From arms dealer to king of war

Chapter 1576 Banking Crisis

Maybe because they spent too little time together, Qiao Jia liked Isabel very much...

Compared to the annoying Igor, the lively Isabel is much cuter.

This two-year-old girl has never left his sight since she got together with her father.

Taking the little girl to feel the captain's feeling, Qiao Jia carried her and walked to the rest area at the back of the yacht, put a little duck swimming ring on her and let her play in the pool.

Albert II came to Boss Joe's side with two glasses of champagne. He looked at the happily fluttering Isabel and said with a smile: "What a cute child. Briela was so lively when she was a child..."

Qiao Jia took a glass of champagne, frowned and looked at Albert II, who was deliberately looking for a topic, and said: "If you have something to say, just tell me freely. I can't guarantee that I can help..."

Faced with Gioga’s somewhat bad attitude, Albert II was not angry. He raised his glass and touched Gioga’s glass and said: “The recent depreciation of the euro has caused some problems in banks in the European region.

Our losses are still within our tolerance..."

Qiao Jia sneered and said: "Banks that operate mixed businesses will not end well when facing a financial crisis.

What exactly do you want to say? "

Albert II lamented and said: "Recently, there has been some negative news from Credit Suisse and UBS. Many large clients of Monaco's investment banks are transferring funds to the United States. Our reserves are not sufficient, and I am a little worried...

I know you have done some big business with Uk L. If possible, I can take over some of the deposits..."

Gioga stared at Albert II and said, "That's money laundering and it's illegal!"

As he spoke, Qiao Jia patted his forehead and said, "Why am I telling you, a guy who runs a casino, all this?"

Albert II was not angry even after being ridiculed. After pondering for a while, he said: "I need funds. The internal strife in France has been serious in the past year, and the turmoil caused by the economic downturn and immigration issues is expanding.

I know you have a lot of money, and I want you to put those funds in Monaco. "

Qiao Jia looked at Albert in disbelief and said: "You fucking want to borrow money from me to go to France to buy bargains..."

You are out of your mind. Why do you think France's economic situation is in jeopardy now?

I can tell you responsibly, it’s still early! "

Albert II shook his head decisively and said: "No, I mean, I need to increase my ability to resist risks, and I need enough cash reserves!"

After hearing this, Qiao Jia frowned and said, "Is the situation so bad?"

Albert II nodded heavily and said: "It's definitely worse than you think. It's not just France, but actually the whole of Europe is very dangerous.

Currency depreciation did not bring enough foreign trade orders, but caused serious social problems due to inflation.

You should have paid attention to the recent riots in France. This kind of riots is expected to become the norm in Europe...

I have to be responsible to the citizens of Monaco! "

Qiao Jia looked at Albert II who looked worried about the country and the people. He squinted his eyes and thought for a moment, then said: "As a casino owner, you should stop looking like you are worried about the country and the people.

You actually said that your cash flow is insufficient, then it must be that the funding gap is very large...

I have not heard any negative news about the Bank of Monaco. Customer funds are escaping from the United States, not from your bank...

Tell me, you need a large amount of capital. Is there any good business you can do? "

Qiao Jia thought for a while and said, "You just mentioned Credit Suisse and UBS. Well, are these two companies having problems and want to sell off their assets to raise funds to save themselves?"

Albert II was stunned for a moment, then he spread his hands helplessly and said, "This is a secret. You can't talk about it everywhere. I will definitely not admit it."

After hearing this, Qiao Jia said in amazement: "Swiss banks actually have problems, and the outside world has not received any news at all.

Is it their internal problem, or is it an external influence?

FUCK, the Shah is said to have just invested US$1.5 billion and acquired 10% of Credit Suisse Bank. Qatar is the second largest shareholder, and they hold 5% of the shares.

Is this a fucking pig-killing plate? "

Albert II nodded slightly and said: "Credit Suisse suffered a huge loss of 5 billion Swiss francs in Bill Huang's company last year. The Shah's people should have audited Credit Suisse's accounts, but they found no problems...

This may indeed be a game, but it shouldn't be just for the billions of dollars.

Because these equity investments are not large, the real trouble is that Credit Suisse has issued more than 18 billion euros in bank bonds.

Now this part of the bonds cannot be redeemed, which will cause very serious problems.

Introducing Shah's capital may be Credit Suisse's only chance to save itself.

Credit Suisse has suffered serious investment losses in the past few years, and the depreciation of the euro this year has exacerbated losses. If he can use his equity to persuade Shah to invest money, he may still be able to save it. "

Qiao Jia nodded slightly after hearing this. A century-old giant like Credit Suisse sounds awesome, but in fact the market value is far less than what the outside world imagines...

They only have a large amount of funds, but those are "debts". Once their profitability drops, those "debts" will run against them. This is why many European and American banks will experience financial costs...

They have to create an appearance of prosperity in order to retain customers' funds. To this end, they sometimes even offer some incredible conditions and make some seemingly extremely radical investments.

The European and American banking industries will appear particularly vulnerable when encountering systemic risks.

This is why the most crucial department of European and American banks is the ‘risk management department’.

Without the management of top risk controllers, mixed-business banks will make a lot of money when the economic situation is good, but the crises caused by the high risks of this model will explode when the economic situation is bad.

Seeing Albert II's expectant look, Qiao Jia frowned and said, "What do you want to get from Credit Suisse?"

Albert II shrugged his shoulders and said: "Of course it's a debt?

In particular, some claims from Afika are endorsed by national credit.

In order to save itself, Credit Suisse will transfer these claims at a very low price. As long as they get it, they will make a profit. "

After hearing this, Qiao Jia completely understood that Albert II wanted to take advantage of Credit Suisse's lack of money to snap up the 'assets' in their hands at a low price.

Seeing Albert II's happy face, Qiao Jia shook his head and said: "Credit Suisse's largest investment is U.S. debt. What price did they offer you?

If it's cheap, I can invest part of it for you..."

Albert II was stunned for a moment and said: "Sure enough, I can't hide anything from you...

This is big business, and I will contact you after my consultant gives me an accurate response. "

After Albert II's core profit point was pointed out, his attitude was different...

Because he has the channel in his hand, he used to seek financing from Qiao Jia. Although the interest rate may be high, it is definitely not as high as the return obtained from U.S. debt from Credit Suisse.

The high profit was clearly displayed, but the result was that he would give Qiao Jia more profit, which would not be 8 to 10 points of interest a year. Without half of the profit, he would not be able to borrow the money.

This is standard business, and using information advantages to strive for higher profits is understandable in the eyes of many people.

Qiao Jia looked at Albert II who was a standard businessman with disgust and said: "No need to contact me, just contact Gami..."

When Albert II heard this, he lamented and said, "Can you please not let that crazy woman intervene?"

Qiao Jia frowned and looked at Albert II and said: "Gami has just completed a super deal, and I believe you are also the beneficiary...

Don't tell me you don't trust her! "

Albert II said aggrievedly: "We did make money on cryptocurrency, but all that money was given to Charlene...

Jackal, please judge me. I also contributed money. Why did all the money I earned end up in Charlene's account? "

After hearing this, Qiao Jia laughed and said, "What's wrong with letting your wife take care of the money? If you are short of money, you can ask Charlene for it. It's not embarrassing..."

After hearing this, Albert II said disappointedly: "No, how could I ask Charlene for money?

Guan is my last dignity! "

Speaking, Albert II cheered up and said: "But this time is different, I am the financier...

Man, help me, you have to make sure that Gami doesn't transfer Charlene's money for investment...

I am a man, and I cannot be compared with my wife when it comes to making money! "

Qiao Jia was amused by this guy's little thoughts. He waved his hand and said, "You have to talk to Jia Mi and Charlene yourself about this...

Get ready quickly, we have to leave early tomorrow morning.

If you don't want Charlene to take my plane to England, then you have to behave better. "

After hearing this, Albert II said indifferently: "How about I go with you...

The British side issued an announcement that they want most heads of state to take civil flights to London because the airport there cannot handle it. "

Albert II was stunned as he spoke. He looked at Qiao Jia and said, "Why can your special plane fly directly there?"

After hearing this, Qiao Jia spread his hands and said, "Brother, you have to figure out who is standing in front of you..."

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