The Chaebol's Youngest son MTL - Chapter (293)
Episode 293.Whatever you do, make money.
March 15, 2012.
Tomato Bank.
Han Do -young was listening to the ribo interest rate from Michael with a serious look.
“It’s huge than I thought.”
“When I talked to the boss last time, it was just about listening to high -quality information from an acquaintance.Didn’t the boss be ordered to find a way to benefit? ”
“yes.Obviously I said so. ”
“Since then, I have been investigating more in detail.The more I dig, the more amazing.The US Product Futures Trading Commission (CFTC) has been conducting an investigation since last year, and a large part of the ribo interest manipulation has been found to be true.The question is that the bank has secured evidence of whether the bank has manipulated the ribo interest rate for profits.
“It’s terrible.Didn’t you say Barclis and UBS then? ”
“yes.More added there.More than 10 banks.There is a bank that you should know.It’s a city group. ”
“Huh, until the city?”
Hang Do -young lamented.
During the subprime mortgage crisis, it supported $ 10 billion to the city group and $ 7 billion for UBS.
Of course, it was not free, and the annual dividend was promised 8.5%, and a contract was signed for $ 3 billion later, with $ 13 for the city group and $ 10.5 for UBS.
It was a stock price that went down to the floor due to subprime mortgage crisis.
Later, if the bank rose and rose, Han Do -young made a big money in the seat, and in fact, the stock price rose and the shares invested by Han Do -young rose about $ 3 billion.
“If this bursts, can there be a collapse bank?”
“Unfortunately, there seems to be no shock.However, it will hit the huge penalty and hit it.President.Other banks don’t know, but City and UBS had a lot of damage to the president.If this bursts, the stock will plunge.Did you insert the duties of your faith when you signed a contract? ”
“Isn’t that a duty to insert it, of course?”
“Then it was.Pressure it and get the compensation.Obviously, I promised to run a bank faithfully, and I received a lot of money.If you press the president to put this as a weapon, they will eventually pay for the compensation. ”
Han Do -young nodded.
This did not support billions of dollars of funds.
“Pretend to know now, wait.In the United States, you can order a penalty and do not appeal, but you can move it and move it.or not.”
“or not?”
“They also recognize that a big fire has fallen, and he will contact the president before he taps the penalty.I am holding this sense, but why don’t they have anything?The mandatory provisions of this faith are really scary.Even if you go to a small mistake, you will never get out if you have evidence that the bank has committed illegality to benefit. ”
It was a speech.
“Then shall we wait?I have time left anyway. ”
Han Do -young sat down on a chair and drank a coffee sip.
At least hundreds of millions of dollars have been created.
To be precise, the City Group and UBS received funds from BS FUND.
However, they will also meet with Han Do -young because they know that Han Do -young is the largest shareholder of BS FUND.
“And HSBC or UK SC is hard to know about information.It is difficult to know because the US Product Futures Trading Commission does not move because it is related to drug organizations and Iran. ”
“Please let me know when the information comes out.I’ll have a put option. ”
“All right.”
This is why financial institutions are swearing.
Last year, citizens’ occupation of Wall Street took place and criticized the greed and moral harm of financial institutions.
If this situation is known outside, it will not avoid tremendous criticism.
“How many months will it take for the announcement?”
“yes.Even if you have already obtained evidence, it will be investigated and negotiations will be underwater.And southern Europe is the worst, and the US and Western European games are a little surviving.Anyway, I will get the information as much as possible.That way, the president will have a favorable highland. ”
“also.It would have been really hard without Michael.I think I should do something more. ”
“I am satisfied with this place.”
Michael replied by touching the chair.
It was a tomato bank that was a world -class bank in Korea.
The title of Tomato Bank’s CEO was a very satisfactory Michael.
“You shouldn’t want more here.Honestly, JP Morgan is not envious.ha ha ha.”
Michael burst into laughter.
***
Afterwards, Han Do -young continued to talk to Michael and coordinated his opinion.
He called Kwon Ji -hoon of San Francisco.
“My aunt, I am Han Do -young.”
-Doyoung.City Group, I think there’s a problem with UBS.
Kwon Ji -hoon was paying attention to the city group and UBS, and he felt that there was a problem.
But like Michael, he did not get high -end financial information.
“I got information about manipulating ribo interest rates.”
-Ye, you are faster than me in Korea.Who did you get from?
“Michael.”
-okay.Michael makes sense.I worked in BOA, Merrill Lynch and a wide foot friend.By the way, it is ribo interest rate manipulation.
When Kwon Ji -hoon thought, Han Do -young waited until his mouth opened.
-Doyoung.
Soon, Kwon Ji -hoon’s mouth opened.
“yes.”
-I’ll have to accept this compensation.
Kwon Ji -hoon also looked cool like Michael.
Han Do -young pretended not to know.
“how?”
-These children have taken our money and the bank is difficult to run.Perhaps you have to pay a huge penalty.Then we’ll terminate the contract, so we’ll ask you to return the money.
“Would you like to return?”
-The sound is no sound.City $ 10 billion, UBS $ 7 billion.What would happen if the bank came to the media that the bank was not able to get the money without the money?In the worst case, you can go to Bank Run.We will listen to our demands unconditionally.I have to pull it out.Do these babies borrow the same blood like blood and play this joke?
Kwon Ji -hoon burst into anger.
“Michael told me to get a compensation for the violation of the Godong.”
-Hey, this fatal guy.I knew everything.
“I wanted to hear the opinion of my aunt.”
-This will take care of it.Of course, after the penalty comes out.They will not be stuck in front of a clear evidence.no.I will contact you first.If you think you can’t avoid penalties anyway, you’ll try to stop our mouths.They are crispy, but I don’t know that.
“It must be fun.”
-Do you want to do it?There’s no one to be able to get too much to put pressure on it?
“No, how to see people and say that.”
-boy.Anyway, try it.If you call here, I’ll return it to you.Take it enormously.
Kwon Ji -hoon shouted the fight and ended the call.
Han Do -young laughed as he looked at My Phone, where the call ended.
‘I saw me properly.I said that’s right, but why are you bad? ‘
Han Do -young shook her head.
When I met them, I decided to pull it out.
And the time came faster than expected.
April 15.
In the media, an article based on an anonymous report of ribo interest rate manipulation broke out.
After completing all the investigations in the United States, I felt deliberately bursting to look at the market’s response.
next day.
-Do Young -ah, City, Meet UBS.I called in a voice.I told you to call you, so I’ll call you soon.
“Oh, ask me to come to Korea.I have a lot of information, and I will tell you to go to the lawsuit to recover. ”
-also.You don’t lose expectations.
“I’m going to feel bad for some reason.”
-Please make good use of your specialty.At least $ 300 million must be accepted.I’ll put that much.If you ask too much, it’s likely to backlash, so adjust it well.
“Yes.”
Han Do -young, who ended the call, called the chief of staff.
“Did you call?”
“UBS, city group will call you.I called it here, so adjust the time to make an appointment.The single place must be Baeksan Group.I will not go abroad, and I have no intention of moving to another place. ”
“yes.President.”
After recording Han Do -young’s instructions, he retired.
April 20.
City Group CEO Brian visited Seoul.
Brian, who was advised by former CEO Bagram, who had been helped by BS FUND in the face of the crisis, judged that he would not postpone work and quickly visited Baeksan Group.
“Sit it.”
Han Do -young recommended a light smile.
“President.I hope this part is processed privately. ”
“Yes.I don’t want to lose money, too. ”
Han Do -young accepted Brian’s proposal.
“sorry.This time, the City Group made a big mistake. ”
“How did it happen?It’s not time to rest assured yet.Moreover, how long it has been after the subprime mortgage crisisAre you doing this?In this case, BS FUND is difficult to continue investing. ”
Brian silently accepted Han Do -young’s jealousy.
He committed a serious crime, so he had nothing to say.
“But when do you think the penalty will come out?Can’t you ask me to get it there? ”
“It’s smaller than USB, but it’s going to be quite a penalty.He worked at UBS, and he made a lot of profits by manipulating ribo interest rates while trading yen derivatives at UBS.I should have filtered it. ”
“Brian CEO.I’m sorry to quit the horse, did you know? ”
Han Do -young asked her two eyes on her eyes.
Brian’s eyes shook instantly.
“I knew.But I thought it would be a huge profit. ”
“sorry.”
Brian once again bowed and took a low posture.
If the stock price has been driven out of the ribo interest rate and the stock price is plunged, the city group’s creditworthiness will fall to the bottom.
Brian was afraid of it and had no choice but to take a low posture.
“Then I want to hear the alternative.”
Brian’s face was a bit unfolded.
It was a relationship that moved with money anyway.
I was wrong now, but now it was uncomfortable to be scolded.
As a result, when Han Do -young puts a proposal for compensation, Brian became more relaxed.
“I will monitor thoroughly so as not to violate the law in the future.Chase, who led the situation, would have to be trapped in prison for a long time if he was prosecuted this time. ”
In the end, Chase turned over everything and went to jail.
Han Do -young kicked her tongue inside, but did not point out that part.
Brian hesitated for a while and opened his mouth.
“It’s hard to pay a lot of money at once to handle it in the media.As a result, dividends are currently 8.5%, and we will raise the dividend to 10.5%for next year and next year.The city group shares received by BS FUND are strictly distinguished, so you can set different dividends from other stocks.Of course, it will come out, but it should be taken from the City Group. ”
He invested $ 10 billion to receive stocks, and the stock value is currently $ 13 billion.
So, if you calculate the current stock price, the City Group will pay Hans Do -young an additional $ 5.2 billion dividend over two years.
It was a satisfactory deal as a Han Do -young.
If it is known that the City Group has paid compensation for BS FUND, the stock price will go down, and dividends will be reduced.
Anyway, the stock price goes down for a penalty, but if you stop it with a minimum and gradually go up, you can get more dividends.
It was possible enough because it was dividend next year, not now.
“If you sign the contract here, I will proceed like this.”
Brian carefully pulled out the contract.
When Han Do -young signed, he handed the contract, and Brian sighed with relief and frowned.
I sutured the problem, but I spent the money I don’t have to use.