After interviews with anonymous peers and financial analysts, the main event is finally about to begin. As the ace host, Jimmy naturally knows how important the voice of the parties is at such a time, and the studio has already connected the phone of the public relations department of North Rock Bank, waiting for him to connect the signal.

Jimmy. Savile has always been known for his spicy comments and merciless sarcasm, and as a BBC ace, he has always laughed and cursed, not caring about the feelings of the interviewees, and interviewees, including some politicians, have a lot of headaches for him. So when the public relations department of Northern Rock Bank received a call from Jimmy's team to visit, most of them had numb scalps and were at a loss, because it would definitely not work if they didn't stand up and speak at this time. But what to say, how to dispel the market's doubts, is not something they can decide.

In an emergency, they urgently consulted the board of directors, and finally Byrne. Sander had come to deal with the phone interview, after all, he knew the inside story and had a knack for dealing with the media, so the daunting task fell to him.

Byrne at this time. Sander sat in the office of the PR department and looked at Jimmy on the wall. Savile spoke eloquently, his heart irritated. He wasn't very worried about the interview, he had already made up his mind. What Byrne is anxious about is that if he can't dispel the market's doubts about Northern Rock Bank, I'm afraid he will really have to change owners.

Although there are frequent job hopping in modern society, Byrne is not such a person, he started as a management trainee and has been immersed in the banking industry for decades, and it is Northern Rock Bank that has given him a platform to show his strength. Let him shine, so he has a deep affection for this place. Although with his position in the market today, finding a home is just a matter of words, but emotionally he still can't accept it.

Now is the time to actively help yourself.

"Mr. Byrne, are you online?"

In a trance, there was a loud inquiry from the phone on the table, and at the same time, there was an echo in the TV on the wall. After taking a deep breath. Then he replied in a deep voice, "I'm sorry, Jimmy." Yes, I'm online, are you okay? My friend. ”

"When did I become your friend?" Jimmy didn't intend to let Byrne go because of his overtures. decisively denied that the two had a personal relationship. Just like that, after a "pleasantry". Immediately shifting the subject to the topic, "Are you okay?" This sentence should be what I asked you. Oh, no. It's not that I'm asking you, it's that I'm asking the Northern Rock Bank where you work. Mr. Byrne, can you answer me, how is North Rock Bank right now? ”

Byrne's heart sank, and he secretly thought that the other party's words were sharp, and sure enough, he cheered up and replied with a smile: "Jimmy, I think you should know what happened." However, I can responsibly tell you that Northern Rock Bank is fine, and we have enough liquidity to handle the withdrawal of customers, so thank you for your kindness. ”

"Enough liquidity?" Obviously, such an argument is not enough to convince Jimmy, nor is it enough to convince anyone who is suspicious of Northern Rock. Jimmy, as the ace host, reacted very quickly, and then followed Byrne's words and asked, "I don't know where all this liquidity comes from?" Is it relief from the Bank of England, or is it the proceeds from the sale of your assets? Oh, I'm sorry, maybe you don't know it, just now, a gentleman broke the news to us that your bank is selling assets around the world, maybe not, but who cares now? ”

"Rumors, this is definitely a rumor!" Byrne naturally didn't think about it, so he categorically vetoed it, although he knew that what the other party said was the truth, "Jimmy, although the Bank of England issued an open letter, it is in terms of our core capital and legal margin shortfall, for ordinary depositors, we have enough capacity and funds to guarantee their withdrawals." By the way, I have to tell you that you probably don't understand the dangers of financial markets. Spreading rumors about us at times like these can definitely make a lot of money in the stock market, if you know what shorting is. ”

His remark is naturally an allusion to Jimmy's ignorance of the rules of the financial market and his treatment of the "wind" released by others as facts, which can be regarded as a counterattack to Jimmy's aggressive questioning.

"Well, Mr. Byrne, we'll believe that what you say is the truth for the time being!" Jimmy's expression was slightly stunned, but he had never seen any scenes, and after spreading his hands and shrugging his shoulders to express his helplessness, he continued to ask with a straight face, "Mr. Byrne, assuming that what you say is the truth, but I can't convince those who are waiting in line to cash in, and you can't guarantee that their property will be saved in the event of an accident." So, instead of discussing these unverifiable words, why do you explain to us why Northern Rock has a liquidity problem, knowing that until then, there was no sign at all. Also, how are you going to deal with this? ”

"The question ......"

Finally getting to the heart of the matter, although Byrne could calmly state the cause of the qiē problem, he hesitated, because at this time he was not sure whether it would be good or bad to say that Northern Rock Bank was deeply involved in home loans, because the whole market was worried about home mortgages. But he also knew very well that this was in the live broadcast, and if he hesitated any longer, he didn't know how many gossips would appear later, so he could only perfunctory it first, "Jimmy, you have made another common-sense mistake." If I can reveal the reason here, I believe that the moment I hang up the phone, the phone that fired me will ring. Although I can't say exactly what the reason is, what I can tell you is that all the senior management of our Northern Rock Bank are dealing with this matter, and there has been a turning point, and I believe that this part of the matter will be completely dealt with in the next few days, and the liquidity problem that plagues us will be solved. ”

……

While Byrne and Jimmy were arguing over the phone, Matt. Ridri is also looking around for connections, hoping that some big man will come forward to vouch for it. But the run has only just begun, and even the one in Downing Street will not take a stand lightly now. However, the intermediary has a word, and as long as they can show enough ability, there will be heavyweights who will stand up and speak for them.

Matt. Ridri is well aware that he has enough ability to withstand the run from ordinary depositors in these few days, otherwise he will not be able to talk about it. These damn politicians don't know what is going on in their own banks, so they definitely don't take a stand at this time, and only after they meet the needs of some depositors for withdrawals will they come forward and win hearts. This is the means of political zhì.

From their point of view. There is nothing wrong with these tactics, but this is the most difficult time for North Rock Bank, and if they can't continue. These politicians immediately turned their faces like flipping through books. Pushing Northern Rock Bank to the brink of bankruptcy.

Just when he was in a hurry. A phone call from the trading department saved him.

"What, five hundred million pounds? Is it borrowed as collateral, not sold? Are you sure? "When I heard the message in the microphone. Matt. Ridri was ecstatic at first, but soon the joy faded away, as he was puzzled by the offer of "£500 million to borrow $12 billion in Greek government bonds for two years." ”

Although as the chairman of the board of directors of a large consortium, he naturally surpasses others in terms of experience and experience, but even so, this price makes Matt. Ridri was shocked. You must know that although these government bonds are difficult to borrow, the price of 300 million pounds is too big, far more than any professional would expect. 500 million pounds translates to more than $600 million, and the cost of two years has reached about 3%, which is definitely more than the interest rate in the market for dollars.

Matt at this time. Ridri didn't have much time to speculate on how the other party knew that he had such a huge Greek national debt, and all he needed at this time was cash, so after thinking about it for a moment, he made up his mind decisively, this deal must be signed.

Soon, the entire bond trading department was in action, and together with the legal department, they drafted the relevant contract text, faxed it to the Hong Kong-based consortium, and half an hour later, the revised version of the contract was transmitted back, and the other party made the appropriate changes in the text.

The Hong Kong-based consortium, registered in the British Virgin Islands, is obviously an offshore financial company, and the specific business and holders are not clear. Matt. Ridri naturally didn't have the time to pay attention to what the other party was doing, and he didn't have time to probe the other party's background, what he needed at the moment was a life-saving straw, and obviously, this was a life-saving straw.

In a suffocating environment, the team at Northern Rock Bank worked at a super-fast speed to build the details of the contract text, all they needed now was time, and after an afternoon of telephone negotiations, they finally reached an agreement with a consortium from Hong Kong in a phone call to pledge a total of $13 billion in Greek government bonds for a total of two years at a price of 550 million pounds. The exchange rate of the British pound against the US dollar is based on the price at the close of the London currency market today.

Late at night, the two sides finally signed the contract agreement, and after waiting for more than half an hour, there was an extra 550 million pounds of remittance in the account of Northern Rock Bank. Subsequently, after being reported to the regulators, these Greek government bonds were also transferred to the account designated by the other party. At this point, the deal is officially closed.

The senior management of Northern Rock Bank, who was holding an emergency board meeting, were all overjoyed when they heard the news. Shortly after the closure of the business, they began to nervously count the cash flow that had been withdrawn that day, only to be surprised to find that in just one day, Northern Rock had lost £700 million in cash, or 2.8% of all depositors' deposits, which was a staggering figure. Now, with a cash replenishment of £550 million, they were able to breathe a sigh of relief as they minimized their cash losses during the day.

Aside from the deal, which was made somehow, Northern Rock got almost nothing for itself. On this very day, the market value of their stock plummeted by 40%, investors lost a lot, and this news exacerbated investors' panic about Northern Rock, so far, the crisis of Northern Rock has not been resolved.

On the 15th, before the opening, Northern Rock Bank announced to the market that it had raised hundreds of millions of pounds of cash flow, but it still did not dispel the market's doubts, and the public continued to line up for a run, and the stock price in the market still fell. However, because of the replenishment of cash flow, the top management of Northern Rock Bank is no longer as panicked as on the first day, on the one hand, they mortgage high-quality assets in the market, on the other hand, they work hard to lobby British dignitaries, and finally on the 17th, they persuaded a heavyweight to come out and stand for them. (To be continued......)

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