Chapter 716 Interest comes first
"bell--"
The phone rang, and Galt's assistant ran over, "Boss, Charles' phone number."
Galt was impatient and took the phone and yelled, "If you have nothing to do, I will destroy you."
Charles was anxious, "No, George Eva insisted on paying off his debt, I couldn't stop him."
"FUCK, this slut."
Galt was so anxious that he was wandering around the room. If George Iva didn't stop him from withdrawing money, he would be afraid that the bank would run and go bankrupt. It was not that the bank would not give money, but that all the cash from Barry's banks would be mobilized and he would not be able to raise more than 100 billion yuan.
Each bank has limited working capital, who will keep so much cash in the safe?
Moreover, once this run is formed, it will cause social panic and spread quickly to other places.
"Davidson, what do you think you should do?"
Gelt had no idea and asked Davidson for his opinion.
Davidson said, "The money must be forced to pay it back, otherwise the matter will be left alone."
Just as the two were thinking about countermeasures, the assistant came to report in a panic, "The boss is not good, and the bank stocks are falling sharply."
Damn—
Causing a chain reaction.
In fact, this is expected. Once a bank run occurs, it will definitely cause a sharp drop in stocks.
Even if your bank makes a clear statement, the public will not believe it.
They only believe in the facts they see.
Moreover, if this bank run storm cannot pass, bank stocks will not stop falling unless you have enough funds to stabilize the decline of the stock price.
At this moment, many reporters rushed to the streets for on-site interviews, and someone caught up with George Eva, "Why did you withdraw all the money you have in the bank? Are you also worried that the bank will go bankrupt like the general public?"
The other party did not know George Eva's identity, she just conducted a random interview.
George Iva nodded, “Now I think it’s safer to keep money in my own hands than to keep it in the bank.”
"It's very clear that everyone is queuing up to withdraw money."
"Didn't you see their stocks falling? If there were no problems inside, how could it be so down?"
"So I suggest you stop interviewing, hurry up and queue up!"
When the reporter saw this posture, "Thank you!"
Sure enough, she also went to queue up.
Such news was played on TV, which made everyone stunned.
It is said that the truth is always in the hands of a few people. These citizens became even more panicked after seeing the news and came to the bank to queue up to withdraw money.
This run cannot subside in a short time, so bank stocks will continue to fall.
Chen Fan asked in the office, "Mr. Zhao, how is the situation?"
Zhao Linlin smiled and said, "Your plan is indeed good. If we don't have to short, it will start to plummet by itself."
"Well, if you finish shorting, go long, and if you finish long, go short, and repeat operations."
"They will definitely die of ecstasy."
"Do it a few more times, we will soon make back the money that George Iva owes."
Don't you ask me to pay back the money?
Before I paid back the money, I made a profit first.
Chen Fan looked at the market, "Mr. Zhao, it's almost enough, prepare to go long with the backhand."
"OK!"
Zhao Linlin likes this kind of working state. Bank stocks have plummeted by more than 30 points in recent days. Zhao Linlin takes the opportunity to short, and now Chen Fan instructs her to go long.
This means that they have to take action. Although Zhao Linlin could also predict that the other party would take action to raise the stock price, she didn't know where the other party was going to raise the stock price?
Where is the bottom of the market?
But Chen Fan can, he can see clearly.
After instructing Zhao Linlin to give up shorting, she began to buy and make a purchase layout.
Sure enough, in order to regain market confidence, the bank had to invest real money to support the bottom, and they formulated a counterattack plan, hoping to use this to blow up the short sellers.
Of course, they did not expect that someone took the opportunity to take advantage of the situation and bought a lot of stocks with them.
Of course, if it is a small bank stock, Zhao Linlin's operation cannot be hidden from others' eyes.
But there are several world-class large banks in Western Europe. They are too large to see billions of dollars in and out of every day.
Moreover, due to the large fluctuations during this period, the daily turnover is around 10 to 20 billion.
This also gave Zhao Linlin the opportunity to come and go easily.
In two days, she bought more than 20 billion yuan and asked Chen Fan, "How much do you think they will increase?"
Chen Fan said, "These people have always been self-righteous. In order to show their strength, they will definitely return to their previous price."
Everyone knows one truth: from ten yuan to seven yuan, it fell by 30%.
However, from seven to ten yuan, it will need to rise by nearly 43%.
Chapter completed!