Chapter 1305 Citigroup, which is having a hard time
Jia Yuwen's confidence comes from her deep fascination with Xiao Qi.
However, she still predicted one thing wrong, that is, the Fairy Airlines that Xiao Qi gave her was definitely more than 6.4 billion in assets. The 15 cargo planes were just an appetizer. In Xiao Qi's plan, the routes of cargo planes would be all over the world.
Asia will need more than thirty or fifty cargo planes by then.
There is also a foreshadowing, Fairy Airlines is not Fairy Cargo Airlines!
In addition to cargo, it is not unimaginable in the future for companies like Juneyao Airlines, AirAsia and even Virgin Atlantic to specialize in cheap and fast passenger aircraft.
The low-cost ticket models of Virgin, AirAsia, and Juneyao Airlines prove that passenger airlines also have great potential, and coupled with the coverage advantage of cargo airlines, it is definitely not a dream for Fairy Air to maintain its leading position for 50 years.
Anyway, Xiao Qi's own idea is that the assets given to each wife must be very good, and they must not be given to the kind of assets that lead to three or five years of rapid decline, and then lose everything!
No, the young man is on the phone in the office right now, preparing to give a big gift to the beautiful and hard-working Northeastern Yangma.
Originally, what Xiao Qi wanted to give to Yu Shanshan was all the commercial properties of Fairy Real Estate Rongcheng Branch, but after thinking about it, he felt it was inappropriate.
Because all land-related assets, Xiao Qi plans to inject them into the family fund in the future and leave them to all descendants, but will not allow them to buy or sell them.
If Yu Shanshan is given some land assets alone, then her other wives and other children may have some ideas. This kind of unfairness under great fairness can also easily cause conflicts.
Whatever.
Anyway, during the financial crisis, there are too many excellent companies to buy, so there is no need to worry about this.
The person Xiao Qi called was Wade, the vice president of Citibank's New York branch.
The gambling contract with Citibank did not affect Xiao Qi’s relationship with Citibank’s “Asia-Pacific department” at all.
Wade, who has always maintained his friendship with Xiao Qi, has also been worried recently.
There is no other reason. The subprime mortgage crisis has caused several major investment banks and banks to fall into a serious loss crisis.
It's not yet time for the annual report to come out. Citigroup, a long-established bank with a history of nearly 200 years, naturally does not have the same confidence as investment banks like Bear Stearns and can hold on.
But Citibank is in very bad shape.
Very very bad.
Dragged down by subprime debt, Citigroup's losses in the third quarter have already exceeded 5 billion, and they are expected to lose more in the fourth quarter.
But the most important thing is not these, but the more than 100 billion in subprime mortgage-backed securities and other financial derivatives that Citibank holds. These are supposed to be promoted to other investors, but Citibank looks so
The high rate of return on income was obviously greedy, and he quietly established a structured investment entity to buy these bonds.
But once the subprime mortgage crisis broke out, these subprime bonds were like garbage and couldn't be dumped, so they had to rot in the hands of Citigroup.
Bear Stearns is definitely doomed. They have lost more than just a few of their funds. The entire investment bank has fallen into a mess. Even the experts from the Federal Reserve have made no move to take action after a closed meeting for three days.
Smart people already know that Bear Stearns has been abandoned by the US government.
Citibank does not want to become the second Bear Stearns. Citibank, which prides itself on having the largest assets, the most profits, and the most comprehensive investment categories in the world, absolutely does not want to go bankrupt miserably.
So high-level meetings came one after another, and everyone was discussing how to avoid this crisis or pass the crisis on to others, but after so much time, no conclusion was reached.
Wade, who is barely a senior member of Citibank, is also more or less affected by this panic.
So when he received Xiao Qi's call, he was drinking alone.
"Qi Shao, what can you do to take care of me?" Wade said jokingly, "I'm afraid it won't be long before I join the Fairy Company. You have to take me in!"
"Okay, as long as there is such a day, Fairy Company will open its door to you at any time!"
Xiao Qi's answer was unambiguous, which gave Wade some comfort.
After putting down the bottle of wine, Wade, who was sitting on the sofa at home, became serious, "Qi Shao, are you calling me so late because there is something important?"
He was also dizzy. It was indeed 10 pm in the United States, but it was only 10 am in China.
But Wade was right, Xiao Qi did have something important to do with him.
"Wade, the financial crisis is coming. It is a bad thing for many people, but for some people, it is the best thing." Xiao Qi said harmoniously: "The next two or three days
Within this year, I have several important acquisitions that I want to entrust you to carry out. As long as you complete these businesses for Citibank, I can guarantee that as long as Citibank does not collapse, you can become the global vice president of Citibank!"
"oh?"
Wade was shocked, and the alcohol quickly dissipated.
"Qi Shao, you want to acquire an American company? The amount involved is huge?" Wade became excited.
"The amount may not be very large, but the commission involved will not be small." Xiao Qi said lightly: "But I want to tell you in advance, Wade, if Citibank is not interested in my acquisition entrustment, then Goldman Sachs, Morgan
Investment banks like Stanley will receive my entrustment."
"OK!"
Wade understood what Xiao Qi meant and nodded solemnly: "Young Master Qi, give me this opportunity. If I don't grasp it well and communicate well with the people above, that's my problem!"
Citibank is simply too big.
Recently, they have been engaged in an oil bet with Xiao Qi, so the "Asia-Pacific faction" who is close to Xiao Qi has received a lot of pressure.
Although Xiao Qi is willing to give them some extra help, they must be able to withstand the external pressure, otherwise Xiao Qi will have no choice.
Xiao Qi smiled and said, "It's not that serious. When the oil betting comes into effect, just wait and see how miserable they will be!"
Wade's mouth moved but no words came out.
He thought to himself, Qi Shao, you are too confident. During this period, the price of oil has fluctuated so much that even the hundreds of experts in our company can't tell. Although the experts' words are often bullshit, are you so sure that you can win?
(To be continued. Please search Piaotian Literature, the novel will be better and updated faster!)