243: Goldman Sachs' Asia-Pacific operations have completely collapsed! Time to divide the spoils!
Wang Lin finally experienced the troubles that come with fame.
He could even be recognized on the 318 route, which wasn't even famous yet.
In the past, the probability of this happening was likely less than 1%!
But fortunately, it wasn't a big deal!!
On the other side of the Atlantic Ocean.
Kevin was also staring at the trading screen every day, watching the A-share market, Goldman Sachs' US Stock Market, and the futures market.
Staring at the trends of all these markets that were blooming simultaneously.
But the longer he watched the market, the more despair he felt.
The promises made by Morgan Ored had never been fulfilled.
He had even gone missing recently.
The sky has fallen!!
Recently, according to his understanding, some clients within the Asia-Pacific Region company, especially the old ones.
Several real estate companies had started terminating their cooperation and were seeking out other Trust Institutions.
The impact of this situation was the worst.
It meant that the golden reputation of Goldman Sachs was no longer trusted by them!
Kevin had now been issued a final ultimatum by the headquarters; if he didn't handle this situation well, he would not only lose his position, but his entire future career plan, and even his personal safety, would be jeopardized.
Goldman Sachs Asia Pacific Region's years of strategic planning had actually led to such consequences due to one 'unintentional' operation by Kevin.
This was something none of them had anticipated.
David Solomon no longer wanted to see Kevin.
He truly hadn't expected that because of Kevin alone, their Goldman Sachs General Company was now almost dragged down with him.
The company's current stock price fluctuations, investments in bulk commodities, margin, and market trust levels.
Completely collapsed!
On the front lines, Wang Lin, leading Junlin Finance and four trust companies, was aggressively fighting for their business.
On the flanks, the capital groups of Wall Street were watching coldly, and some Institutions couldn't hold back, quietly following behind Junlin Finance to launch a small sneak attack against them.
This occurred in the stock market, the futures market, and various other sectors.
But the most crucial factor was the Morgan Family; their attitude was very subtle.
They had a cross-shareholding arrangement with Morgan Stanley, which is under the Morgan Family.
This practice also prevented some Wall Street Institutions from taking action easily, as they feared retaliation from the Morgans.
But if the Morgans completely turned against them and sought their downfall, the remaining Wall Street Institutions would swarm in like sharks smelling blood, biting and tearing frantically.
Thinking of this, David felt a wave of lingering fear.
No!
The most urgent task is to stabilize the Morgan Family!
Thinking of this, David Solomon also felt a pang of distress.
Once upon a time, their Goldman Sachs Group was incredibly powerful, one of the foremost presences on Wall Street.
Now, they had fallen so low that only their name was prestigious, while internally they had collapsed to the extreme.
Pitiful!
Deplorable!
As soon as he thought that all these problems were caused by Kevin, he wanted to throw the guy into the pacific to feed the fish right now!
.
After Wang Lin's vacation ended, he returned to Zheng County.
The bosses of the major trust companies cooperating with him had been waiting there for a long time.
Now that Goldman Sachs Asia Pacific Region's business was nearing paralysis and the headquarters could barely protect itself, launching a general offensive at this moment would be the best time!!
CITIC Trust, Ping An Trust, Sumitomo Mitsui Trust, and Daewoo Securities Co., Ltd.
These major trust companies originally would never have dared to cause trouble for a company like Goldman Sachs.
Not even if Goldman Sachs was about to collapse.
What if, what if it didn't collapse?
Given Goldman Sachs' foundation, if they truly made such an enemy, they wouldn't be able to sleep peacefully!
But with Junlin Finance taking the lead, it was fine for them to cheer from the sidelines.
Wang Lin looked at the group, but before he could speak, the boss of CITIC Trust smiled and said to Wang Lin: “Brother Lin really isn't anxious at all; at a time like this, you actually went traveling on the 318 route. I estimate that Goldman Sachs must be so busy their feet haven't touched the ground! They'll probably die of anger when they see this news!!”
Wang Lin feigned grievance and said: “All you seniors control such massive companies and possess great wealth. I am just a recent graduate entering society for the first time. Isn't it normal to take a trip with my girlfriend during New Year's Day?”
These words stunned all four people.
What the heck!?
Are these the words that chinas richest man should be saying?!
Fortunately, Wang Lin was just joking. He quickly got to the point: “Regarding Goldman Sachs Asia Pacific Region's business, specifically their real estate trust operations, several companies have 'defected,' transferring over 1 billion US dollars in custodial funds to CITIC Trust!”
This single sentence excited the remaining three companies present.
Is it finally starting?
Dividing the spoils of victory!!
Wang Lin continued: “I believe those other clients are definitely distressed right now and don't know what to do. At this time, you should start approaching them, sending them data on Goldman Sachs' failed hedging, and simultaneously utilizing all your unique secret skills—this will be the final straw that breaks the camel's back!”
“You can also raise the hedging fees for them. I only have one requirement: make them withdraw all 8 billion US dollars in custodial funds!!”
“I will cover the increased hedging fees!!”
Causing the collapse of Goldman Sachs Asia Pacific Region's business is crucial for Wang Lin's subsequent plan.
The shorting of Goldman Sachs stock has already begun.
Now we just wait for the rice to be cooked!!
Wang Xin, the boss of Ping An Trust, gasped when he heard Wang Lin's strategy.
This kid truly deserves to be in finance; his methods are ruthless.
But with operations like this, Goldman Sachs Asia Pacific Region's business will completely cease to exist!
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