King Of War: Starting with Arms Dealer Chapter 1903: 1580: Banking Crisis

Capítulo 1903: Chapter 1580: Banking Crisis

It might be that they haven’t spent much ti together, Joe Ga is exceedingly fond of Isabel…

In contrast to the disliked Igor, the lively Isabel is much more adorable.

This two-year-old girl, ever since eting up with her father, hasn’t left his sight.

Taking the little girl to experience the captain’s feel, Joe Ga held her and walked to the back rest area of the yacht, fitted her with a little duck swim ring, and let her play in the pool.

Albert II approached Joe Ga with two glasses of champagne, watching the happily splashing Isabel, he said with a smile, “A very cute child; Briella was also this lively when she was young…”

Joe Ga took a glass of champagne, frowned at Albert II who was deliberately looking for a topic and said, “If you have sothing to say, just spit it out, I can’t guarantee I’ll be able to help…”

Facing Joe Ga’s sowhat harsh attitude, Albert II was not angry, he raised his glass and clinked with Joe Ga’s, saying, “Recently the euro has depreciated, banks within the Europe Division are facing so issues.

Our losses are still bearable…”

Joe Ga scoffed and said, “Straddling banks, facing a financial crisis, are destined for a bad ending.

What’s your point?”

Albert II sighed and said, “Recently Credit Suisse and UBS have had so negative news, and many major clients of the Monaco Investnt Bank are shifting their funds to Arica, our reserves are a bit insufficient, I’m a bit worried…

I know you have so big business in Ukraine, if possible, I can take on so deposits here…”

Joe Ga stared at Albert II and said, “That’s money laundering, that’s illegal!”

Then Joe Ga patted his forehead and said, “Why am I discussing this with a guy who runs a casino?”

Albert II wasn’t angry at the sarcasm, he pondered for a while and said, “I need funds, France has had severe internal conflicts this past year, the economic downturn along with immigration issues are causing an expansion in the unrest.

I know you have a substantial amount of funds, I’d like you to place those funds in Monaco.”

Joe Ga looked incredulously at Albert and said, “You’re fucking trying to borrow money from to bottom out in France…

You’re out of your mind, what makes you think France’s economy has bottod out now?

I can responsibly tell you, it’s still a long way off!”

Albert II decisively shook his head and said, “No, what I an is, I need to increase risk resistance capability, I need adequate cash reserves!”

Joe Ga heard this and frowned, “Is the situation that bad?”

Albert II nodded gravely and said, “Certainly worse than you think, it’s not just France, the entire Europe is actually very dangerous.

Currency depreciation hasn’t brought enough foreign trade orders, instead, inflation has led to severe social issues.

You must have noticed the recent riots in France, these riots will likely beco routine for Europe…

I have to be responsible for the citizens of Monaco!”

Joe Ga looked at Albert II with a ghostly appearance of worrying about the nation and its people, squinting and thinking, then said, “A guy who runs a casino shouldn’t appear worrying about the nation and its people.

If you say your cash flow is insufficient, the funding gap must be substantial…

I haven’t heard any negative news about the Bank of Monaco, client funds escaping to Arica isn’t the sa as escaping from your bank…

Tell , are you eyeing so lucrative business?”

Then Joe Ga thought about it and said, “You just ntioned Credit Suisse and UBS, hmm, have these two faced issues and thus want to offload assets to raise funds for self-rescue?”

Albert II froze for a mont and helplessly spread his hands saying, “That’s confidential, you must not spread it around, I will never admit it.”

Joe Ga heard it and exclaid, “Switzerland’s banks actually have issues, the outside didn’t get the slightest wind.

Is it an internal problem or external impact?

FUCK, the Shah allegedly just invested $1.5 billion, acquiring a 10% stake in Credit Suisse, Qatar is the second major shareholder, occupying 5% of shares.

Is this motherfucker a pig slaughtering plate?”

Albert II nodded slightly and said, “Credit Suisse lost 5 billion Swiss francs last year in Bill Huang’s company, the Shah should have audited Credit Suisse’s accounts, but they didn’t find anything…

This indeed might be a trap, though it’s probably not solely for that dozen billion dollars.

Because these equity investnts aren’t the main point, the real trouble lies in Credit Suisse issuing over 180 billion euros of bank bonds.

Now these bonds can’t be repaid, causing very severe issues.

Bringing in the Shah’s funds might be Credit Suisse’s only chance for self-preservation.

Credit Suisse’s investnts have been seriously losing money over the past few years, this year’s euro depreciation has worsened losses, if they can use equity to persuade the Shah to invest more, there’s a glimr of hope.”

Joe Ga nodded slightly, that kind of century-old giant Credit Suisse sounds mighty, but its actual market value is far less than outsiders imagine…

They only hold a vast amount of funds, yet those are ‘debts’, once their profitability declines, those ‘debts’ will co to squeeze them, which is why many banks in Europe and Arica have financial problems…

They must create a thriving appearance to retain custor funds, for which sotis they open up incredibly amazing terms, conducting seemingly aggressive investnts.

European and Arican banks look particularly fragile when encountering systemic risks.

That’s why the ‘risk managent departnt’ is the most crucial departnt for European and Arican banks.

Without top-notch risk managent, straddling banks can make a lot of money when economic conditions are good, but high risks from this model will explode when economic conditions are bad.

Looking at Albert II with a face full of expectations, Joe Ga frowned and said, “What do you want from Credit Suisse?”

Albert II shrugged and said, “Of course the debt?

Especially so debts from Africa with national credit backing.

Credit Suisse will transfer these debts at very low prices for self-saving, as long as obtained, it’s a profit.”

Joe Ga understood completely, Albert II is trying to take advantage of Credit Suisse’s financial need to buy their ‘assets’ at low prices.

Seeing Albert II with a face full of joy, Joe Ga shook his head and said, “Credit Suisse’s biggest investnt is US debt, what price have they offered you?

If it’s cheap, I can invest a portion for you…”

Albert II froze for a mont and said, “Indeed, nothing escapes you…

This is a big deal, I’ll contact you once my consultant gives precise feedback.”

Once the core profit point was highlighted, Albert II’s attitude changed…

Because he’s holding onto the channel, previously looking for Joe Ga for funding, though the offered interest might be high, it’s not nearly as high as the profits from acquiring US debt from Credit Suisse.

High guarantees of returns in plain sight an he must share more profit with Joe Ga, it’s not an annual rate of 8~10%, without half the returns, this money can’t even be borrowed.

This is the standard business ethos, leveraging information advantage to secure higher profits, from many’s perspective, it’s hardly controversial.

Joe Ga disdainfully looked at the standard businessman deanor of Albert II and said, “Don’t contact , get in touch with Gami instead…”

Albert II sighed when he heard this and said, “Can we not let that madwoman get involved?”

Joe Ga frowned at Albert II and said, “Gami just completed a ga deal, I trust you’re also a beneficiary…

Don’t tell you don’t trust her!”

Albert II felt aggrieved and said, “Indeed we made money off cryptocurrencies, but all that money went to Charlene…

Hu Lang, evaluate for , I also put in money, why did the profits end up in Charlene’s account?”

Joe Ga listened then laughed heartily, saying, “Making money and letting your wife handle it, what’s wrong? If you need funds, you can ask Charlene, it’s not disgraceful…”

Albert II heard and said dejectedly, “No, how can I ask Charlene for money?

An ego is my last dignity!”

Albert II invigorated himself and said, “But this ti is different, I’m the financier…

Buddy, give a hand, make sure Gami doesn’t shift Charlene’s money for investnt…

I’m a man, I can’t be outshone by my wife in terms of earning!”

Joe Ga was amused by the guy’s little thought, he waved his hand and said, “You have to talk to Gami and Charlene yourself…

Get ready, we have to leave early tomorrow morning.

If you don’t want Charlene to take my plane to England, you’ll have to perform a bit better.”

Albert II heard this and said indifferently, “How about I accompany you…

England released an announcent, they want most national leaders to take comrcial flights to London because the airport there can’t handle it.”

Albert II paused for a mont and looked at Joe Ga, saying, “Why can your private jet fly directly over?”

Joe Ga heard and spread his hands saying, “Brother, you need to understand who you’re facing here…”