The word bank is tantamount to a fantasy for Kim so-young, probably staying in South Korea for too long, and never heard of anyone buying a bank, which is not something ordinary people can do.

So when Walker heard the news that Daojun might buy the bank, his first reaction was like listening to a dream, full of incredulity, or not much belief.

But calm down and think about it carefully, Daojun does have that ability, he created such a big foundation at a young age, he is only 20 years old, and the days ahead are still long, who can predict what will happen in the future!

Ordinary people just describe ordinary people, and for Kim Do-joon, he can only be described as a monster.

"In this document, there are several small banks that are on the verge of bankruptcy and reorganization, but only two are highlighted, the British Union Leicester Bank and the British B&B Bank!"

The e-mail information sent by Joshua to Kim Do-jun was obtained through his own channels, and there are many opportunities for acquisition, don't think it's easy, in fact, it may appear at a dinner, it may appear at a dance, and even on some formal occasions, and someone inadvertently says that it is not unusual.

This document records in detail that the predecessor of the United Leicester Bank was established in 1852 and has a history of 156 years, which can be regarded as a banking institution with a long history and strong heritage, and was finally formally established in 1985 after many mergers and acquisitions.

But in the wake of the economic crisis, Leicester's share price plummeted within a year of last year. The price of its shares fell by 75 percent. The equivalent of three-quarters of the price is gone.

In May of this year. The bank announced a further £192 million impairment, and since last summer, Leicester has been a new target for a number of rival acquisitions.

According to Joshua and Han Sung-ho's analysis, Leicester Bank currently has serious financing problems, and its acquisition is not surprising, whether it is the stock market or the securities market, their shares still make many investors uninterested. To put it bluntly, it's worthless.

Because of this, Joshua saw an opportunity to show Kim Do-joon, hear what he thought, and if he agreed, immediately start to prepare, and when he came to England, he could report back to him.

B&B Bank, is a bank in the UK that specialises in providing mortgage loans to home buyers. This includes retail deposits, with more than 197 branches across the UK. With around 2.7 million customers and £20 billion worth of deposits, such a company is also on the verge of bankruptcy and restructuring.

Two months ago, the chairman of the company's board of directors declared that the company had no problems at all and would definitely be able to maintain its independent status after a year.

However, last week, Moody's, a well-known credit rating agency, downgraded B&B Bank's rating, and B&B Bank's stock fell sharply on the same day.

Many financial professionals are analyzing, and the next problem is likely to be the B&B bank.

In the past few days, B&B Bank shares have also been heavily shorted in the London stock market for two days, until last weekend, when the UK Financial Supervisory Authority urgently banned investors from making any short selling transactions on as many as 20 banks and financial institutions, including B&B Bank.

This is still under the mediation of the top government, barely gaining a foothold, as of the day before yesterday, B&B Bank's share price has lost 9% this year.

The British insurance group just said it.

"The most dangerous financial institutions in the world right now are those who are mainly engaged in the business of residential mortgage loans!"

Quite simply, a large part of the source of the subprime mortgage crisis is closely related to the global real estate market.

Without them doing the trick in it, it wouldn't have spread so widely.

In technical terms.

"Short selling, just like the messenger of the market, free to buy and sell, once a bank's Achilles' heel is caught, it is very likely to become the object of short selling, and now the regulatory muscle temporarily prohibits short selling, which will give B&B banks and other similar institutions a chance to breathe, but the most basic problem is still not solved!"

In other words, it does not meet the needs of the market at all, and if it does not accelerate transformation and change, even if it has the support and protection of the government, it will not be able to support Adou after all, and it will completely collapse.

In June, B&B completed the £400 million warrant issuance plan after three attempts, but due to new asset write-downs and a significant increase in bad debt losses, the net loss in the first quarter of the first half of the year reached £17.2 million, showing a plummeting downward trend.

And in the first half of last year, the company also made a profit of £129 million, which is quite a travesty.

Judging from the current attitude of the British government, it has decided to take this bank back into China, and of course it is not ruled out that it will be sold as a whole.

Now these banking institutions have highlighted the plight of the UK's mortgage banks.

The British banking industry has come forward to call on the government to set up a support fund to maintain the operation of the British banking industry, following the example of the United States.

B&B is the ninth largest mortgage bank in the UK, and although it is not very high-ranked, it is also the largest bank that takes on a significant portion of property loans.

Affected by the subprime mortgage crisis in the United States, the real estate loan problem was quite serious, and the stock continued to plummet, and now it has reached 20p per share.

The UK Treasury wants the private sector to save the B&B banks, but the private banks seem reluctant to help under the spread of the global credit plane.

Whether it is the government or non-governmental institutions, the attitude is the same, it is impossible to act casually, no one is a fool, there is no benefit, will they take such a big risk and go against the wind?

Besides, the government can help one, but it can't help a hundred, there are always enterprises that need to be broken and closed, there are always workers who need to be laid off, once they are at will, it is not so easy to clean up when the time comes.

Even if it now looks like B&B banks have a whopping £20 billion in deposits and a huge base of nearly 200 branches, it does sound tempting, like a big round cake, rushing up and taking a bite.

But behind it, it is burdened with a mortgage of up to 41 billion pounds, a gap of more than 20 billion, which is not a small amount, even the top few banks are not able to eat it in one go, what will Daojun think?

Walker scratched his head, a little puzzled, although he had seen through a bit, he didn't particularly know what Kim Do-joon's mind was.

To be honest, this acquisition is tantamount to pretending to be a pig and eating a tiger, if you can swallow it and digest it all, then for Kim Do-jun, it is really full.

Now he, one word, very empty, except for Jaguar and Land Rover, which are serious automobile industry and fixed assets, the rest is only Google stock.

Although Google is a great company, Walker does not deny that when he first found out, he did have admiration for him, and a 20-year-old can indeed become a leader of young people if he can do this.

However, his foundation is not solid, the ability to resist risks is too poor, the stock is susceptible to market fluctuations, today up 10 points, tomorrow may fall below 20 points, one will be high, the other time, his value will also change up and down with the value of the stock, too unsafe.

And the automobile industry, it is even more difficult to say, in a word, sales determine success or failure, the car is produced and manufactured, it has to be able to sell, not in the dealer, not in the warehouse, one more day of inventory, there is a lot less profit, only as soon as possible to produce and sell, in order to achieve the maximum benefit.

But how much effort is needed here, branding, publicity, marketing, automotive channels, relationships with suppliers, relationships with dealers, relationships with other governments, customs, all of which need to be worried about by Philippe Walan, the head of KDJ's automotive department.

Therefore, from his point of view, he hopes that Kim Dojun can have a solid foundation, a little firmer, and a little more stable, even if he encounters an economic crisis, he will not break his muscles and bones, and the acquisition of a bank is a very safe way.

Using people's savings, accelerating development, expanding their own business sector, there is no need to worry about the situation of funds, even if it is financing, it is more convenient, cheaper, and even more efficient than others.

The only drawback is whether the work can be done in an open and transparent way to buy banks and then exit the stock market, which is the focus of the work.

No matter which country the banks are in, especially the private banks, they are strictly managed and monitored by the government, which is beyond doubt, for the government, the banks are only a tool to stabilize the society, a tool to serve the people, and how to make reasonable use of resources while facilitating people's lives, this is the role they should play.

So once this battle starts, you must devote yourself to it, otherwise, it is very likely that your efforts will be lost.

Walker touched his chin, a little hesitant, frowning, revealing his mood at the moment.

"If Joshua is here now, then we can discuss it, and I don't seem to understand it anymore!"

Walker muttered with laughter in his heart alone, now he has slowly changed his identity, from the former senior manager of the Express Company, to the right-hand man next to Kim Do-jun, from his point of view, began to think for him, but he himself has not realized it.

I chatted with Kim so Young from the afternoon to the evening, and I didn't leave the room for a single step, the two of them sat on the sofa, one was sorting out the materials, taking notes and homework, and the other was helping to book dinner for Kim Do-joon.

That's why I made a temporary call to the front desk of the hotel.

By the time Kim Do-joon pushed the door in, it was already half past nine in the evening. (To be continued......)