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Chapter 709 Turns out to be a scammer

With the rise of the Eastern powers, many countries in the world have close cooperation with Donghua, and the same is true for the oil family.

They not only established banks in China Overseas, but also had many other businesses.

At the same time, Donghua is also one of their important major customers.

If these cooperations are suddenly interrupted, it will have a great impact on their family.

But how could John know that all this was caused by his own pretending to pick up girls?

However, the even more headache for him had just begun. Chen Fan learned from Ning Xuecheng that John had broken the contract and was also preparing to teach them a lesson.

He has seen the recent crude oil market and the stocks under their family, and decided to give them some color.

Previously, through Bai Yong and others' relationship, the oil family's bank in China Overseas was investigated.

Because of firefighting and other factors, they were fined more than 100 million yuan.

Not long after paying the fine, just after returning to normal business, a large number of bank customers suddenly asked to take all their deposits.

At first they did not realize the seriousness of the matter, after all, the accounts entering and leaving the bank every day will change differently.

But gradually, they discovered the problem, and there were a lot of people coming to the bank to withdraw money for several days in a row.

And most of them are big customers. You should know that China Overseas is a place where wealthy people gather. In order to gain a foothold in China Overseas, they gave customers high interest returns.

Now that these customers have to withdraw their deposits, the bank manager is a little anxious.

Because once their deposits are withdrawn, the bank is very likely to not be able to operate normally.

Moreover, most of their money is loaned out by the bank, and the money cannot be recovered in a short period of time.

But the guests were determined and had no choice. In order to maintain the normal operation of the bank, they had to withdraw funds from the headquarters.

At the same time, they also visited these important customers and asked them why they asked for the withdrawal of their deposits.

But there are many reasons for them, some want to buy a house, some need to turnover, some want to use it for stock trading, and so on.

The manager analyzed that something must have happened.

As a bank, it is impossible to borrow money all the time with their own money. They have to absorb a lot of deposits and then lend out the money to earn the difference.

Or use this money to make other investments, so that you can maintain normal operation.

But this period of time has become a terrible person, with only customers who withdraw money and no customers who save money.

However, such a bank run cannot affect the operation of the bank, and they can mobilize funds from other banks.

After all, their entire banking system is complete, and it is normal for major banks to lend and borrow between them.

Although there are fewer customers who deposit, the sales staff at Kaitui are very powerful. They can receive loan requests from many major customers every day.

There are also many people who come to apply for credit card business, and some people can apply for hundreds of credit cards a day.

The fewer people who deposit and more people who borrow, means that the funds have flowed into the market and fully stimulated consumption.

In order to continue to grow bigger and stronger, some salesmen even worked tirelessly to villages around Zhonghai to promote business.
Chapter completed!
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