Chapter 110: An Ruo Taishan
"There's no hope in sight!"
Klein let out a roar of pain and collapsed on the trading floor, the surrounding staff looked at Klein sympathetically, but now everyone is having a hard time, so no one comes forward to say a word of comfort, this kind of thing is commonplace.
Klein sent out a soul torture question, "Who can come to our rescue now?" ”
The answer is no, the stock market is inherently a high-risk gamble, and the risk is naturally borne by the shareholders themselves, and from the day the exchange was established, the responsibility has been pushed away, just like smoking printed on tobacco packages is harmful to health.
Of course, the collapse of the stock market will also have an important and huge negative impact on the economy of Austria-Hungary, and the government's positive actions can still reduce some losses.
If it is Germany, a country with a very strong executive government, it is possible that Austria-Hungary will not think about it, in terms of economic policy, Austria-Hungary's financial situation has been unstable, and its economy has also had imbalances and protectionist tendencies, typical of Austria and Hungary.
Now Austria's real big capitalists are trying to turn the crisis on, and next door Hungary is also one of their targets. The same great Hungarian aristocracy wants to sell the grain as soon as possible, you want to dump industrial products on me, and I want to dump agricultural products on you! Both sides have raised tariffs.
As for the central government, it can only stare dryly, and even the usual finances are in difficulty, and it is impossible to have money to bail out the market, and now the banks themselves are unable to protect themselves, and there is no place to borrow money.
At the same time, the Vienna branch of the Heshingen Bank.
"President Nakins, the only one who can afford to come up with excess funds in this economic crisis is your bank, you can't die without help!"
"Mr. Cyrus, I'm really sorry, but the whole Vienna banking industry is in a state of turmoil right now, and we're just barely trying to maintain operations and keep depositors' accounts safe, so there's nothing we can do at this time."
"President Nakins, we are also old friends, my company just has a small problem in the capital chain, and it doesn't need much, as long as 350,000 dong can survive the crisis."
"Three hundred and fifty thousand dong is not a small amount, it is not something I can transfer casually, Mr. Cyrus, if you listen to my advice, it is better to sell all the factories in your hands at a low price!" The business you do is highly bound to the railway industry, according to the current market situation, you will lose a lot of money more if you put it in your hands for a day, and you don't have to think about the order, it is estimated that your customers will not even be able to take out liquidated damages. ”
"Alas, I actually want to sell too, but now I can't sell it at all, and no one will take over."
"Then there is no way, it is better to declare bankruptcy directly than to hold on, and employees will make trouble if they can't receive their wages."
Sellers is also a capable person, and in the midst of the ups and downs, he can still see at a glance that the Hexingen Bank is running well.
In fact, this is not a difficult matter, as long as you inquire in many ways, you can still find the signs, other banks are laying off employees, or rotten, only Heixingen Bank is sitting on the side and watching the situation.
The business staff of Heixingen Bank did not show any waves at all, and stood alone in a group of peers, which shows that Heixingen Bank has no fear, and what can give them this confidence can only be abundant funds and healthy business conditions.
Of course, the fact that Heixingen Bank can be so chic is completely due to the previous efforts, and if the time goes back to a few months ago, it will be reversed.
At that time, Hexingen Bank carefully sorted out its own problems and emptied all possible risks in a timely manner, after all, Hexingen Bank can only be regarded as a novice among European banks, and there are many inexperienced places.
Heixingen Bank reorganized itself, streamlined its personnel and institutions, lowered the interest on deposits, raised the threshold for loan applications, and sold non-performing assets, which caused a storm at that time.
Sellers is one of many clients who turn to other banks and financial institutions, only to regret it when the economic crisis hits.
So Naggins was indifferent to Sellers' request, and of course, even without it, Naggins wouldn't have had any friendship.
"Alright, Mr. Cyrus, it's better to ask for others than for yourself, and you should ask for more blessings for yourself!"
Sellers also wants to fight for it: "......"
However, Naggins said directly to the assistant: "Andy, send off." ”
After Sellers was asked to leave, Andy said: "Governor, due to the crisis, our bank's business does not seem to be doing well recently, and I don't know how long this crisis will last. ”
Naggins said: "Hehe, don't worry, the market is just winter, is it because of the snow in winter, people don't go out!" The economy will still work, but it is not as hot as before, we just have to do our own thing, and we have accumulated enough credit in this crisis, and it is obvious who customers choose next time, maybe because competitors have been eliminated, our business will be better in the future. ”
"By the way, President, there is also a telegram from the headquarters that has just arrived, and the headquarters has asked all branches to continue to reduce the deposit interest rate by one or two percent."
Naggins leisurely drank his coffee and said, "Then let's announce it tomorrow morning!" Now that other banks and companies are in a thunderstorm, there is really no need to continue to maintain such high interest rates. ”
As a matter of fact, after the last adjustment, the deposit interest rate of the Heixingen Bank was originally maintained at a fairly low level, and it continued to be lowered by 1 percent, and basically depositors relied on deposits to obtain negligible interest.
After all, customers are lost, businesses go bankrupt, and workers lose their jobs...... A series of chain reactions, resulting in the banking industry is not making much money now, or even losing money, and the reduction of profits to depositors is also a normal operation, although the interest is reduced, it is much better than losing all the money, and there is interest to steal the fun.
In the evening.
As soon as Wiggins got off work and walked out of the bank, he saw the clerk of his old rival, Cruise Bank, arguing with depositors with a sad face.
Wiggins leaned in and listened carefully to what the crowd was saying:
"Don't worry, everyone, it's time to get off work, and we're closing!"
"Bastard, we haven't taken out our money yet, and you're just thinking about getting off work, isn't this taking everyone for a fool?"
"That is, if you don't cash out the money today, we won't let you go."
"I heard that the railway company went bankrupt, resulting in your inability to collect your accounts, and the capital chain has been broken, and you still want to fool everyone into going bankrupt with you?"
"Pay us back!"
"Refund the money!"
……
Looking at this lively scene, Naggins sighed, "What an eventful time! ”
Heixingen Bank is a stable victory, but because of the economic winter, everyone's enthusiasm for saving money has also decreased, Heixingen Bank has also been affected, many depositors have taken out the money, but there is no impact on the Heixingen Bank after slimming, a few months ago Heixingen Bank suffered once, at that time the economy was still very hot, there were a lot of takers, and actually made a lot, now the depositors of Heixingen Bank, dragged down by the entire industry and reduced, this situation is only temporary, and after a while, You will find out who is the real winner in the crisis.
(End of chapter)