Siheyuan (courtyard house): My name is Shazhu!
Chapter 368 Three Different Choices from Three Banks!
When the tabloid news broke, the general managers and board members of the three banks were furious. They were certain that someone from their own company had leaked the information.
The amount of cash a bank has is completely confidential at this time, and outsiders cannot possibly know it. It was one of our people who leaked the information about the loan recall yesterday.
We must find out which traitor is behind this. Give him some money and he'll say anything.
What can we do now? It's still a multi-billion dollar hole that we can't plug on our own, and it's even less likely that our family back home can.
Which bastard messed up our hometown like that, causing us all to suffer?
How can we get through this crisis? There's no hope between the bank and the loan customers; they're just watching us struggle and want a piece of the pie.
Asking them to provide financial guarantees seems like a good idea; it should be able to intimidate these depositors. We can think of other solutions later.
We tried to use our connections back home to talk to Boss Mai, but he wouldn't agree because the amount was too far off.
To their utter surprise, the people they contacted were completely useless; everyone was flatly rejected by Boss Mai.
If you want us to act as guarantors, one option is to bring the official documents from above, and the other is to remove me from my position and have you send someone to act as guarantor.
Boss Mai is very smart. You said you'd guarantee it, so you did. If something goes wrong, it'll be my huge burden. I'm too small to carry that burden.
I would rather resign and leave.
Unlike official documents, the blame isn't mine; I was just following orders, and any problems are none of my business!
These people are still very clear-headed!
These bank board members were also extremely influential; the official document arrived on the afternoon of the third day, and its contents were:
"Save Niufeng Bank; the other two can be abandoned. We have the capability to save Niuzha Bank."
After the document was released, Boss Mai felt that it wouldn't be a big problem to save just one Niufeng Bank, but it wouldn't be enough to save all three.
Niufeng Bank has 1.4 billion yuan in cash and 6.8 billion yuan in deposits. Three days ago, 470 million yuan was withdrawn, leaving a shortfall of less than 5 billion yuan.
Let their board members contribute 3.5 billion, and we'll guarantee the remaining 1.5 billion. That should be achievable.
Boss Mai told the board of directors of Niu Feng Bank about his plan, and the board members had no choice but to accept it.
They each have money, they just don't want to spend it. They could easily come up with 5 billion, let alone 3.5 billion.
Some robbers like to hand over money!
He Yuzhu overheard their plan and knew that it was impossible to bankrupt Niufeng Bank this time.
They underestimated the funds of their board members; over the decades, Niu Feng Bank had fattened them up considerably.
I have the money, I just don't want to spend it!
Let's wait until the financial guarantee from Niu Niu Ren comes out, and it wouldn't be bad to force the board members to come up with their money.
"Hey, your bank had an accident, is it related to our area? Tens of thousands of people gathered together, it was quite a sight. You have a large population."
"This is closely related to the problems at your national banks, and these three banks are indeed using depositors' money for other purposes."
In normal times, nothing happens, and like excessive loans, no one investigates. But now it's different; any spark will ignite them.
These are minor issues. At least the board members of Niu Feng Bank have money; they just don't want to spend their own money.
"It's the same old story. Even if they smooth things over, the number of depositors will drop significantly, which will have a huge impact on their business, and you can also get a share of the profits."
"Our company bank doesn't care about these depositors' savings. They've made enough money from gold and oil. Six or seven billion Hong Kong dollars is nothing to them."
"Aren't you still trading gold and oil domestically? You can still make a lot of money even with big drops and fluctuations!"
"We're doing it too, but each person invests only 20 million NiuNiu coins, with a leverage of five times. It's still hard to control, unlike before when the price increase was more stable."
"Practice slowly. Our investment department is using 5 billion US dollars to practice. Gold and oil will rise sharply, especially oil. It's good to have battles every few days."
"Build good relationships with your journalists in the Middle East, give them a little money on the front lines, and get news back from there if anything happens. News is always extremely important."
"I didn't expect this. I'll just say so when I get back. It's good to make money. Do you think the three banks here will run into trouble?"
"Definitely. Their reaction was too slow, especially closing down the stores, which was a terrible move. The depositors have been enraged and things have gotten serious. It's not surprising that they'll do something!"
Their board members are still used to being arrogant and conceited; it's part of your glorious tradition.
"It has nothing to do with me. I just want to be a traditional businessman and make more money."
"It's not up to standard yet."
"Learn slowly."
The three-day closure period ended on the second day, and the three banks reopened. Niu Feng Bank was relatively compliant, not refusing depositors withdrawals within the limit.
The withdrawal limit of 100 million for Niu Zha Bank suggests that its board members are raising funds in preparation for self-rescue.
Liru Bank directly announced that they had no money and would be taken over by the government or go bankrupt, acting like a dead pig that doesn't fear boiling water.
It's infuriating to look at. No wonder their ancestors came from the West Indian Ocean Company. It's a classic case of "what can you do about it?" robber logic!
They all deserve to be taught a lesson.
They'll storm the bank for the depositors, confront the treasury and board members, and threaten to exterminate their entire family if they dare not pay up!
"Kuang Biao, have someone investigate the family members of the board members of Liru Bank, and have the brothers in their hometowns investigate them thoroughly."
You need to be alive to spend the money you earn.
"I'll send someone."
He Yuzhu 'saw' that there were four board members in their bank, and he chuckled, "You'll have to pay the interest with your dog lives first."
The four people, who were still chatting and laughing and did not care at all, were suddenly lifted into the air one after another and crashed into the office glass in great fear.
The building isn't tall, just a five-story building. If you jump, you might not die.
He Yuzhu simply didn't want them to live any longer. They had such despicable faces, no different from their ancestors who were bandits.
Under the watchful eyes of everyone, the four men were slammed to the ground, their faces kissing the earth. Thanks to He Yuzhu's gravity, they were still alive.
He Yuzhu didn't kill them once; at least he struggled for a few minutes while unable to speak.
They died too easily; let them live three more minutes and enjoy the pain of those last three minutes!
The civilians besieging the bank paid no attention to the four men, whose faces were disfigured, convulsing, with flattened noses and faces, and who were spitting blood. They wanted to rush into the bank.
He Yuzhu helped out again, using the momentum of the crowd to charge towards the security guards. Instantly, the security guards fell to the ground or were forced back, and the crowd surged into the bank like a tidal wave.
The officers behind them were dumbfounded. Everything was fine just now, so why did they rush in all of a sudden? Should we go in too?
These people were disorganized; when they entered the bank, they only knew to look for money at the withdrawal counter, and they didn't actually have a single penny; it was all taken into the vault.
Finally, a knowledgeable person appeared and went to the vault, where the bank's money was also kept.
You need at least two keys to get to the vault. Look at the keyhole on the iron gate; the keys should be with the manager and the person in charge of the day or the vault administrator, respectively.
We don't know who it is, so we'll arrest them and ask them.
"The bank belongs to someone else, but my life is my own," a staff member explained in a minute.
In the context of manager and board member Harris, the manager is him, and Harris is the one lying on the ground in the dark gray suit.
The crowd surged out again to find Harris, and the police officers behind them were pushed and knocked over. If He Yuzhu hadn't protected them, a stampede would have occurred.
He Yuzhu had the key and the vault door was open; he didn't care about the rest.
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