After packing up the room, I had lunch at home by the way, and after taking a nap, Xia Yu and Elena went to the Bright Fund Company together.

"Hello boss!"

Seeing Xia Yu and Elena coming together, George Berkeley immediately greeted Xia Yu, and then nodded to Elena.

"George, long time no see, have you been under a lot of pressure at work lately?"

Xia Yu asked casually.

George Berkeley shook his head with a smile: "There is not much pressure, with your guidance from the boss, it has pointed out the direction of my work, and the company will not take detours, it is relatively easy!"

"It's good to be relaxed, and you have time to think about it and summarize it!"

"I understand!"

......

While talking and laughing, the group came to the office, and after sitting down one after another, someone immediately made tea and made coffee.

After the subordinates who served went out, Xia Yu took a sip of tea and asked quietly, "What happened to Standard Chartered Bank and Royal Bank of Scotland?"

George Berkeley had a smile on his face and said, "Boss, we have acquired a lot of shares in these two banks. ”

"It acquired 26 percent of the shares of Standard Chartered Bank, 15 percent of the shares of the shell company from four minority shareholders, and the remaining 9 percent from the stock market. ”

"Acquired 22 percent of the Royal Bank of Scotland, 16 percent from five minority shareholders, and the remaining 6 percent from the stock market. ”

"Because we deliberately lengthened the timeline, the stock prices of the two banks have not risen much now. ”

Careful calculation, since May last year, nine months have passed.

The entire acquisition plan, however, is to complete the wholly-owned acquisition of the two banks within two years, and the current equity ratio is relatively low, which shows that George Berkeley is cautious.

Xia Yu took a sip of tea, exhaled a breath of hot air, and asked, "London Gold Futures, Standard Chartered Bank and Royal Bank of Scotland have all eaten a lot, right?"

George Berkeley smiled and nodded: "They have eaten a lot, among which Standard Chartered Bank has eaten our contract of two billion dollars, and the Royal Bank of Scotland has eaten our contract of two billion dollars." ”

"As for whether they have taken over the futures contracts of other institutions, I haven't heard for the time being!"

Xia Yu said with a smile: "It doesn't matter if you don't hear about it, taking over our contract is enough for them." ”

By the end of this month, it will be more than ten days before the international gold price will fall below 600 points.

Standard Chartered Bank and Royal Bank of Scotland both took orders above 830 points.

Even if it only fell to 600 points, it would have fallen by more than 27.7 percent.

This means that by then, Standard Chartered will have to lose at least $550 million, and the Royal Bank of Scotland will lose more than $600 million.

It is equivalent to the net profit of each bank for one or two years or two or three years.

As long as this thunder bursts, it will definitely be able to blow up the stock prices of two banks, and one bad Standard Chartered Bank will go bankrupt.

Thinking of bankruptcy, Xia Yu's heart moved, and he asked George Berkeley with concern: "George, what is the total capital of Standard Chartered Bank and Royal Bank of Scotland?"

Although there is only one word difference between the total capital and the total assets of a bank, there is an essential difference.

Bank capital refers to the own capital invested by the owners of bank capital to obtain profits from operating the bank, and the monetary capital concentrated in the bank through various means.

The bank's capital is responsible for the bank's unexpected losses.

In order to prevent loan and investment losses from affecting normal operations, banks are required to draw loan loss reserves according to the risk profile of loans and investments.

However, the loan loss allowance only covers the expected operating losses, and the loan and investment losses in excess of the loan loss reserve are borne by the capital.

If unexpected losses exceed the amount of capital, the bank becomes insolvent and fails.

In the previous life, the collapse of the Bank of Bahrain, which resounded all over the world, was forced into bankruptcy and liquidation because the losses exceeded the bank's capital.

In 1995, the Bank of Bahing, which had total assets of more than 6 billion pounds and controlled 27 billion pounds of assets worldwide, lost 600 million pounds because of a subordinate who speculated on Nikkei 225 futures contracts with high leverage, far exceeding the total capital of the Bank of Bahrain of 350 million pounds.

As a result, the Bank of Bahrain went bankrupt and was eventually bought by ING a little more than a dozen days later for a symbolic price of one pound.

Therefore, bank capital is extremely important for banks, and the higher the bank capital, the lower the risk of bankruptcy.

George Berkeley smiled and said solemnly: "The total capital of Standard Chartered Bank is 250 million pounds, and the total capital of the Royal Bank of Scotland is even higher, 300 million pounds. ”

The current GBP/USD exchange rate is 2.29 US dollars per 1 pound.

Xia Yu had the information of the exchange rate in his mind, and quickly calculated it in his heart.

Converted into pounds, Standard Chartered lost about £240 million.

The Royal Bank of Scotland lost more than £260 million.

In other words, when the international gold price falls below 600 points, even if Standard Chartered Bank does not accept gold futures contracts from other institutions, Standard Chartered Bank will lose 96% of its total capital.

If the international gold price falls by 10 points and falls below 590 points, Standard Chartered Bank will lose 10 million pounds, and the total capital of Standard Chartered Bank will be directly in deficit.

As long as the Bank of England is followed by the Bank of England, the latter will directly intervene, prohibit Standard Chartered from engaging in trading activities and forcibly apply for asset liquidation.

Now it depends on the situation, the Royal Bank of Scotland is a little better and will not go bankrupt.

But Standard Chartered is at risk!

In fact, now Standard Chartered Bank should rejoice, because of the depreciation of the dollar, the relative appreciation of the pound has risen to 2.29 points.

If last year, the GBP/USD exchange rate was 1.92, then when the international gold price fell below 600 points, Standard Chartered Bank would be 100% bankrupt, and even the Royal Bank of Scotland, which seemed to be safe at this time, would also go bankrupt!

When the time comes, it will definitely cause an earthquake in the financial industry in the UK and even in Europe.

However, even in the current situation, the management of Standard Chartered Bank and Royal Bank of Scotland must be frightened, for fear that the international gold price will continue to plummet.

At that time, if one is not good, they will all be blown up.

If you invest right, you can make a lot of money, but if you fail to invest, you will have to bear the consequences of investment failure.

"If you do it, maybe you can bankrupt Standard Chartered Bank......"

A thought flashed through Xia Yu's mind.

Then his thinking diverged, and he thought of the case of the Bank of Baring, which was symbolically acquired by ING for one pound in the previous life, and his heart was a little nervous.

Fortunately, reason dispelled his thoughts in time.

If Standard Chartered does go bankrupt, it won't be a good thing for him, because then it won't be his turn to pick up the body.

After all, this is only an abrupt investment bankruptcy, not a bankruptcy due to management or other factors, as long as the capital injection can save the bank and turn it back into a high-quality bank.

But even if Standard Chartered Bank is not bankrupt, this news will be a lever to coerce the bank's top management and shareholders to agree to sell him a stake at a low price, and they will never dare to make a public announcement.

Otherwise, one bad thing is that Standard Chartered Bank's stock price has fallen to the bottom, and they will suffer even greater losses.

"It seems that this time the advantage is greater, so we can't hastily use a method similar to that for Chiba Bank. ”

"Not only can we not take the initiative to expose it, but we also have to find a way to help Standard Chartered Bank and the Royal Bank of Scotland cover the lid in order to reach a private deal!"

Thinking of this, Xia Yu instructed George Berkeley: "George, you be careful not to leak these two news, continue to wait for the price of gold to fall, after it falls to 600 points, you will contact the shareholders of Standard Chartered Bank and Royal Bank of Scotland and force them to sell us their shares at a low price." ”

"If we succeed this time, the two-year plan will be completed ahead of schedule!"

George Berkeley thought the same way, and although it was insidious, it was in their best interest, saving money and making it easier.

In order not to be blown up, the shareholders of the two banks will sell their shares to them at a low price with their noses, and they have to take the initiative to help solve the trouble of possible government interference.

George Berkeley nodded confidently and reassured: "Boss, don't worry, I know what to do, and I will do my best to buy the two banks in their entirety." ”

The corners of Xia Yu's mouth raised slightly, and he bowed his head slightly and said, "Well, I'm waiting for your good news!"

Elena, who had been sitting quietly next to her, watched Xia Yu's gestures decide the fate of the two banks, and a trace of confusion flashed in her eyes.

PS: Ask for tickets and order them all!