Chapter 941 Profit comes first
Ding...
The sound of the collision of goblets is clear and sweet, and the slightly rippling red wine glows with rosy fluorescence under the bright light, beautiful and seductive people.
James Gorman took a sip and smiled.
“Half a month has passed since our last meeting in New York, and Golden Caesar has not given us a satisfactory answer until now. It seems that he has noticed it.”
Blankfein put down his glass and said calmly: "A person who can turn from a poor boy into a world-class rich man in six years is the top genius in the world in terms of vision, wisdom and skills.
He It’s not surprising at all to find out.
I even think that he already knows many details of the ‘Dragon Slaying Plan’.”
“You think so highly of him?”
"I trust my own judgment more." Blankfein said.
Gorman pondered for a moment and put down the wine glass in his hand.
“If everything goes as you said, we may not be able to get the $20 billion loan.”
“When we promised Golden Caesar 4.4% interest, the other party’s attitude was ambiguous. , I knew it was unlikely."
"Awkward attitude? Aren't the people at Red Rock Fund actively talking to us?" Gorman said.
“They are indeed talking, but judging from the feedback, they hope to get 100% of the loan ratio, which is obviously impossible.”
With a general mortgage loan, you can only get 60 to 70% of the actual mortgage value.
One thing is worth 100 yuan, and a mortgage loan can only lend 60 or 70 yuan.
Now Xu Liang asks for a loan of 100 yuan.
This is obviously impossible.
The risk is too great for banks.
Gorman pondered for a moment and then said: "Maybe the other party just saw the bargain in interest and wanted to take advantage of the loan ratio again. If we agree, we can still get the loan."
"It is possible. .
Greed is the original sin in everyone’s heart.
But we should be more prepared.”
"If we can't get the loan, it means that Golden Caesar has guessed or knows the conspiracy behind the loan, and he will not give us the 14 billion euros of Vivendi bonds by then.
Even if we give it, it won’t be too much.
If we lose these interests, the bastards on Wall Street will definitely laugh at us.
Although I don’t care about these ironies, we cannot let go of the interests that originally belong to us. Just lost." Blankfein's tone was firm.
“What do you want to do?”
"Now we both need sincerity." Blankfein continued with a smile, "Goldman Sachs will spend 8 billion euros in cash to directly acquire Vivendi bonds from Golden Caesar.
Pay first and take later Goods.”
Gorman was stunned for a moment.
“I thought you wanted to join forces with Morgan to threaten Golden Caesar.”
“Threat? No, No, Golden Caesar is our big customer, and Hongyan and Hanhua are not listed on the market. There are nearly a hundred companies, including Hongmeng Bing and Hongmeng No. 1 store, which are worth tens of billions of dollars.
Plus bond underwriting, financial auditing, financing services and more.
A Golden Caesar can bring at least tens of millions or even hundreds of millions of dollars in income to Goldman Sachs every year.
How stupid would someone choose to offend such a big customer? " Blankfein said.
A trace of gloom flashed in Gorman's eyes.
He always felt that this bastard was containing him.
But the other party was indeed right, the benefits from Golden Caesar were too huge.
“Lloyd, don’t forget, Hanhua is also engaged in investment banking business.”
“I know. But their focus is in China, where we can’t enter in the first place. And , according to Hanhua's current development speed, within five to ten years, they will only be in China and Southeast Asia.
It will not threaten Goldman Sachs' core interests.
So, as long as it is. Mr. Xu has brought us more benefits than losses, and he has always been Goldman Sachs’ most valued client and friend,” Blankfein said.
Looking at his calm look, Gorman couldn't help but sigh in his heart.
“No wonder this guy can replace Thornton and Lane and become the CEO of Goldman Sachs. This profit-first approach is more in line with me at Goldman Sachs.”
“If we help Golden Caesar "I'm afraid it will be difficult for Old Soros to explain," Gorman said with a smile.
“There is no need to explain, unless they come up with enough benefits.”
“It seems that in this war, you are more optimistic about Golden Caesar.”
Blankfein shook his head, "Both parties have made a lot of preparations that we don't know about, so I am not more optimistic about who is more optimistic. The reason for the decision just now is that Golden Caesar can bring more benefits to Goldman Sachs now."
He doesn't care who wins or loses, nor what country or race, he only cares about money.
Whoever can make Goldman Sachs the most money, he will help without hesitation.
Gorman raised his thick eyebrows. Although he understood Blankfein's position, he could not fully agree.
In his eyes, money is of course important. But more important are connections and relationships.
After all, he cannot sit in the position of CEO of JP Morgan forever. There will always be a day when he will abdicate and make way for someone better.
His deep personal connections will allow him to develop well after leaving Morgan Stanley, and even join the Federal Reserve or the Treasury Department like many of his peers.
Therefore, he was unwilling to offend Soros, Ellison and some of the blue-blood nobles behind them too much.
Based on this position, he is more inclined to help Old Soros and the others win.
But as Blankfein said, the benefits Xu Liang can bring are too huge.
Especially the unlisted companies under his ownership.
If he joins the old Soros camp, the underwriting contracts for Hongmeng's subsidiaries obtained by JP Morgan will immediately be invalidated.
This is something he can't stand.
That’s why I chose to stay out of it.
Dong Dong...
There was a sudden knock on the door.
“Come in.”
A tall blonde wearing a black hip-hugging skirt opened the door and walked in.
“BOSS, Mr. Xu is here.”
The two looked at each other, quickly stood up and walked towards the door.
Soon, Xu Liang, who was wearing a white T-shirt and light gray sweatpants, walked in with a majestic figure.
"James, Lloyd, I shouldn't be late, right?"
"No, the time is just right."
Gorman stepped forward with a smile and gave it to the other party A hug.
Blankfein smiled and just shook hands with Xu Liang.
The three of them quickly sat down.
Gorman personally took an empty wine glass, poured the red wine and handed it over.
“This is Romanée-Conti that I specially brought from New York. It is sweet and refreshing, just like tasting the taste of victory.” Gorman said meaningfully.
Xu Liang brought it over, shook it briefly, put it to his mouth and took a sip.
"It's really good. But I think it's mellow and passionate, like friendship, which becomes noble in sincerity and mutual devotion."
Gorman and Blankfein flashed a ray of light at the same time. Bare.
Everyone understood each other’s subtext.
"Xu, the progress of the US$20 billion loan is a bit too slow, and the 100% loan ratio you requested is completely messy. This is not a sincere attitude." Gorman said directly. .
"James, you know, negotiations are always about testing the other party's bottom line little by little and striving for better conditions for ourselves. The 100% loan ratio is indeed an exaggeration, but it is just to gain more room for negotiation. .
So you don't have to be upset about this. "
"No, I just hope that we can be more sincere to each other, so that we can save more time. "
"OK, I also hope that both of us can be more sincere.
But where is the bottom line of sincerity? And how do I know if you are deliberately lowering your conditions? "Xu Liang smiled.
Gorman remained silent.
He knew what the other party said was right.
Involving huge loans of tens of billions of dollars, a change of a decimal point involves a huge amount of funds.
Usually this kind of negotiation will not have any results within one or two months, or even half a year.
He wanted to speed up the process, which in itself had revealed his purpose.
"Xu, I can promise you a loan ratio of 85%. You are also an insider, so you should know very well that this is already very high."
Xu Liang smiled and said: "The loan interest rate of 4.4% is very low, but you still agreed. So the loan ratio of 85%, in my opinion, there is still room for success."
Gorman's face changed slightly. .
In the face of the facts, all his previous rhetoric pales.
"Mr. Xu, regarding the underwriting of Vivendi bonds, I have a new plan here. I wonder if you are willing to accept it?"
Blankfein, who had been silent, suddenly spoke. .
Xu Liang made a 'please' gesture.
“Goldman Sachs is willing to spend 3 billion euros to acquire the Vivendi bonds held by Hongyan.”
Looking at the calm man in front of him, Xu Liangliang felt quite surprised.
"Lloyd, do you mean to pay first and then pick up the goods?"
"Mr. Xu is Goldman Sachs' most important client. Both parties have worked together for many years. At this critical moment, he should be given The other party has more trust.”
(End of this chapter)