Chapter 1580: Banking Crisis
It may be that there is too little time together, and Joga doesn't like Isabel well......
Compared with Igor, who is annoying, the lively Isabel is much cuter.
This two-year-old girl has never left her father's sight since she got together with her father.
Taking the little girl to feel the captain's feelings, Joga carried her and turned to the rest area at the back of the yacht, put a duck swimming ring on her, and let her play in the pool.
Albert II came to Boss Joe's side with two glasses of champagne, looked at Isabel who was fluttering and was very happy, and said with a smile: "Very cute child, Briella was so lively when she was a child......"
Joga took a glass of champagne, frowned and looked at Albert II, who was deliberately looking for a topic, and said: "If you have something, just say it happily, I don't guarantee that you can help......"
In the face of Choga's somewhat bad attitude, Albert II was not angry, he raised his glass and touched Choga, and said: "The recent depreciation of the euro has caused some problems in banks in the European region.
We are still within the limits of our losses......"
Qiao Jia sneered and said: "Banks that operate in mixed businesses should not end well in the face of financial crises.
What exactly are you trying to say? ”
Albert II lamented and said: "There has been some negative news from Credit Suisse and UBS recently, and many of the big clients of the Monegasque investment bank are moving money to the United States, and we have some insufficient reserves, and I am a little worried......
I know you've got some big business with Uke L, and if it's possible, I can take on a portion of the deposit here......"
Joga glared at Albert II and said, "That's money laundering, it's a crime!" ”
Saying that, Qiao Jia patted his head and said, "What am I talking to you about this guy who runs a casino?" ”
Albert II was not angry at the sarcasm, and after a moment of silence, he said: "I need money, France has been in serious internal struggle in the last year, and the turmoil caused by the economic downturn and the immigration problem is expanding.
I know you have a lot of money in your hands, and I want you to put that money in Monaco. ”
Joga looked at Albert incredulously and said, "You want to borrow money from me and go to France......
You're in a bad head, why do you think that the economic situation in France is now in the end?
I can tell you responsibly, it's still early! ”
Albert II shook his head decisively and said: "No, I mean, I need to increase my resilience, I need enough cash reserves!" ”
Hearing this, Qiao Jia frowned and said, "Is the situation so bad? ”
Albert II nodded a little heavily, and said: "It must be worse than you think, not only France, but in fact the whole of Europe is very dangerous.
The depreciation of the currency did not bring enough foreign trade orders, but caused serious social problems because of inflation.
You should have paid attention to the recent riots in France, which are expected to become the norm in Europe......
I have to be responsible to the people of Monaco! ”
Qiao Jia looked at Albert II with a ghost look of worrying about the country and the people, he squinted his eyes and thought for a while, and said: "As soon as you open a casino, don't look like a ghost who worries about the country and the people."
If you say that your cash flow is insufficient, it must be that there is a very large funding gap......
I have not heard of any negative news about the Bank of Monaco, and the fact that customer money has fled to the United States is not fleeing your bank......
Tell me, you need a lot of money, is there any good business to do? ”
Saying that, Qiao Jia thought for a while and said: "You just mentioned Credit Suisse and UBS, well, is there something wrong with these two and they want to sell assets to raise funds to save themselves?" ”
Albert II was stunned for a moment, then said helplessly: "This is a secret, you can't talk nonsense everywhere, I will definitely not admit it." ”
When Qiao Jia heard this, he said in amazement: "The Swiss bank actually has a problem, and the outside world has not received any news."
Is it their internal problem, or is it an external influence?
FUCK, the Shah is said to have just invested $1.5 billion and got a 10% stake in Credit Suisse, with Qatar being the second largest shareholder, with a 5% stake.
Is this a fucking pig-killing plate? ”
Albert II nodded slightly and said: "Credit Suisse lost 5 billion Swiss francs in Bill Wong's company last year, and the Shah's people should have audited Credit Suisse's accounts, but they didn't find any problems......
This may indeed be a bureau, but it should not be purely for the billions of dollars.
Because these equity investments are not significant, the real trouble is that Credit Suisse has issued more than 18 billion euros of bank bonds.
Now this part of the bond cannot be paid, which will cause very serious problems.
The introduction of the Shah is the money, and it may be Credit Suisse's only chance to save itself.
Credit Suisse's investment losses in the past few years have been very serious, and this year's depreciation of the euro has exacerbated the losses, and if he can use his equity to persuade Shah to invest money, he estimates that he can still save it. ”
Qiao Jia nodded slightly after listening, a century-old giant like Credit Suisse sounds awesome, but in fact, the market value is far from as high as the outside world thinks......
They just have a lot of money in their hands, but those are 'debts', and once their profitability declines, those 'debts' will run on them, which is why many European and American banks will have financial costs......
They have to create a thriving appearance in order to keep their clients' money, and sometimes they even offer incredible conditions and make investments that seem unusually aggressive.
The banking industry in Europe and the United States will be particularly vulnerable when encountering systemic risks.
That's why one of the most important departments of European and American banks is the 'risk management department'.
Without the management of top risk controllers, banks with mixed operations will make a lot of money when the economy is good, but the crisis caused by the high risk of this model will erupt when the economy is bad.
Looking at Albert II's expectant look, Choga frowned and said, "What do you want from Credit Suisse?" ”
Albert II shrugged his shoulders and said: "Of course it's a creditor's right?"
In particular, some claims from Afica that have national credit endorsements.
In order to save itself, Credit Suisse will transfer these claims at a very low price, and as long as you get it, you will earn it. ”
Joga listened and fully understood that Albert II wanted to take advantage of Credit Suisse's lack of money to snap up the 'assets' in their hands at a low price.
Looking at Albert II's happy face, Qiao Jia shook his head and said: "Credit Suisse's biggest investment is U.S. bonds, what price did they offer you?"
If it's cheap, I can invest you a portion of ......"
Albert II was stunned for a moment, and said, "Sure enough, I can't hide anything from you......
It's big business, and I'll get back to you when my advisor gets me an accurate answer. ”
After Albert II was pointed out as a core profit point, his posture was different......
Because he held the channel in his hand, he asked Qiaojia for financing before, although the interest rate may be very high, but it is definitely not as high as the income obtained from taking U.S. bonds from Credit Suisse.
The high yield is clear, and the result is that he wants to give Qiao Jia more profits, then it is not 8~10 points of interest a year, and he can't borrow this money without half of the income.
This is the standard business is the business, and the use of information advantages to strive for higher profits is simply understandable in the eyes of many people.
Joga looked at Albert II, who was a standard merchant, with disgust, and said, "Don't contact me, just contact Gami......"
When Albert II heard this, he lamented and said, "Can you not let that madwoman intervene?" ”
Joga looked at Albert II with a frown and said, "Gami just completed a super deal, and I'm sure you're also the beneficiary......
Don't tell me you don't trust her! ”
Albert II said aggrievedly: "We did make money on cryptocurrency, but it was all given to Charlene......
Jackal, you give me a review, and I also paid for it, why did all the money I earned end up in Charlene's account? ”
After hearing this, Qiao Jia laughed and said, "What's wrong with making money and letting my wife take care of it?" If you are short of money, you can ask Charlene, there is no shame......"
When Albert II heard this, he said in disappointment: "No, how can I ask Charlene for money?"
It's my last dignity! ”
Saying that, Albert II lifted his spirits and said: "But this time is different, I am the financier......
Man, help me, you have to make sure that Gami doesn't transfer Charlene's money over to invest......
I'm a man, and I can't be compared to my wife in the matter of making money! ”
Joga was amused by the guy's cautious thoughts, and he waved his hand and said, "You have to talk to Garmi and Charlene yourself......
Hurry up and get ready, we'll have to leave early tomorrow morning.
If you don't want Charlene to fly to England with me, then you have to behave better. ”
When Albert II heard this, he said indifferently: "Or I will go with you......
The British side issued an announcement that they wanted most of the heads of state to fly to London on civilian planes, because the airports there could not cope with it. ”
Saying that, Albert II was stunned, he looked at Choga and said, "Why can your special plane fly directly over?" ”
Qiao Jia spread his hands and said, "Dude, you have to figure out who is standing in front of you......"
(End of chapter)