Chapter 223: Reluctantly Selling
In the afternoon, Meng Lina helped Wang Tianyu make an appointment with another major investment bank in the United States, Morgan Stanley's president John? Mike.
Morgan Stanley was originally just an investment arm of JPMorgan Chase, which was later spun off from JPMorgan Chase and became an independent investment bank. However, there is no doubt that Morgan Stanley and JPMorgan Chase both belong to the American JPMorgan consortium.
On September 15, 2008, it was the darkest day on Wall Street, when Lehman Brothers, the fourth largest investment bank in the United States, filed for bankruptcy protection, and the third largest investment bank, Midland Securities, was acquired by Bank of America.
After the bankruptcy of Lehman Brothers, news came from Britain that Morgan Stanley was facing financial difficulties, and in less than ten days, Morgan Stanley's stock price plummeted from $40 per share to $21.72, a drop of more than 50%, and what was even more terrifying was that its stock price acquisition plummeted to $6.71 like a high diving, and rumors and panic shrouded the Morgan Stanley Building for a while.
To get out of the situation, Morgan Stanley's president Johanf? Mike began to contact the government for help, and then Morgan Stanley submitted an application to the Federal Reserve, requesting that it be transformed from an investment bank to a bank holding company, and soon the Federal Reserve approved Morgan Stanley's transformation from an investment bank to a traditional investment holding company. Enjoy the right to receive emergency loans from the Federal Reserve in perpetuity. Morgan Stanley also received $10 billion in government bailout funds to survive the '08 financial crisis.
However, a very interesting thing about this is that those banks did not take the initiative to seek bailout funds from the U.S. government, and those funds were shoehorned into the big U.S. banks by the U.S. government. The big U.S. banks were summoned to Washington by the Treasury secretary, the U.S. Treasury secretary, the chairman of the Federal Reserve, the president of the Federal Reserve Bank of New York, and all the senior officials of the regulators, who told the banks that they needed the banks to be strong, that they foresaw financial distress, and that the financial system was flawed. They need to confirm that those banks will receive bailout funds from the U.S. government and maintain an appropriate capital reserve ratio. So their point of view is quite convincing, and especially the US Treasury Secretary clearly stated. That's what he wants the bank to do. The end result was that all the banks involved in that meeting received the government's bailout funds.
Everybody knows that. There is a saying in the American high society that God will come to Morgan Stanley if he wants financing, which shows how influential Morgan Stanley is in the United States. And Wang Tianyu naturally thought of Morgan Stanley when he wanted to raise funds, and more importantly, Wang Tianyu and the Morgan consortium did not have any conflict of interest. Come to think Morgan Stanley wouldn't turn away their God.
Johanf? Mike and Wang Tianyu sat in the reception room of the Morgan Stanley Building. Johanf? Mike took the lead in smiling at Wang Tianyu and said, "Mr. Wang." Don't know how it can help you? ”
"Mr. Mike is so clever, I think he must have guessed what I was trying to do. I'm not going to beat around the bush anymore, I'm here to raise money. "Wang Tianyu looked at John? Mike said.
Johanf? Mike looked like he was in his sixties. But the whole person seemed to be in good spirits.
"How much financing do I need?" Johanf? Mike asked directly.
"How much do you think I can raise at most?" Wang Tianyu looked at John? Mike said, then took out the 70% equity certificate of Tianyu Bank and handed it to John? Mike.
Johanf? Mike took the document in Wang Tianyu's hand and looked at it, then frowned, then raised his head and looked at Wang Tianyu and said directly: "Ten percent of the shares are used as collateral, and we will lend you $1 billion." ”
Wang Tianyu and Meng Lina already knew before they came that Morgan Stanley would definitely not accept 70% of his shares as collateral, which would be too risky.
"Ten percent of the stock only lends me a billion dollars? Isn't it too little, even according to the current market value of Tianyu Bank, how can 10% of Tianyu Bank's shares still be worth 3 billion US dollars! Wang Tianyu said with a frown.
"But 70% of your shares are in the name of Tianyu Fund, and your Tianyu Fund is now in trouble, and the stock price of Tianyu Bank will definitely continue to fall." Johanf? Mike looked at Wang Tianyu and said.
"Ten percent of a stock for a $1 billion loan is the limit, and even then, we're taking a big risk." Johanf? Mike continued.
"Even if I throw 10 percent of the stock in the water, it won't be cheap, you vampires." Wang Tianyu took John's husband? The proof of equity document in Mike's hand, facing Johnson? Mike said angrily, and after saying that, he followed Monlina out of Morgan Stanley Building.
After leaving the Morgan Stanley Building, Meng Lina said to Wang Tianyu: "Tianyu, in fact, what Mr. Mike said just now is very right, I don't think other banks may put forward such generous conditions." ”
"I know, but even if you pledge all the 70 percent of the shares, you will only get about $7 billion at most, which is a drop in the bucket and far from solving this crisis." Wang Tianyu sighed and said, in fact, in Wang Tianyu's heart, it didn't matter at all, he was looking for bank financing everywhere like this just to show outsiders, so that Gao Sheng and people in the outside world knew that he was now anxious like an ant on a hot pot.
"Let's go, let's go to other big banks in the United States!" Wang Tianyu continued.
Then Wang Tianyu went to several other big American banks, but the best result was only the same conditions as Morgan Stanley, which made Wang Tianyu and Meng Lina feel very disappointed.
At this moment, Wang Tianyu and Meng Lina were walking out of Citibank dejectedly, but they happened to meet an acquaintance, that is, Lao Erde? Belanqueva.
"Yo, isn't that the financial investment genius of Wall Street? Didn't you say you wanted to monopolize the spot gold market? Why do you look so depressed? "Raulder? Bellankefan said to Wang Tianyu with a smile on his face.
"Don't be complacent too early, when I really monopolize the spot gold market, you will die an ugly death." Wang Tianyu pointed at Lao Erde? Belrankfan said with a grim face.
"Yo, you haven't woken up yet, you're still daydreaming! It's time to wake up, lad. "Raulder? Bellankefan looked at Wang Tianyu with disdain and said.
"What? If you are in a hurry to use the money, you can tell me, otherwise, you can sell me 70% of the shares of Tianyu Bank in your hand, right? "Raulder? Belrankevan then said to Wang Tianyu.
"Hmph, you're going to die of this heart, even if you watch Tianyu Bank go bankrupt, I won't sell it to you." Wang Tianyu snorted coldly.
"Young people, don't be rash, everyone is doing this business, isn't it just to make money, why can't you get along with money?" Raulder? Frank said with a smile on his face.
"In this case, I will bid $10 billion for 70% of your shares in Tianyu Bank." Raulder? Belrankfan continued.
"$10 billion wants to buy 70% of my shares, you can dream about it!" Wang Tianyu to Raulde? Blancfan said fiercely, and after finishing speaking, he took Monlina and walked away without looking back.
"You think about it again, come to me when you want to sell it." Raulder? Bellankefan said to Wang Tianyu's back.
"If you die of this heart, even if you watch the shares of Tianyu Bank turn into waste paper, I won't sell it to you." Wang Tianyu turned his head to Lao Erde? Bellak said in a very resolute tone, and after finishing speaking, he got into the car.
"You have a personality, I like it, I want to see how hard you can be, I will definitely make you kneel in front of me and bow to me." Raulder? Bellankefan looked at the direction of Wang Tianyu's car and muttered to himself, but the smile on his face was even stronger, the more Wang Tianyu refused to bow his head, the more he asked Wang Tianyu to bow his head, so that he would have a greater sense of accomplishment.
"Tianyu, what should we do now?" Meng Lina asked Wang Tianyu in the car.
"Now I can only sell Tianyu Bank, maybe it can be worth a little money." Wang Tianyu said helplessly.
Soon, the news that Wang Tianyu was going to sell Tianyu Bank spread all over Wall Street, and the stock price of Tianyu Bank rose sharply.
Although the stock price of Tianyu Bank has been falling, to be honest, since the merger and reorganization of Tianyu Bank, both the scale and assets of Tianyu Bank have increased a lot. The value of Tianyu Bank is definitely more than 20 billion US dollars, but the key problem is that Tianyu Fund is the controlling shareholder of Tianyu Bank, so investors are naturally full of worries about the future of Tianyu Bank, and naturally no one is willing to buy.
But Wang Tianyu is selling Tianyu Bank now, it is different, if Tianyu Bank falls into the hands of others, its value will definitely not be only as little as it is now, so this can be said to be a good thing for Tianyu Bank. And there are also many people who have already taken a fancy to the potential of Tianyu Bank, so the first time Wang Tianyu released his words, many people came to Wang Tianyu, hoping to buy the 70% of the shares of Tianyu Bank in Wang Tianyu's hands. However, they all knew that Wang Tianyu was in urgent need of money now, and they all wanted to take advantage of the fire to rob and keep the price very low, so Wang Tianyu naturally did not agree. (To be continued......)