After being busy, Tang Bao rarely basked in the warm sun on the recliner and drank a leisurely wine, which had a rare taste.

Pity.

This rare enjoyment did not last long and was soon interrupted. Kate came over softly and reminded, "Boss, Citi's vice president Miller is here to visit." ”

"Miller ......"

Tang Bao groaned in a low voice, unhurriedly put down the goblet, then stood up and walked in the direction of the living room.

When I walked to the door, I saw Miller sitting quietly on the couch, with his head down, not knowing what was going on in his mind. Tang Bao's footsteps paused slightly, and then stepped into the living room, with a faint smile on his face, "Mr. Miller, what a rare guest, how can you have time to come to me." ”

"Don, it's a pleasure to meet you." When Miller saw Tang Bao appear, he hurriedly stood up and said.

The two shook hands politely and let go, Tang Bao immediately warmly beckoned Miller to sit down, and the maid brought two cups of fragrant tea at the right time.

"Don, I've heard that Adelson's Centex company borrowed a billion dollars from Phoenix Investment Group." Miller asked, as he sat back down.

"Mr. Miller is well-informed, and there is such a thing." Tang Bao smiled and generously admitted. Citi also has a board seat within the Phoenix Investment Group, and Miller knows about Adelson's borrowing of money, which is a normal thing.

"Well, I really envy Adelson, even if you're in a deep trouble, you can help me......," Miller lamented.

Tang Bao only smiled and did not answer. Miller and Adelson didn't cross paths, and he couldn't have come to talk to him about Adelson borrowing money for no reason. As Tang Bao expected, Miller's next words directly showed his true intentions.

Miller pondered for a moment, then said, "Tang, our Citibank also intends to borrow a sum of money from Phoenix Investment Group to save the emergency!" ”

Citi wants to borrow money?

Tang Bao couldn't help but realize in his heart, it turned out that he saw Adelson successfully borrow a huge amount of money from Phoenix Investment Group. Citi wants to follow suit.

But.

Tang Bao had already had the idea of Citibank, so how could he easily loosen his mouth and provide funds for emergency relief. He was eager to cut off all of Citi's fundraising channels and drive the other party to a dead end. Then buy Citi stock at a lower price and come to the rescue as a savior.

Seeing that Tang Bao's face did not change at all, and he was silent quietly, Miller couldn't help but be anxious.

"Tang, Phoenix Investment Group has gained a lot in this Japanese stock market, the liquidity is exceptionally abundant, and if you have enough strength to borrow funds from Citi, we will also pay interest that you are satisfied with." Miller said hurriedly. "Adelson's real estate companies can borrow huge sums of money. Citi also maintains a very close working relationship with you, and you should be qualified. In terms of interest, it can be higher than Adson. ”

"Heh, Mr. Miller, don't worry, I didn't say I didn't want to lend money to Citi. However, given the difficulties faced by the U.S. banking sector as a whole, the risks are significant. Therefore, I had to have a full and clear understanding of Citi's financial situation before I could decide whether to borrow money or not. Tang Bao said with a smile.

Then he explained, "Mr. Miller. You may think that it is unfair for Phoenix Investment Group to lend money to Adelson without saying a word, and ask you for financial information when it comes to Citi's head. But I have to tell you. Citi and Adelson are different. Adelson put $200 million into my investment fund last year, and that investment has paid off very well. The reason why I didn't get my investment back, but borrowed the funds, was because I had some personal matters some time ago, and I didn't have time to come back to deal with them in a hurry. Therefore, strictly speaking. Adelson borrowed the money, just to get his own money back. Originally, the money should have been paid from my account, but Phoenix Investment Group advanced it on my behalf. When I returned, I quickly transferred the funds to the Phoenix Investment Group account. ”

Forehead.

Hearing Tang Bao's explanation, Miller couldn't help but be stunned, he didn't expect such a complicated inside story. Things are very complicated, but he understands what Tang Bao really wants to express, that is, Adelson has an absolute guarantee of safety for the borrowed funds, so Phoenix Investment Group is very happy.

But what guarantees does Citi take......

Thinking of the mess of finances within Citi, Miller couldn't help but smile bitterly.

"Mr. Miller, if Citi wants to lend money to Phoenix Investment Group, you would better provide me with a detailed financial report. As you said, Citi and Phoenix Investment Group are close partners, and Citi is also a shareholder of Phoenix Investment Group, and I will try to help if I can. But I can't just talk about it, and I have to take care of the emotions of other shareholders. Tang Bao pretended to be helpless and said.

Scold.

Don't do a word?

It's a joke. Everyone knows that although Tang Bao has not been in the Phoenix Investment Group for a long time, he is very strong. If he agrees, who would dare to object? At this time, Tang Bao talked about other shareholders, which was nothing more than a polite refusal of Citigroup's request to borrow funds.

This.

Miller knew it, but he didn't pick it on his face.

"Alas, it seems that if you want to borrow money from Phoenix Investment Group, you have to provide detailed financial reports. But with the company's financial situation, Tang Bao looked at it, did he dare to pay Citigroup? Taking a step back, even if Tang Bao is still willing to lend money to Citigroup, the price he needs to pay will probably skyrocket. Miller said secretly in his heart.

Without Citi's detailed financial report, Tang Bao could not assess the risks and would not easily let go of the borrowed funds. However, the provision of financial reports undoubtedly exposes Citibank's predicament, and increasing Citibank's financing costs is secondary, and it will be a disaster if it causes investors to panic and lose confidence in Citi.

So.

Miller was caught between delivering a dismal financial report or finding another alternative...... Miller had a headache just thinking about it.

Sometimes.

He is secretly glad that he is not the CEO of Citi, but just a vice president, and does not need to bear so much pressure.

……

"Don, I'll make a detailed report to the board when I get back. However, it is difficult for me to determine whether Citi's detailed financial report will be provided. ”

"Hmm."

Tang Bao smiled lightly and provided Citi's financial report to Tang Bao, which was tantamount to stripping himself naked and presenting it in front of Tang Bao at a glance. It's normal for Miller to have concerns, but I'm afraid that Citi's board of directors will also be undecided. But that's what he wanted.

In fact.

Even if Citi happily provided its financial report, Tang Bao would not be able to lend money to Citi happily. He will keep procrastinating, delaying until Citi can't bear it, and until Citi takes the initiative to ask Tang Bao to buy shares to save his life.

Historically.

After the Citi crisis was exposed, some shareholders sold their shares and fled, while external investors were more afraid of being affected and did not dare to use Citi. It wasn't until Saudi Prince Alwaleed took the lead in the rescue that market confidence was boosted, and risk-taking investors followed suit. This changed the embarrassment of Citi that no one dared to save in one fell swoop!

Pity.

With Tang Bao's intervention, Alwaleed endured and didn't make a move this time.

……

Tang Bao knew very well that Citi would fall into a crisis, but it was difficult to have a clear grasp of Citibank's recent situation. So he put Miller to the test.

"As far as I know, Citibank performed very well last year, and even if it was hit by the real estate and banking crisis for a while, it should not fall into the predicament of a shortage of funds, right? Could it be that Citibank is facing other difficulties? Tang Bao asked.

Without waiting for Miller to answer, Tang Bao continued, "I heard that the debt crisis in Latin America is also getting worse, and Citibank should have a lot of business in Latin American countries, right? ”

Hear the words.

Miller smiled wryly and nodded, which he also hidden. The Latin American debt crisis has lasted for several years and has been difficult to resolve until now. Citibank has a huge business in Latin American countries, and many loans are difficult to recover, and the losses are not ordinary.

"Last year, Treasury Secretary Brady proposed a new policy to address Latin America's debt problem. Creditor banks have waived some of their Latin American debt in exchange for the remaining loan principal and interest guaranteed by the World Bank and the International Monetary Fund. Although it was a heavy loss, fortunately we did not lose all our money. Much better than we expected the worst-case scenario...... "Miller did not specify the amount of Citibank's losses in Latin American countries. On the contrary, it was very optimistic, and it was clear that Citibank was very satisfied with such an outcome.

"So the rest of Citibank's loans in Latin America are safe?" Tang Bao asked.

"Yes. The remaining loans are guaranteed by the World Bank and the International Monetary Fund and are absolutely safe. It will take a long time to recover these loans, even into the twenty-first century. Therefore, the solution of the debt problem in Latin America will only help Citibank avoid the expansion of losses, and in the short term, it will not be able to mobilize funds from Latin America to return to the aid. Miller said

Well.

Tang Bao nodded in understanding.

Tang Bao and Miller discussed the issue of Citibank for more than two hours, and he also wanted to find out as much as possible about Citibank. But Miller is also very cautious, and he will say things that don't matter. When it comes to the core message, he just said it.

Call.

Looking at Miller's departing figure, Tang Bao's face couldn't help but have a mysterious smile.

"Boss, could it be that Citibank sent their financial report, and you really borrowed money?" Kate, who was standing next to her, couldn't help asking.

"Huh. Not to mention whether Citi dares to come up with the financial report, even if they send it, a complex financial report is also very time-consuming and laborious to audit and evaluate......"

“……”

Kate couldn't help but look at Tang Bao speechlessly, she knew that it was not that simple.

Ponder for a moment.

Tang Bao said, "I haven't been to East West Bank since I stopped M&A expansion, and I don't know how East West Bank's integration is. Let's go, let's see! (To be continued......)