Reborn Capital Madman
Chapter 1028 Naturally someone else will take the risk
In the process of listening to John Craven's report, after it was confirmed that the British government, through this large-scale sale of BP shares, would no longer be the largest shareholder of BP, and would even further withdraw from the ranks of BP shareholders,
A knowing smile appeared on Gao Xian's face, because the real opportunity for the Kuwait Investment Authority to seek control of BP had finally arrived.
No matter whether this secret plan is successful in the end, Gao Yi will definitely make money through various transactions such as buying and selling.
"It is very necessary for Morgan Grenfell to improve its relationship with the British government by underwriting BP shares. Both Gaoyi and Deutsche Bank will definitely support your work." Sir Gao made his position clear and promised that he would
Personally contact the big bosses of Deutsche Bank such as Alfred Herrhausen, and work together to ensure that John Craven takes office as a new official after joining Morgan Grenfell.
"Then how much share of Morgan Grenfell's underwriting can we achieve the optimal balance between government relations, market risks, and commercial returns?" Potential compensation or compensation counterclaim risks for the injured parties in the Guinness trading scandal
, all make Morgan Grenfell sleepless now. John Craven, who is well aware that Morgan Grenfell's own capital is really limited, must be more concerned about the commitment of specific figures.
One thing to say is that the current situation of Morgan Grenfell cannot be changed quickly with the appointment of new CEO John Craven.
It is true that Morgan Grenfell's most successful asset management business manages approximately US$20 billion in assets, but those are the assets of clients such as the royal family, and Morgan Grenfell only earns commissions.
As for the mergers and acquisitions business, which is in the limelight and has also caused disasters such as the Guinness trading scandal, it is also earning commissions to a large extent. If its own capital is really sufficient, it will not resort to such crazy methods as manipulating the Guinness stock price.
Recruitment, to put it bluntly, I don’t have enough money, so I have to recruit people. The more people participate, the chance of being exposed will definitely increase!
"Morgan Grenfell will definitely be able to sell the billion-pound BP stock, and it will guarantee a small profit." Gao Xian thought for a while, "In this way, I will introduce you to a consultant from Gao Yi."
Having said this, Gao Xian warned very seriously, "You must pay attention to everything related to this network of resources and keep a low profile."
John Craven immediately understood that the person Sir Gao mentioned must have a great background and a special background. When he heard Neil Bush's name and information, his guess was confirmed.
The Savings and Loan sector in the U.S. banking world is currently in crisis and is almost in a terrible state. Anyway, it suits Wall Street’s self-centered desires, and Neil Bush serves as a director of the Silverado Savings and Loan Bank in Denver.
It caused such a scandal that even his father, US Vice President George H.W. Bush, became passive.
After Gao Xian fished out Neil Bush, he arranged for him to go to London to do so-called consulting related to British banks and Middle East oil. The effect of helping the Bush family avoid the limelight in the United States was incredible.
Following Sir Gao's instructions, John Craven found Neil Bush and directly stated his intention. Morgan Grenfell was going to underwrite part of the British Petroleum shares held by the British government. Your customer relationship there may be able to
How much to buy?
Neil Bush replied with a smile, if the price is right, one billion dollars is not a problem.
John Craven was greatly surprised. What kind of customer had such a good appetite?
Neil Bush pretended to be profound and answered that the wealthy people in the Middle East have so much money that they worry about how to invest it. What's more, the oil industry is their source of wealth, so it is natural for them to be interested in BP.
Naturally, John Craven didn't give it in vain. He vaguely sensed that there might be factors other than commercial interests in it, so he tentatively said, there won't be any other troubles. Morgan Grenfell can't stand the trouble now, and he still hopes to do a good job.
Helping the British government underwrite the British Petroleum stock deal to improve relations with the government.
Neil Bush's face was full of indifference. What's there to worry about at Morgan Stanley? Don't you know what you call other troubles now? Who are those BP stocks sold to, not sold? Where do other customers buy them from?
?
John Craven suddenly woke up, right? Why am I asking so much out of curiosity? Finding someone willing to take over is no better than anything else. If something happens by then, I don’t know about it.
Love!
At this time, Neil Bush added leisurely, if something happens that dissatisfies the government, just blame the mistake on the securities trading department. I heard that Morgan Grenfell's securities business is not very good, so I have an excuse.
By laying off hundreds of employees, Morgan Grenfell's profitability will be greatly enhanced, and it will definitely be able to be sold at a good price...
John Craven was so frightened that he waved his hands repeatedly. It seemed that the prince knew quite a lot, but he couldn't say it casually so early!
In short, since Neil Bush has guaranteed that the tycoons in the Middle East on his side have an appetite of at least one billion US dollars, then the potential risks of Morgan Grenfell helping the British government to underwrite BP stocks can be controlled.
.
Next, John Craven visited Deutsche Bank again, and he became more and more aware.
After such intensive arrangements, John Craven confidently visited British Chancellor of the Exchequer Nigel Lawson again and sincerely stated that if the government's offer was in line with market conditions, Morgan Grenfell was willing to underwrite a billion-dollar
British Petroleum shares in pounds sterling, and depending on the specific situation, may increase some more. As for commissions, Morgan Grenfell just wants to keep the securities business department break-even on this operation.
To put it bluntly, Morgan Grenfell ensures that this transaction will add a beautiful political achievement to the British government and help canvass votes. As for whether the British government will use Morgan Grenfell as a template to ask other investment banks to follow suit.
Morgan Grenfell didn't care if similar conditions were imposed. Anyway, in order to improve the relationship between the government and the government, they knelt down and licked it.
Ger Lawson's expression completely softened, and he no longer had the attitude of trying to pick on Morgan Grenfell. He complimented him casually. Morgan Grenfell had a new management. It was indeed different. It was still John Craven.
Good leadership, and so on.
Now that No. 10 Downing Street no longer dislikes Morgan Grenfell, as a logical step, the Bank of England, the central bank of England, will no longer find fault with Morgan Grenfell.
The current Bank of England is under the control of the British government. It has no so-called independence, including interest rates, and does not listen to the government's orders. To a large extent, its mood has changed with that of Downing Street No. 10.
John Craven followed the snake and started to wonder whether Morgan Grenfell should find a way to regain his seat on the Board of Governors of the Bank of England. After all, this can be regarded as a bargaining chip when Morgan Grenfell sells himself to Deutsche Bank in the future.
When the time comes, you will have more benefits to gain.
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