Chapter 456: We Need Derivatives
Just when the market in China is in full swing, a great drama is also being staged on the other side of the ocean, and the protagonist is the famous Deutsche Bank. Pen? Interesting? Pavilion wWw. biquge。 info
"Jamie, I need to talk to you, now!"
It was already late at night, and the phone rang in this luxurious bedroom without warning, waking up the sleeping owner, who muttered dissatisfiedly, barked at the dog outside, and only turned to the side of the pet and fell asleep again.
The man yawned heavily, turned on the dim lamp next to the bed, fumbled for a long time to find his reading glasses, put on the glasses before touching the microphone, and tried his best to make his tone not emotional and said: "This is Jamie. Dimon's residence, who are you? ”
"Jamie, I need to talk to you, it's now!"
A hurried voice came from the microphone, repeating what he had just said, "I'm sorry to disturb your rest, but I have something very important." ”
Jamie. Dimon, CEO of JP Morgan.
"Then wait a minute!"
Although he hasn't heard who the other party is, Jamie. Dimon immediately realized that something was wrong, immediately glanced at his wife, who was still sleeping, pressed the standby button, and hung up the phone.
He put on his slippers, wrapped his dressing gown tightly, and tiptoed to the sofa in the living room, where the Labrador who was curled up on the sofa saw the man and immediately waged his tail and greeted him happily. Rubbing his pet's hairy head for a while, Jamie. Dimon picked up the phone from the living room, "What's going on?" ”
With his words, the Labrador also cooperated and spat at the microphone twice, but Jamie. After Damon kneaded his head twice, the very human dog immediately quieted down, and obediently lay on his master's lap and remained silent.
"I'm Joseph. Ackermann, Deutsche Bank. ”
The voice in the microphone was slightly stunned, I don't know if it was because of the sudden dog barking or the other party didn't hear his own voice, but it was obvious that he didn't have time to pay attention to this at this time, but said in a hurried tone: "I'm on the plane to New York now, and I expect to arrive at JFK Airport in half an hour." ”
"What can't be talked about on the phone?"
Jamie. Dumbfounded, Dimon hurriedly asked, "Joseph, what happened?" Oh my God, is it the beginning of World War III? ”
"For me, this could be worse than World War III!"
It was clear that the other party didn't pay attention to Jamie. Damon replied with humor, but very seriously, "Jamie, I need to make a business with you, a big deal." ”
"I'll see you in my office then."
After hearing this, Jamie. Knowing that the night was going to be over, Dimon slapped his forehead in frustration and looked up and sighed, "I hope you can bring me good news enough to fill my overtime this night." Hell, to get you on a red-eye flight, I'm really curious what the hell is going on. ”
"I'm going to bring you a big deal, and I'm sure you'll be happy with it for years to come!"
Hear each other's complaints and temptations, Joseph. Ackerman didn't say much, but after throwing out a pie that he didn't know if it could be cashed in, he kept silent about anything else.
"Alright, we'll see you later."
Raising his wrist and looking at his watch, Jamie. Dimon hung up the phone, and then gently patted the head of the Labrador that was still curled up on his lap, and the intelligent dog whimpered twice and obediently left his lap.
"Damn, it's been a long night!"
When I opened the door, a chill rushed in, Jamie. Dimon subconsciously craned his neck, tightened his clothes, and walked towards the Lincoln car parked at the door.
The CEO of a big bank, there is a dedicated driver available around the clock. Five minutes ago, Jamie. Dimon had just informed the driver, and soon the plane was at the door of his house.
……
"Have a cup of coffee first!"
Forty minutes later, Jamie. Damon's office in Manhattan is brightly lit. Ackermann and a few of his able-bodied entourage were sitting on the couch, whispering something in German. Jamie. Dimon didn't bother to listen to what they had to say, so he walked to the coffee machine and made a cup of coffee himself, handed it to the other party, and said, "Refresh yourself first." Oh sorry, I guess now should be the best time for you, right? ”
Because of the time difference, although it was late at night in EST, it was not yet time to fall asleep in Germany. Ackerman may still be in the office.
"Thank you."
Joseph. Ackerman took the coffee, replied absentmindedly, and then sat down in silence as Jamie took the coffee. Across from Damon, he said after a while, "We want to make a deal with you." ”
"What deal?"
Although he already knew the other party's intentions, Jamie. Dimon didn't show much enthusiasm, this was a kind of psychological warfare, I saw him slowly pick up the coffee cup, take a sip, and then said slowly, "What deal is worth coming to in person?" Isn't it planned to buy us? ”
As he spoke, he picked up his glass again.
"I'm going to buy your derivatives division!"
For Jamie. Dimon's teasing, Joseph. Ackerman directly chose to ignore it, still with a businesslike attitude, and said in a deep voice, "And your derivatives positions, we all want them!" ”
"What?"
Jamie drinking coffee. As soon as Damon's hand shook, the coffee spilled on the white shirt, he immediately put down the coffee cup, took out a handkerchief and hurriedly wiped the coffee stains on his chest, and after a long time of confusion, he looked at the other party in disbelief and asked, "Joseph, I heard you right, right?" Do you want to buy our derivatives division, including the entire position? ”
"You heard me right, that's what I meant."
Joseph. Ackerman remained calm and continued in a voice that did not change his tone, "Including interest derivatives positions, commodity futures positions, stock index futures positions and other derivatives positions, we want them all. ”
"You're not crazy, are you?"
Jamie. Damon looked at Joseph like a monster. Ackerman, after a while, sighed and said euphemistically, "Joseph, do you know how big these positions are?" That's not tens of billions or hundreds of billions, but trillions of dollars! ”
The derivatives division has always been one of JP Morgan's most lucrative divisions. Dimon probably won't think about it for a second, and directly refuses to go back. But now the situation has changed, and regulators in the United States have been investigating JP Morgan's derivatives positions, which has also prompted them to have the idea of wanting to reduce their positions. Dimon has not denied the possibility of a deal.
"The position is trillions, but it doesn't take so much money to trade."
Apparently Joseph. Ackerman had been prepared for this, and smiled for the first time since entering this office, "For JP Morgan, I would really want to dispose of some of my positions, right?" Now that we're taking over, you can also reduce some of the trouble, isn't that the best of both worlds? ”
"I really want to do that, I really want to. And I'm sure that eventually I'll sell some of my positions to you, and of course you don't have to think about it in the derivatives department. ”
After rolling his eyes for a long time, Jamie. Dimon finally calmed down and stared straight at Joseph. Ackerman looked at it for a while, and he suddenly smiled weirdly, "It turns out that your real purpose is not our derivatives department, but our derivatives position, right?" ”
"Huh."
So quickly guessed his intentions by the other party, Joseph. The smile on Ackerman's face disappeared, and after a few dry laughs, he spread his hands and said, "So what?" Wouldn't it be nice for you and me to take what we need and help each other? ”
"Yes, as you said, everyone takes what they need and helps each other."
Jamie. Dimon was in a good mood at this time, half lying on his chair, tapping his knuckles lightly on the office desktop, and then said slowly, "It seems that the previous news about your bank is true." During this time, you are not only entangled in lawsuits, but you also have a large amount of money to deal with the possible fines caused by these lawsuits. Also, I've heard that you're preparing to make a portion of your equity investment, and you're doing it at a big discount, so it seems that the liquidity crunch is very serious. If I'm not mistaken, you're planning to fill the liquidity problem with the high yield of derivatives, right? ”
"But Joseph, I remind you that derivatives are a double-edged sword. These positions can be used to make huge profits as well as huge losses, and we are a lesson from the past. As an old friend, I would like to advise you from the bottom of my heart, that such an approach is not advisable. ”
"No, no, your guess is completely wrong, we have no problem with liquidity."
For Jamie. Dimon guessed all this, Joseph. Ackerman denied it entirely, "Jamie, you're right, derivatives are a double-edged sword. Given that the negative interest rate policy that is being implemented in Europe will continue for some time, our Board of Directors has decided that Deutsche Bank will look for new profit points in the future, targeting the derivatives market. And Jamie, I'm telling you unequivocally that after the sale of a portion of our equity investment, Deutsche Bank is capitalized to an unprecedented level, and we're not short of cash. ”
As the CEO of Deutsche Bank, it is only natural that he will firmly deny all negative news about Deutsche Bank. This is not only a position, but with his status, there is no other way to go except resolutely, because any hesitant attitude will be infinitely magnified by the market.
Although everyone is a leader in commercial banking, Joseph . Ackerman can be sure if he admits to Jamie today. What Dimon said, then tomorrow JP Morgan will be able to participate in the short Deutsche Bank legion.
Naturally, the two sides took a different position, Joseph. Ackerman will do the same without mercy, and that's the law of business.
"Is that really the case?"
Naturally, for all that Joseph said, Jamie. Dimon didn't quite believe it, looked at the other party with a smile and said, "Let's go back to trading, we will definitely sell the derivatives position to you." But the question of what varieties and how many positions we still need to consider and negotiate. Well, it's getting late today, so why don't I take you back to the hotel, and how about we continue to talk tomorrow? ”
"This ......"
Now that the intent to make a deal has been reached, Joseph. Naturally, Ackerman didn't linger too long, and immediately stood up, stretched out his palm to the other party and said, "You don't need to send me back, I have other things." Jamie, I have other things to do, we'll meet in a few days. ”
"Interesting, really interesting!"
Watching the Deutsche Bank man leave the office, Jamie. Instead of rushing home, Dimon rethought the whole thing in the office, and then a sinister smile appeared on the corner of his mouth, "This is completely unreasonable, if I don't take advantage of it, I'm afraid I don't deserve to sit in this position." ”
He patted his sofa chair, which symbolized the CEO, took out his mobile phone from his arms, and dialed a number, "Hello, is it Tianyu Fund?" Can you help me pick up your Mr. Bell Stone? ”
“……”
"Sorry for the appointment, but you told him I was Jamie. Dimon, CEO of JP Morgan! yes, I think he'd be more than happy to get the call! (To be continued.) )