Reborn Tokyo Golden Age

The announcement that Nagayin was merged into Hokuto Bank and renamed Shirakawa Naganobu Bank caused a major earthquake in the banking industry.

Although Changyin was previously involved in various scandals of non-performing assets and insider trading, the stock price once fell to less than 100 yen.

But once one of the three major banks, the financial instrument in the hands of Neon Government has now been reduced to the point of being merged by a city bank.

This sudden change deeply shocked many practitioners in the banking industry. It turns out that Neon's bank can also fail.

Don't look at Shirakawa Naganobu Bank, which has the word "Naganobu", but anyone with a discerning eye knows what's going on.

Especially the word "Shirakawa" clearly made the background of this new bank clear.

A former special bank merged with a chaebol bank? Countless banks that have been involved in bad debt crises are beginning to take action.

I have to say that the cooperation between the Ministry of Finance and Hokuto Bank is off to a really good start.

Since the Ministry of Finance does not allow banks to go bankrupt, mergers are always allowed, right? After all, you did it yourself.

But although it is said to be a merger, everyone knows what is actually going on.

Bankruptcy sounds terrible. This is just a strategic cooperation.

Bai Chuanfeng has nothing to do with the outside world.

At this time, he was busy taking stock of Chang Yin's inheritance with Yu Arai and others. He swallowed a big one in one gulp, and of course he had to digest it well.

As a new bank, Shirakawa Naganobu Bank not only changed its name, but its management also underwent earth-shaking changes.

First of all, Yutori Arai, the former head of Hokuto Bank, has been promoted to the chairman of Shirakawa Naganobu Bank.

In the organizational structure of Neon Enterprises, the president is generally a position held by the president after he retires.

At the same time, the president will also be a member of the board of directors. They generally do not participate in the management of the club and will only take a stand on major decisions.

Yu Arai is already in his seventies, and his energy and physical strength are not as good as before.

At this time, it was obviously a bit difficult to hand over the complicated Shirakawa Naganobu Bank to him.

Therefore, after Bai Chuanfeng considered it and his own request to retire, the position of president was given to him.

He does not need to be personally involved in daily management and can occasionally take care of the bank. This position is suitable for him.

With Arai Yu retreating to the second line, the position of head of the bank can only be given to Yashiro Masaki.

This was one of the promises Shirakawa Kaede made when he lured him from Citibank. At the same time, after comprehensive consideration, he was the only one who was more suitable for this position as the head of Shirakawa Naganobu Bank.

As an "internationalist", Bacheng Zhengji has rich experience in multinational enterprise management.

The direction of Shirakawa Naganobu Bank's future reform is to integrate with international standards and get rid of the rigid neon traditional banking system.

So after much deliberation, Yashiro Masaki was the most suitable. As for Tabuchi, his original field was in the securities industry, and here Shirakawa Kaede left him the position of vice president.

The bond financial issues originally left by Changyin will be handed over to him, which can be regarded as the sole power.

However, when it comes to the "international faction", there are actually two other people present here, namely Katsunobu Ohnoki and Hirao Koji, the former vice president of Nagain.

They have all received training in foreign financial expertise. While they are proficient in English, they also have a good understanding of foreign capital operations.

Before Nagain was merged, Ohnoki was in charge of the "investment banking group" and Hirao was responsible for developing Nagain's international capital market in New York.

In the 1970s, Changyin also thought about transformation. The original plan was to shift from a special bank to an investment bank.

This advocacy is the goal proposed by Ohnoki, so he has been responsible for this part of the business.

But in the 1980s, the wealth of the bubble confused Changyin's heart, and he never returned to the road of speculative banking.

Although Changyin has fallen now, it still has many talents within it.

For example, Onoki and Hirao, who were sitting formally and politely in the conference room, will continue to work at Shirakawa Naganobu Bank at the invitation of Shirakawa Kaede.

However, as a "reduced general", there is no need to think about taking the first position in the bank, because it is reserved for one's own hero.

But like Tabuchi, the position of vice president of Shirakawa Naganobu Bank is more than enough based on their talents.

Although they are both vice presidents, the vice president of Nagain is quite different from the vice president of Shirakawa Naganobu Bank.

The latter is the product of the merger between the two parties. Both in terms of scale and asset health, it is much higher than the original Changyin.

Therefore, Bai Chuanfeng, who was sitting at the top, glanced around, and the expressions on everyone's faces were very satisfied.

Obviously, everyone is very satisfied with this arrangement.

"Well, we have completed the division of the original non-performing assets of Changyin with the government recycling agency.

Now, Yashiro-san, please tell us in detail about Nagain’s remaining assets. "

"Hai" Yashiro Masaki stood up and saluted with his face glowing red.

“After a round of asset division and account settlement, there are still about 11.3 trillion yen left of the original 26.6 trillion yen in loans of Nagano Bank.

Among them, RMB 1.6 trillion has been assessed as non-performing assets, and their loan guarantors are basically real estate clubs. "

Bai Chuanfeng looked at the information in his hand and nodded slightly. The list of the top ten borrowers of the original Changyin has changed a lot from the last time.

Among them, financial companies have basically disappeared, replaced by real estate and manufacturing industries.

Real estate companies at least have land as collateral, but what do financial companies have? Those stocks and bonds?

Don’t look at the half-dead state of the Neon stock market now. How can it still be profitable?

Therefore, when choosing to divide the non-performing assets, Shirakawa Kaede was the first one to kick them out.

"Except for the 1.6 trillion yuan in non-performing assets, the remaining 9.7 trillion yuan in loans are basically scattered among large and small companies.

Among them, the physical manufacturing industry accounts for the majority, with a total of more than 7,000 companies.

Kawasaki Steel, TEPCO, Nissan, Toyota, etc. are all our major customers. "

Bai Chuanfeng's eyes lit up when he heard this. After stripping away the non-performing assets, Changyin is still very attractive~

As we all know, the loan business of the physical manufacturing industry is the most stable.

In other words, the risk is low. Although the cycle is relatively long, it is more stable.

Compared with the financial industry, the probability of bankruptcy in the physical manufacturing industry is much lower than that of them.

Of course, with the advent of the Great Recession, some of the 9.7 trillion lenders will definitely go bankrupt.

However, compared with the high risks of finance and real estate, they are worth the risk Bai Chuanfeng took to swallow up all Changyin.

Besides, even if a few of them eventually went bankrupt, Shirakawa Naganobu Bank suffered losses.

The interest paid by other lenders alone is enough to settle this part of the account. It is impossible for more than 7,000 companies to go bankrupt.

If that's the case, Neon is really doomed.

So as long as you don't lose money in the end, you will make money by winning Changyin.

After all, it only cost 2 billion US dollars to acquire an entire international bank for free, and it was a bloody profit.

Now that Changyin's assets are almost understood, it's time to talk about how to dispose of them.

"Changyin originally obtained financing by issuing bonds. When will these bonds mature?"

“One-year bonds for individuals account for less than 20%, and we can fully handle this part ourselves.

Most of the five-year bonds are concentrated in the period from 1994 to 1996. Judging from our financial situation, there should be no problem. "

After listening to Yashiro's report, Bai Chuanfeng nodded and felt relieved.

Among the total loans of 11.3 trillion yuan, Changyin’s own principal is very small, less than 700 billion yuan.

The rest is raised by issuing bonds, and the borrowed money is paid back to others with interest.

However, with more than 7,000 companies paying part of the principal plus interest every month, and Hokuto Bank's own strong financial resources, Shirakawa Naganobu Bank should have no problem surviving this bond rebate period.

“Now that we are a new bank, we should no longer use Changyin’s financing model.

In the future, 20% of Shirakawa Naganobu Bank's financing will rely on bond issuance, and the remaining 80% will be provided by depositors and the stock market. "

"Hai" is not surprised by this.

As a commercial bank, the stock market and depositors' deposits are the main sources of lending funds.

Shirakawa Naganobu Bank will also be listed in the future. This is one of the conditions for acquiring Naganobu and agreeing to the Ministry of Finance. The purpose is to facilitate supervision.

After all, a giant bank can only make people feel reassured if it is placed in full view of the public.

"The future bond issuance business of Shirakawa Naganobu Bank will be troublesome for Tabuchi-san."

This was his old profession, and Tian Yuan himself stood up and accepted the order without hesitation.

“The loans to more than 7,000 companies are essentially like investment banks.

So taking into account the familiarity with the business, Ohnoki-san continues to retain your investment banking group.

In the future, on the basis of maintaining business, we can also develop new customers appropriately. "

"Hai!" Ohnoki didn't expect that he could continue to take on important responsibilities after changing his employer.

Therefore, out of gratitude, his salute became much more formal.

"As for Hirao-san," Shirakawa Kaede looked at Hirao Hongji who looked worried and smiled.

“Beimi’s business cannot be abandoned halfway, you still need to be there in person.

Of course, there are many outstanding juniors in the bank who lack opportunities for training. When the time comes, we will have to trouble Hirao-san to take care of them. "

"No problem, President Shirakawa, please leave it to me."

Judging from the situation, it seems that Shirakawa Naganobu Bank has the idea of ​​​​increasing international investment in the future, so Hirao Hongji is not dissatisfied with this arrangement.

We will also arrange training for younger generations in key departments in the future, so that the core position will not be lost in the future.

The reason why Shirakawa Kaede arranged for Hirao to go to Bei Mi was because the other party was familiar with this part of the business.

In addition, one of the purposes is to send Daimaru and Oda there to exercise. The place to major in financial theory must be Wall Street.

Shirakawa Kaede's move is already training the future successor of Shirakawa Naganobu Bank.

After arranging all the vice presidents below, Shirakawa Kaede once again set his sights on Yashiro Masaki.

"Bachinari-san, tell me. Let's briefly introduce the future business direction and goals of Shirakawa Naganobu Bank, as well as short-term and long-term measures."

"Hai" Yashiro Masaki stood up and took out the information he had prepared.