluding the ones that will be withdrawn today, plus the funds that everyone can support, then the bank can guarantee a minimum of 4.6 billion pounds this week."

"And in the coming week, the banks will also sell some liquid assets and try their best to recover some loans, at least one billion pounds of funds can be recovered."

"It is certain that we will be safe for the time being in the next half month!"

Jacob Rothier nodded slightly: "It's good to be safe for the time being, and we have more time to deal with it properly."

"The key is to reach an agreement with other banks to work out a complete debt repayment plan as soon as possible, so that Latin American and other countries are willing to accept it, and at the same time reduce losses as much as possible."

"Evelyn and I will handle this."

Everyone nodded, expressing no opinion.

Evelyn Rosier thought for a while and then asked another question: "When it comes to losses, we have to mention the market value of Barclays Bank."

"In nine days, the bank's market value has dropped from £6.5 billion before the crisis to £5.52 billion at the close of the day, a drop of about £1 billion in market value."

"And it is completely predictable that after the full outbreak of the Latin American sovereign debt crisis, the market value of our banks will continue to shrink in the future."

"We have $13.68 billion in sovereign debt and $11.94 billion in risky loans, for a combined total of $25.62 billion in risky loans. "

"As long as these risky loans don't get paid back for a day, our bank's share price will keep going down."

"And we sell assets and recycle loans for depositors to withdraw money, which will greatly reduce our profitability. There are already institutions that think we will fall into losses this year, which has lowered our bank's rating."

"So do we want to control the bank's stock price?"

Jacob Rosier thought for a moment and said: "Barclays Bank has not pledged its equity, so the stock price will not fall. It will not hurt us much, but it will take a long time to rebuild market confidence and brand value. ."

"Repurchase and increasing holdings are beneficial, but we are short of funds now, and we are not sure how to deal with the more than 20 billion US dollars of risky loans in the future. Now the cost and risk of repurchase are too high, and it is unnecessary. Investors Let them sell if they want to."

Evelyn Rothier was silent for a moment, and nodded with some discomfort: "I see."

...

After continuing to negotiate for 20 minutes, the countermeasures and plans have been basically discussed, including that Barclays Bank London headquarters will use 1.5 billion pounds in cash to show its strength...

Just when someone thought it was coming to an end.

Jacob Rothier looked at Charles Rothier, and asked with a serious face: "Charles, you are in Xiangjiang, and you are most aware of the current situation of Jiuding Consortium and Xia Yu. After he returned to Xiangjiang from England, he did What happened?"

Jiuding Consortium and Xia Yu, these are two very special words. Everyone present has heard it. Harry Roshir and Liszt Rosier also know that Jacob Rosier and others once wanted Controlled Xia Yu and the Jiuding Consortium, but the final plan was shelved.

As for the specific situation, they do not know.

On this occasion, Jacob Rothier suddenly mentioned Xia Yu and the Jiuding Consortium. Could it be related to the content of today's meeting?

This guess came to mind, and everyone's eyes were focused on Charles Rosier, which made the latter feel a huge pressure.

PS: I only have one update today, please forgive me. I didn’t leave the hospital until 5:00 in the morning. I collapsed all day, hey

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