章節 741: Chapter 741: Holding a Fatal Card Against Two Banks
After tidying up the room and having a lunch at home, Xia Yu and Elena went to Guangming Fund Company together after a nap.
'Hello, boss!'
Seeing Xia Yu and Elena come together, George Berkeley immediately greeted Xia Yu and then nodded towards Elena.
'George, long time no see, have you been under a lot of pressure recently?'
Xia Yu asked in a casual manner.
George Berkeley laughed and shook his head: 'Not really. With your guidance, you have pointed me in the right direction. The company won't go astray, so it's relatively easy!'
'That's good. When you have time, think about it and summarise!'
'I understand!'
...
After chatting and laughing, the group arrived at the office. After everyone had taken their seats, someone immediately made tea and brewed coffee.
After the subordinate who served them left, Xia Yu took a sip of tea and asked quietly, 'What's the situation with Standard Chartered Bank and Royal Bank of Scotland?'
George Berkeley's face broke into a smile as he said, 'Boss, we've acquired quite a lot of shares in these two banks.'
'We acquired 26% of Standard Chartered Bank's shares, 17% from four small shareholders using shell companies, and the remaining 9% from the stock market.'
'We acquired 22% of Royal Bank of Scotland's shares, 16% from five small shareholders, and the remaining 6% from the stock market.'
'Because we deliberately stretched out the timeline, the share prices of the two banks have not risen much.'
If you do the math, it's been nine months since May last year.
The entire acquisition plan is to complete the full acquisition of the two banks within two years, and the current shareholding ratio is relatively low, which shows that George Berkeley is acting cautiously.
Xia Yu took a sip of tea, exhaled a hot breath, and asked, 'London gold futures, Standard Chartered Bank and Royal Bank of Scotland must have lost a lot, right?'
George Berkeley nodded with a smile, 'They have all lost a lot. Standard Chartered Bank took over our $2 billion contract, and the Royal Bank of Scotland took over $2.2 billion.'
'As for whether they have taken over the futures contracts of other institutions, I haven't found out yet!'
Xia Yu smiled and said, 'It doesn't matter if you haven't found out. Taking over our contracts is enough for them to suffer.'
By the end of this month, in just over ten days, the international gold price will be able to fall below 600 points.
Standard Chartered Bank and Royal Bank of Scotland both took over when the price was above 830 points.
Even if it only falls to 600 points, the drop will be more than 27.7%.
This means that by then, Standard Chartered Bank will have to suffer a loss of at least 550 million US dollars, and Royal Bank of Scotland will have to suffer a loss of more than 600 million US dollars.
This is equivalent to the net profit of each bank for one or two years or even three years.
If this bomb goes off, it will definitely crash the stock prices of the two banks, and if things go badly, Standard Chartered Bank will go bankrupt.
Thinking about bankruptcy, Xia Yu's heart stirred, and he asked George Berkeley with concern, 'George, what are the respective total capital of Standard Chartered Bank and Royal Bank of Scotland?'
Although there is only a single character difference between the bank's capital and total assets, there is a fundamental difference.
Bank capital refers to the capital invested by the owners of the bank, the capital they have invested to make a profit from running the bank, and the monetary capital that has been concentrated in the bank through various channels.
Bank capital is used to cover unexpected losses of the bank.
In order to prevent losses on loans and investments from affecting normal operations, banks must set aside loan loss reserves based on the risk status of loans and investments.
However, loan loss reserves only cover expected operating losses, and loan and investment losses in excess of loan loss reserves must be borne by capital.
If unexpected losses exceed the amount of capital, the bank will be insolvent and will collapse.
The collapse of the Bank of Bahrain, which reverberated around the world in the past, was due to losses exceeding the bank's capital, and it was forced into bankruptcy and liquidation.
In the past, in 1995, the total assets of the Bank of Bahrain exceeded 6 billion pounds, and it controlled 27 billion pounds of assets worldwide. However, due to the reckless actions of a subordinate, the bank lost 600 million pounds in leveraged trading of Nikkei 225 futures contracts, far exceeding the Bank of Bahrain's total capital of 350 million pounds.
As a result, the Bank of Bahrain went bankrupt and was eventually acquired by the Dutch company ING for a token price of 1 pound ten days later.
Therefore, for banks, bank capital is extremely important, and the higher the bank capital, the lower the risk of bankruptcy.
George Berkeley's smile faded, and he said with a grave face, 'Standard Chartered Bank's capital is £250 million, and Royal Bank of Scotland's capital is even higher, at £300 million.'
The current exchange rate of GBP/USD is 1 GBP to 2.29 USD.
Xia Yu's mind quickly calculated as the exchange rate information flashed through his mind.
Converted into pounds, Standard Chartered had lost about £240 million.
Royal Bank of Scotland had lost more than £260 million.
In other words, once the international gold price fell below 600 points, even if Standard Chartered did not take on any more gold futures contracts from other institutions, Standard Chartered would have lost 96% of its capital.
If the international gold price falls by another ten points, to below 590 points, Standard Chartered Bank will lose an additional 10 million pounds, and the bank's capital will be in direct deficit.
Then as soon as it is noticed by the Bank of England, the Bank of England will intervene directly, prohibit Standard Chartered Bank from engaging in trading activities and force it to apply for liquidation.
Judging from the current situation, the Royal Bank of Scotland is in a better position and is unlikely to go bankrupt.
However, Standard Chartered Bank is in great danger!
In fact, Standard Chartered should be grateful now, because the depreciation of the US dollar has caused the British pound to appreciate relatively, rising to 2.29 points.
If it were last year, when the exchange rate of GBP/USD was 1.92, then when the international gold price falls below 600 points, Standard Chartered will be 100% bankrupt, and even the seemingly safe Royal Bank of Scotland will go bankrupt together!
At that time, it will definitely trigger an earthquake in the financial industry of the UK and even Europe.
But even in this situation, I'm sure the management of Standard Chartered Bank and Royal Bank of Scotland are scared, fearing that the international gold price will continue to plummet.
If things go wrong, they will all be blown up.
If you invest correctly, you can make a fortune, but if you fail, you have to bear the consequences.
'If I manipulate it a bit, I might be able to bankrupt Standard Chartered Bank...'
A thought flashed through Xia Yu's mind.
Then his thoughts wandered, and he thought of the previous life case of the Bank of Bahrain being acquired by the Dutch company ING for a symbolic £1. His heart stirred.
Fortunately, reason dispelled his thoughts in time.
If Standard Chartered Bank really went bankrupt, it would not be a good thing for him, because by then it would not be his turn to pick up the pieces.
After all, this was just a sudden investment-related bankruptcy, not a bankruptcy due to management or other factors. As long as capital is injected, the bank can be saved and it will become a high-quality bank again.
But even if Standard Chartered Bank is not made bankrupt, this news will still be a bargaining chip. If used well, it can coerce the senior management and shareholders of Standard Chartered Bank into agreeing to sell their shares to him at a low price, and they absolutely will not dare to make this public.
Otherwise, if things go wrong, Standard Chartered Bank will burst and its share price will hit rock bottom, and they will suffer even greater losses.
'It seems that this time, the advantage is greater, so we can't hastily use a method similar to the one used against Chiba Bank.'
'Not only can't we take the initiative to expose it, we also have to find a way to help Standard Chartered Bank and Royal Bank of Scotland cover it up!
Thinking about this, Xia Yu instructed George Berkeley, 'George, be careful not to leak these two pieces of news. Continue waiting for the price of gold to fall. After it falls to 600 points, contact the shareholders of Standard Chartered Bank and Royal Bank of Scotland and force them to sell their shares to us at a low price.'
'If this succeeds, the two-year plan can be completed ahead of schedule!'
George Berkeley thought the same thing. Although this was very sinister, it was in their best interests. It would save money and make things easier.
In order to avoid a bomb going off, the shareholders of the two banks will sell their shares at a low price with their noses pinched, and they will even take the initiative to help solve the trouble that the government may interfere with.
George Berkeley nodded confidently and promised, 'Boss, don't worry, I know what to do, I will do my best to completely acquire the two banks.'
Xia Yu's mouth slightly raised, slightly nodded and said, 'Well! I'm waiting for good news from you!'
Elena, who had been sitting quietly next to him, couldn't help but feel a little lost as she watched Xia Yu decide the fate of the two banks with just a few gestures.
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