The announcement that Changyin would be merged into the Hokuto Bank and renamed Shirakawa Choshin Bank caused a major earthquake in the banking industry.

Although Changyin was deeply involved in various scandals of non-performing assets and insider trading, its stock price once fell to less than 100 yen.

But what was once one of the three major banks, the neon government's financial instruments, has now been reduced to being merged by a metropolitan bank.

This sudden change deeply shocked many people in the banking industry, and it turned out that neon banks could also fail.

Don't look at Shirakawa Changxin Bank, with the word "Changxin", but anyone with a discerning eye knows what's going on.

In particular, the word "Shirakawa" has made the background of this new bank clear.

Merger of a former special bank and a chaebol bank? Countless banks that have been caught up in the storm of bad debts have begun to move.

I have to say that the cooperation between the Ministry of Finance and the Northern Metropolis Bank is really a good start.

Since your Ministry of Finance doesn't allow banks to go bankrupt, but mergers are always possible, right? After all, you did it yourself.

But when it comes to merger, everyone knows what is inside.

How hard it is to go bankrupt, it's just a strategic cooperation.

The outside world is about to move, and Shirakawa Kaede can't control it.

At this time, he was busy with Arai Yu and them carefully taking stock of Changyin's inheritance, and swallowed a big one in one gulp, of course, he had to digest it well.

As a new company, Shirakawa Changxin Bank has not only changed its name, but its management has also undergone a drastic change.

First of all, Hiroshi Arai, the former head of Hokuto Bank, has been promoted to the chairman of Shirakawa Nagashin Bank.

In the organizational structure of Neon Corporation, the chairman is generally the position held by the president after he retires.

At the same time, the chairman is also one of the members of the board of directors, and they generally do not participate in the management of the club, and only take a stand on major decisions.

Arai Yu is in his seventies, and his energy and physical strength are not as good as before.

At this time, it is obviously difficult for a strong man to hand over the complicated Shirakawa Nagashin Bank to him.

So after Shirakawa Kaede thought about it, plus he himself had a request to retire, so the position of chairman was handed over to him.

He doesn't have to be personally involved in the day-to-day management, but he can occasionally take care of the bank, this position is just right for him.

Arai Yu retreated to the second line, so the head of the bank could only hand over the position to Hachijo Masaji.

This was one of the promises that Shirakawa Kaede had poached him from Citibank, and at the same time, he was the only one who was more suitable for the position of Shirakawa Changxin Bank.

As an "internationalist", Bacheng Zhengji has rich experience in the management of multinational enterprises.

The direction of Shirakawa Changxin Bank's future reform is to be in line with international standards, and then get rid of the rigid neon traditional banking system.

So after thinking about it, it is still the most suitable for Hachijo Masaji, as for Tian Yuan, his original field is in the securities industry, and here Shirakawa Kaede has left him the position of vice president.

The bond financial problems originally left by Changyin will be handed over to him, and he will be regarded as the sole power.

However, when it comes to the "international faction", there are actually two other people here, that is, Katsunobu Ohnoki, the former vice president of Changyin, and Koji Hirao.

All of them have been trained in foreign financial expertise, and while they are proficient in English, they also have a very good understanding of foreign capital operations.

Prior to the merger, Onoki was in charge of the "Investment Banking Group" and Hirao was responsible for developing the international capital markets of Changyin in New York.

In the 70s, Changyin also thought about transformation, and the original plan was to switch from a special bank to an investment bank.

This initiative is the goal that Onoki proposed, so he has been in charge of this part of the business as well.

But in the 80s, the drunken gold of the bubble confused Changyin's heart, and since then it has never returned on the road of speculative banking.

Although Changyin has fallen now, there are also many talents within it.

For example, Onoki and Hirao, who were sitting on the side of the conference room, were invited by Shirakawa Kaede to continue to work at Shirakawa Nagashin Bank.

However, as a "demoted general", there is no need to think about the head of the bank, it is to keep a hero of his own side.

But like Tabuchi, the position of vice president of Shirakawa Choshin Bank is more than enough in terms of their talent.

Don't look at the vice presidents, the vice presidents of Changyin are not much different from the vice presidents of Shirakawa Changxin Bank.

The latter is the product of the merger of the two parties, and both the scale and the health of the assets are much higher than the original Changyin.

Therefore, Shirakawa Kaede, who was sitting at the top, glanced at it, and the expressions on everyone's faces were very satisfied.

Obviously, each of them is privately satisfied with such an arrangement.

"Well, we have completed the division of the non-performing assets of the former Changyin with the government recycling agency.

Now, Hachijo-san, please tell us more about the remaining assets of Changyin. ”

"Hai" Hachijo Masaki stood up and saluted with a red face.

"After a round of asset splitting and settling accounts, the original Changyin loan of 26.6 trillion yuan is now about 11.3 trillion yen.

Among them, 1.6 trillion yuan is assessed as non-performing assets, and their loan mortgages are basically real estate clubs. ”

Bai Chuanfeng looked at the information in his hand and nodded slightly, now he is on the list of the top ten borrowers of the original Changyin, and there has been a big change from last time.

Among them, financial companies have largely disappeared, and real estate and manufacturing have taken over.

The real estate company at least has land as collateral, what does the financial company have? Those stocks and bonds?

If you don't look at the half-dead appearance of the neon stock market now, how can it still be profitable?

So when selecting and dividing non-performing assets, the first thing Shirakawa Kaede wanted to kick out was them.

"In addition to the 1.6 trillion yuan of non-performing assets, the remaining 9.7 trillion loans are basically scattered among large and small corporate clubs.

Among them, the physical manufacturing industry accounts for the majority, with a total of more than 7,000 enterprises.

Kawasaki Steel, TEPCO, Nissan, Toyota, etc., are our main customers. ”

Hearing this, Bai Chuanfeng's eyes lit up, and after stripping off the bad assets, Changyin is still very attractive~

As we all know, the loan business of the physical manufacturing industry is the most stable.

In other words, the risk is low, although the cycle is relatively long, but it is better to be stable.

Compared with the financial industry, the probability of bankruptcy in the brick-and-mortar manufacturing industry is much lower than theirs.

Of course, with the advent of the Great Depression, among the 9.7 trillion lenders, there will definitely be enterprises that go bankrupt.

However, compared to the high risks of finance and real estate, they are worth the risk of Shirakawa Feng and swallowing all Changyin.

Besides, even if a few of them eventually went bankrupt and collapsed, causing Shirakawa Nagashin Bank to lose money.

The interest paid by other lenders alone is enough to settle this part of the account, and more than 7,000 companies will not go bankrupt.

If that's the case, Neon is really finished.

So as long as you don't lose money in the end, then you will make money by winning Changyin.

After all, it only cost $2 billion to get a complete international bank for nothing, and it was bloody.

Now that Changyin's assets are almost understood, it's time to talk about what to do with them.

"Changyin originally issued bonds to obtain financing, when will these bonds mature?"

"Less than 20% of one-year bonds are for individuals, which we can handle ourselves.

Most of the five-year bonds are concentrated in the stage of 94~96, and with our financial situation, there should be no problem. ”

After listening to Hachijo's report, Shirakawa Kaede nodded and relieved his heart.

Of the total loans of 11.3 trillion yuan, the principal belonging to Changyin itself is very small, less than 700 billion.

The rest is raised through the issuance of bonds, and the borrowed money is to be repaid to others with interest.

However, more than 7,000 companies are paying a part of the principal and interest every month, and with the strong financial resources of Beidu Bank, it should not be a big problem for Shirakawa Changxin Bank to get through this bond rebate period.

"Now that we are a new bank, we don't need to use Changyin's financing model anymore.

In the future, 20% of Shirakawa Nagashin's financing will depend on the issuance of bonds, and the remaining 80% will be provided by depositors and the stock market. ”

"Hai" is not surprised by this Hachijo Masaki.

As a commercial bank, the stock market and depositors' deposits are the main sources of lending funds.

Shirakawa Changxin Bank will also be listed in the future, which is one of the conditions for the acquisition of Changyin to the Ministry of Finance, in order to facilitate supervision.

After all, a giant bank can only be reassuring if it is put in plain sight.

"The future bond issuance business of Shirakawa Changxin Bank will be troublesome to Tian Yuan-san."

This is his old job, and Tian Yuan himself should get up and take the order.

"The loans of more than 7,000 enterprises are essentially a bit of an investment bank.

So considering the familiarity with the business, Onogi-san your investment banking group continues to be retained.

In the future, on the basis of maintaining business, we can also appropriately develop new customers. ”

"Hay!" Onoki didn't expect that he would change owners and continue to take on important responsibilities.

Therefore, with gratitude, his salute became much more formal.

"As for Hirao-san" Shirakawa Kaede looked at Hirao Koji with a worried face and smiled.

"You can't stop doing business halfway, you need to be in charge of it yourself.

Of course, there are many outstanding juniors in the bank who lack the opportunity to exercise, and they will have to trouble Hirao-san to take care of one or two when the time comes. ”

"No problem, President Shirakawa, please leave it to me."

It seems that Shirakawa Nagashin Bank has the idea of increasing international investment in the future, so Hirao Koji is not dissatisfied with such an arrangement.

In the future, the key departments will also arrange for the younger generations to experience, and the core position will not run away in the future.

The reason why Shirakawa Kaede arranged for Hirao to go to Beimi was that the other party was familiar with this part of the business.

In addition, throwing Daimaru and Oda there to exercise is also one of the purposes, and the place to play the major of finance has to be Wall Street.

Shirakawa Kaede's move is already cultivating the successor of Shirakawa Changxin Bank in the future.

After arranging the vice presidents below, Shirakawa Kaede once again set his sights on Hachijo Masaki.

"Bacheng-san, let's talk about it. This section briefly introduces the future business direction and goals of Shirakawa Changxin Bank, as well as short-term and long-term measures. ”

"Hai" Hachijo Masaki got up and took out the materials that had been prepared for a long time.

(End of chapter)