At this time, the banking industry in the United States is trying its best to tide over the difficulties. There are many ways, but the most fundamental thing is that they need money. Ranwen novel??．ｒａｗｅｎｎｅ
When the economic situation is bad, especially after many banks have gone bankrupt, the most common approach for ordinary people is to cash out their deposits quickly.
In their opinion, cash is safer at home than in the bank. If these banks also fail, their money will really become useless paper.
As a result, centralized redemptions occurred, exacerbating the cash burden on banks. Normal banks don’t have particularly large cash reserves. In many cases, 10% of deposits are enough for circulation, and 20% is considered a lot. When interest rates rise, big banks with good reputations Seven percent is enough.
But at this time, it was far from enough.
Another interesting thing is that the credit cards issued by the banks that have not collapsed are still in normal use.
Some people were pleasantly surprised to find that they had applied for a credit card at a certain bank, and then that bank went bankrupt before they could repay the credit card.
Although the accounts are still there, whoever takes over the failed bank will take over the accounts. But there is no need to pay it back for the time being. Have the accounts been deactivated
Some banks even went bankrupt, which turned them into dead debts. They all felt that they had taken a huge advantage.
At this time, many people went to major banks to apply for credit cards. Although the review system became much stricter, they were still able to apply.
Many people who had applied for credit cards before also began to spend money with their cards like crazy. Some people have lost their jobs during this period, and their income has been cut off. They can only use credit cards to cash out to maintain their current lives.
Some simply want to take advantage and wait for the bank to go bankrupt so that they don't have to repay, or don't have to repay temporarily.
As a result, the pressure on those banks has become increasing. They cannot stop the credit card business. After all, many people are still using it normally and have sufficient repayment ability.
The bank has laid off a large number of employees, and the manpower itself is insufficient. The credit card side does not have the ability to conduct detailed reviews, resulting in a growing gap.
The more chaotic it is, the more loopholes there are. Feng Yu is very happy to see these situations.
The decline in the credibility of those banks is also an opportunity. Minsheng Bank is currently selecting locations in a low-key manner and is preparing to enter the US market in a big way.
By then, relying on Feng Yu's name, the bank's credibility will not be low. But Feng Yu also knew that this would definitely be subject to some restrictions. However, when there are many gaps in the U.S. banking industry, the U.S. will never restrict the entry of Minsheng Bank, but there may be restrictions on business projects.
Xiao Bu Shi went to China to attend the opening ceremony of the Olympic Games and paid a side visit to China.
The main intention is to deepen cooperation with China. The United States is one of China's most important export markets, and China is also the market that the United States values most.
Especially at this time, many Chinese companies have delisted from the US financial market, and then after sorting things out, they have returned to Hong Kong or Shanghai to re-list. This has also had a great impact on the US stock market.
If companies from other countries follow suit, the U.S. stock market will be even more seriously hurt.
Xiaobu Shi wants to talk to China about whether some companies can be prevented from delisting. The financial market in the United States will definitely develop again. It is the best and most mature financial market in the world. It will definitely not be completely The collapse will also be of great benefit to China's corporate development.
There is also hope that China can also spend a large amount of money to support their rescue operations in the United States. After all, China also has a lot of foreign exchange investments in the United States, especially since China still holds a lot of U.S. dollars. The U.S. economy has been severely hit, which has also been a huge loss to China.
For example, some island countries and the European Union have spent a lot of money because their economies are closely related to the United States.
The United States' strategy of kidnapping the world can be simply understood as that they turn themselves into a listed company, and other countries are shareholders.
When the company loses money, the major shareholders have no money to continue investing. Then if the small shareholders do not invest money, the company will lose more and even risk going bankrupt. Although major shareholders suffer the most losses, small shareholders also suffer considerable losses.
If you have money, the company can still turn a profit. You, the small shareholders, should quickly use your money to save the company.
For example, the European Union and island countries have high-ranking shareholders, so they have to spend money to save the company, otherwise their previous investment will be in vain.
This is not the case on the Chinese side. They used the excuse that they spent too much money on the Olympics, only invested a small amount symbolically, and then said they had no money.
Anyway, you, the United States, still have to spend money, and the European Union and island countries will not stop. Even if China does not spend money, it will not suffer a big loss. Instead, it can take the opportunity to swallow up some markets.
If China wants to get rid of this kind of kidnapping by the United States, it cannot blindly follow the requirements of the United States, otherwise it will never be able to get rid of it.
Although this will definitely reduce U.S. investment in China in the future, China is not worried.
Feng Yu analyzed with his boss that the market in China is one that all businessmen want to enter and occupy. The population density is high and the consumption power is growing rapidly. Who doesn’t want to come here to make money
Not to mention that the United States certainly cannot restrict those companies from investing in China, so what if it completely restricts it? If the United States chooses to hurt each other, funds from other countries in Europe and Asia will definitely flood in.
In addition, China can take advantage of this opportunity to stimulate domestic demand and develop alternative industries. The losses to the United States will definitely be much greater than that of China. The economy of the United States has been seriously affected at this time, and they absolutely dare not really play with China and hurt each other.
Feng Yu analyzed the situation using business methods. Of course, these conclusions were drawn based on the huge amount of information and data collected by the team.
Only then did China strengthen its confidence. They discovered that the United States, which they had always envied, was nothing more than this. It turns out that the prosperity of the United States is also accompanied by huge hidden dangers.
Their floors were high, but the foundations below were riddled with holes. Fortunately, they have already begun to slowly withdraw their investment from the United States. Otherwise, they would really have to help and pay for the United States' mistakes.
Originally, China used the huge investment in the Olympic Games to prevaricate it, but hadn't the sponsorship fees for the Olympic Games just been announced? When Xiaobu Shi saw it, he said that you, the China Olympics, had received such a huge amount of sponsorship fees, and you still said you had no money
You don’t have to be a fool to know that China will definitely make money by hosting this Olympics. Moreover, you have included urban transportation construction into the investment for the Olympic Games. How can you calculate it like this
Generally speaking, venues and Olympic villages count. Without the Olympics, wouldn't you build roads
But China found another excuse at this time, that is, China was implementing a universal social security policy at this time, and all the money had been spent, and there was really no money.
We haven’t even sold your U.S. Treasury bonds yet, we are already being kind enough!
While Xiaobu Shi and the others were busy, Feng Yu and the others also started taking action.
… (To be continued...)