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Text Chapter 1305 Citigroup is having a hard time

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    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 at that time.

    There is another foreshadowing, Fairy Airlines is not Fairy Cargo Airlines!

    In addition to cargo, it is not unimaginable in the future that airlines such as Juneyao Airlines, AirAsia and even Virgin Atlantic 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 of excellent quality, and they must not be given to the kind of assets that lead to three or five years, then quickly 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 Northeast Ocean horse who is hardworking and hardworking.

    Originally, Xiao Qi wanted to give Yu Shanshan all the commercial properties of Fairy Real Estate Rongcheng Branch, but after thinking about it, he felt it was inappropriate.

    Because of all the land-related assets, Xiao Qi plans to inject them into the family fund in the future and leave them to all descendants, but he 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.

    It doesn¡¯t matter.

    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 New York Branch.

    The gambling contract with Citibank did not affect the relationship between Xiao Qi and 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 to hold on.

    But things are not going well at Citibank.

    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 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 is in a mess. Even the experts from the Federal Reserve have made no move to take action after the 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 boasts the largest assets, the most profits, and the most complete investment categories in the world, absolutely does not want to go bankrupt miserably.

    So high-level meetings were held 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 was barely a senior member of Citibank, was 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 joked, "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.

    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 is also dizzy, nowIt's 10 o'clock in the evening in the United States, but it's only 10 o'clock in the morning 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  I have several important acquisitions that I want to entrust you with during the year. As long as you complete these businesses for Citibank, I guarantee that as long as Citibank does not collapse, you will become the global vice president of Citibank!¡±

    "oh?"

    Wade was shocked, and the drunkenness 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: "Master Qi, give me this opportunity. If I don't grasp it well and communicate well with the people above me, then it's my problem!"

    Citibank is simply too big.

    Recently, they have been betting on oil with Xiao Qi, so the "Asia-Pacific Department" who is close to Xiao Qi has been suppressed a lot.

    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 are!"

    Wade¡¯s mouth moved but no words came out.

    He thought to himself, Qishao, 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 novels will be better and updated faster!)
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