Chapter 1024 Where does Morgan Grenfell go?
In order to solve the thorny issue of economic stagflation, which has tied up monetary policy and fiscal policy, Margaret Thatcher in the UK and Ronald Reagan in the United States came to power successively and vigorously promoted the new free market, which invisibly gave rise to the City of London and Wall Street.
The financial elites have opened the door to convenience.
There are countless tricks here. It is not unusual for Guinness to manipulate the stock price in order to acquire Destillo. It is inevitably meaningful when it was finally exposed.
To put it bluntly, justice does not come from heaven just for just anyone who speaks out that he or she has been unfairly treated. It often still depends on whether the interests of people who should not be cheated are harmed.
Take the Guinness trading fraud as an example. This case was not discovered directly, but the carrot was pulled out of the mud and exposed.
There is a well-known stock trader on Wall Street named Ivan Boesky. He made a fortune through arbitrage by betting on company acquisitions. I don’t know if it was because of the uneven distribution of the spoils that a group of partners misled him with information.
The lawsuit went to the U.S. Securities and Exchange Commission.
In the circle, the U.S. Securities and Exchange Commission is like a father. Like Jobs, who claims to be anti-mainstream and fearless in everything, he does not dare to show his personality when faced with the U.S. Securities and Exchange Commission's investigation into the backfilling of Apple's stock option dates.
.What’s more, Ivan Boesky also has various relationships with Michael Milken, the king of shit-covered junk bonds. How can he withstand investigation?
Ivan Boesky quickly knelt on the ground, shouted for his father to spare his life, accepted a fine of 100 million U.S. dollars, and was willing to become a tainted witness in exchange for a reduced sentence. As a result, the Guinness trading fraud came to light.
Of course, the British side has long known about the rebirth of chaos in the City of London. As early as 1983, it established a major fraud investigation committee, and then in 1986, when the British financial market was fully liberalized, it became a major fraud case.
The Bureau of Investigation happened to use the Guinness transaction fraud case as a model, and by the way, it gave the Americans an explanation.
As a result, Guinness CEO Ernest Saunders, financial tycoon Jack Lyons, business tycoon Gerald Rosen, and stockbroker Anthony Parnes were pulled out and beaten.
However, the Guinness trading fraud case is indeed very involved. Morgan Grenfell has several directors, and traders are clearly involved.
Furthermore, as one of the four major perpetrators of the Guinness trading scandal, Gerald Rosen's company purchased more than 25 million pounds of Guinness and Distiller shares.
On the face of it, Jacob Rothschild's company purchased more than 28 million pounds of Guinness and Distiller shares.
Situations like this, coupled with the unique breadth and depth of expertise in the financial industry, make the Guinness trading fraud case extremely complex and subtle to deal with.
Even the four major perpetrators of the Guinness trading scandal are not easy to catch. For example, Ernest Sanders claims to have Alzheimer's disease and cannot go to jail; Jack Lyons relies on his relationship with the British ruling party
He had a close relationship with Mrs. Thatcher;
By that time, you may not know what the situation will be like again.
These forces can cross the sea and show their magical powers. Gao Yicai bought more than 10 million pounds of Guinness and Distiller shares. Of course, he can fly among thousands of flowers without even touching them.
More importantly, Gao Yi has been playing this kind of "joining in the fun" arbitrage game for more than ten years. His experience in such things as shooting the first bird with a gun is extremely sophisticated and he will not leave any clues at all, let alone Gao Yi now.
Since you are so powerful, even if someone wants to take the opportunity to cause trouble, they can only dream about it.
As for outside discussions and private judgments, Gao Yi cannot control that much. But whoever dares to be one step ahead of the British Serious Fraud Investigation Bureau and publicly confirm that Gao Yi is guilty should wait for a lawsuit.
, and even attracted the hatred of those forces that are more sensitive than Gaoyi.
Therefore, Gao Yi himself is as stable as a rock. Even when Gao Xian learned about the phenomenon of hearing the wind and raining in Xiangjiang, he couldn't help laughing. For fools, they are so busy, there is no need to waste time on them; for traitors,
, if you really think you have an opportunity, then just wait to be thrown away in one pot.
A lot of bad things caused by the Guinness trading scandal are not without concern to Gao Xian. After all, Gao Xian is a strategic investor introduced by Morgan Grenfell, but the largest strategic investor, Deutsche Bank, is
Gao Yi was more concerned, even a little anxious.
You must know that in Alfred Herrhausen's strategic plan, Deutsche Bank's international strategy, especially the development of its investment banking business, relied heavily on Morgan Grenfell.
Now, due to the Guinness trading scandal, Morgan Grenfell's reputation has been severely damaged. Morgan Grenfell, which had lagged behind due to its conservatism in the great changes in the global financial industry since the 1970s, has been hit head-on.
The future is somewhat uncertain.
It so happened that Sir Gao had close contacts with the Germans during this period, so Alfred Herrhausen immediately tested his attitude.
The truth is obvious. After Morgan Grenfell and JP Morgan completely separated, they became the weakest among the "three brothers" who bear the halo of Morgan. Their strength lags far behind Morgan Stanley, and it is even more incomparable with JP Morgan.
If we look at it based on the data indicator of assets, it is less than 2 billion U.S. dollars, which is not enough to even look at the Asian capital markets of Tokyo and Hong Kong.
Under such circumstances, Morgan Grenfell dropped its conservative stance and introduced strategic investors, and introduced Gaoyi, in order to counterbalance the wealth and power of Deutsche Bank.
Gao Xian can roughly guess what the Germans are thinking.
Now that Morgan Grenfell itself has fallen behind, strategic investors have an obligation to "help". In the past, Morgan Grenfell could do whatever it wanted, but now it is necessary to accept leadership.
To put it bluntly, Deutsche Bank couldn't help but show its fangs and wanted to swallow up Morgan Grenfell and acquire it in order to better serve Deutsche Bank's internationalization strategy.
After all, although Morgan Grenfell's reputation has been severely damaged, after peeling off the outer layer, the short and compact traditional financial resources inside are still extremely good, and for Deutsche Bank, they are a great complement.
Chapter completed!