Chapter 1106
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For Sir Gao's refusal to see or go thousands of miles away, Pu Weishi did not think that it was simply expressing his dissatisfaction. It became almost instinctive to be full of deep meaning when he got to their level.
Just when the Huifeng senior class was thinking about Sir Gao's thoughts, Ge Lai, the vice chairman of Huifeng's board of directors, took the latest information collected and came over to wake him up. Plan, Gao Xian is taking so much time with us, is he just waiting for the result to come out, so that we can compare it and start surgery on us?
Purvis took over the latest information, and while browsing, his heart suddenly burst, such a big move was passed, which shows that the power level of Standard Chartered Bank has really completed the change, not just the original chairman of the board of directors Anthony Barber in the symbolic sense , CEO Michael McWilliam resigned.
Ge Lai sighed. Talking about Standard Chartered Bank, which has a longer history than Huifeng Bank, this time it was too big, but he couldn't argue with others, and he couldn't blame anyone else. The review alone did not deal with the global stock market crash on Black Monday last year, which caused huge losses. It can also be dismissed as not only the Standard Chartered Bank losing money, but the Mumbai branch secretly misappropriated depositors' deposits to speculate in the stock market.
You must know that the losses caused by the bad affairs of the Mumbai branch have already been officially investigated and confirmed by the authoritative results, which amounted to nearly 350 million pounds.
As the saying goes, money is hard to earn, and shit is hard to eat. No matter where you put it, £350 million is definitely a large amount, which makes Standard Chartered Bank stock holders gnashing their teeth.
Sir Bao and Qiu Deba firmly grasped this point and fought to the death, which can be said to occupy the commanding heights of morality.
A corroboration is that at the press conference, the new Chairman of the Board of Directors of Standard Chartered Bank, Sir Bao, made an indisputable statement on the group reorganization.
Just as the UK's financial market has been fully liberalized to enhance global competitiveness, Standard Chartered has a long history, but it has exposed the crisis of dying in comfort. There are deeper drawbacks behind the huge loss of the Mumbai branch. It is time to change, so Only by regaining the trust of users and the support of the Hong Kong Monetary Authority, the regulator of Hong Kong, the business center of Standard Chartered Bank.
Obviously, this operation against Standard Chartered Bank is extremely complicated. To put it simply, first, the separation of operating rights and controlling rights was carried out, and the Standard Chartered Bank Holding Company was established within the Standard Chartered Bank Group.
It seems that this is very simple, but it involves various rights and interests transfer including currently listed stocks, and it still needs corresponding courage to advance.
Fortunately, although Standard Chartered Bank is headquartered in London, its local business in the UK accounts for a very low proportion, which is about 10%. It mainly makes money from overseas business in the UK, especially the vast majority of its revenue comes from Hong Kong.
Following the logic that whoever is the business champion will be rude, a move worth mentioning in the reorganization plan of Standard Chartered Bank Group is to formally create a flagship company, Standard Chartered Bank Heung Kong Limited, to fully integrate Hong Kong's commercial banks, investment banks, etc. Business, called ability and treatment, have been adjusted equally.
In fact, everyone with discernment knows well that supporting Standard Chartered Bank Heung Kong Co., Ltd. is to take care of the interests of Heungkong Huazi, which is one of the great results of this game.
Another major move of the internal organization of Standard Chartered Bank is to separate the South African business separately, and through capital operation, it will no longer be included in the original listing of Standard Chartered Bank's stock market, so as to avoid the obvious impact of international sanctions on South Africa.
However, there was no sign of clear adoption of the plan to sell the South African business to the senior management of the ghosts at the London headquarters of the Standard Chartered Bank Group, which was suspected of being rich, because Gao Xian understood that in a few years, the problems in South Africa would be resolved. The pressure is relieved. Compared with the difficulty of establishing an international bank network, the current hard work is worth the money. Anyway, the fluctuation of the South African business has been excluded from the listed stocks. With the background of Standard Chartered, it is not difficult to withstand.
"Hey, Standard Chartered wants to transfer the right to issue Hong Kong dollars from the Standard Chartered Bank Group to Standard Chartered Bank Heung Kong Limited?" Pu Weishi couldn't hide his surprise, "Is this what the Hong Kong Monetary Authority means?"
"It should be Gao Xian's meaning, which is very in line with his major financial rights and interests in Hong Kong, and the supervision style of the local registered company in Hong Kong, and Bao Yugang and the others are using this to please the Hong Kong Monetary Authority, in order to get the Hong Kong Monetary Authority to let go as soon as possible. The Mumbai branch secretly misappropriation of depositors' deposits." Ge Lai nodded, "Even, Standard Chartered Hong Kong Bank also intends to be listed on the Hong Kong Stock Exchange."
After pondering for a long time, Pu Wei Shi said some meaningful words. In fact, most of the content of this structure in the Standard Chartered reorganization plan, or describe it as the essence, may not be the ideal answer to Huifeng's internationalization.
Ge Lai's face was full of resentment. If we were excluded from the power hierarchy, no matter how good this answer is, what's the point?
Looking at this list above, Lehman Brothers VP and former Morgan Grenfell CEO Christopher Reeves, became CEO of Standard Chartered Bank Group, and touted it to enhance Standard Chartered's investments banking capabilities.
There is also this Wen Zhiqiang, president of Standard Chartered Hong Kong Bank, who was originally the head of Union Bank, a member of the Gao Bank Group. All of them are members of the Gao Yi family.
People like Bao Yugang and Qiu Deba are not difficult to deal with. How can Bao Yugang fall on Dragonair, we can make him fall on Standard Chartered Bank! But once these people got the behind-the-scenes support of Gao Xian, it was completely different.
Pu Weishi took it seriously, and after evaluating the significance of the Standard Chartered Bank reorganization plan for Huifeng, he turned his mind back to the game.
I have to admit that Standard Chartered Bank has been cleaned up like this, and it must have been approved by the City of London, at least not very loudly. , we have to beware of Gao Xian using such a routine to deal with Huifeng.
"To be more precise, Gao Xian has been dealing with us like this, and it will be even stronger in the future." Pu Weishi frowned tightly, "Unfortunately, Huifeng is currently in an unprecedentedly weak state, once it is opened In addition to Chinese banks, American banks and Japanese banks will definitely come to the gap.”
"So, we have to endure the humiliation and deal with it patiently. For example, the shareholding ratio in Huifeng's regulations cannot exceed 1%. When it is unlocked, it must be controlled by its own schedule."
If an outsider hears this, it is estimated that they will burst their belly with laughter. It is too comical. They are used to enjoying the privileges, and if they are a little more civilian, they will endure the humiliation and bear the burden.
Ge Lai stated his position. If Huifeng really encountered a situation like that of Standard Chartered, I would rather accept Wall Street's acquisition than lose someone like Standard Chartered.
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For Sir Gao's refusal to see or go thousands of miles away, Pu Weishi did not think that it was simply expressing his dissatisfaction. It became almost instinctive to be full of deep meaning when he got to their level.
Just when the Huifeng senior class was thinking about Sir Gao's thoughts, Ge Lai, the vice chairman of Huifeng's board of directors, took the latest information collected and came over to wake him up. Plan, Gao Xian is taking so much time with us, is he just waiting for the result to come out, so that we can compare it and start surgery on us?
Purvis took over the latest information, and while browsing, his heart suddenly burst, such a big move was passed, which shows that the power level of Standard Chartered Bank has really completed the change, not just the original chairman of the board of directors Anthony Barber in the symbolic sense , CEO Michael McWilliam resigned.
Ge Lai sighed. Talking about Standard Chartered Bank, which has a longer history than Huifeng Bank, this time it was too big, but he couldn't argue with others, and he couldn't blame anyone else. The review alone did not deal with the global stock market crash on Black Monday last year, which caused huge losses. It can also be dismissed as not only the Standard Chartered Bank losing money, but the Mumbai branch secretly misappropriated depositors' deposits to speculate in the stock market.
You must know that the losses caused by the bad affairs of the Mumbai branch have already been officially investigated and confirmed by the authoritative results, which amounted to nearly 350 million pounds.
As the saying goes, money is hard to earn, and shit is hard to eat. No matter where you put it, £350 million is definitely a large amount, which makes Standard Chartered Bank stock holders gnashing their teeth.
Sir Bao and Qiu Deba firmly grasped this point and fought to the death, which can be said to occupy the commanding heights of morality.
A corroboration is that at the press conference, the new Chairman of the Board of Directors of Standard Chartered Bank, Sir Bao, made an indisputable statement on the group reorganization.
Just as the UK's financial market has been fully liberalized to enhance global competitiveness, Standard Chartered has a long history, but it has exposed the crisis of dying in comfort. There are deeper drawbacks behind the huge loss of the Mumbai branch. It is time to change, so Only by regaining the trust of users and the support of the Hong Kong Monetary Authority, the regulator of Hong Kong, the business center of Standard Chartered Bank.
Obviously, this operation against Standard Chartered Bank is extremely complicated. To put it simply, first, the separation of operating rights and controlling rights was carried out, and the Standard Chartered Bank Holding Company was established within the Standard Chartered Bank Group.
It seems that this is very simple, but it involves various rights and interests transfer including currently listed stocks, and it still needs corresponding courage to advance.
Fortunately, although Standard Chartered Bank is headquartered in London, its local business in the UK accounts for a very low proportion, which is about 10%. It mainly makes money from overseas business in the UK, especially the vast majority of its revenue comes from Hong Kong.
Following the logic that whoever is the business champion will be rude, a move worth mentioning in the reorganization plan of Standard Chartered Bank Group is to formally create a flagship company, Standard Chartered Bank Heung Kong Limited, to fully integrate Hong Kong's commercial banks, investment banks, etc. Business, called ability and treatment, have been adjusted equally.
In fact, everyone with discernment knows well that supporting Standard Chartered Bank Heung Kong Co., Ltd. is to take care of the interests of Heungkong Huazi, which is one of the great results of this game.
Another major move of the internal organization of Standard Chartered Bank is to separate the South African business separately, and through capital operation, it will no longer be included in the original listing of Standard Chartered Bank's stock market, so as to avoid the obvious impact of international sanctions on South Africa.
However, there was no sign of clear adoption of the plan to sell the South African business to the senior management of the ghosts at the London headquarters of the Standard Chartered Bank Group, which was suspected of being rich, because Gao Xian understood that in a few years, the problems in South Africa would be resolved. The pressure is relieved. Compared with the difficulty of establishing an international bank network, the current hard work is worth the money. Anyway, the fluctuation of the South African business has been excluded from the listed stocks. With the background of Standard Chartered, it is not difficult to withstand.
"Hey, Standard Chartered wants to transfer the right to issue Hong Kong dollars from the Standard Chartered Bank Group to Standard Chartered Bank Heung Kong Limited?" Pu Weishi couldn't hide his surprise, "Is this what the Hong Kong Monetary Authority means?"
"It should be Gao Xian's meaning, which is very in line with his major financial rights and interests in Hong Kong, and the supervision style of the local registered company in Hong Kong, and Bao Yugang and the others are using this to please the Hong Kong Monetary Authority, in order to get the Hong Kong Monetary Authority to let go as soon as possible. The Mumbai branch secretly misappropriation of depositors' deposits." Ge Lai nodded, "Even, Standard Chartered Hong Kong Bank also intends to be listed on the Hong Kong Stock Exchange."
After pondering for a long time, Pu Wei Shi said some meaningful words. In fact, most of the content of this structure in the Standard Chartered reorganization plan, or describe it as the essence, may not be the ideal answer to Huifeng's internationalization.
Ge Lai's face was full of resentment. If we were excluded from the power hierarchy, no matter how good this answer is, what's the point?
Looking at this list above, Lehman Brothers VP and former Morgan Grenfell CEO Christopher Reeves, became CEO of Standard Chartered Bank Group, and touted it to enhance Standard Chartered's investments banking capabilities.
There is also this Wen Zhiqiang, president of Standard Chartered Hong Kong Bank, who was originally the head of Union Bank, a member of the Gao Bank Group. All of them are members of the Gao Yi family.
People like Bao Yugang and Qiu Deba are not difficult to deal with. How can Bao Yugang fall on Dragonair, we can make him fall on Standard Chartered Bank! But once these people got the behind-the-scenes support of Gao Xian, it was completely different.
Pu Weishi took it seriously, and after evaluating the significance of the Standard Chartered Bank reorganization plan for Huifeng, he turned his mind back to the game.
I have to admit that Standard Chartered Bank has been cleaned up like this, and it must have been approved by the City of London, at least not very loudly. , we have to beware of Gao Xian using such a routine to deal with Huifeng.
"To be more precise, Gao Xian has been dealing with us like this, and it will be even stronger in the future." Pu Weishi frowned tightly, "Unfortunately, Huifeng is currently in an unprecedentedly weak state, once it is opened In addition to Chinese banks, American banks and Japanese banks will definitely come to the gap.”
"So, we have to endure the humiliation and deal with it patiently. For example, the shareholding ratio in Huifeng's regulations cannot exceed 1%. When it is unlocked, it must be controlled by its own schedule."
If an outsider hears this, it is estimated that they will burst their belly with laughter. It is too comical. They are used to enjoying the privileges, and if they are a little more civilian, they will endure the humiliation and bear the burden.
Ge Lai stated his position. If Huifeng really encountered a situation like that of Standard Chartered, I would rather accept Wall Street's acquisition than lose someone like Standard Chartered.
For Sir Gao's refusal to see or go thousands of miles away, Pu Weishi did not think that it was simply expressing his dissatisfaction. It became almost instinctive to be full of deep meaning when he got to their level. Just when the Huifeng senior class was thinking about Sir Gao's thoughts, Ge Lai, the vice chairman of Huifeng's board of directors, took the latest information collected and came over to wake him up. Plan, Gao Xian is taking so much time with us, is he just waiting for the result to come out, so that we can compare it and start surgery on us? Purvis took over the latest information, and while browsing, his heart suddenly burst, such a big move was passed, which shows that the power level of Standard Chartered Bank has really completed the change, not just the original chairman of the board of directors Anthony Barber in the symbolic sense , CEO Michael McWilliam resigned. Ge Lai sighed. Talking about Standard Chartered Bank, which has a longer history than Huifeng Bank, this time it was too big, but he couldn't argue with others, and he couldn't blame anyone else. The review alone did not deal with the global stock market crash on Black Monday last year, which caused huge losses. It can also be dismissed as not only the Standard Chartered Bank losing money, but the Mumbai branch secretly misappropriated depositors' deposits to speculate in the stock market. You must know that the losses caused by the bad affairs of the Mumbai branch have already been officially investigated and confirmed by the authoritative results, which amounted to nearly 350 million pounds. As the saying goes, money is hard to earn, and shit is hard to eat. No matter where you put it, 350 million is definitely a large amount, which makes Standard Chartered Bank stock holders gnashing their teeth. Sir Bao and Qiu Deba firmly grasped this point and fought to the death, which can be said to occupy the commanding heights of morality. A corroboration is that at the press conference, the new Chairman of the Board of Directors of Standard Chartered Bank, Sir Bao, made an indisputable statement on the group reorganization. Just as the UK's financial market has been fully liberalized to enhance global competitiveness, Standard Chartered has a long history, but it has exposed the crisis of dying in comfort. There are deeper drawbacks behind the huge loss of the Mumbai branch. It is time to change, so Only by regaining the trust of users and the support of the Hong Kong Monetary Authority, the regulator of Hong Kong, the business center of Standard Chartered Bank. Obviously, this operation against Standard Chartered Bank is extremely complicated. To put it simply, first, the separation of operating rights and controlling rights was carried out, and the Standard Chartered Bank Holding Company was established within the Standard Chartered Bank Group. It seems that this is very simple, but it involves various rights and interests transfer including currently listed stocks, and it still needs corresponding courage to advance. Fortunately, although Standard Chartered Bank is headquartered in London, its local business in the UK accounts for a very low proportion, which is about 10%. It mainly makes money from overseas business in the UK, especially the vast majority of its revenue comes from Hong Kong. Following the logic that whoever is the business champion will be rude, a move worth mentioning in the reorganization plan of Standard Chartered Bank Group is to formally create a flagship company, Standard Chartered Bank Heung Kong Limited, to fully integrate Hong Kong's commercial banks, investment banks, etc. Business, called ability and treatment, have been adjusted equally. In fact, everyone with discernment knows well that supporting Standard Chartered Bank Heung Kong Co., Ltd. is to take care of the interests of Heungkong Huazi, which is one of the great results of this game. Another major move of the internal organization of Standard Chartered Bank is to separate the South African business separately, and through capital operation, it will no longer be included in the original listing of Standard Chartered Bank's stock market, so as to avoid the obvious impact of international sanctions on South Africa. However, there was no sign of clear adoption of the plan to sell the South African business to the senior management of the ghosts at the London headquarters of the Standard Chartered Bank Group, which was suspected of being rich, because Gao Xian understood that in a few years, the problems in South Africa would be resolved. The pressure is relieved. Compared with the difficulty of establishing an international bank network, the current hard work is worth the money. Anyway, the fluctuation of the South African business has been excluded from the listed stocks. With the background of Standard Chartered, it is not difficult to withstand. "Hey, Standard Chartered wants to transfer the right to issue Hong Kong dollars from the Standard Chartered Bank Group to Standard Chartered Bank Heung Kong Limited?" Pu Weishi couldn't hide his surprise, "Is this what the Hong Kong Monetary Authority means?" "It should be Gao Xian's meaning, which is very in line with his major financial rights and interests in Hong Kong, and the supervision style of the local registered company in Hong Kong, and Bao Yugang and the others are using this to please the Hong Kong Monetary Authority, in order to get the Hong Kong Monetary Authority to let go as soon as possible. The Mumbai branch secretly misappropriation of depositors' deposits." Ge Lai nodded, "Even, Standard Chartered Hong Kong Bank also intends to be listed on the Hong Kong Stock Exchange." After pondering for a long time, Pu Wei Shi said some meaningful words. In fact, most of the content of this structure in the Standard Chartered reorganization plan, or describe it as the essence, may not be the ideal answer to Huifeng's internationalization. Ge Lai's face was full of resentment. If we were excluded from the power hierarchy, no matter how good this answer is, what's the point? Looking at this list above, Lehman Brothers VP and former Morgan Grenfell CEO Christopher Reeves, became CEO of Standard Chartered Bank Group, and touted it to enhance Standard Chartered's investments banking capabilities. There is also this Wen Zhiqiang, president of Standard Chartered Hong Kong Bank, who was originally the head of Union Bank, a member of the Gao Bank Group. All of them are members of the Gao Yi family. People like Bao Yugang and Qiu Deba are not difficult to deal with. How can Bao Yugang fall on Dragonair, we can make him fall on Standard Chartered Bank! But once these people got the behind-the-scenes support of Gao Xian, it was completely different. Pu Weishi took it seriously, and after evaluating the significance of the Standard Chartered Bank reorganization plan for Huifeng, he turned his mind back to the game. I have to admit that Standard Chartered Bank has been cleaned up like this, and it must have been approved by the City of London, at least not very loudly. , we have to beware of Gao Xian using such a routine to deal with Huifeng. "To be more precise, Gao Xian has been dealing with us like this, and it will be even stronger in the future." Pu Weishi frowned tightly, "Unfortunately, Huifeng is currently in an unprecedentedly weak state, once it is opened In addition to Chinese banks, American banks and Japanese banks will definitely come to the gap. "So, we have to endure the humiliation and deal with it patiently. For example, the shareholding ratio in Huifeng's regulations cannot exceed 1%. When it is unlocked, it must be controlled by its own schedule." If an outsider hears this, it is estimated that they will burst their belly with laughter. It is too comical. They are used to enjoying the privileges, and if they are a little more civilian, they will endure the humiliation and bear the burden. Ge Lai stated his position. If Huifeng really encountered a situation like that of Standard Chartered, I would rather accept Wall Street's acquisition than lose someone like Standard Chartered.
