My 1999
Chapter 941: Profits First
Ding...
The clash of goblets was crisp and pleasant, and the red wine with slight ripples glowed with rosy fluorescence under the bright light, beautiful and tempting.
James Gorman took a sip and smiled.
"It has been half a month since the last meeting in New York, and Caesar Jin has not given us a satisfactory answer until now. It seems that he has noticed it."
Blankfein put down the wine glass and said calmly: "A person who can go from a poor boy to a world-class rich man in six years is the world's top genius in terms of vision, wisdom and skills.
It's not surprising that he can find it.
I even think that he already knows many details of the 'Dragon Slaying Plan'."
"You are so optimistic about him?"
"I believe in my own judgment more." Blankfein said.
Gorman pondered for a moment and put down the wine glass in his hand.
"If everything is as you said, we may not be able to get the $20 billion loan."
"When we promised Golden Caesar an interest rate of 4.4%, but the other party was ambiguous, I knew it was unlikely."
"Ambiguous attitude? Aren't the people from Hongyan Fund very active in talking to us?" Gorman said.
"They are indeed talking, but from the feedback they get, they hope to get a 100% loan ratio, which is obviously impossible."
Generally, mortgage loans can only get 60 to 70 percent of the actual mortgage value.
If an item is worth 100 yuan, the mortgage loan can only be 60 or 70 yuan.
Now Xu Liang wants to borrow 100 yuan.
This is obviously impossible.
For banks, the risk is too great.
Gorman pondered for a moment and said, "Maybe the other party just saw the interest rate and wanted to take advantage of the loan ratio again. If we agree, we can still get the loan."
"It's possible.
Greed is the original sin in everyone's heart.
But we should be more prepared."
"What preparation?"
"If we can't get the loan, it means that Jin Kaiser has guessed or known the conspiracy behind this loan. At that time, he will not give us 14 billion euros of Vivendi bonds.
Even if he gives, it won't be too much.
If we lose these interests, those bastards on Wall Street will definitely laugh at us.
Although I don't care about these sarcasms, I can't let the interests that originally belonged to us be lost." Blankfein's tone was firm.
"What do you want to do?"
"Now both sides need sincerity." Blankfein continued with a smile, "Goldman Sachs will take out 8 billion euros in cash to directly purchase Vivendi bonds in Jin Kaiser's hands.
Pay first and then get the goods."
Gorman was stunned.
"I thought you wanted to join forces with Morgan to threaten Golden Caesar."
"Threat? No, No, Golden Caesar is our big client. There are nearly 100 unlisted companies under Hongyan and Hanhua, including Hongmeng Bing and Hongmeng No. 1 Store, which are worth tens of billions of dollars.
In addition to bond underwriting, financial auditing, financing business, etc.
A Golden Caesar can bring at least tens of millions or even hundreds of millions of dollars in revenue to Goldman Sachs every year.
How stupid would one be to choose to offend such a big client?" Blankfein said.
Gorman's eyes flashed with a haze.
He always felt that this bastard was including himself.
But the other party was right. The benefits of Golden Caesar were too lucrative.
"Lloyd, don't forget that Hanhua is also doing investment banking business."
"I know. But their focus is on China, where we can't get in anyway. Moreover, according to Hanhua's current development speed, they will only be in China and Southeast Asia within five to ten years.
It will not threaten Goldman Sachs' core interests.
So, as long as the benefits brought to us by Xu are greater than the losses, he will always be Goldman Sachs' most distinguished customer and friend." Blankfein said.
Looking at his calm appearance, Gorman couldn't help but sigh in his heart.
"No wonder this guy can replace Thornton and Ryan and become the CEO of Goldman Sachs. This kind of profit-first thinking is more in line with me at Goldman Sachs."
"If we help Jin Caesar, it may be difficult to explain to old Soros." Gorman smiled.
"No need to explain unless they offer enough benefits."
"It seems that you are more optimistic about Golden Caesar in this war."
Blankfan shook his head, "Both sides have made a lot of preparations that we don't know, so I don't think anyone is more optimistic about them. 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 does he care about 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 Blankfan's position, he couldn't fully agree with it.
In his eyes, money is of course important.
But more important are connections and relationships.
After all, he can't sit in the position of CEO of JP Morgan forever, there will always be a day to abdicate.
The deep connections can enable him to have a good development after leaving Morgan Stanley, and even like many of his peers, he can enter the Federal Reserve or the Treasury Department.
So, he doesn't want to offend Soros, Ellison and some of the blue-blooded nobles behind them too much.
Based on this position, he is more inclined to help Soros and others win.
But as Blankfein said, Xu Liang can bring too much benefits.
Especially the unlisted companies under his control.
If he joins Soros's camp, the underwriting contracts of Hongmeng's subsidiaries that JP Morgan has obtained will be invalidated immediately.
This is what he cannot tolerate.
So he chose to stay out of it.
Dongdong...
The knock on the door suddenly sounded.
"Come in."
A tall blonde in a black hip skirt pushed the door open and walked in.
"Boss, Mr. Xu is here."
The two looked at each other and quickly stood up and walked towards the door.
Soon, Xu Liang, who was wearing a white T-shirt and light gray sweatpants and had a strong figure, stepped in.
"James, Lloyd, I shouldn't be late, right?"
"No, just in time."
Gorman smiled and stepped forward to give the other party a hug.
Blankfein smiled and just shook hands with Xu Liang.
The three sat down quickly.
Gorman personally took an empty wine glass, poured the red wine into it and handed it over.
"This is the Romanee-Conti I brought from New York. It's sweet and refreshing, just like the taste of victory." Gorman said meaningfully.
Xu Liang brought it over, shook it briefly, and took a sip.
"It's really good. But I think it's mellow and passionate, just like friendship, which becomes noble in sincerity and mutual dedication."
Gorman and Blankfein's eyes flashed at the same time.
Everyone understood the other's subtext.
"Xu, the progress of the $20 billion loan is a bit too slow, and the 100% loan ratio you asked for is completely unreasonable. 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 one's own side. The 100% loan ratio is indeed exaggerated, but it is just to gain more room for negotiation.
So you don't have to be annoyed 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 the conditions?" Xu Liang smiled.
Gorman remained silent.
He knew that the other party was right.
Involving a huge loan of tens of billions of dollars, a change in a decimal point involves a huge amount of funds.
Usually, this kind of negotiation will not produce any results without one or two months, or even half a year of negotiation.
He wanted to speed up the process, which in itself exposed his purpose.
"Xu, I can promise you an 85% loan ratio. You are also an insider, and you should know 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 in my opinion, there is still room for negotiation for the 85% loan ratio."
Gorman's face changed slightly.
In the face of facts, all his previous arguments seemed pale.
"Mr. Xu, regarding the underwriting of Vivendi bonds, I have a new plan here. I wonder if you are willing to accept it?"
Blancfan, 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 Liang was quite surprised.
"Lloyd, do you mean to pay first and then pick up the goods?"
"Mr. Xu is Goldman Sachs' most important client. The two sides have cooperated for many years. At the critical moment, they should give each other more trust."
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