272 Heavy Hammer Face! Washington Mutual Bank goes bankrupt! (Seeking monthly pass)(2/2)
At this time, Wang Guanxi also came to the headquarters of Heishang Investment Bank.
"Boss!" the horsemen shouted.
Wang Guanxi nodded and asked, "What's going on? Is the news of Washington Mutual Bank going bankrupt?"
"Boss, not yet," Wu Zhanhai said: "Now many securities companies in Hong Kong are shorting us, saying that black shirt investment banks are going bankrupt."
"Hong Tianwen, the grandson, revealed the news that we shorted Washington Mutual Bank."
"Son of a bitch!"
"Of course Cao"
Wang Guanxi shook his head; "Just a group of clowns jumping, just wait."
"Yes, boss" everyone was a little uneasy and nervous, but more of it was behavior.
Time flies, and a huge news is coming.
[Washington Mutual Bank goes bankrupt!]
According to the Savings Agency Supervision Bureau: Washington Mutual Company’s clients have withdrawn $16.7 billion in account deposits, putting the Seattle-based bank in an “unhealthy” situation and becoming the largest bank to collapse in U.S. history!
As the largest bank failure in the United States in history, Washington Mutual Bank involved $307 billion in assets.
Washington Mutual Bank is the latest victim of the U.S. financial crisis. Before that, Bear Stearns Bank was acquired by ****, Merrill Lynch Investment Bank was acquired by Bank of America, Indymacorp went bankrupt, and Lehman Brothers had also filed for bankruptcy protection.
In most bank failures, shareholders end up having almost nothing.
And David Bonderman's Texas Pacific Group Corporation (tpg inc.) led the investment of $7 billion in Washington Mutual Bank earlier this year, which may be lost!
Big news!
Big news!
Wu Zhanhai, Lu Jianyan and others were extremely excited!
Blackshirt Investment Bank shorted 120 million shares of Washington Mutual Bank. Now that Washington Mutual Bank is insolvent, you can imagine what will happen?
The stock price will fall into shit!
Wu Zhanhai said excitedly: "Boss, I don't know how many people are going to be at Washington Mutual Bank tonight."
They have long shorted Washington Mutual Bank. Now that the bank has gone bankrupt, it can harvest the fruits, and those who used to be rivals with Blackshirt Investment Bank will be finished.
Lu Jianyan also said: "This time, the Indian Industrial Trust and Investment Bank will lose all their money by joining the Financial Group, haha!"
The 1.2 shares of Washington Mutual Bank shorted by Blackshirt Investment Bank were borrowed from Jiehao Financial Group. Now, Hong Tianwen, who is Jiehao Financial Group, cannot close the position at all, because he can only close the position after Blackshirt Investment Bank closes the position.
The Indian Industrial Trust Investment Bank, because it came to block the Black Shirt Investment Bank, had to lose all its money this time.
I feel excited when I think about it.
Wang Guanxi smiled: "Just wait to get the financial group done, India's Industrial Trust and Investment Bank have lost all its money."
Hong Tianwen, who is from Jie Hao Financial Group, has been against Hei Shirt Insurance Company for a long time, and this time he finally sent Jie Hao Financial Group to hell.
Jiehao Financial Group is the core of the Hong family alliance. Now Jiehao Financial Group has lost all its money at Washington Mutual Bank, which will completely collapse the entire Hong family alliance!
Then it will be the time for Wang Guanxi to come out to harvest.
Blackshirt Investment Bank: [Wall Street hits Washington Mutual Bank to go bankrupt!]
Federal regulators have taken over Washington Mutual Bank and sold part of its business to Morgan Bank.
Founded in 1889, Washington Mutual Bank was unable to bear the burden of the subprime mortgage crisis and finally became the protagonist of the largest bank bankruptcy case in American history on the 119th anniversary of its establishment.
Standard Chartered Bank: The bank's bankruptcy was not unexpected. The bank suffered heavy losses in the subprime mortgage crisis, and the credit rating agency Standard & Poor's lowered its credit rating on the 24th. Since Lehman Brothers, the fourth largest investment bank in the United States filed for bankruptcy protection on the 15th, and Merrill Lynch, the third largest investment bank in the United States, was acquired by Bank of America, Washington Mutual Bank has been eager to find buyers or new funds.
The U.S. Savings Administration said on the 24th that since September 15, Washington Mutual Bank has withdrawn $16.7 billion in deposits, leaving it without sufficient liquidity to repay its debts and unable to conduct business.
The Federal Savings Insurance Company, which took over Washington Mutual Bank, sold the bank's deposit operations and branches to **** for $1.9 billion.
China Merchants Securities: The transaction will not have any impact on depositors and other customers of Washington Mutual Bank, nor will it need to use the company's deposit insurance fund, thus eliminating previous doubts that the bankruptcy of Washington Mutual Bank will exhaust the deposit insurance fund.
Bank of Communications Securities: Through the acquisition, Morgan Bank will acquire 5,400 branches of Washington Mutual Bank in 23 U.S. states. **** said the acquisition will increase its earnings per share by 50 cents in 2009.
Ping An Group: Morgan Bank has benefited from a deal to acquire Washington Mutual Bank, but the largest bank failure in U.S. history has made the already turbulent financial markets even more tense.
Bank of East Asia: Washington Mutual Bank's collapse reminds people that the worst financial crisis in decades continues
···
The bankruptcy of Washington Mutual Bank has caused the securities that were previously targeting Blackshirt Investment Bank to lose their voices!
My face was swollen.
Stock Bar, the waters of black-shirt investment banks in the forum have begun to show their power.
"Black shirt investment bank crushes all local brokerages in Hong Kong"
"Junk Dafu Securities, get a good financial group..."
"Didn't you say that Black-shirt investment bank is running wildly before?"
"Getting together financial groups, Dafu Securities will go bankrupt due to Washington Mutual Bank's bankruptcy"
“Didn’t it be said before that Washington Mutual Bank is the burial place for Blackshirt Investment Bank?”
··
This time, the credibility of Black Shirt Investment Bank has increased greatly!
The credibility of Imperial Bank of India, Indian Industrial Trust Investment Bank, Daoheng Securities Company, Lyon Securities Company, Minghui International Securities Company, Jiehao Group Group, Dafu Securities Company, and New World Insurance Company has greatly reduced!
··
Dafu Securities Company, Lin Yongfu looked pale and powerless, and couldn't help but sigh: "Oh, this Washington Mutual Bank was established in 1889, and it has been 119 years. I didn't expect it to be able to withstand the impact of the financial crisis."
This time, Washington Mutual Bank has gone bankrupt. The US stock market opened tonight, and the share price of Washington Mutual Bank has fallen into waste paper.
Blackshirt Investment Bank shorted 120 million shares of Washington Mutual Bank, and built a position at $3.00 per share, which would make a big profit, so I don’t know how much I can make.
At this moment, Hong Tianwen was so scared that he was scattered, his face was pale, and his back was sweating like a spring of water.
"It's over, it's over, I, Hong Tianwen, are finished."
"God, it's so unfair"
"Why are Bear Stearns Bank and Merrill Lynch all acquired at a premium, and Lehman Brothers, Washington Mutual Bank all went bankrupt!"
"Why!!"
"Ah!!!" Hong Tianwen gritted his teeth tightly, clenched his fist and punched the floor-to-ceiling window!
Bang!
With a huge impact, a severe pain came from the bones of the hand, but it still couldn't relieve the severe pain in the heart!
Jie Hao Financial Group is completely ruined, and he is deeply in debt and will go bankrupt!
"It's all over"
"Oh" Hong Tianwen sat at the president's table in a daze, with his head hanging down and wondering what he was thinking.
He wanted to call the Blackshirt Investment Bank and everyone settled at a certain price, but he knew it was useless.
At this moment, Sandep Batra, an Indian Industrial Trust Investment Bank, just woke up from a nightmare and was sweating profusely!
He wiped his sweat, and always felt something bad would happen, so he opened the news and read it!
Washington Mutual Bank negotiations failed and declared bankruptcy!
Suddenly he was completely stunned and his head was short-circuited!
"No!"
"No!!"
"This is impossible!"
His face was extremely pale!
This time, the Indian Industrial Trust Investment Bank has made 120 million shares of Washington Mutual Bank, with a position of 3.00, and this time it will lose all its money!
"Parastic!"
"Black shirt investment bank!"
Aeon Credit Company, Yuan Kang was so desperate that he was so scared that he was sweating. If he had finished speaking, the financial group would be finished, then Aeon Credit Company would be finished.
Huang Zhida of Xinhe Hotel Group was silent.
Huang Zhiyu of Xinhe Real Estate Group sighed!
Zheng Yuanfeng of New World Development Group was furious and threw the teacup to the ground.
Luo family, Luo Baowen cried with red eyes.
Washington Mutual Bank went bankrupt, and then Zhenhao Financial Group was finished. Zhenhao Financial Group was finished. The Luo family had no hope of being rescued and was completely finished.
Chapter completed!