Chapter 1347: Routines are not something that anyone can play!
Under the raging financial turmoil, the assets of major banks have shrunk wildly, and in order to make the capital meet the regulatory requirements and avoid bankruptcy, major banks have begun to raise cash, but most of them have failed to do so.
Faced with banks on the verge of bankruptcy, Britain became the first government in the West to begin the so-called 'nationalization of banks', and began to inject government funds into banks.
The pros and cons of 'nationalization' of banks have not only sparked debate, but most bankers are also very opposed to nationalization. Even Andy fears that the government's capital injection will panic the bank's existing shareholders and fear that their shares will be diluted. Not to mention the other bankers.
Of course, the more important impact for the bankers themselves is that if they are forced to accept 'nationalization', the government will definitely impose restrictions on dividends and bonuses, which will not only affect salaries, but also lose the exclusivity of the banks they manage, which bank executives do not want to see.
Barclays had previously successfully acquired Lehman Brothers' U.S. business from Andy, and although it was a success, it became a strong competitor to the big Wall Street investment banks.
However, in the following period, the original Lehman Brothers investment banking team members left one after another, resulting in a significant reduction in the true value of the acquisition. What Barclays didn't know was that the force that poached the original Lehman elite investment banking team was Andy Smith's Liberty City Investment Company...
The reason why Andy was sure that Barclays would be honestly pressed on the floor by him, and he had to accept his investment plan with a smile on his 'wool out of the sheep', was because his subordinates in London had been shorting Barclays' stock price while always paying attention to collecting their information.
When it was learned that Barclays would need to raise its capital ratio to 8% within this month, it would need a total of Β£300 million in funding to defend against the British government's nationalisation.
At the same time, it was learned from the newspaper that Barclays' two major rivals, the Royal Bank of Scotland and the Lloyds Banking Group, had received state aid and started the process of localization. As a result, the pressure is converging on Barclays and the bank's management.
Andy officially arrives and officially reaps the loot he has been preparing for a long time!
In fact, at this point, there are really not many options left for Barclays, unless the group of bank executives in the room accept the capital injection of the British government and accept the reality of nationalization.
Then there is the risk of crossing the legal red line to accept a total of more than 300 million pounds of 'consulting fees' from desert tycoons and those consultants.
Undoubtedly, Andy Smith's investment, although embarrassing, is exactly in line with the requirements of Barclays Bank to increase its capital ratio, not only increasing the total cash flow by Β£400 million, but also adding Β£000 million in high-quality collateral assets.
So this time from the very beginning of Andy's control of the rhythm, calculated to die investment negotiations went very smoothly, his Andy Smith's investment, not only can give Barclays Bank financial help, but more importantly, the influence brought by his name, the confidence of investors in the financial market!
His Andy Smith's influence in the capital market is not comparable to those desert tyrants who only have a lot of money!
"Bang Bangβ"
There was applause in the conference room, and Andy Smith, who was smiling, and Robert Raymond, the president of Barclays Bank, who was also smiling, exchanged folders in their hands, and their hands were tightly clasped together.
"Mr. Smith, welcome to the Barclays family, and ask for your support in the future. β
"Barclays is a great bank and it is an honour to be a part of it, thank you. β
Looking at the two people shaking hands and smiling and talking in the field, everyone in the conference room had a smile on their faces, as if the previous unpleasantness, unwillingness, and dissatisfaction had never existed, Amar looked at all this, and had an indescribable feeling in his heart, just like when he returned to work at the United Nations, everyone wore several masks.
There are no eternal enemies, no eternal friends, only eternal interests. Churchill's words are perhaps the most appropriate commentary at this time.
"Welcome... Mr. Smith. β
"Thank you. β
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Andy kept a big smile on his face and shook hands with the executives of Barclays Bank who were present one by one, and at the moment the conference room was full of joy and harmony between the executives and directors.
From the applause in the conference room to the moment Andy took Ammar, the assistant and the president of Barclays Bank and the management led by the management to sit in the lounge area and chat, waiting for the press conference to be held.
Barclays Bank E John Wally can be said to be under a lot of pressure during this time, and he has just flown back from DNG, and he has tried his best to get a life-saving second financing from the hands of that group of tyrants, but the other party's lion mouth is too big, so he can only run back to seek the decision of the board of directors, and in front of Andy Smith, the new director, John Wally poured bitter water.
However, Andy is not interested in these things at all, the reason why he is now entering Barclays Bank is that Barclays' stock price rebounds, and when the financial turmoil passes, Barclays' stock price will return to its original level and cash out, as for the power struggle of the board of directors and the operation of the bank, he is not interested at all, as long as he does not touch his interests and dilute his shares, he will assign a subordinate to be a mascot.
Where there is money, there are bankers.
As a banker who only pursues profits, the executives of Barclays Bank present are definitely the best among them, Andy's "wool out of the sheep" plan successfully achieved the goal, but also woke up this group of people, although Andy's method is shameless, but it is very simple, and it is feasible to use it repeatedly.
So when E John Wally proposed that Andy invest billions of dollars into Barclays Bank, and then sign a supplementary agreement to re-lend to Andy at an ultra-low interest rate, Andy will use the loan to reinvest in Barclays Bank, and the interest and fees incurred in the process are all borne by Barclays Bank, which can be paid to Andy in the form of consulting fees.
I have to say that the other party's ability to draw inferences is really strong, and the tricks of the wool out of the sheep were immediately learned and used by the other party, but Andy knows better than anyone else that this is a big hole for him, and he can make money, but he will get into trouble.
When several bank management leaders, including President Robert Raymond, thought that this plan was highly feasible and could directly solve the risk of nationalization, Ammar, a beautiful lawyer holding a coffee cup on the side, put down the cup and interrupted the dream of several people with an elegant smile.
"Under the UK's current Companies Act 985, your methods are "conspiracy to defraud and unlawful financial assistance" and you will be held accountable if they are implemented.
Mr. Smith's investment in Barclays Bank is an investment completed with his own financial resources, not with the financial resources of Barclays Bank, because Mr. Smith was not a shareholder of your bank before, and it was reasonable and legal, but now as a shareholder, if the shareholder's false capital contribution is verified, it is a crime!"
"Ahem... β
Several bank executives, including President Robert Raymond, were like being poured a basin of cold water, and at the same time, they coughed awkwardly, and they also faced up to this beautiful lawyer who had been following Andy, no wonder a super-rich man like Andy Smith would take her with him, it doesn't seem to be a vase, but really awesome!
After Amar finished elaborating, a pair of beautiful eyes looked at Andy Smith, who had been upturned at the corners of his mouth and his smile had not dissipated from beginning to end, and looked at his bright eyes, seeing appreciation and relief in the eyes of the other party.