Chapter 373: The King of Wall Street (12)
"Hey, what's going on?"
Boaz was talking to a certain derivatives staff member in the lobby of JP Morgan. Weinstein, suddenly saw Jamie. Dimon led a group of executives to the door, and the group of people in the black pressure was very spectacular, and immediately asked in surprise, "What happened?" Could it be that someone from the SEC is coming? โ
In his impression, apart from the arrival of people from the regulatory side, there seems to be no one who can make Jamie . Dimon welcomed with such a large formation.
"It's Bell Stone!"
The derivatives trader who received him pursed his lips, looked at him disapprerovingly, and replied, "Hey, man, you wouldn't have heard of Bell Stone's name, would you?" โ
"Of course I do!"
Boaz. Weinstein feigned displeasure and complained, "The king of our industry, do you think I'll not know?" Oh yes, what is this guy coming for, isn't it rumored that he is shorting all of Europe? โ
"Who knows?"
The trader looked enviously at the crowded area for a moment, then reluctantly withdrew his gaze and grinned, "If only I could be so beautiful." God, I wonder how that guy's brain is constructed! โ
"yes!"
Boaz. Weinstein chimed in. However, at this moment, he suddenly had a mysterious feeling, and the appearance of this clock stone seemed to be consistent with the purpose of his trip, that is, it was all about the IG9 contract.
But the fact that I could only talk to an unnamed trader in the lobby and who was able to get the CEO of JP Morgan to greet him in person was a world of difference.
But...... If only he were really the crocodile he calculated, he would have a better chance of winning. Boaz. Weinstein shook his head with a wry smile and withdrew his gaze unsatisfactorily.
Here, when Zhongshi had just stepped out of the car door. Jamie. Dimon couldn't wait to step forward and give Zhong Shi a strong hug, while complimenting him incessantly, "My friend, it's a great pleasure to meet you!" โ
To greet Bell Stone, Jamie. Dimon did not hesitate to put on a show of Oriental business, in order to give Zhongshi enough face.
As the most successful hedge fund manager of all time. Bell Stone certainly deserves Jamie. Dimon was treated like this. But the reason why there is such a big formation, Jamie. Naturally, Dimon has another meaning in it, that is, he hopes to use this to bring the two sides closer in order to expand future cooperation.
If nothing else, the annual brokerage commission paid by X-Spatial Fund is absolutely astronomical, plus unsettled positions and so on, these may become an important source of income for JP Morgan.
The most important point is that Jamie. Dimon vaguely knew. Zhong Shi is the soul of the economic war of the United States attacking Europe this time. Although he didn't know much about the specifics, it was said that Washington valued Bell Stone very much, and that was enough.
"What an unexpected surprise!"
Facing Jamie. Zhong Shi was slightly stunned by Damon's enthusiastic gesture, but he naturally wouldn't do anything that was striking, and immediately patted the other party's back gently, and said with the same compliment, "I'm very honored for this." Mr. Dimon. โ
The enthusiastic actions and conversations between the two sides are really like a pair of friends who have not seen each other for many years. There was no indication that they had not met before this, nor had they dealt with each other in any way.
"This way, please!"
After introducing the other entourage one by one, Jamie. Dimon personally led the way and led Zhong Shi to the president's elevator, and as he walked, he did not forget to introduce, "This is where our global headquarters are located. I hope to see you here more in the future, Mr. Chung. โ
The meaning of his flattery is self-evident.
JP Morgan's headquarters is a 52-story skyscraper, and its boxy architecture is not too impressive in the high-rise Manhattan. The building, which was built in 1960, is now 50 years old, but it has undergone a comprehensive renovation since JP Morgan took over, so it looks both from the outside and from the inside. It's all a very modern office building.
Zhong Shi nodded noncommittally and did not answer the other party's words.
He knew exactly what he was here for. Although in the end the two sides did not become enemies, when the whole thing spread out in Jamie. When Dimon was in front of him, he made sure that this guy would never say anything like "welcome to show up here more in the future".
Soon the two sides walked to the top floor in the midst of sightseeing and greetings. Dimon's office, a spacious office overlooking half of Manhattan, is covered with a thick red carpet, the walls are covered with all sorts of strange paintings, and the sunlight shines through the glass curtain wall, illuminating every corner of the room.
"This young lady ......"
After waving off the secretary, Jamie. Dimon was just about to start talking, but soon saw that Ivana, who had been following Zhong Shi, had not left yet, and was looking at the oil paintings on the wall with great interest, he couldn't help but look at Zhong Shi and gestured, "Is this Miss Ivana also involved in the talks?" โ
"No, she's not involved in the talks!"
Zhong Shi waved his hand casually, but then said, "She's related to what we're talking about today, so it's best to have her there, and you'll know what's going on in a moment!" โ
"Okay then!"
Jamie. Dimon glanced at Ivana thoughtfully, then withdrew his gaze and said solemnly, "Mr. Zhong, I don't know what kind of business you plan to discuss with us this time?" โ
Speaking of which, Jamie. Dimon is also very curious, JP Morgan's main business does not have much to do with hedge funds, although after the acquisition of Bear Stearns, its investment banking business has developed rapidly, but it seems that there is no close connection with a giant like Tianyu Fund.
It stands to reason that investment banks are the most closely associated with hedge funds, and companies like Goodman and Stanley should be their favorites. While commercial banks can also act as sources of funds and settlement banks, the relationship between the two is not as intimate as that between investment banks and hedge funds.
"I had a little conflict of interest with your company!"
Zhong Shi said with a smile, his expression was light, as if he was talking about a trivial matter, "In the spirit of the idea that there will be no fundamental contradiction between the two sides. I want to negotiate with you and see how this matter is resolved? โ
Although Zhong Shi said it casually, Jamie. Damon's heart suddenly pinched: what kind of joke, could the deal that allowed Zhong Shi to personally go out could be a so-called skirmish?
"May I ask how big this skirmish really is?"
There was silence for a long time. Jamie. Dimon finally said, "And, what the hell is going on?" Why don't I know anything? โ
"According to preliminary estimates, the funds converted between the two sides are between $10 billion and $15 billion, and of course none of this has yet been determined!"
Zhong Shi's expression still hasn't changed much, and even his tone is still light, "It's an over-the-counter transaction in the derivatives market, a thing called IG9 contract, and your company has manipulated this market." So I came in unceremoniously. โ
"$10 billion to $15 billion?"
This number makes Jamie. Dimon was thrilled to know that although he prides himself on being a financial prodigy, he can only make $6 billion to $8 billion a year after taking the helm of JP Morgan. And now Zhongshi wants to take away JP Morgan's profits for two years at once.
Of course, he was not stupid enough to think that it was his own traders who won such a large amount of money from the Tianyu Fund.
"Wait, what were you talking about?"
After a long pause, Jamie. Dimon reacted. "What IG9 contract?" What manipulates the market? โ
"Looks like you don't know!"
Zhong Shi shook his head helplessly. Patiently explaining, "This is a symbol that is traded in the over-the-counter market. An index CDX is created based on the CDS price, and the IG contract is a contract built on the CDX index. The IG9 contract is the ninth contract. In order to earn the spread between the five-year contract and the ten-year contract, your traders manipulate the market. Unfortunately, as the macro data changes, your profitability gradually deteriorates. Of course. At least so far, your position can be maintained, but this means that the amount of subsequent losses may become even larger. โ
"I remember!"
Until this time, Jamie. It dawned on Dimon to say, "You're talking about the deal that happened in the CIO's office in London, right?" Oh, my God. That's not what they told me! โ
"Things will always change!"
Zhong Shi spread his hands and said helplessly, "Although the market has been manipulated, the situation has changed far beyond the control of traders. Mr. Damon, I suggest you take a look at the deal, as the whole thing is out of your control. โ
"Wait a minute!"
Jamie at this time. Dimon was on pins and needles, and he had long lost the desire to continue talking to Zhong Shi, and after confessing his guilt, he hurried out of the office.
"That's your negotiation strategy?"
Although pretending to be looking at the painting, Ivana always had one ear on the conversation between the two. After Dimon went out, she couldn't help but say to Zhong Shi curiously, "I really don't have any so-called negotiation skills, it's really boring." โ
"If you have enough strength, why do you care about these skills?"
Zhong Shi smiled disappretently, took a sip of the teacup, and then Shi Shiran stilted his legs and said with a big grin, "Those clichรฉd techniques are of no use to me at all. โ
"This bank is said to be called the king of Wall Street?"
Regarding Zhong Shi's boasting, Ivana chose to turn a blind eye and changed the topic at the right time, "I feel very normal, I don't feel anything special at all. I really don't know, why do they call this bank the king of Wall Street? โ
"It's just a little false name!"
Zhong Shi snorted coldly and said disapprehantly, "Their management level is indeed good, and their asset scale is the largest in the entire Wall Street, so they are called the king of Wall Street." Speaking of which, this Jamie. Dimon is a figure who has been able to bring JP Morgan to the top commercial banks over the years, which is definitely not an easy task. It's just that I'm going to make them so late, I'm afraid they won't be able to breathe for years. โ
"What, do you regret it?"
Ivana suddenly became interested, sat down next to Zhong Shi, and asked with interest, "You must be very proud of making such a large amount of money." Why do I feel sorry for you now? โ
"I certainly don't regret it!"
Zhong Shi frowned and said, "Although everyone is playing in the same market, it is normal to win and lose. It's just that after this incident is exposed, I am afraid that I will be wary of the entire American capital. So just in case, I had to find a scapegoat. โ
"What do you mean by that?"
Ivana suddenly became alert, and looked at Zhong Shi with a little unkindness in her eyes, "What? Are you going to throw us out? โ
"You guys?"
Seeing Ivana's reaction, Zhong Shi smiled lightly and mocked the other party mercilessly, "Do you think that if I don't say it, they won't be able to guess why?" His identity has long been revealed, and he still plans to play the set that he wants to cover, do he really plan to play with others like fools? โ
"So what exactly do you want?"
Hearing that the other party didn't hit her head with the idea, Ivana couldn't help but breathe a sigh of relief, but then curiosity surged up again, and she continued to ask, "Who are you going to sacrifice?" (To be continued.) )
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