v3 Chapter 1162： The top 3 banks are mine (I wish you all the Mid-Autumn Festival...

When Xia Yu was building a financial market in Hong Kong, the British banking market was undergoing tremendous changes.

The three people who have been caught in the sovereign debt crisis in Latin America have been saving themselves, and the British government is also doing its best to help resolve the crisis.

But the situation of the three banks, Barclays Bank, National Westminster Bank and HSBC Holdings, is very different.

The best situation is the National Westminster Bank, which is not much different from the largest bank Barclays, but its debt is about three-fifths of Barclays.

The veteran family behind the National Westminster Bank is certainly not an opponent of the Rohill family, but together, in the United Kingdom, it is not weaker than the Rohill family. There are the most ways to save themselves, and the British government’s The relationship is also the deepest.

The second best situation is not HSBC Holdings, but Barclays Bank, which has the most debt in crisis.

Barclays Bank has the largest amount of debt and the greatest risk, but the Rohill family is too powerful and has been continuously raising funds, changing tricks to deal with the run.

Although the Bright Fund has been controlling public opinion behind the scenes, as time passed, Barclays Bank continued to use cash to allow depositors to withdraw funds. Over time, the panic of depositors gradually dissipated.

Therefore, after the market value of Barclays Bank fell below 4 billion pounds, although the market value is still shrinking, the rate of decline has slowed down significantly.

It's just that Barclays Bank has been selling assets and allowing depositors to withdraw funds, which has reduced the bank's total assets by more than tens of billions of dollars.

HSBC Holdings is in the worst situation. The reason is actually very simple. First, Latin America has less debt but not a low proportion of bank assets. Second, the shareholders behind the scenes are not as strong as Barclays Bank and National Westminster Bank.

HSBC Holdings holds US$6.94 billion in sovereign debt and lent more than US$7.53 billion to companies in Latin America and other countries, reaching a total of US$14.47 billion, less than Barclays The sixth floor of the bank is about $1.6 billion less than the National Westminster Bank.

But before the outbreak of the crisis, HSBC Holdings had total bank assets of just over US$57.133 billion and total deposits of around US$53.4 billion.

The total bank assets are equivalent to about 65% of the National Westminster Bank, and the total deposits are equivalent to about 66% of the National Westminster Bank.

However, the proportion of risky debt to the bank's total assets reached 25.3%, which was 1.5% less than the 26.8% of Barclays Bank.

This is not more serious.

British HSBC Holdings is the parent company of Hongkong HSBC Bank, and Hongkong HSBC Bank is the core subsidiary of HSBC Holdings, occupying more than four floors of HSBC Holdings' total assets.

However, the sovereign debt and risky loans held by Hong Kong HSBC only occupy less than two tiers of HSBC Holdings.

If the debt and assets of Hong Kong HSBC Bank are divested to calculate.

The risk debt ratio of HSBC Holdings in the UK has reached a staggering 40%!

National Westminster Bank, which far exceeds Barclays Bank!

This kind of insider data is what HSBC Holdings is trying to hide.

But who made the Bright Fund one of the shareholders of HSBC Holdings in the UK? George Berkeley also calculated secretly. Naturally, people have already figured out the situation and secretly ordered people to send these secret data to non-Bright newspapers. There.

Therefore, after the secret data was exposed, HSBC Holdings fell into dire straits and became the closest large bank to bankruptcy.

The British government has spent the greatest effort to support HSBC Holdings, and the major shareholders behind the bank have also been forced to rescue.

But even so, it still cannot prevent the rapid loss of HSBC Holdings' assets.

The total assets of HSBC Holdings have fallen below US$50 billion, which makes HSBC Holdings’ risk-to-liability ratio more than 55% excluding the calculation of HSBC.

Even if there is no bankruptcy, HSBC Holdings has become a junk stock, and its market value has shrunk extremely seriously. From the original market value of more than 4.3 billion pounds before the outbreak of the crisis, it directly fell below one billion pounds.

But the stock is still no one cares about.

The risk of bankruptcy is too great.

At this time, more than 3,000 banks around the world were involved in the sovereign debt crisis in Latin America, and few major European and American banks escaped.

Like the four major banks in the UK, only Lloyds Bank was lucky to escape. The assets of other banks are less than one. It is too late to hide from HSBC. Where can I dare to take over?

Lloyd's Bank, which had survived the disaster, also did not dare to jump into the pit.

To receive the order, it is to wait for HSBC Holdings to go bankrupt and grab some high-quality assets.

But what makes many people dumbfounded is that there are people who dare to take over HSBC Holdings.

That is the Bright Fund, one of the UK's large financial institutions!

In the beginning, the Bright Fund was just buying the stocks of HSBC Holdings that nobody bought on the stock market, and no one noticed it.

Moreover, the Bright Fund itself is a shareholder and director of HSBC Holdings, and there is no need to disclose the increase in shares.

It was not until the Bright Fund had absorbed more than 30% of the stock in the stock market within two days and increased its shareholding to more than 35% before it was found out by the agency and aroused heated discussion.

But HSBC Holdings' stock price also failed to rise.

Because when George Berkeley did not mobilize media resources to create positive public opinion, public opinion was generally not optimistic about the actions of the Bright Fund.

This is exactly what George Berkeley wanted.

He approached Margaret Thatcher directly, and after some discussions, he won strong support from the British government.

Then, with the help of the British government, he found those shareholders of HSBC Holdings who had not sold their shares.

It's not that these shareholders don't want to sell their stocks. They are also worried that they will be implicated in tens of billions of dollars in debt after the bank goes bankrupt, and they will also advance other family assets.

But these major shareholders are all being watched by the British government, prohibiting them from selling stocks, which makes the situation worse, and also allowing them to raise funds to maintain HSBC Holdings' capital chain.

This makes these shareholders envy those scattered stocks and a small number of holding institutions, but also miserable.

Now the British government has lifted the ban on them and allowed them to privately transfer their stocks to the Bright Fund to take over. They all agreed to them and proposed that they must be transferred at a real-time stock price.

As for the premium?

No one dared to mention, after all, if they were to sell their stocks off the stock market, it would definitely be enough to crash the stock price again, and they would not be able to sell all of their equity.

Now that it can be transferred at a fair price, it can be regarded as a very high requirement.

It's just that George Berkeley is not stupid. He seized the opportunity to press down the price. These shareholders also had to pinch their noses to agree. In the end, all the shares were bought at an average of 92% off the current price.

Subsequently, with the assistance of the China Securities Regulatory Commission, Bright Fund quickly completed the privatization.

The entire operation cost a total of 784.26 million pounds, and HSBC Holdings, which had a market value of more than 4.66 billion pounds before the outbreak of the crisis, was bought.

The whole process took only eighteen days!

Highly efficient and shocking people's attention.

But as HSBC Holdings is wholly-owned by Bright Fund, this also means that more than 10 billion US dollars of risky debt is also shrouded in Bright Fund.

Once HSBC Holdings goes bankrupt, then the parent company Bright Fund will have to fill it with assets.

This has also caused investors in some private or public funds opened by Bright Fund to be worried, and some even plan to redeem their funds to avoid being dragged down by Bright Fund.

But George Berkeley was not alarmed. He had considered this a long time ago, so he had applied for help with Xia Yu, and he had obtained Xia Yu's instructions before daring to go to Margaret Thatcher to make a major promise.

On the second day of the wholly-owned holding of HSBC Holdings by Bright Fund, Bright Fund jointly held a press conference with HSBC Holdings and the Governor of the Bank of England. The whole conference was broadcast live by the BBC.

At the press conference, George Berkeley announced that without moving the company’s funds, the company’s shareholders collectively raised 10 billion US dollars and deposited all of them in HSBC Holdings’ accounts, expressing their support and trust in HSBC Holdings.

At the press conference, the deposit receipt was also displayed. The Governor of the Bank of England testified on the spot that the Bright Fund had indeed deposited US$10 billion into the bank account of HSBC Holdings.

It was precisely because George Berkeley proposed this feasible plan when he approached Margaret Thatcher that he won the full support of the British government.

After the press conference was held, the entire United Kingdom was shocked by Bright Fund’s generous efforts, and the crisis of HSBC Holdings was directly suppressed to a minimum.

Subsequently, the influence quickly spread to the world, and the name of the Bright Fund resonated throughout the world.

In fact, this tens of billions of dollars of funds was temporarily lent to Guangming after being pooled together by banks such as Royal Bank of Scotland, Standard Chartered Bank, Jiuding Bank, Island Chiba Bank, and Wells Fargo Bank. For funds, Bright Fund will deposit it into HSBC Holdings.

The reason why these banks are not allowed to face the support of HSBC Holdings is that they do not want to reveal their strength, and the identity of the banks is too sensitive. It involves the deep-seated HSBC Holdings. If public opinion does not control it well, it is easy to drag these banks into the water. .

Therefore, Xia Yu chose to let the Bright Fund top the top, and at the same time used this opportunity to let the Bright Fund advertise in the world.

Facts have proved that this tens of billions of dollars of advertising is extremely effective.

At least, Margaret Thatcher has a deeper understanding of Xia Yu's strength. After all, there are very few people who can mobilize 10 billion US dollars of liquidity in a short period of time.

Bright Fund acquired HSBC Holdings, and naturally owns 54.7% of its subsidiary Hong Kong HSBC.

In addition, Jiuding Securities now holds 39.7% of the shares of Hongkong and HSBC Bank.

The Hong Kong HSBC Bank has been controlled by Xia Yu with 94.4% of the shares, and the remaining small part is scattered in the Hong Kong stock market.

While the leaders of the political and business circles were still lamenting the change of ownership of HSBC Holdings and the strength of the Bright Fund, they did not know that Xia Yu had firmly established himself as the hegemon of the banking industry.

Hong Kong’s largest Jiuding Bank, the second largest Hong Kong HSBC Bank, and the third largest Standard Chartered Bank, all belong to Xia Yu!

PS: It's the beginning of the month, ask for a recommended monthly pass, I wish you all a happy Mid-Autumn Festival! Happy reunion! I also wish the motherland a prosperous and peaceful country!

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