In George King's heart, tens of thousands of hemp batches float through every day.

Nicolison is now known as a devil trader, and I'm afraid that in the future, he will have to be beaten down by the previous Standard Beater.

This is definitely the greatest shame for George King, who came from an aristocratic background.

However, at this point, there is no possibility of salvation at all.

George King could only pick up the phone and inform the top of the board and the various senior management members one by one.

"Damn, George, tell me, how can you lose 3.5 billion US dollars, 3.5 billion..... you just set fire to it every day, you have to burn it for ten years....."

"God, how can this be, it's only been a few months, how can you lose so much money, Li Sen has been playing for more than a billion for a year, and you have lost 3.5 billion US dollars in a few months...."

"George, I think your name will go down in the history of finance. ”

“……”

Standard Chartered Hong Kong Headquarters.

After George King made the call, the heads of Standard Chartered all regions around the world rushed to Hong Kong.

Global Chief Executive Officer, Chief Executive Officer, Executive Director, Chairman of Standard Chartered Group, and other senior management.

However, the reactions to these have been bizarre.

Some people gloat, some complain, and some mock.

Others want to eat George King alive.

The reason is simple.

A large part of these senior managers at Standard Chartered are part-time workers.

Just like Jos?? Venals, the vice-chairman.

He was in the mood to watch the drama of George King's catastrophe.

In a group company, factional strife is also common.

George King, a British-born, is the CEO of Standard Chartered Asia.

With a good background, George King often doesn't take other people seriously.

That kind of aristocratic style, some people have long looked at him unpleasantly.

Now George King has made such a big basket that he will have to bear an indelible stain for the rest of his life.

This pair of Jos, who is fighting with George King, is not pleasing to the eye?? For Venals, nature is a beautiful thing.

As for the bankruptcy of Standard Chartered, it has nothing to do with him.

It's nothing more than losing a job.

Take Jos?? With Vernals' experience, he didn't have to worry about finding a job at all.

In the midst of George King's downfall, Jos?? Venals is serious.

"George, take it easy, it's not your fault, at most, it's a name for breaking Standard Chartered, this is a good opportunity for you to make a name for yourself all over the world....."

Jose?? Venals could say cool things, but George King couldn't refute them at all.

As the top person in charge of this decision, George King can only choose to bear the consequences.

"Bang...."

There was a thud of the door, and the door of the closed conference room was pushed open from the outside.

Then, a group of people rushed in from the outside.

Asian ethnicity.

After a dozen Asians entered, the previously noisy conference room immediately fell silent.

Standard Chartered Bank, after merging with Standard Bank of South Africa, is also known as Standard Chartered Bank.

It is an established bank, established in 1853 under the charter of Queen Victoria.

In the eyes of many people, Standard Chartered is a British commercial bank.

It is registered in the United Kingdom, is also listed on the London Stock Exchange, and its senior management is mostly British.

Everything seems to fit the characteristics of the British commercial bank.

But in fact, the real control of Standard Chartered Bank is not British.

In 1986, Standard Chartered fell into an economic crisis due to operational problems, which caused the British Rice Bank to attempt to suppress the acquisition of Standard Chartered.

When Rice Bank was fully prepared to acquire Standard Chartered, it suddenly killed three Cheng Biting Gold.

The equity war of any group company is no less than a huge war behind it.

Eventually, Qiu De Dial united with the Chinese world ship king Bao Yugang's Global International Finance Limited, and Australian businessman Robert ?? Houm, snatched Standard Chartered from Rice Bank.

The three joined forces to acquire 37 percent of Standard Chartered's shares.

Among them, Bao Yugang accounted for 14 percent, Qiu De Pao accounted for 14 percent, and Robert ?? Houm accounts for nine percent.

Among the three, Pao Yugang and Qiu Depo are both Chinese businessmen.

In addition, Singapore's state-owned Temasek Group also holds 8% of Standard Chartered's total share capital.

As for the other diversified equity, it is mainly concentrated in the hands of some funds.

The largest is Black Rock Capital.

Therefore, when the management of Standard Chartered saw a group of Chinese people coming in, they immediately quieted down.

As people in a capitalist country, these bankers know very well the reverence and respect for their bosses.

After the main owner arrived, it was natural to report the beginning and end of this crisis.

George Kim cheered up and finished the book and told the whole story.

How to negotiate with Jushi Capital, how to sign an insurance contract with Jushi Capital, to the terms of the insurance contract and the risk assessment at that time.

Very impartial, very careful.

There is no concealment or shirking of responsibility.

It can be said that George King is a very competent person in charge.

Of course, in the present situation, there is no point in concealing and shirking.

After listening to George King's report, the faces of the major shareholders or shareholder representatives present were all black.

Whether it's Global International Finance, Khoo Tak Allocation's Malay Capital, or Singapore's Temasek.

Each of them is a giant that has been in the capital market for a long time.

Those who can come to this kind of occasion are naturally professionals from various families.

In the midst of George King's complete return, he immediately realized how far Standard Chartered had become.

A group of people, that is the heart to kill George King.

However, they also knew that this matter had little to do with George King.

In terms of duty, George King did not make any mistakes.

Risk assessment, administrative approvals at all levels, to the signing of the final contract.

Every link is clear and clear.

Some of them have also made a decision to approve it.

This means that no one was aware of the crisis lurking under this policy in the first place.

Now that the problem has arisen, there is no way to blame George King.

Such a large insurance policy has been carefully studied and analyzed by countless departments.

If they scold, they are scolding themselves.

Plum cane farmer.

Singaporeans, Temasek's representatives this time.

After reading all the information, he asked with a strong anger.

"What the hell is this boulder capital, is there any conspiracy here, otherwise how would you know that real estate in Thailand will collapse?"

This is a question that George King has thought about countless times.

But the final answer is, I don't understand.

If there had been any clues, George King would not have signed that insurance contract lightly.

No one can answer the question of the sugar cane farmer.

Even if there is any conspiracy, under a contract with full legal benefits, everything must be decided by evidence.

But according to the terms of that contract, the only way to wait for Standard Chartered is bankruptcy liquidation.

At the board meeting, the major directors discussed for a long time and did not discuss any results.

Standard Chartered's legal department, as well as professionals brought in by the three major shareholders, cross-reviewed the contract several times.

The aim is to find loopholes that can avoid huge compensation.

Normally, even the most detailed contract may have some subtle loopholes.

As long as you can find a trace, with the strength of the major families, you can resolve this crisis at the lowest cost.

Unfortunately, no matter how many times the people from the legal department audited it, they didn't find any loopholes to not fulfill the contract.

All the detailed terms, each of which jammed the possibility of a possible breach of contract by Standard Chartered.

Asset value, payout ratio, underlying range, contract index.

Everything, everything.

There isn't even the slightest loophole to be exploited.

It's as if the other party has known for a long time that Thai housing prices will plummet.

Time, amount, range.

It is completely set in the direction that is most advantageous to the other party.

This kind of contract, without a trace of loopholes, makes everyone feel a hint of conspiracy.

But no one can crack this conspiracy.

Standard Chartered has total assets of US$3.9 billion, and its core capital ranks 420th among the world's 1,000 largest banks.

More than $50 billion is controlled worldwide, but in 1994, Standard Chartered's pre-tax profit was as high as $350 million.

If it were possible, no one would give up on a chicken like Standard Chartered that lays golden eggs.

However, in the face of the $200 million contract, even if the three major shareholders are united, there is a sense of powerlessness.

Standard Chartered's total capital is at US$2 billion.

But according to the terms of that policy, it is equivalent to a loss of $3.5 billion for Standard Chartered now.

If it is only $3.5 billion, several major shareholders may still take over the shortfall.

After all, Standard Chartered's total assets are placed there.

As long as another billion dollars are injected, Standard Chartered's bankruptcy fate can be saved.

With Standard Chartered's annual income, it may be possible to recoup this deficit in a few years.

But the problem is that Thailand's property index, like the stock market, is like a bottomless abyss, and no one knows exactly where it will fall.

Before this policy expires, and before Jushi Capital redeems this default swap, it is impossible to predict how much money this policy will cost Standard Chartered.

According to the terms of the policy, for every 1% drop in the composite index of house prices in Thailand, you will have to pay 100 times the premium.

With the huge sell-off currently suffered by Thailand's real estate industry, there will be no possibility of any rise in the moment and a half.

I want to save by injecting funds.

Maybe there is a possibility of saving, or maybe it is a bottomless pit at all.

Until the results are clear, no one will dare to recapitalize Standard Chartered.

After a day of discussion, the board of directors did not come up with a final result.

The current Standard Chartered is not up to these shareholders to have the final say.

What really controls the fate of Standard Chartered is the credit default swap, to be precise, the person who buys the credit default swap.

However, it didn't take long for all shareholders to give up on the possibility of saving Standard Chartered.

The Thai baht collapsed.

。 m.