Black-Haired Genius Chaebol - Chapter 344
Only Krnovel
Episode 344: Buying the Market Itself
HSBC UK branch.
Noel Quinn looked puzzled at Barclays CEO Ashok Vaswani’s surprise visit.
“Vaswani! Come in quickly.”
‘What business does this man have here?’
I clearly remember that when I first announced that I would liquidate the Lloyd’s Insurance bonds, he expressed his opposition, but he came to me less than a day later.
Vaswani smiled his characteristically inscrutable smile.
“I came here because I wanted to hear more about the matter.”
“Oh, okay. Let’s sit down first.”
As soon as we sat down, Vaswani got to the point.
“Yesterday’s decision was a bit hasty. Barclays also has a Bitcoin swap with Ellis, so it doesn’t seem like it would be a good idea to just oppose it outright.”
“Hahaha, that’s right. Bitcoin has characteristics that are well suited to the city. So, are you willing to liquidate your Lloyd’s insurance bonds?”
“Well, then. Now that I think about it, Lloyd’s Insurance is not reading the times these days. These are not the times. It’s not like it’s a problem that can be hidden.”
“That’s right. Lloyd has too many things to hide. If the things they’ve done are exposed to the world, the repercussions won’t be as hidden as before.”
“Yes. This is the Internet age.”
“Anyway. We-”
Bam.
Just as we were about to start talking in earnest, the door suddenly opened and William Redford, head of BlackRock’s UK branch, barged in.
“Noel!”
And I was startled when I saw Ashok Vaswani, the Barclays CEO, sitting there first.
“Vaswani, you are such a lethal person.”
Vaswani shrugged his shoulders, the corners of his lips slightly raised.
“It’s fatal that you came here already.”
“Then, let’s talk and go together.”
Noel Quinn could guess the situation by now.
‘I couldn’t sit still after seeing Bill Brown.’
“William, please sit down.”
“Oh, okay.”
William sat down and glared at Vaswani.
“William, don’t look at me like that. If it weren’t for me, wouldn’t you have been in big trouble? You should be grateful instead.”
“I admit it. I was also wrong in not understanding Larry Fink’s intentions.”
‘Larry Fink?’
Only then did Noel Quinn notice.
It was clear that BlackRock, which had been involved in a $1 trillion options trade with Lloyd’s Insurance, had turned its back on Lloyd’s.
‘Bill Brown sure is scary.’
At first, he rushed in out of a desire for revenge, but as time passed and the incident deepened, Bill Brown’s fears would have gained weight.
Just by showing up once in the city, the whole city was in an uproar.
“William, did you come here with the same thoughts as Vaswani?”
“hmm?”
William glanced at Vaswani and then said to Noel Quinn.
“What are you thinking, Vaswani?”
“Of course, it’s about ending the relationship with Lloyd’s Insurance. Why are you asking when you already know everything?”
“Well, then I guess BlackRock thinks the same way.”
Noel Quinn felt bitter after hearing the answer.
“I should have agreed earlier. Some banks were shaken by BlackRock. Leesang Insurance Group in particular may not be convinced.”
“Isn’t it better? Europe should distance itself from China. As much as Europe buys Chinese products, its service industry should enter China so that it is profitable for both sides. China is now arrogant because it is giving without receiving anything in return.”
“Again, again, you’re needlessly glossing over your own mistakes.”
“Oh, hey, don’t push yourself too hard. I didn’t know either.”
“But you know.”
Noel Quinn, who had been focused on William for a moment, asked him something he was curious about.
“Why did Larry Fink join hands with Lloyd? After he got screwed by Bill Brown.”
“Hmm, hmm, I don’t know for sure, but I think they started out betting $5 billion and when it got to $1 trillion, they were just waiting for an opportunity.”
“Really? So you’re saying you’re going to blow 5 billion dollars?”
“Shouldn’t that be the case? Man, if this fact gets out, Larry Fink is going to get some flak from investors.”
“But that’s fortunate. At least now I know. If I go all the way like Leessang─”
At that moment, a loud noise was heard outside and the door flew open.
“Noel!”
Everyone’s attention turned to the source of the noise.
And the moment I saw who it was, I was startled.
Because I was just about to talk about Lee Sang.
Friendly?
‘Why that guy? The one who was at the forefront of opposition.’
Chin-yu frowned as he entered and saw William and Vaswani sitting in their seats.
“Why are you guys here again?”
William snorted and curled his lips into a crooked expression.
“I guess it’s the same reason. You came here to hand over Lloyd’s bonds to HSBC, didn’t you? That seems right.”
Hmm, hmm.
Chin-yu coughed in vain and tried to avoid William’s gaze.
Noel Quinn quickly offered Chin-yu a seat in an attempt to ease the awkward atmosphere.
“Let’s sit down for now. I think we’ll all have to make the same choice.”
joy.
It was Chin-yu who came and sat down with a helpless gait, showing a look of discomfort.
“I’ll just sit down for now.”
Chin-yu looked between William and Vaswani and spoke to Noel Quinn.
“Are we really all gathered here with the same idea?”
“That’s right. We’re thinking of opening up a whole new Lloyd’s insurance market.”
“So that’s what I’m saying.”
Chin-yu swallowed dry saliva as if he was worried about something and then said.
“If Vitol and Trafigura share prices go above $4, HSBC, which has taken on our bonds, will suffer a huge loss. Is HSBC okay?”
“That’s why we need the Sassoons. They’ll take over all of our bonds.”
“Are the Sassoons that rich?”
“The Sassoon family’s business in Hong Kong has already been taken over by Ellis. The Sassoon family may be visible in front, but behind it is the dark side called Ellis.”
“What? Then, whether I win or lose, it’s still Ellis.”
“That would happen if we took over all the bonds of those Lloyd’s brokers.”
Huh~
Chin-yu opened his mouth as if in despair.
At this, Vaswani smiled and asked.
“Why? Did you hear anything? By the way, how did you get here? Was there something that caused you to suddenly change your mind?”
“It was there.”
Everyone’s attention was focused on Chin-yu’s mouth.
I wondered who gave up the fight after Larry Fink.
“The Chinese president is a Bill Brown fan.”
“Pan?”
“Well, that’s the only way I could put it. To be honest, I was going to invest in Lloyd’s Insurance on the condition that they would distribute the Yuan-Won CDBC in the city, but the annotators were Ki, Seung, Jeon, and Bill Brown. I got scolded so much that I had to stick to Bill Brown, regardless of whether it was CDBC or not, so I came here.”
hmm.
Noel Quinn nodded and said.
“That’s why we sent Chinese ships to the Bab el-Mandeb Strait. To prevent Somali pirates from setting up shop.”
“Huh? Is that how it is?”
“Well, China openly supports Bill Brown… … . Pro-China.”
Chin-yu looked at Noel Quinn with a displeased look at her soft words.
“why?”
“I wonder if we could spread the word about the Chinese president to the bankers in the city. Maybe we could convince the president?”
“What? You’re going to cause trouble. I don’t like having my name mentioned. That’s absolutely not allowed.”
“Oh, don’t reject it so outright. Think about it carefully. We have to win no matter what, and to do that, we need a narrative that appeals very strongly. I don’t think Joo-soo would think that badly. Maybe you can become the hero of the city.”
“hero?”
“Yes, hero. Now that we’re here, Ellis will have the upper hand, but it’s better to be sure. Maybe it could help with the circulation of the Yuan-Wan CDBC?”
hmm.
Chin-yu nodded slowly as he thought about it some more.
“That makes sense.”
“If you don’t want to take responsibility, why don’t you call the mainland right now?”
“No. I think that would be better. If you contact the mainland and it takes time, you’ll get cursed at more. Just go ahead.”
“Hahaha, I thought you would be decisive.”
“What kind of determination is that?”
Noel Quinn smiled at Chin-yu.
‘The picture is now complete. If we can package the removal of the middlemen from their representative positions as China’s will, the discord within the city will be reduced. China will get some criticism, though.’
***
Willis Towers Watson UK branch.
John Harley was reflecting on what his friend had said at the Lee Sang Insurance Group.
-Case, you have nothing to say, so go back.
In the end, with those words, the door to the representative office did not open and I had no choice but to turn around.
‘Is there something wrong with your personal appearance? Or is it a change of heart?’
It didn’t seem like that would be possible after only a few days of having a constructive conversation.
‘It’s certainly regrettable to just let the bait of the circulation of the Yuan CDBC in the city slip away. That’s right. I don’t think it’s a change of heart.’
Haha.
Suddenly, a thought of adultery made me laugh.
‘That dirty bastard. He made a promise and then clearly did that inside.’
John Harley shook his head, stroked his moustache, and leaned back in his chair.
‘I was worrying about useless things. I was just imagining dirty things for no reason.’
“zone!”
A glac case has arrived to take away John Harley’s bitterness.
But there was tension in his voice.
“Why? What’s going on now?”
He sat down with his lips quivering and immediately started glaring at someone.
“David Sassoon has made a move. He’s set up an office in the city.”
“What is that? Noel already said it anyway.”
“The problem is that quite a few of them are visiting HSBC.”
“okay?”
John Harley sat up straight.
‘What on earth are they trying to do by inciting the city bankers?’
“Noel said before that he had David Sassoon’s permission. Then HSBC could move. Why did he set up his own office?”
“It’s clear that he’s plotting something with Bill Brown.”
“That’s true, but… … I can’t quite figure out what it is.”
“It’s strange. They should be intervening in the market to boost the stock price by now, but it’s strange that they’re so quiet.”
“Could they possibly be buying the $1 trillion bonds we issued?”
“The entire $1 trillion bond?”
“It’s all a bit far-fetched, but we can secretly purchase the bonds attached to our side.”
“But we need at least 300 billion dollars… … Wait.”
John Harley pressed his fingernails to his eyebrows, lost in thought.
‘What if stock price isn’t the goal?’
While everyone is only interested in the stock prices of Vitol and Tripagura, bullets are flying from a completely different direction.
“What the hell.”
Case’s brow furrowed at the sudden outburst of profanity.
“why?”
“I think I got hit.”
“what?”
“It’s not the stock. Bill Brown is buying the market itself.”
“What are you talking about?”
“I need to meet Bill Brown.”
“What do you mean? How do you know where Bill Brown is and meet him?”
“Of course I’ll be in David Sassoon’s office. I’m going to start working there.”
John Harley jumped to his feet and walked quickly.
“Huh, explain first. Let’s go together.”
Glac Case followed John Harley in a hurry.