Chapter 741 Decline
Before the end of March, a syndicate including William Weber Capital and Standard Chartered Merrill Lynch completed an agreement with LCR Rothschild Group.
The content of the agreement is that the syndicate of William Weber Capital will package and acquire the German financial institution LCR Rothschild Group that issues CDS bonds to Wall Street banks, NM Rothschild, at a price of 6 billion euros. and LCR Rothschild Group’s stakes in BNP Paribas and Natixis.
Among these, the shares of BNP Paribas and Natixis held by LCR Rothschild Bank alone are worth about 5.5 billion euros at this time.
So after calculation, the price for their packaged acquisition of German financial institutions and NM Rothschild Bank was only 500 million euros.
However, considering that this German financial institution is involved in more than 5 billion euros, CDS bonds with the possibility of compensation tending to be realized, and NM Rothschild Bank may face compensation for its customers, then this price is considered relatively reasonable.
It can be said that after this transaction, the Rothschild family basically lost most of their industries in the financial field, and the 6 billion euros in acquisition funds could only be obtained based on their company shareholdings. It is less than 3 billion euros, and part of this is likely to be paid out in the subsequent shareholder claims of the LCR Rothschild Group.
From now on, the Rothschild family will never regain its former glory. In addition to small shares in some companies, all they own are the red wine chateaus. .
After reaching this acquisition agreement, Standard Chartered-Merrill Lynch will acquire 5% of BNP Paribas shares for 4.5 billion euros.
William Weber Capital invested 1 billion euros to acquire nearly 10% of the shares of Natixis Bank, thus increasing their shareholding in this bank to nearly 40%!
At the same time, William Weber Capital invested another 1 billion euros to acquire most of the business of NM Rothschild Bank and 60% of the shares of the German financial institution. Standard Chartered Merrill Lynch Group acquired the shares of the German financial institution. 40% shares.
Of the 1 billion euros from William Weber Capital, in addition to 500 million euros used to pay for the acquisition, the other 500 million euros were injected into NM Rothschild Bank to maintain the smooth operation of the bank. .
And the Weber family used their connections to reach an out-of-court settlement with the former clients of NM Rothschild. They will pay a total of 2.5 billion euros in compensation to these clients for their previous NM Rothschild losses. Impaired assets in Childs Bank proprietary business loss transfer.
When the acquisition of NM Rothschild Bank was completed, the bank’s self-operated business still had assets of less than 3 billion euros. After selling these self-operated assets to Standard Chartered-Merrill Lynch, After that, the funds obtained were just enough to pay compensation and pay the 500 million euro fine issued by the French Financial Market Authority.
One month later, after the European Central Bank and the Eurozone countries confirmed that they would rescue Greece and provide Greece with an initial loan line of 25 billion euros, the shareholders of the German financial institution, William Weber Capital and Standard Chartered, - Merrill Lynch Group has reached an agreement with some Wall Street banks, including Goldman Sachs Group and JP Morgan Chase, and NM Rothschild Bank will transfer business worth 500 million euros to these Wall Street capitals to terminate the CDS agreement between them.
It’s not that Wall Street capital is so easy to talk to at this time, but on the one hand, Greece has been determined to receive a bailout led by the European Central Bank, and Standard Chartered-Merrill Lynch is also fully capable of providing corresponding loans to the Greek government to ensure that they repay those loans. The CDS agreement involves borrowing, so after receiving the benefits, Wall Street banks let it go.
In May, after NM Rothschild Bank finally emerged from the predicament and its business returned to normal, Natixis, France’s fourth largest commercial bank, announced that it would acquire NM Rothschild Bank. Acquires its main businesses including private banking and investment arms.
After this merger, William Weber Capital's shareholding in Natixis Bank increased to more than 60%, thus becoming the controlling shareholder of the bank, and Ashley Weber also became the chairman of Natixis Bank. Chairman.
In addition, after Benjamin Rothschild served half a year in prison, he was found hanging in his single room. After investigation, the French police announced that his death was suicide.
This incident caused a lot of discussion at the time, but because at that time David Rothschild of the Rothschild family retired due to a stroke, his other nephew Alexander Rothschild De has taken over his position and become the head of the Rothschild family, so no one cares about this matter soon.
...
At this time, Barron had already arrived at Lanai Island, which he had previously acquired.
After the construction of Grace Cultural Tourism Group, Lanai Island now has more complete facilities than when Barron first acquired it. This time Barron came with Rebecca and their daughter Jennifer for vacation.
Jennifer Cavendish is Barron’s eldest daughter. She will celebrate her 6th birthday next month.
Now, Jennifer has grown into a little beauty, with an exquisite angel-like appearance, making everyone like her very much.
Maybe she inherited the excellent genes of Barron and Rebecca. Jennifer is also very smart. Although she is only 6 years old, under the guidance of Rebecca and the private tutor she hired, Jennifer has become more intelligent. Not only does he have excellent academic performance, but he is also very talented in literature and art.
Just like now, Jennifer played a piano piece in the villa and received Barron's approval and appreciation.
"Next month is your birthday, baby, what gift do you want?"
Lifting his daughter up and holding her in his arms, Barron said to her affectionately.
"I hope dad can pick me up from school once."
Jennifer said without hesitation:
"I want to introduce my friends to dad."
It can be said that as Barron's daughter, Jennifer can have the best material conditions in the world, but again, this is not perfect. At least in terms of companionship, it is difficult for Barron to be like an ordinary parent.
So after hearing what his daughter said, Barron kissed her on the cheek:
"That's no problem, honey, I will hold a birthday party for you at home. You can invite all your friends to attend."
"Really? That's great!"
< br>After handing his daughter Jennifer over to the maid aside and asking her to take her daughter to play at the beach, Barron walked over to the woman who saw the scene just now with a slightly complicated expression. Next to Rebecca, he said:
"Baby, I think we should spend more time with the children. What do you think about letting Jennifer return to London? Then her brothers and sisters can be together, so that there will be More relatives to accompany you.”
In fact, this idea was not something Barron just thought of. He had had this idea a long time ago.
After all, he already has many children, mainly in the United States and England, as well as a pair of children named Fan Bingbing in China.
If these children can live together, then at least even if Barron and their mothers have their own careers and cannot be with them all the time, at least the children can develop feelings for each other from an early age. Too lonely.
(End of this chapter)