Chapter 1869

Kirilenko rushed to contact the chairman of Leto group. Although Leto group has many businesses in Australia and Canada, it is a British company, so its headquarters is also in London. It is not particularly difficult to meet each other.

Feng Yu had a rest and asked Kirilenko's people to arrange a car to meet the CEO of the bank.

Britain's banking industry is very developed, which also benefits from the prosperity of London's financial industry. More than half of Europe's investment banking operations are in London.

London is also one of the major private banking markets in the world. The total value of private securities has already exceeded 300 billion pounds. Even in 2007, it once claimed that it exceeded 500 billion pounds. Now, it is less than 200 billion pounds, because many securities are no longer valuable.

London is also the city with the largest number of bank branches in the world, with more than 300 branches, ranking first in the world, and New York is not comparable.

If the development of banks is good, the major financial markets such as New York, London, Tokyo and Xiangjiang must not be missed. Feng Yu has acquired many financial institutions in North America, but there is no commercial bank.

And this commercial bank in London, which Feng Yu likes very much, is of great benefit to the business expansion of Minsheng Bank.

The bank, which lost a lot in the financial crisis, is one of the UK's top mortgage lenders.

Although it is lower in the U.S. than the Redman brothers, its influence in Europe is not small. The total amount of this bank's deposit taking is close to 30 billion pounds. When it comes to its deposit taking capacity, it is absolutely excellent.

Unfortunately, the investment vision is a little poor, but also invested in too many subordinated bonds, resulting in great losses.

However, with the help of the British government axe, the Bank of England provided emergency liquidity support to the bank, and the British finance minister also announced that he would guarantee the bank's deposits, so that the bank could not be bankrupted by the popular run.

For this reason, the UK is still discussing the introduction of the latest "Bank Bankruptcy Law" to prevent such a situation from happening again, and the political axe can intervene in time.

As for the financial crisis in the United States, the losses in the United States are very large, but the losses in the United Kingdom are not small. Who makes Britain and the United States have a close relationship, and many industries learn from each other?

Like the U.K. and the U.S., the British government axe had to take over some financial institutions, temporarily turning many private enterprises into state-owned enterprises, and then trying to sell them when the crisis passed.

The commercial bank that Feng Yu wants to buy is also held many preferred shares by the British government axe. The British government axe wants to get rid of it quickly, and they are short of money.

When Ralph contacted the person in charge of the bank, they were actually very excited. This time I heard that Feng Yu had come in person, the CEO of the bank was even more excited.

Their bank's market value at this time is less than 10 billion pounds, which is absolutely affordable for the richest man in the world. And they also have a lot of high-quality assets, but the worry is that the bank has a lot of debt and bad assets, whether Feng Yu will hesitate.

However, the government axe has made a request to them to find someone to take over the bank as soon as possible. Even if it loses some money, it will not hesitate to do so. In their hands, there is no capital to solve the problem, so we can only watch the bank continue to devalue, the loss of high-quality assets, and become poor assets.

While there is still value to sell, this is the most correct choice, let alone let the government ax recover funds to help other enterprises out of difficulties.

"Hello, Mr. Feng. I'm Gary Porter, the CEO of the Western Commercial Bank of England, and the person in charge designated by the shareholders of this acquisition negotiation. You can call me porter."

Feng Yu looks at Mr. Porter in front of him. He is very meticulous in his clothes, even his beard is neat. Fortunately, he doesn't wear black glasses. Otherwise, Feng Yu can't help thinking about Harry.

"Potter, sit down. You should know my intention. I'll give you five minutes to convince me why I want to buy your bank."

Porter looks at Feng Yu in surprise. Isn't this person around him an interpreter? He clearly remembered that Feng Yu was from China. He didn't expect to speak English so well.

However, at this time, he can't think too much about what Feng Yu means. If he can't give enough reasons, Feng Yu is likely to give up the acquisition.

But he also said that as long as he persuaded Feng Yu, there would be a great possibility of acquisition.

"Mr. Feng, our bank still has more than 26 billion pounds of deposits. This figure is enough to prove our ability to absorb deposits and that our bank is still trusted by depositors."

"We have first-class high-end talents in the world. In terms of talent selection system, we will be entrusted with heavy responsibilities as long as we are able to create high profits for the bank."

"We adopt a radial organizational structure, where centralization and decentralization coexist. The banking business can be spread all over the world through the network, and can have a centralized scale effect through information and resource sharing."

"Our organizational structure is absolutely not overstaffed, everything is considered for customers, on the premise of safety, in order to meet customers' requirements as soon as possible, and provide customers with the most convenient financial services in the shortest time, so our customer satisfaction has always been very high.""We have accurate strategic positioning and target market, with the goal of serving customers, and adhere to the principle of" first to be excellent, then to be big ", which makes us very advanced in the concept of operation and management..."

Feng Yu looked at his watch. Five minutes later, he waved and interrupted Potter.

"Well, it's five minutes. Do you think those words you just said can move me?"

Feng Yu's expression was grim and his tone was stiff, which made Porter very uneasy. He has some regrets in his heart. Just now, there are many advantages that he didn't say. Isn't Feng Yu dissatisfied with what he said?

"You're not sure. Let me give you some ideas first. You say you have 26 billion pounds in storage. What about the money? How much cash reserves do you have? Most depositors' deposits have turned you into loan contracts and other securities. In the run of the bank, you can only borrow at a high interest rate, which is one of the fundamental reasons for your loss. "

"You said that as long as you can create high profits for the bank, you will be entrusted with heavy responsibilities. I think your loss this time has nothing to do with this system, right? Do you think the securities you buy will bring you high profits? But what about the results? "

"You say your business can be all over the world, but how many branches or outlets do you have? How many employees? You haven't said how many of them are new employees and how many are retiring. "

"It's funny to aim at serving customers. The first and final goal of a bank is the same. That's to make money. Making money is the core goal."

"Potter, do you accept what you and I said?"

Porter was shocked and his eyes were empty. He thought the negotiation might fail again. Can't their bank really sell it?

……