Shirakawa Kaede chose Hachijo Masaki as the head of Shirakawa Changxin Bank, and he is optimistic about his rich restructuring experience in the banking industry.

When he first took over as president of Citibank's neon branch, he was responsible for a $30 million annual loss in the consumer business.

When he left a few years later, the business was making a profit of $100 million a year.

More importantly, he has experienced first-hand the history of Citibank's successful escape from huge bad debts and near collapse through a series of powerful restructuring measures.

Because of this experience, he was able to make firm and bold decisions at critical moments.

That's why Shirakawa Kaede is now inviting him to be the president of Shirakawa Changxin Bank, how similar the former Citi is to the current Changyin.

In the face of Shirakawa Kaede's inquiry about the future plan for Shirakawa Changxin Bank, Hachijo was not ambiguous, and it was a drastic reform.

"First of all, it is clear that Shirakawa Changxin Bank is based on commercial banking, and consumer retail banking is our focus in the future.

Relying on corporate investment bank loans alone cannot support a large international bank.

It just so happened that the former Beidu Bank had a lot of experience in consumer business, so I was going to set up a new sales force and recruit a large number of women to participate. ”

Although Hachijo is an internationalist, he knows that women control many financial decisions in this country.

From their point of view, there will be unexpected gains in carrying out bank sales business.

Regarding his unconventional approach, Bai Chuanfeng didn't say a word, and nodded directly in agreement.

Don't use suspicious people, don't suspect people.

Since Shirakawa Nagashin was handed over to him, then he should be given room to make the most of it.

Seeing that the big boss agreed to his policy, Bacheng became more confident.

"In addition, the contemptible people plan to directly abolish the enterprise planning department, and abolish the original annual merit system of Changyin and replace it with a capacity system."

As soon as this sentence came out, Onoki and Hirao had a sense of panic.

It is better to abolish the enterprise planning department and abolish the annual merit system

Neon traditional enterprises have two major characteristics, lifelong employment system and annual merit system.

Although they have certain flaws, they have also made many companies continue for hundreds of years.

Now that one of them has been directly abolished, it is still in a bank like Changyin, which originally had a state-owned background, so what will Changyin's former colleagues think.

However, without waiting for Onoki and them to think about it, Shirakawa Kaede had already nodded in agreement without hesitation.

"Yes, the neon economy is already undergoing earth-shaking changes, and companies that can't keep up with the changes will eventually be eliminated.

If the internal employees who have opinions do not need to be persuaded, tell them directly, Shirakawa Changxin Bank survival of the fittest. ”

Bai Chuanfeng immediately expressed his support for the approach of Eight Cities, did he really think that he wanted all those old antiques of Changyin?

If it weren't for the pressure from the Ministry of Finance, he would have laid off at least half of the original Changyin.

Many people don't have much ability because of the seniority system, but their salaries have accumulated to an astonishing level.

Now that there are eight cities to take the lead, it is just right that those who are incapable should go and retire, so that they can save a lot of personnel expenses.

With Shirakawa Kaede's support, Hachijo's waist pole straightened up a little more.

In addition, I would like to suggest that if you want Shirakawa Bank to grow into a qualified international bank.

Then the hiring of foreign experts is also indispensable, Neon's current banking system is too rigid, and change is imminent. ”

Everyone has no opinion on this point, and as insiders, they know better than anyone else about the corruption of the neon banking industry.

"There is also the transformation of the information system, which also needs to be carried out immediately."

It is hard to imagine that as a well-known large bank, Changyin originally relied on manual execution of many processes.

Computers are not being put where they should be, and disks are still being used in large areas.

Please, optical discs, hard disks, and SSDs have been widely popularized, and megabytes of disks are long overdue.

"SSM can support the transformation of informatization, and you can contact them directly if you have any needs."

As a professional software company under Shirakawa Holdings, SSM has experience in customizing systems for many companies.

For Shirakawa Kaede's suggestion, Hachijo certainly has no opinion.

You can save a lot of money by using your own family, and now is the time for Shirakawa Nagashin Bank to tighten its belt, and you can save a little bit.

"We also need to make certain changes to our lending model." Finally, Hachijo mentioned the bank's fundamental business.

"Tell me in detail," Shirakawa Kaede motioned to him, speaking freely.

"The first is that new risk standards must be established and existing lenders must be re-evaluated.

When a loan does not meet the new criteria, customers have three options.

1. Repay the loan.

2. Pay a higher interest rate.

3. Provide better collateral.

If refused, the loan will be revoked or returned to the government.

To sum it up in one sentence, aim the muzzle of a gun at the head of a weakened customer. ”

Tsk, this trick is ruthless enough!

But Shirakawa Kaede likes it~

"Draw up new risk control standards as soon as possible, and then implement them according to this model."

The first thing that Shirakawa Kaede has to deal with is the 1.6 trillion non-performing assets, and those real estate developers are better off going bankrupt than letting them survive.

If they go bankrupt, the real estate in their name will be owned by Shirakawa Nagashin Bank.

Even Shirakawa Nagashin Bank now has a lot of real estate in its name, and there are as many as 16 commercial buildings alone.

Toranomon Building and Shiba Park Building all belong to it. There are also apartments and land in Nogan, which are also considered to be a kind of assets.

Shirakawa Kaede's initial plan was to entrust them to Shirakawa Real Estate Management.

If you want to rent out, you can sell what you should sell, and if you can't do it, you can build your own apartment and keep it for rent.

In the future, Tokyo's population will increase, and there will be no worries about renters.

It is initially estimated that the rental income from these properties will definitely be higher than the interest on the loan.

In this case, they cannot be regarded as non-performing assets, but turned waste into treasure.

The merger of Changyin and Beidu Bank can be regarded as complementing each other in business.

One is good at business lending, and the other is good at consumers.

The combination of the two is expected to be on track in two years and profitable in three years.

Losses should be inevitable in the past few years, after all, the overall financial environment of Neon is now in the midst of a cold wave.

Less than half a year after Changyin was merged and Shirakawa Changxin Bank was newly established, another neon bank disappeared.

This time it was really bankrupt, not merged.

First of all, the Bank of Hyogo, the Bank of Hanwa, and the Tokuyo City Bank, these are small local banks.

Because of their limited size, their ability to resist risks is much worse than that of large banks.

So they were the first to fall, and then the securities companies also began to go bankrupt.

The successive failures of these small banks and bond companies are like a fuse, causing the situation of the neon financial industry to collapse rapidly.

In particular, in '94, Tokyo Kyowa Credit Union and Security Credit Union.

They went bankrupt as they faced an unrecoverable situation after making an excess loan to the EIE Group.

Regarding the handling of the problems of these two credit unions, Yasusu Mieno, the president of the Bank of Japan at the time, issued a declaration.

"It's not the central bank's job to bail out all financial institutions that are on the verge of bankruptcy."

As a result, the two credit unions went into bankruptcy.

And Takahashi Harutori, who used his authority to embezzle the funds of two credit unions without authorization, was also arrested by the Metropolitan Police Department and sent to step on a sewing machine.

With the bankruptcy and collapse of these small and medium-sized financial institutions, the financial winter has officially arrived.

In response to the increasing number of small and medium-sized banks going bankrupt, the Ministry of Finance has simply become a "liquidation bank" for the purpose of protecting depositors.

During this period, the Banking Bureau of the Ministry of Finance also privately tried a number of large banks.

Ask them if they would be willing to contribute if they were to set up a receiving bank to deal with the problematic bank.

But the big banks are very indifferent, they have a bunch of problems, how can they have the time to fund these small banks?

Even Shirakawa Bank was asked by the Ministry of Finance, but Changyin hadn't digested it yet, so how could Shirakawa Kaede have the energy to toss others.

Besides, these small banks, they have all evaluated them in the eight cities, and there is nothing worth selling.

This wave of small bank failures, after Shirakawa Changxin Bank's internal assessment, is likely to continue for two years.

Two years later, there will be a second wave, and then it may be the big banks that will be out of luck.

Seeing that the situation is not good, Congress has no choice but to be ready to throw money again after the last allocation of 12 trillion yuan in special relief funds.

Because the situation is getting worse and worse, the 50 trillion bad debts previously assessed have become history, and this number will be doubled if it is not done well.

The catastrophic consequences of the financial tsunami are still raging, and the ordinary people of Neon are increasingly feeling the chill.

As the time entered 94, suddenly a large number of enterprises began to lay off employees.

In recent years, not only the financial industry has been in chaos, but other industries have gradually entered the point of depression.

In '90, corporate sales were 1,428 trillion yen, and this year the figure is 1,485.

In other words, in the past four or five years, Neon's economy has basically come to a standstill.

No, regression to be exact.

Because with the appreciation of the yen, the profit of companies in 90 years was 50 trillion yuan, but this year it has become 35 trillion yuan.

Operating profit has plummeted by 30%, and the situation is even worsening, so major companies are cutting costs in the sense of the cold winter.

So not to mention the bonuses that were paid several times a year in the past, now the subsidies are pitiful.

What's more, many people can't even keep their jobs, and the scene of giving away hundreds of thousands of yen in order to rob college students is gone.

After suffering a series of blows such as salary cuts, welfare cuts, layoffs, and inability to find jobs, people suddenly woke up, and it seemed that the golden age was over~

Not only is the golden age of ordinary people over, but what about businesses?

The DRAM chip business, which once made the entire neon company proud, now has a market share of just over 40% for neon companies.

Compared with more than 80% at the peak, the situation continues to deteriorate.

However, the irony is that the old rice that sanctioned it did not get up its own share, but the stick with no sense of existence quietly won nearly 30% of the share.

However, the depression has just begun, and the lost Heisei era can only be staged.

(End of chapter)