American Scandal King

Chapter 155: Initiating the Acquisition (Part )

The sunshine in early spring is just right.

Clement Freddy had just stepped out of the car and into his company when he saw his sexy secretary walking towards him gracefully. She whispered, "Mr. Ian Carr is waiting for you in your office."

Ian Carr?

Claesson Freddy was slightly stunned, but he still nodded and said, "Okay."

He hurried to his office and saw Ian standing in front of his orchid, admiring it intently.

Money trees are not popular among Americans.

But it doesn't matter even if he is interested, Ian is not so bored as to pour boiling water on it.

"Hey, Ian, what brings you here?" Clement smiled and sat down in his seat.

Ian put his hands in his belt, didn't look back, just looked at the scenery outside the window.

He said calmly, "Come and buy those 3 points of Linuo Bank shares you have."

Clayson was stunned: "What did you say?"

Ian slowly turned around and stood opposite Clayson, saying indifferently, "Just as you heard."

Clayson shook his head slightly: "I have no plans to sell it at the moment."

Ian smiled. "Linuo Bank's profit last year was only 2.4 million, and its dividends were only 1.3 million. Considering that Linuo Bank's assets are now 25 billion, this return on investment is too low... With that money, what else could I do than open a bank?"

Bank of America's interest rate spread is still relatively large. With 40 billion in assets under management, the interest rate spread generated can theoretically exceed 10 billion in gross profit, not to mention various financial derivatives.

The problem is that part of the money has to be used as reserves, which makes it impossible to generate interest rate spreads, and the other part is operating costs.

These are fine, the key is the bad debts.

Once bad debts occur, the losses are huge.

Because of this, banks' profits vary greatly - when they are lucky, the interest rate spread alone can bring a net profit of 600 to 700 million yuan, but when they are unlucky, they will suffer huge losses.

Linuo Bank's earnings were mediocre last year, with an annual return of only 10% - the money Gaskell made from short selling had nothing to do with the bank.

A considerable part of the reason for this is that the United States is in an era of high interest rates.

When the benchmark interest rate is high, the operating costs and risks of enterprises will be greater, which will lower bank profits to a certain extent. But it doesn’t matter, because the United States will soon cut interest rates.

At this moment, Clayson replied: "But I can get a loan through Linuo. Real estate companies need loans."

Ian shook his head. "If your project is definitely profitable, you don't have to worry about not being able to borrow money. Besides, I'm already a shareholder of Linuo... I own 8%! Your 3% isn't enough influence."

Clayson looked at him in surprise, then he shook his head slightly: "Ian Karl, sometimes you have to consider personal relationships when doing business. I have been in Linuo for many years and I have many friends who are willing to support me! But you are different. You are like a barbarian. If you just barge in, they will not like you."

Ian smiled and lowered his head: "Barbarians are usually disliked, but sometimes barbarism is really effective!"

He took out a document and handed it to Kelesen: "Take a look at this."

Clayson took it and looked at it, his expression suddenly changed: "Fuck, where did you get this information?"

He looked at the photo in his hand in disbelief. It was a photo of a worker who had died half a year ago. The only difference was that he didn't die from falling, but from being stabbed with a knife.

This is not surprising, because when the incident happened, his people told him that there were signs of disguise at the scene, but Clayson still chose to handle it as an accident.

Because he didn't want his construction site to stop working because of this.

But he didn't expect that Ian would have this photo.

Ian just looked at him with contempt: "Someone died at your construction site, and the way you handled it was a bit sloppy. That kid named Bartram didn't die in an accident, he was murdered! And you hid important evidence!!! But unfortunately, you are now facing someone who is good at finding secrets..."

Clayson cried out, "I can't stop working. Do you know how much money I'll lose if I stop working for a day?"

"That has nothing to do with me." Ian sneered: "I only know that you are hiding a murder. If I let this thing out, you know the consequences!"

He looked at Clayson sympathetically and said, "I can buy your shares at 30 billion, which is already a very favorable price."

Clayson glared at Ian fiercely: "Acquiring a profitable company requires a premium."

No matter how little profit Linuo Bank made last year, it is still a profitable enterprise - not to mention that finance, like media, has a lot of hidden profits.

A bank may only make 10% profit in a year, but its hidden profits can exceed this figure.

In the future, a super bank like JPMorgan Chase, the most profitable and largest in the world, will only make less than 10% of its assets in a year, but the hidden profits will be unlimited, and the shareholders will all make a fortune!

For example, sky-high salaries, etc., legally reduce corporate profits - high-quality black-hearted companies generally control their own profits, and then transfer excess profits through various means.

Gaskell and Ian’s short selling is a manifestation of this hidden profit…the losses go to the company, and the profits are theirs.

"I gave it to you," Ian said with a smile.

"Too little!" "And these materials." Ian spread his hands: "This is also money."

Clayson roared, "This is extortion! This is blackmail! Ian Carr, you can't do business this way! It will make you enemies all over the world."

He was going to be mad at Ian.

This bastard, didn’t I just support changing the chairman?

I didn't offend him!
Ian said coldly: "If you are strong enough, those enemies will just stare at you."

It took a while for Clayson to calm himself down.

He knew how serious the consequences would be if this were exposed, so he could only say, "I have an application for a 300 million loan extension. You must ensure that it is approved."

Ian shook his head. "I can't guarantee that. It needs to be approved after a professional audit. As long as your business is operating properly, the bank won't refuse profits that are delivered to their doorstep."

"Fuck!" Clayson cursed, "You're going too far!"

Ian smiled. "I'm being very polite, buddy. Madoff alone made you all change your minds and sell me out, and yet I bought your shares at a premium. I really think I'm being very generous."

Clayson was speechless. "He gave us a very high interest rate. I didn't have to do anything. I just had to borrow money from Linuo Bank and give it to Madoff, and I could make a lot of money."

Ah!
Everyone plays this way, but poison is always a beautiful temptation!

Ian sneered: "Then continue to make his money, I won't stop you."

Clayson understood: "You are taking revenge on us, right?"

Ian smiled: "As you said, doing business also requires friendship."

As he spoke, he moved closer to Clayson and said coldly, "And it's clear that there isn't much friendship between you and me."

------

"Fuck! Fuck! Fuck! You can't do this to me, Ian Carr!"

In the headquarters office of Linuo Bank.

The new chairman, Brad, looked at Ian in shock: "We are friends. I even treated you to dinner!"

Sitting across from Brad, Ian said calmly, "It was you and Madoff who tried to deal with me and stabbed me in the back."

"Even if your business is doing well, we can't lend you unlimited money!" Brad felt a little guilty.

boom!
Ian slammed the table and yelled at the old man in front of him, "But you know I'm making money! You know I have the ability to repay! You know my business is constantly appreciating in value as collateral! You rejected a business that could help you make money! Others only throw stones when they're in a well, but I haven't even fallen into the well yet, and you're pushing me in!"

He pointed at Brad and shouted, "You almost got me killed! You damn bastard!"

Brad felt a little guilty and shook his head repeatedly: "This is all business."

Ian suppressed his anger a little.

A businessman’s emotions are also a performance, which can be released or restrained.

He spread his hands and said, "If you want to talk about friendship, I can talk to you, but if you want to talk about business, then we are talking about business now. I can give you a good price. I will calculate it based on the market value of 30 billion. You give me all your shares. However, I am short of cash, so I will borrow some money from Linuo. Do I need to hold a board meeting to approve it?"

Brad was speechless: "You borrowed my money to buy my company!"

Ian shook his head: "No, that's not your money, it's all the users' money."

Brad said angrily, "Even if you control Linuo, you can't withdraw money without restriction or scrutiny. You still have to act according to the law. As the owner of a bank, you are not without restrictions."

Ian laughed and said, "I won't be the boss of a bank."

Brad was stunned.

Ian said directly, "Gaskell is still the chairman, and I'm just a pure shareholder. All loan processes will be legal and formal...it's just that Linuo Bank has a higher degree of trust in me."

"Fuck, this is my company, you can't let it disappear like this!" Brad roared.

Ian said coldly, "Not anymore. I'm a major shareholder now. If you don't agree, Gaskell and I will have the right to initiate a compulsory takeover! By then, it will no longer be 30 billion, but 20 billion, or even less! I can even bankrupt the company that borrowed money from you, and then you won't be able to get a single cent back, and you'll suffer huge losses next year! You know I can do it!"

Hearing this, Brad was finally speechless.

After a while, he nodded and said, "Okay, you win, Ian Karl! The bank belongs to you now, and you can withdraw funds from it at will. But I have to warn you, even if there are no restrictions, your actions may still cause you to collapse. You can't expand recklessly!"

Ian smiled: "Only if I lose."

“No one can avoid losing!”

"I won't deny that I might lose once or twice, but I will definitely be the winner in the end!"

(End of this chapter)