v3 Chapter 1391： Domineering counterattack

Early in the morning on November 16.

Almost all over the United States, there are newspapers covering negative news about Wells Fargo.

This time, there is no need to spread rumors.

The news content of the major media newspapers is directly "The Wells Fargo Bank has encountered a run-off crisis in many branches", "The depositors lined up in front of the Wells Fargo ATM machine overnight to withdraw money", "The standby deposit of the Wells Fargo Bank ATM machine was emptied, and the angry depositors smashed their profits ATM machine" and so on. 166

These news content has actually happened, and photos have also been taken by many media.

No need to mention the previous content.

These contents alone are enough to make unidentified readers go to Wells Fargo Bank to make deposits.

Therefore, before it was time for work, there were long lines at the gates of Wells Fargo Bank branches across the United States.

As work hours arrived, the branches of Wells Fargo Bank were crowded with people, and nearby American police had to go to the scene to maintain order.

If this kind of sudden crisis cannot be handled properly, then Wells Fargo’s capital chain will really be all right.

After getting reports from various places.

Alman Simmons, president of Wells Fargo Bank, was anxious.

If this continues to drag on, even if the crisis is finally resolved, deposits will still be lost!

Therefore, at 8:30 in the morning, Wells Fargo Headquarters held a grand press conference.

At the press conference, there were hundreds of media, including newspapers, radio and television stations.

Of course, the media that the consortium participates in, or the media of its allies, are all put in a better position in front.

"Da da da…"

When Alman Simmons walked out from behind with a sullen face, the original noisy press conference was silent at first, and then there was a louder discussion.

"Quiet~"

"Please keep quiet, follow order, and the press conference will begin soon~"

Arman Simmons's secretary called out loudly on the stage, and the security and staff off the court tried their best to maintain order.

"Keep quiet, everyone. I am Alman Simmons, President of Wells Fargo Bank. Thank you all media friends for coming!"

"In order not to delay everyone's precious time, please follow the order."

After seated, Alman Simmons directly turned on the microphone, increased the volume to speak, and suppressed the noisy voice.

Sure enough, what he said, the effect was immediate.

Alman Simmons nodded slightly and continued: "The press conference officially begins, I will..."

…

This press conference was broadcast live on several major national television news networks.

Xia Yu, who was as far away as Pennsylvania, accompanied Sandy, in front of the TV, watching the press conference through CNN's news network.

Sandy also knew that Wells Fargo was an ally invited by her husband Xia Yu for the Mellon family. The reason for this crisis was that it had spent tens of billions of dollars to help the family.

Therefore, when the Mellon family was discussing this matter, Sandy was also worried about Wells Fargo and asked Xia Yu about the situation.

Although Xia Yu told her that it was okay, the husband and wife joined the heart. Yesterday she still felt a raging fire in her husband Xia Yu's heart.

"Damn the Cleveland Consortium!"

"The plot against our family is wrong, and now we are retaliating against the Polaris consortium."

Xiandi, who was holding Xia Yu's arm, muttered angrily.

Xia Yu, who was watching TV, tilted her head slightly, kissed Sandy's forehead, and said softly: "Cleveland is indeed a **** group, but don't worry, keep watching. Wells Fargo will get through the crisis."

"Yeah!" Sandy tapped Zhenshou lightly, and continued to look at the TV.

I saw on the TV screen, Wells Fargo President Alman Simmons looked murderous, his right elbow propped on the table, his right hand held by four fingers, his index finger pointed diagonally to the sky, and angrily explained the situation.

"On the morning of November 15th, the Cleveland News maliciously spread the rumors that there was a problem with our company’s capital chain without evidence. This is a manifestation of irresponsibility to the country and all citizens. This is a wanton violation of the law. dignity!"

"As the third largest bank in the U.S., Wells Fargo is responsible for the stability of the U.S. financial system and has been serving the whole society wholeheartedly. However, there are conspirators who hope to use despicable means to bring us into crisis at Wells Fargo!"

"Our company has sued the Cleveland News and other 23 newspapers in the court. I believe that the law will always stand on the side of justice!"

"Papa..."

After Yalman Simmons expressed his tough attitude, he saw frantic applause from the audience, and the reporters were all invigorated.

Wells Fargo is taking the initiative to make matters worse. At least in the next half a month, their news topics are not lacking!

"Now start the middle questioning session!"

Arman Simmons had just finished speaking, and all the reporters in the audience raised their hands.

The first opportunity, of course, Alman Simmons gave to CNN of the consortium department.

"Hello, President Alman Simmons. The Cleveland News reported that Wells Fargo has consumed tens of billions of dollars in funds in the last half month. Is this true?"

After the reporter asked questions, Alman Simmons immediately replied: "We did spend tens of billions of dollars to invest in some companies, but this is normal business practice. We provide depositors with the highest deposit interest rate in the United States for the health of the bank. Development and maintaining high capital turnover are our business methods." 78中文网

"Wells Fargo's asset management department is responsible for creating revenue for the company and maintaining the value of funds."

"The Cleveland News, just because Wells Fargo has invested tens of billions of dollars abroad, it questioned the huge risks in our capital chain."

"But they didn't know that before this series of investments, our company's asset management department had already cleaned up some of the low-yield assets and withdrew tens of billions of dollars in advance."

"So this large-scale acquisition is just a very normal asset structure adjustment!"

“Here, I call on all depositors of Wells Fargo Bank. Please trust us as always and don’t be misled by malicious media. Withdrawing your deposits in advance will make you lose the interest income you deserve.”

"Thank you for your answer, I am very satisfied."

The CNN reporter bowed slightly and sat down after speaking.

Alman Simmons immediately clicked on the next reporter. He was from USA Today, which has the largest newspaper circulation in the United States.

"President Arman Simmons, how do you prove that Wells Fargo has no problems with the funding chain?"

Alman Simmons said confidently: "This is a good question."

"First of all, we have sufficient liquidity. We have invited officials from the Financial Services Authority to supervise and inspect our capital chain. This one next to me is Mr. Jerry Feist from the Financial Services Authority. He Can testify for us."

"In a moment, everyone can consult with Mr. Jerry Pfister."

When Alman Simmons spoke, his palm pointed at the Jerry Pfister next to him, who also got up and bowed to everyone.

When there were some riots off the court, Alman Simmons continued: "In addition, Wells Fargo and Northern Trust Bank, Mellon Financial Corporation, Toronto-Dominion Bank and Scotiabank are strategic partners."

"Northern Trust Bank has a US$3 billion credit line for us, Mellon Financial has a US$4 billion credit line for us, and Toronto-Dominion Bank and Scotiabank each have a US$5 billion credit line for us. ."

"These four major banks have a combined credit line of 17 billion U.S. dollars for us, and we can get financial support from these four major banks at any time."

"The representatives of these four banks are all sitting on the podium today. They can prove our cooperative relationship."

"Plus our original stable funds, who can tell me, under what circumstances will we have problems with the capital chain?"

At the end, Alman Simmons spread his hands and mocked his face, as if he was mocking the ignorance of the Cleveland News!

The reporters in the audience were all shocked. They did not expect Wells Fargo to have such a strong strength and cooperative relationship.

Almost all the reporters present believed what Alman Simmons said.

…

Next, the questioning continued. Officials of the Monetary Authority and representatives of several major banks were interviewed. UU read www.uukanshu. Com confirmed what Alman Simmons said, and strongly criticized the sinister conspirators, and also called on depositors to stay sensible and calm.

The content of the conference was broadcast live by major news networks throughout.

And Wells Fargo Bank branches all over the United States have televisions installed, and all of them are broadcasting this press conference.

The depositors gathered at the branches of Wells Fargo Bank looked at them and recovered their sanity. Almost all of them let go of the idea of ​​withdrawal, and many people even swear.

The questioning session lasted more than half an hour before it ended.

Just when everyone thought the press conference was over.

Alman Simmons announced one more thing.

Wells Fargo has been on the path of orderly expansion.

The reason why many depositors believed the rumors this time was largely because of the frequent thunderstorms in the US banking industry in the past two years.

But Wells Fargo is different from those banks. It has a healthy cash flow and an excellent business model, making it the best bank in the United States.

In order to prove his own strength, he will announce some development plans that he has already prepared in advance.

That is, Wells Fargo will initiate acquisitions of some banks such as Cleveland Trust Company and Cleveland National City Bank!

When Alman Simmons finished speaking, there was a moment of silence at the press conference, and then all the reporters became excited again and wanted to ask questions again.

But Yarman Simmons did not give them another chance and took everyone away from the rostrum.

In front of the TV, many people were shocked by Alman Simmons' final domineering announcement.

Of course, there are also people who have a numb scalp.

For example-Douglas Mather and others.

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