Soviet Godfather - v5 Chapter 233

“Return my money to me quickly. I want to take all my money away?”

“Guest, you are dealing with a regular savings business. If you withdraw cash in advance, you will lose a lot of interest…”

“I don’t care, I’d rather not want the interest to ask for my money, and quickly return my money to me…”

…

Since last night, the news has successively reported the debt relationship between Union Bank of Japan and Seibu Group, and the latest research report with muddy waters issued a serious warning about the bad debt problem of Union Bank of Japan. Early the next morning, The door of Union Bank of Tokyo was crowded with customers who came to withdraw money. As soon as the stock market opened that day, the stock price of United Bank of Japan hit its limit.

Muddy Water’s research report has become Japan’s short-selling guide after the Seibu Group incident. As long as the companies that Muddy Water pays attention to, they have been sold short by mysterious institutions without exception. However, the Muddy Waters report only emphasized the debt problems and financial fraud problems of their research objects, which were researched through public information. And Muddy Waters is a foreign company, and Japanese regulators have no right to shut up the Swiss company.

Now the whole of Japan knows that the Union Bank of Japan has lent a 400 billion yen loan to the Seibu Group. Whether this loan can be repaid has left many investors wondering. After all, this is one-fifth of the total assets of the United Bank of Japan. Once the loan cannot be recovered, the Bank of Japan must go bankrupt.

It is precisely because of the close relationship between the United Bank of Japan and the Seibu Group that the debt crisis of the Seibu Group triggered a run on the United Bank of Japan. As a bank with business outlets all over the Japanese archipelago, there are long lines in front of the major business outlets of the United Bank of Japan, and many workers even took a special leave to go to the United Bank of Japan to take the money away. It is not easy for everyone to make money. If the United Bank of Japan really goes bankrupt, many families will lose all their life savings.

Unprepared, some of the smaller branches of the Union Bank of Japan quickly ran out of cash, and calls to the headquarters for help were made from all over the country to Tokyo. The board of directors of the Union Bank of Japan urgently convened a meeting to discuss ways to resolve the run. Faced with the nationwide run wave, the Union Bank of Japan was simply unable to resolve it. At the end of the meeting, everyone came up with two solutions. One was to get back the loan from Seibu Group in advance to supplement the bank’s liquidity, and the second was to ask other banks for help, preferring to pay more interest for short-term borrowing from other banks. Part of the funds cannot be kept from the depositors standing in front of the counter. It is still only the first wave of runs. If the Union Bank of Japan fails to pay, more depositors will be willing to join the run.

After the meeting, the president of the Union Bank of Japan simply went to the hospital to see Tsui Yoshiaki who was ill. But when he arrived here, Tsui Yoshiaki’s ward was already full of presidents and executives of major Japanese banks.

Trading in Seibu Group’s stock has been suspended for a week, and Tsui Yoshiaki’s net worth has shrunk by nearly a third. However, the Seibu Group has not announced any effective measures to restore its share price. The Seibu Group’s liabilities have exceeded the company’s net assets, and the banks that lend money to the Seibu Group have long since regretted it. What if they are afraid that the Seibu Group really goes bankrupt?

Listening to the sighing voice outside the ward, Tsui Yoshiaki felt very upset. He was almost a leader of the Japanese business community in the past few years. He did not expect that he would be blocked by the bank at the door to collect debts when he was old. It is said that banks borrow umbrellas on sunny days and close umbrellas on rainy days. This time, Tsui Yoshiaki thoroughly felt the warmth of humanity and the coldness of the world. At this moment, he knew that as long as he could not repay the loans from these banks, the bank would never let him go. .

Seeing that he couldn’t hold on any longer, Tsui Yoshiaki could only get up from the hospital bed and change into formal clothes. After all, he is in his sixties, and has just gotten sick again. Di Yoshiaki left his ward and walked out the door forcibly enduring his physical discomfort.

As soon as Tsui Yoshiaki walked out of the room, the bank presidents waiting outside the door squeezed in and talked about repaying the loan with Tsuyoshi Yoshiaki. Tsui Yoshiaki raised a hand to signal everyone to be quiet. Although he is no longer the richest man in the world, Tsui Yoshiaki is still one of Japan’s richest tycoons. He still has to give it some face.

“Everyone, Sao An Wuzhao, I will not lose any of your loans, but now we at Seibu Group are also encountering a little difficulty. We should work together to overcome the difficulties, but your behavior makes me sad. Ah! Is it that just for such a loan, we discarded the friendship that we have enjoyed working together for many years? If you really care about this loan, I, Yoshiaki Tsutomu, will return the money to you even if you sell iron, but from then on I will not I will have any business dealings with you again…” Tsui Yoshiaki said softly and hardly, and first stabilized the situation on the scene. Then he took out a few documents from the secretary and threw them directly on the desk.

“Look, these are several properties of our Seibu Group located in Hokkaido. If any of you are so anxious to recover the loan, you can take it all. The money should be enough to repay your debt?” Tsuyoshi said contemptuously~ www.mtlnovel.com~ It’s like throwing bones to wild dogs. The bankers present, look at me and I look at you. No one is sure whether to take the money away or to overcome the difficulties with the Seibu Group.

At this moment, the anxious president of the Union Bank of Japan can no longer take care of his old friendship. They are different from the other banks here. Are depositors waiting at the door of their bank to ask for money? In case it can’t get the money, the Union Bank of Japan has to be smashed by depositors. He didn’t care about anything else. He walked forward and bowed deeply to Tsutsumi Yoshiaki, and then said: “President, our Union Bank of Japan has encountered a run on it. We can’t hold it anymore, so we had to take it back in advance. Loans, there is a total of 400 billion yen of credit between us and your company. We hope that your company can repay this money as soon as possible, otherwise we have to apply to the court to seize your company’s assets…”

“You dare to talk to me like this, you…” Tsui Yoshiaki pointed at the president of the Union Bank of Japan with a cane, raised his hand to hit, and everyone hurriedly dissuaded him. And the president of Japan and the bank, who had completely torn their faces, said to the presidents of other banks present: “We have all read the Muddy Waters report and know the current financial situation of the Seibu Group. We at the Union Bank of Japan because of Seibu The group was dragged down, but we are definitely not the only one. You guys, how much money did you lend to the Seibu Group, you know in your mind, I dare say that as long as we can’t get back the loan from the Seibu Group, the depositors will be one bank after another. Crazy withdrawals from banks, then the entire Japanese banking industry will be buried with the Seibu Group…)