Chapter 926 Morgan Stanley and Goldman Sachs
However, some people can still be seen in the club.
Seeing the CEOs of Morgan Stanley and Goldman Sachs personally greeting him, everyone who saw it couldn't help but stop and take a look.
"That person is...Jin Caesar?"
A tall blond man said in surprise.
"Donald, do you know him too?"
The blond man nodded matter-of-factly.
"We met at Hanhua's investment dinner. I am also a VIP customer of Hanhua, with an investment share of US$300 million in Pacific Fund."
My companion smiled.
He knew very well the net worth of his partner.
It is simply impossible to come up with $300 million in cash flow.
Even if you can take it out, you can’t invest it all in high-risk hedge funds.
But he didn’t point it out either.
"Since you know each other, why not introduce him to me? I have been admiring Golden Caesar for a long time."
The blond man nodded without hesitation.
"Of course it's no problem."
"Really?"
"Watch it for me." The blond man patted his chest, his face full of affirmation.
"Donald, then I'll be waiting for your good news."
"OK."
"Then I'll leave first. If you have any news, please call me."
Watching his companion go away, Donald showed a trace of sadness on his face.
He is indeed a client of Hanhua, and he also knows Xu Liang, but we are just acquaintances. He doesn't even have the other party's phone number, let alone friendship.
Looking in the direction of the elevator subconsciously.
"They should have gone to the fifth floor just now..."
The fifth floor of the Morgan Club is the most noble floor with the most luxurious furnishings and the best services in the entire club.
All the female waitresses wear clothes that are not revealing but can highlight their advantages.
Plump bust, slender waist, round hips, slender and plump thighs, graceful curved feet, exquisite facial features, plus different skin colors and races.
There is always something that can satisfy you.
Besides appearance and figure, the most important thing is temperament.
Beauty without temperament is just a beautiful shell, which has no temptation to the big guys.
On the other hand, it is the temptation.
And temperament needs to be filled with knowledge.
With knowledge and beauty, there is no shortage of opportunities for advancement.
But they happened to come here.
Xu Liang couldn't help but think of a similar place in China - heaven and earth.
"Mr. Xu, in addition to their beautiful appearance and slim figure, each of these ladies is from the Ivy League. If you like, you can have in-depth communication." Paul Hughes smiled.
His words made the eyes of the ladies around him light up.
The look in Xu Liang’s eyes was as if a wolf had seen flesh.
Though young and rich diamond kings are not scarce in this place, they are definitely not many.
Once it is taken down, poverty can be completely eradicated.
Smiling and waving his hand, Xu Liang said: "Forget it, work is more important."
He has no interest in these women who he has passed several times.
Hughes waved his hand.
The girls walked out reluctantly.
The door closed and the room became quiet.
Hughes poured a glass of wine for each of the three of them.
He knows his position very well, and he is here to serve the three big guys.
"Xu, congratulations. Vivendi is a world-class telecommunications and media giant. If you win it, you will have another large company with assets of over 100 billion US dollars under your umbrella." James Gorman laughed. road.
"James, Vivendi belongs to Ms. Christina Yeri." Xu Liang emphasized.
"Ms. Yeli is a very outstanding and beautiful woman, but she would prefer everyone to call her 'Mrs. Xu'."
Xu Liang smiled, and the relationship between himself and Christina was among the upper class. It's not really a secret in his eyes.
"James, you asked me to meet, not just to talk about this, right?"
"Of course not. In addition to expressing my congratulations to you in person, Dalmore also hopes to meet with Hongyan Fund to cooperate”
“Cooperation?”
"Last time Morgan Stanley and Hanhua cooperated very happily on the underwriting of Manchester United bonds. Therefore, this time we also hope to cooperate with Hongyan to underwrite 14 billion euros of Vivendi bonds."
大Xu Liang had already anticipated Mo's purpose.
“We?”
Blankfein, who had never spoken, smiled and said: “The cooperation between Goldman Sachs and Mr. Xu was very pleasant in the past, not only the listing of Hongmeng’s major subsidiaries, but also the maintenance of With the acquisitions of Vendee Global, Marvel and Monster Beverages, Goldman Sachs has provided great help to the expansion of Mr. Xu’s career.
This time we also hope that Goldman Sachs can join Morgan Stanley in adding 14 billion euros. Underwriting of Vivendi Bonds ”
The five major investment banks on Wall Street are also divided into different factions.
Before the 21st century, the largest of the Big Five was Merrill Lynch. It had a sales network covering almost every city in the United States. It ranked first among investment banks in terms of performance and influence.
Morgan Stanley and Goldman Sachs ranked second and third.
Lehman and Bear Stearns are further behind.
In order to fight against Merrill Lynch, Morgan Stanley and Goldman Sachs formed a strategic alliance.
After entering the new century, with the continuous development of the Internet and computers, more and more bond retail sales have moved online.
Merrill Lynch's huge sales team spread throughout the United States has gradually become a burden to the company because of its high salary expenditures, which take up too much of its income.
The second oldest, Morgan Stanley, relied on its continuous development of subordinated debt and its active exploration of a large Eastern country to catch up and become the boss of the investment bank.
Merrill Lynch had to settle for second place.
Now, Goldman Sachs has also recovered from the severe damage caused by the Nasdaq crisis and is developing faster and faster.
But the alliance between the two parties did not end with Merrill Lynch's decline.
“Both Morgan Stanley and Goldman Sachs are very good investment banks, but in terms of bond sales, Merrill Lynch has more experience and the widest channels, so Hongyan is more inclined to cooperate with it.
Moreover, in the last cooperation on real estate subprime debt, Morgan Stanley and Goldman Sachs took benefits but failed to fulfill their obligations, which makes it difficult for me to trust you again.”
Last time Hanhua and Goldman Sachs. Morgan Stanley, Goldman Sachs, and the Montes family worked together to repackage low-rated subprime debt into high-rated bonds and made huge profits. In order to join this gluttonous feast, Goldman Sachs and Morgan Stanley agreed to help him acquire Unocal.
But now although the acquisition of Unocal has not been settled, Hongyan has obviously been marginalized.
Chevron and CNOOC are the protagonists.
“Dear Xu, our help is very important in the acquisition of Unocal, but Hongyan is more important. Your investment is not as good as that of Chevron and CNOOC, and there is nothing we can do about it.
< br>Unocal's shareholders and management cannot sell assets at low prices," James Gorman explained.
“James, do you know why I gave up in the end?
Because those damn congressmen are opposed, and the entire United States is opposed to my acquisition of Unocal, and I don't see you playing any role in this. "Xu Liang said coldly.
"Xu, I guarantee you, if you didn't have Damo's help at that time, you would have received even more opposition. "James Gorman said.
"Maybe. But you have no evidence to back up your claims. "
Xu Liang waved his hand and said.
"Mr. Xu, what conditions can Merrill Lynch provide you? Blankfein said suddenly.
Glancing at him, Xu Lang didn't know much about Blankfein.
However, within Goldman Sachs, many people call him ‘Silent Lloyd’.
It doesn’t mean that he is not good at communication, but that although he doesn’t talk much, he can accurately grasp the key points every time.
"Merrill Lynch's conditions are very simple. It will help me obtain a AAA bond rating and only charge a 0.2% handling fee."
The two looked at each other and Lloyd shook his head. .
He didn't believe that Merrill Lynch would offer such a low price. It was more likely that Xu Liang was using Merrill Lynch to lower the price.
“We can also help you get a AAA bond rating, but the 0.2% fee is too low.”
“How much do you want?”
“At least 1.5%," Lloyd said directly.
“Absolutely impossible.”
"Xu, let's make a sincere offer to each other. This will be beneficial to everyone." James said.
Xu Liang glanced at him and said, "Based on our happy cooperation in the past, I can take a step back.
0.3%, this is my bottom line."
Lloyd's face trembled.
You have given back so much.
James said helplessly: "Xu, you have too little sincerity."
Xu Liang smiled and said: "James, the benefits you promised me in the last subprime debt transaction were not fulfilled. Now you should show more Sincerity.
And I have taken a step back.”
“Xu, based on our happy cooperation in the past few times, we can accept a 1% handling fee. This is definitely for us. Bottom line, if you refuse, then we will regretfully miss this cooperation."
Xu Liang shrugged, "I'm sorry, James, but I can't be satisfied with your sincerity, as you said. , let’s cooperate next time.”
The two exchanged harsh words, but neither of them moved their butts.
We are all businessmen, and guarding against ruthless words is fundamental.
The competition is about who can break through the defense first.
Obviously, everyone has thick skin.
Without any explanation, Lloyd broke his promise and kept the negotiations going.
"Xu, I don't know if you have more financial needs. If so, we can provide you with a low-interest mortgage loan."
"Low interest? How low?" Xu Liang said with great interest.
“7.5%.”
“No, it’s too high.” Xu Liang shook his head and refused.
A gloom flashed in Lloyd's eyes.
This Chinese bastard is too greedy.
"How much can you accept?"
"I remember that the latest federal funds rate is 3.4, so let's go for 3.5." Xu Liang said with a smile.
As soon as these words came out, Hughes next to him couldn't help but grin.
Too greedy.
With an interest rate of 10 basis points, which financial institution is willing to work?
The money earned is not enough to cover the costs.
"Haha, don't be angry, it's just a joke. But I'm curious, how much money can you lend me?"
Lloyd said: "How much does Mr. Xu want? ?”
Xu Liang’s thoughts were racing and he looked at the expressions of the two people.
"20 billion U.S. dollars."
Lloyd's face changed slightly, but he nodded quickly.
"Yes, but Mr. Xu must provide sufficient collateral."
"The equity of Sina and Wangke can be pledged." Xu Liangdao.
“Not enough. Plus Master Kong’s equity.”
Xu Liang narrowed his eyes slightly, stared at the two people in front of him, and smiled after a moment.
“The interest rate is too high and I can’t accept it.”
“6.4%, commercial loan, this interest rate is already very low.” Lloyd said.
“No, now you are the ones taking the initiative to ask me for a loan, so 6.4% is still too high, let’s lower it by another two hundred basis points.”
“Mr. Xu, greed is a good thing, it can accelerate the issuance of funds. People's enterprising spirit leads to success in career and life, but excessive greed is a bad thing, it will blind conscience and reason, and lead to failure," Lloyd said calmly.
"So?" Xu Liang smiled.
“So, we can accept another 50 basis points reduction, which is the limit.”
The two looked at each other, as if swords and swords flashed in their eyes, refusing to give in to each other.
James Gorman smiled and said nothing.
Paul Hughes was secretly shocked.
As a top Wall Street boss, Lloyd Blankfein's influence is world-class.
Able to not fall behind in terms of momentum, and even slightly surpass it.
The strength shown by Golden Caesar is worthy of his status as a world-class business leader.
"Xu, the interest rate of 5.9% is already very low, but based on our past friendship, I can make the decision and lower it by another 10 basis points."
James Gorman took the initiative He spoke, breaking the stalemate between the two.
(End of this chapter)