Chapter 1148 Four and a half billion pounds
"I agree with Evelyn. ”
"Too many branches and too many depositors are the biggest constraints, and we now have just over £2 billion in cash, which is actually distributed between the head office and the branches. ”
"I think there are probably seven or eight billion pounds of cash here in London, and the average of other branches is a few million pounds, right?"
Harry Rothschild said, looking at Evelyn Rothschild, the president of Barclays.
The latter nodded and said: "That's right, now the head office and branches in the city of London add up, there are still 730 million pounds in cash, and the other branches have more than 10 million pounds in cash, and less than hundreds of thousands of pounds in cash." ”
At this time, Liszt Rothschild expressed his opinion: "What everyone said makes sense, but I think that as long as the publicity is in place, it will definitely be able to have a certain effect, and at this time, even if we can change the concept of some depositors, it is worth doing." ”
"It's just that we have to move fast, and according to Evelyn, we are estimated to withdraw more than £400 million a day today. ”
"Not only is it slow to mobilize money from branches across the UK, but it can even be counterproductive if it is exposed. ”
"So I suggested that if we were going to do that, we would have to do it within two days, and that the money should not be taken from the bank, but that we should provide the funds separately to Barclays. ”
"Whether it's £500 million, £1 billion or £2 billion, we'll have to talk about it later. ”
......
Seeing everyone arguing, Charles Rothschild was silent, his status was the lowest in the audience, and the company he controlled was also the weakest, and he was generally not qualified to participate in such a core family gathering, this time it was rare to have this opportunity, he wanted to provide a plan to show it, but he didn't expect everyone's controversy to be so big.
In this case, it is simply left alone, he has the lowest status and is not easy to argue with everyone, anyway, he just listens to Jacob Rothschild in the end.
Sure enough, Jacob Rothschild saw that everyone had no conclusion and time was wasted, so he directly stopped and said: "Charles's proposal has a certain feasibility, as for how much effect it can achieve, the key depends on our propaganda efforts, as long as we can reverse public opinion, it will definitely have an effect, and it is a temporary delay to be able to delay." ”
"The most important thing is the capital, how much money can you maximize in this week?"
Seeing that Jacob Rothschild had decided, everyone also died down.
They all stared at each other and thought about how much money they could come up with.
Everyone knows the importance of unity, so no one wants to cheat or hide their strength, and they must do everything in their power to help the family through the crisis.
After a moment of silence, David Rothschild said: "Jacob, the French Edmond de Rothschild Bank has only been rebuilt for less than half a year, and the liquidity is indeed not long, if the bank is not privatized, a billion pounds can be taken out, but now it is a pity that I can support up to 150 million pounds." ”
After David Rothschild started, the others began to speak.
Ernro Rothschild said: "The situation is much better on the West German side, I can support £800 million in a week, and the rest is uncertain. ”
Sidney Rothschild said: "Italy can provide £500 million in cash in a week. ”
Harry Rothschild said: "The Swiss side can provide £600 million in cash. ”
......
Leobold Rothschild kept a record of the counts while everyone counted them, and finally they came up with a huge number.
Two hundred and twenty-one million pounds!
This is a week to be 100% sure of the funds raised!
It shows the strength of the Rothschild family in Europe!
Although not all of this money is from the Rothschild family, at this time, it is enough to come up with money to alleviate the crisis, which is the embodiment of ability, and the rest does not need to be considered too much, and it will be said to get through the difficulties.
As for the support method of these funds, considering that Barclays Bank is a listed company and is not 100% owned by the Rothschild family, it is certainly not a capital injection method, but a simpler deposit or borrowing relationship.
But these are small details, and they don't affect the big picture.
Evelyn Rothchild's strained face eased slightly, and a smile appeared.
"Excluding the money that will be withdrawn today, plus the funds that everyone can support, then the bank will be able to guarantee 4.6 billion pounds this week. ”
"And in the coming week, the banks will also sell some liquid assets and try to recover some loans, at least a billion pounds. ”
"It is certain that in the next half a month, we will be safe for the time being!"
Jacob Rothschild bowed 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 minimize losses. ”
"Ivelyn and I will take care of that. ”
Everyone nodded their heads and said they had no opinion.
Evelyn Rothschild thought for a moment and then said another question: "Speaking of losses, we have to mention the market capitalization of Barclays. ”
"In nine days, the market value of banks has fallen from £6.5 billion before the crisis to £5.5 billion at today's close, a loss of about £1 billion. ”
"And it is completely predictable that after the full-scale sovereign debt crisis in Latin America erupts, the market value of our banks will continue to shrink later. ”
"We are saddled with $13.68 billion in sovereign debt and $11.94 billion in venture loans, which add up to $25.62 billion. ”
"As long as these risky loans are not repaid for a day, then the stock price of our bank will keep falling. ”
"And we're selling assets and recovering loans for depositors to withdraw, which will significantly reduce our earnings, and some institutions have downgraded our banks because they think we're going to be in the red this year. ”
"So do we want to take care of the bank stock price?"
Jacob Rothschild thought for a moment and said: "Barclays Bank has not pledged equity, so the stock price will not fall, and it will not hurt us much, but it will take a long time to re-establish market confidence and brand value." ”
"It is beneficial to repurchase and increase holdings, but we are now short of funds, and we are not sure that we will deal with the more than $20 billion of risk loans in the future. ”
Evelyn Rothschild was silent for a moment, and nodded a little uncomfortably: "I see." ”
......
After 20 minutes of further discussion, the response measures and plans have been basically discussed, including the fact that Barclays' London head office will provide 1.5 billion pounds in cash to show strength......
Just when someone thought it was going to end.
Jacob Rothschild looked at Charles Rothschild and asked with a serious face: "Charles, you are in Xiangjiang, you know best about the current situation of the Jiuding Consortium and Xia Yu, what did he do after returning to Xiangjiang from the UK?"
Jiuding Consortium and Xia Yu, these are two very special words, everyone present has heard it, Harry Rothschild and Liszt Rothschild and others also know that Jacob Rothschild and others once wanted to control Xia Yu and Jiuding Consortium, but in the end the plan ran aground.
As for the specific situation, they do not know.
Now, on this occasion, Jacob Rothschild suddenly mentioned Xia Yu and the Jiuding Consortium, is there any connection with the content of today's rally?
The speculation came to mind, and all eyes were focused on Charles Rothschild, causing the latter to feel a huge pressure.
PS: I'll be a shift today, please forgive me, I left the hospital at five o'clock in the morning, and I collapsed all day, hey
n.