Silicon Valley
Chapter 215 Bank Crisis (First)
Roche has already inquired clearly and knew that Henry Williams is behind Amgen Biopharmaceuticals. However, this has not dispelled its determination at all! ! !
Because it's Roche!
Global pharmaceutical giant! ! !
Founded in 1896 and headquartered in Basel, Switzerland, Roche is a century-old company with four main business areas: pharmaceuticals, medical diagnostics, vitamins and fine chemicals, and flavors and fragrances. And lead the world in the three medical fields of nervous system, virology, and infectious diseases!
Rothman told Henry about the situation of Roche Pharmaceuticals.
"Chairman, as a global pharmaceutical giant, Roche Pharma has accumulated countless wealth after a hundred years! In the 1930s, chemists at Roche Pharma synthesized vitamin C, and then synthesized a variety of vitamins, which had a significant impact on human health. And this also brought huge profits to Roche, in the 1970s, Roche was even fined for participating in the monopoly of vitamins!"
"Vitamin... is indeed very profitable!" Henry murmured.
In TV commercials, pharmaceutical commercials for vitamin supplements are commonplace, which shows how profitable vitamins are! Although Henry did not know how much Roche made by selling vitamins, he must have accumulated a lot of wealth!
"Yes, vitamins are very profitable," Rosman said. "And Roche later added various businesses such as perfume production, which doubled its profits. As early as 1984, the antidepressant drug Roferon developed by Roche was awarded the United States Food and Drugs. The approval of the Administration for sale and use has become a milestone event in the company's history. Approval in the United States is equivalent to global recognition! Since then, only Roferon drugs, Roche Pharma has swept away at least billions of dollars in the world!!! "
"Well, it's no wonder that Roche is so strong!" Henry said, "However, compared to Williams Bank, hehe...it's not up to the mark!!!"
Hearing this, Rothman laughed.
"Roche Pharmaceuticals has a lot of fixed assets. But what about current assets..." "I estimate it's only four or five billion US dollars!"
Rothman said firmly: "If Williams Bank fully supports us, this acquisition will definitely be the victory of Amgen Biopharmaceuticals!!!"
Henry was just about to speak. At this time, Kaelina walked in with a slightly ugly face.
Henry suddenly realized that something bad could happen!
"What's the matter, Karena?" Henry stepped forward and asked.
"Severe runs on Williams banks have occurred across the United States. Many media have contributed to the flames and made extensive reports, further causing panic among depositors!!!" Karina said solemnly.
"How could this be?!!" Henry frowned.
"The personnel of the intelligence investigation team have sent a message that this run on the run is not an accidental incident, but a premeditated one!"
Henry sat upright and said to Kaelina, "Tell me carefully. What's going on!"
Karina sat on a chapter chair in front of Henry. With a serious face, he said: "Morgan Bank, Citibank has long wanted to do something with Williams Bank. Before that, you should have made a lot of preparations! Over the past year, you have borrowed through Williams Bank many times, and the amount is huge. Morgan Bank and Citibank is attacking you with this, claiming 'Williams Bank is the bank of Henry Williams alone, and when he wants to spend money, he takes money from Williams Bank. One day, he will spend it all Savers' money!' The news caused a huge sensation in the media. And this time, you have Williams Bank loan Amgen Biopharma billions of dollars, which is far more than Amgen Biopharmaceuticals. Market capitalization. So it's like the fuse was ignited to create the current situation..."
Karina paused for a while and then said: "At present, many depositors across the United States have come to the streets to hold signs and shout slogans, and march and demonstrate!!!"
Henry's brows furrowed more and more deeply. "What slogans are they shouting?"
"Reject the dictatorship of Henry Williams, the bank's money is everyone's money! And..."
"what else?"
"And... refusing to loan Amgen Biopharmaceuticals!"
Rosman became a little anxious when he heard this, and looked at Henry. However, he also knows the sense of proportion and understands how bad the current situation of Williams Bank is, so he didn't say much!
After Henry heard the words, he was silent for a long time.
"Sorry, Dr. Rothman, I'm afraid Williams Bank can't lend Amgen Biopharmaceuticals..." Henry looked at Rothman, apologetically.
Rothman was a little disappointed, but still smiled: "It's okay, I can understand! It's just a pity that I can't win Genentech..."
"Don't be discouraged, Dr. Rothman, I'll find a way!!!"
Rothman smiled reluctantly, thinking that Henry's words were just to comfort himself. Now, Williams Bank is under pressure from American financial giants Morgan Bank and Citibank. It is conceivable how much pressure will be on Henry Williams, and he is only a 17-year-old boy...
Rothman looked at Henry with a hint of pity.
"Mr. Williams, please don't worry about Amgen Biopharmaceuticals. Even if Genentech is not acquired, our company is still one of the strongest biopharmaceutical companies!"
"Are you willing to give up the acquisition of Genentech?"
"Yes!"
"But I'm not reconciled!!! If Roche Pharmaceuticals was not involved in this Williams bank run, I firmly do not believe it! If I give up this acquisition, it will undoubtedly be equivalent to fulfilling Roche Pharmaceuticals! But how can I Will it be so easy to let it get what it wants?!!!" Henry's resolute face showed maturity and calmness that was extremely unmatched for his age, "Since you can't borrow money through the bank, you can use other methods!"
With that said, Henry turned his head to look at Kaelina and asked, "How much money does the Crowdfunding Fund have now?"
As soon as Kaelina heard this, she understood Henry's plan. After thinking for a while, she replied, "There is still about one billion dollars in liquidity! If you sell some of the shares in other companies, you will be able to collect enough funds to acquire Genentech. No problem at all!!!"
"Then sell the shares of some companies with lower investment income first!" Henry said.
"Well, okay! It's just..." Kaelina said, then looked at Rothman, "You know, it takes a while to sell shares, so during this time, Dr. Rothman, you must hold back. Genentech, don't let Roche buy it. Otherwise, we will not only lose everything we did, but also lose a lot!"
If you rashly sell shares, Prestige Capital will make a lot less money!
If you sell the shares in the end but fail to acquire Genentech, then the loss fee will be in vain!
Rothman also understood this truth. Seeing a hint of a turning point, he was immediately excited and promised: "Don't worry, Miss Carina, we will definitely hold back Genentech!!"
Henry and Kelina looked at each other, both nodded, and then said goodbye to Rothman.
Williams Bank urgently needs Henry to deal with, at least to make some public announcements, otherwise the run will get worse and Williams Bank will not be able to survive sooner or later. And Kaelina needs to return to Prestige Capital and sell shares on a large scale!
Soon, the two returned to San Jose by private jet.
The first thing after coming back, Henry asked people to inform the major media that at 9 o'clock tomorrow morning, he would hold a press conference!
At this time, Eddie Dewey, the president of Williams Bank, hurriedly rushed and came to Henry to report the situation anxiously.
"Chairman, things are a little serious! At present, more than 50,000 depositors have withdrawn their money, and the run on the bank is still going on!"
"I already understand this!" Henry asked, "Are there any new moves by Morgan Bank and Citibank?"
Eddie Dewey nodded and said, "Yes! This afternoon, they just announced an increase in deposit interest rates, relaxation of mortgage conditions, and a 'card-and-gift' marketing campaign, so many depositors were attracted... "
Henry nodded and said that he understood.
"I think improving the quality of banks' services is the key to attracting deposits and loans, such as providing more personalized intermediary services such as online banking and personal financial management design. We appropriately charge a portion of intermediary business fees, and customers can spend a lot Less money can enjoy high-quality service! Although raising the deposit interest rate can also attract depositors, it is not a long-term solution. Increasing the deposit interest rate will reduce the bank's income, but will weaken the bank's cost and reduce the quality of service. For users , may not be a good thing! For housing loans, I always adhere to a principle, that is, we must not relax the conditions of housing loans!!!”
Once the subprime mortgage crisis occurs, the banks have to collapse!
Every year in the United States, there are a lot of banks that fail because of real estate. Don’t the banks make money if they don’t make money from real estate?
Henry took the high-tech route, but he didn't want to ruin his bank because of real estate!
Eddie Dewey nodded and said, "Chairman, please rest assured that the bank will operate according to your instructions!"
"Well, what's the problem now?"
"It's like this. Due to the serious run, depositors are now less confident, worrying about the bank's lack of money, and many media are also ranting about it!"
"Well, I've had people inform the media that there will be a press conference tomorrow, and I'll clarify some things at the press conference. Also, hehe, if Williams Bank is out of money, then let them see, our bank has How much!!!"
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(To be continued ~^~)
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