Contini's cold tone sounded: "I am very sorry for the rumors that the market speculates on the credit issues of our group. However, I can understand the motivations and objective reasons behind it. Compared with the United States and the United Kingdom, the Italian banking industry actually started very early. How early did it be? I studied history and found that the construction of the modern banking industry began in the European Renaissance, leading the world for many years. However, the problems are exactly the same as before, many, small, scattered, chaotic, and poor. This is because Italy has a long-term small state and has not formed a unified market. The lira exchange rate has always been very unstable. Driven by multiple factors, the banking industry is always worried about the credit issues."

This sentence makes people a little confused. Is the President specifically understanding the banking industry's behavior of forcing the palace and finding academic reasons?

Soon they knew that they were wrong, and the president was still the same president, and a fierce counterattack came unexpectedly.

"This status quo does not match Italy's mission to achieve the great national rejuvenation, the ambition to build a new Roman Empire, and the United Group's determination to become bigger and stronger. The Group will be committed to changing this situation in the future:

"First, for banks with small scale and weak risk resistance, including Rome City Bank, Milan Local Bank, Venice City Bank, Italian Second National Bank, and Genoa Commercial Bank..." Contini reported a long list, all of which were the first banks to receive loans or refuse to transfer loans. "The Group understands their difficulties and decided to stop the accounts of the above-mentioned banks from today. If a supplier opens an account at the above-mentioned bank, please adjust the main sponsor bank immediately, otherwise the funds cannot be guaranteed to be transferred in time. We must consider the safety of customers' funds..."

The reporters were in an uproar.

"Secondly, given the poor credit system and insufficient risk resistance, the Group requires all employees and their families to withdraw their deposits from the above-mentioned banks immediately in order to preserve the principal. If there is any interest loss, the Group will bear it to the fullest within 10 days and will not be subsidized within the deadline;

Third, it is recommended that the Ministry of Finance and the central bank check the above-mentioned banks to check whether their capital is sufficient, check whether there are difficulties in their normal operations, and whether they need to be closed down and rectified to avoid the impact of the Italian financial crisis;

Fourth, for banks that raise loan interest rates due to monetary indentation…”

Contini reported another string of names, "The Group decided to repay the loans in advance. The comprehensive interest rate of the loans we obtained in the United States is only 5%, while the Italian interest rate generally exceeds 7% and is constantly on the rise. This is an abnormal market trend. Companies with strength like United Group should have received more favorable treatment, but the result has become like this. It can be seen how difficult it is for other Italian small and medium-sized enterprises to survive. We will not compete with small and medium-sized enterprises for financing channels and give them all. The Group will issue corporate bonds at the appropriate time and arrange its subsidiaries to go public in New York to absorb more direct financing."

Once this war bomb was put down, the whole scene was shocked. Everyone knew that this was United Group and these banks that "delivered umbrellas on sunny days and collected umbrellas on rainy days". Didn't you say that the credit funds were tight and you had to be taken back? United Group recognized your reasons, but in turn they also believed that you had poor risk resistance, so employees, families and partners should not open an account again. In other words, United Group issued a run order!

With this background, now the United Group calls for a run, and the Ministry of Finance and the Central Bank will only think that it cannot be seen, otherwise Contini will be unable to withstand the Ministry of Finance.

After announcing these articles, he didn't wait for the reporter to ask questions and said to himself: "Everyone, I'm sorry, I just came back from the United States and recovered from illness. The doctor told me to continue to pay attention to rest. I can't answer questions at the press conference today."

"The press conference ends here. Please pay attention to the next notice of our group." The spokesperson ignored the commotion of the reporters and asked Antonio to answer a few questions quickly and announced the end.

The next day, all newspapers published the full text of the United Group's statement, and even had a sensational title: United Group declared war on some banks!

It is easy to understand that it is declared without declaring war. After the suppliers who received the check and fully cashed in receive the funds, they immediately confirmed that United Group is still the United Group, domineering, rich and willful! Since this is the case, it is not allowed to use these bank accounts to cancel the account. It is said that it cannot be guaranteed to be transferred to it, but isn’t it a warning to interrupt business relationships? If you don’t do it as you please, I’m afraid that United Group’s business will not be done in the future. Between business and accounts, everyone can recognize the situation.

While the company was constantly canceling accounts, United Group employees also lined up to withdraw money in several key banks, and told everyone that these banks had a risk of bankruptcy. One by one, ten, ten, and ten, and the news quickly spread to citizens who did not know the truth. Everyone was rushing to queue up to withdraw money.

After receiving the news, the bankers knew it was broken. In the afternoon, people kept calling to plead for mercy, but Zacharia and Leo's answers were the same: the president was not feeling well and went to the beach villa to recuperate. If there was anything, I would wait until his illness was cured.

It was clear to call Antonio. Antonio was easy to talk to, and he wanted to take back the statement? Yes! The amount collected was twice as long as 4.8% interest, and the term was 5 years. Otherwise, you know that the young master's temper would not be able to be able to satisfy his temper. The Socialist Party who dared to do this before has already been corpse on the streets.

An interest rate of 4.8%? This is impossible! Why is Italy's interest rate higher than that of the United States? It is not because Italy is really short of money, but because Italy's monetary system is unstable and generally depreciates, so we need to raise the loan interest rate to hedge risks. Now, it is directly based on the interest rate of 4.8%, and it is also required to 2 times for 5 years. These banks are basically serving the United Group for free, which is even more impossible.

So the bankers found a way out, some went out to find familiar government officials, some went to Fiat, who incited them to make trouble, and some planned to find friendly banks to borrow money to overcome the difficulties, which generally meant to take it. But they never expected that just when they were looking for relationships, the Chancellor of the Finance Minister and the Governor of the Central Bank were called to the office by Mussolini to speak:

"These broken banks are lawless. United Group dares to slap those credits in the face. Several of the credits are guaranteed by the government's credit. In their eyes, government credit is so worthless? Now, slap Calais in the face. Will you come and slap me in the face in two days?" Mussolini said angrily, "The United Group has named the bank, the Ministry of Finance and the Central Bank are not allowed to control it! At the same time, we must warn other commercial banks not to lend funds to them!"

"But in this way, these banks will go bankrupt... and will cause greater shock waves, which will be detrimental to the government."

"It won't go bankrupt!" Mussolini waved impatiently, "At the time, the United Group will acquire them in a unified manner to form the United Bank! The interests of depositors can be guaranteed. Calais and I are angry and will reserve 25% of the shares for the government in the new United Bank."

"But we don't have the money to invest."

"No money?" Mussolini smiled, "You don't have to worry about it. United Group is very considerate of the government, selling some land, selling some mines, selling some army, navy and army scrap steel, and selling some concessions. The money will come out, and we don't have to actually pay a lira."

"Scrap steel from the Army and Navy?" The Minister of Finance and the Governor of the Central Bank looked dark. Is there such a title?

For Mussolini, this title is normal. The last time the Navy scrap steel was sold successfully: the seller was satisfied, the middleman was satisfied, and the buyer was also satisfied. A certain Marshal Zhang from the Far East (see the content of the Weixin official account 'Yueying Wutong' for details) was very good. After the Naples arrived in August, the first time he took a 10,000-ton ironclad ship to command the attack. When two 305mm and 12 203mm guns were fired, those small southern sampans did not dare to compete with them at all. The positions of the Southern Army were sluggish, and the morale of the Northern Army's ground troops rose sharply, and they rushed into the pass with one go... (Uh, I can't write more)

Then I was preparing to refute the army's scrap steel, such outdated Renault F17 tanks, the early 3000 tanks produced by Fiat, the Austro-Hungarian and German miscellaneous artillery, armored cars, messy rifles and machine guns captured in the first battle can all be included in the ranks. Of course, the g98, mp-18, and the French Miss 75 will not be handed over. Isn't it pleasant to keep the volunteers for military use?

With Mussolini's request, the Ministry of Finance and the Central Bank knew it. The two of them were even ready to warn other banking systems that were ready to speak out or provide help. Are you confused? Don't you see whose world is now? Do you want to fight against the United Group? The lessons of the Socialist Party are not profound enough? Believe it or not to let you "take a land plane" tonight? Besides, Ziano has brought so much money from the United States at once, and he is not afraid of being soft and hard. What kind of illusion is the banking industry that they can challenge the United Group?

After seeing off the two, Mussolini walked around the office with satisfaction, then opened the safe and touched the cowhide suitcase. This was the "local specialty" that Contini brought him from New York. Yesterday at noon, Contini went to Mussolini to report his work, and then respectfully gave the leader 20 New York standard gold bars with a purity of 99.9999% (1 troy ounce = 31.1 grams), as well as two sets of women's diamond jewelry, necklaces, earrings, and rings, which were all valuable at first glance. He told Mussolini clearly that Rachel (the genuine lady of Mussolini, the mother of Ada) had given a exactly the same set in Mussolini's name, and brought it to him by Ada.

Who are the remaining two sets for? Mussolini would smile at the time and pat Contini on the shoulder, saying that the young man had a future and was considerate enough (he also knew about the villa on the beach and the flower farm). He said that Ada was very satisfied after returning and was very happy that he owed Contini a favor.
Chapter completed!