Chapter 1869: The Bank's Core Objectives

Kirilenko excitedly went to contact the chairman of Lituo Group. Although Lituo Group has a lot of business in Australia and Canada, it is a British company, so the headquarters is also in London. It is not special to meet difficult.

Feng Yu rested for a while, and asked Kirilenko's people to arrange a car to meet the CEO of the bank.

The UK's banking industry is very developed, which also benefits from the prosperity of London's financial industry. More than half of the investment banking business in Europe is conducted in London.

London is also one of the world's major private banking markets. The total value of private securities has long exceeded 300 billion pounds. Even in 2007, it was once claimed to have exceeded 500 billion pounds, but now it is less than 200 billion pounds. sterling, because many securities are worthless.

London is also the city with the most bank branches in the world, more than 300, ranking first in the world, and New York can't match it.

If banks want to develop well, major financial markets such as New York, London, Tokyo, and Hong Kong must not be missed. Feng Yu has acquired many financial institutions in North America, but there are no commercial banks.

Feng Yu likes this commercial bank in London very much, and it is of great benefit to the business expansion of Minsheng Bank.

The reason why this bank suffered heavy losses in this financial crisis is that they are also one of the top mortgage lenders in the UK.

Although it has a lower status than Lehman Brothers Bank in the United States, its influence in Europe is not small. The total deposit absorption of this bank is close to 30 billion pounds. In terms of storage absorption capacity, it is absolutely excellent.

It is a pity that the investment vision is a bit poor, and too many subordinated bonds have been invested, resulting in a lot of losses.

However, with the help of the British government, the Bank of England provided it with emergency liquidity support, and the British Chancellor of the Exchequer also announced that he would provide guarantees for the bank's deposits, so that the bank was not allowed to be run by the people. bankrupted.

For this reason, the UK is still discussing the introduction of the latest "Bank Insolvency Law" to prevent this from happening again, and the government can intervene in time.

In the financial crisis in the United States, the loss of the United States is naturally very large, but the loss of the United Kingdom is also not small. Who made the United Kingdom and the United States have a close relationship, and many industries learn from each other?

The government in the UK is the same as that in the US. It has to take over some financial institutions and temporarily turn many private enterprises into state-owned enterprises. They will find a way to sell them after the crisis is over.

The commercial bank that Feng Yu wants to acquire is also currently held by the British government with many preferred shares. The British government really wants to sell it quickly, and they are also short of money.

When Ralph contacted the person in charge of the bank, they were actually very moved. This time when they heard that Feng Yu had come over in person, the CEO of the bank was even more excited.

The market value of their bank at this time is less than 10 billion pounds, which is absolutely affordable for the richest man in the world. And they also have many high-quality assets, but the worry is that this bank has a lot of debts and non-performing assets, whether Feng Yu will hesitate.

However, the government has already made a request to them to find someone to take over the bank as soon as possible, even if they lose some money for this, they will not hesitate. In their hands, there is no funds to solve the difficulties, so they can only watch the bank continue to depreciate, high-quality assets continue to be lost, and become low-quality assets.

Selling while there is still value is the most correct choice, not to mention allowing the government to withdraw funds and help other companies get out of trouble.

"Mr. Feng, hello, I'm Gary Porter, the CEO of the British Western Commercial Bank, and also the person in charge designated by the shareholder for this acquisition negotiation. You can call me Porter."

Feng Yu looked at Mr. Potter in front of him. He was dressed meticulously, even his beard was neatly groomed. Fortunately, he didn't wear black-rimmed glasses, otherwise Feng Yu couldn't help but think of Harry.

"Potter, sit down, you should be very clear about my reason for coming, I'll give you five minutes to convince me why I want to buy your bank."

Potter looked at Feng Yu in surprise,

Isn't the person next to me an interpreter? He clearly remembered that Feng Yu was from Huaxia, but he did not expect to speak English so well.

But at this time, he can't think too much, depending on what Feng Yu means, if he can't give enough reasons, Feng Yu is likely to give up the acquisition.

But at the same time, he also said that as long as he persuades Feng Yu, there is a great possibility of acquisition.

"Mr. Feng, our bank still has a deposit of more than 26 billion pounds. This figure is enough to prove our ability to absorb deposits, and it can also prove that our bank is still trusted by depositors."

"We have world-class high-end talents, and we don't stick to one pattern in the talent selection system. As long as they have the ability to create high profits for the bank, they will be entrusted with important tasks."

"We adopt a radial organizational structure, where centralization and decentralization coexist. The bank's business can spread all over the world through the network, and it can also share information and resources, which can have a centralized scale effect."

"Our organizational structure is absolutely not bloated. Everything is considered for customers. Under the premise of safety, we strive to meet customer requirements as quickly as possible and provide customers with the most convenient financial services in the shortest time. Therefore, our customer satisfaction It's been very high."

"We have an accurate strategic positioning and target market, aiming at serving customers, and insisting on the principle of making the best first and then making it bigger, which makes us very advanced in the concept of operation and management..."

Feng Yu looked at his watch, five minutes was up, and interrupted Potter with a wave of his hand.

"Okay, five minutes is up, do you think what you just said can impress me?"

Feng Yu's stern expression and blunt tone made Potter very uneasy. He felt a little regretful in his heart, there were still many good things he didn't say just now, maybe Feng Yu was dissatisfied with what he said?

"You're not sure, so let me give some of my views first. You said you have 26 billion pounds in savings, so what about money? How much cash reserves do you have? The deposits of most depositors make you There are other securities in the loan contract, right? In the face of a run on you, you can’t afford the money, so you can only borrow at high interest rates, which is one of the root causes of your losses.”

"You said that as long as you can create high profits for the bank, you will be entrusted with important responsibilities. I think your losses this time have something to do with this system, right? Do you think that the securities you bought can bring High profits? But what about the result?"

"You said that your business can be spread all over the world, but how many branches or outlets do you have in total? How many employees? How many of them are new employees and how many are about to retire. You didn't say anything about it."

"It's funny to serve customers as the goal. The first goal of opening a bank is also the ultimate goal. That is to make money, and making money is the core goal."

"Potter, do you accept what you and I have said?"

Potter was stunned, his eyes were a little empty, and he felt that this negotiation might have failed again. Could it be that their bank really can't sell it?

...

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