Chapter 2278 Financial Satan! More than 50 banks were wiped out!
After 35 large commercial banks from 56 countries around the world jointly launched a signature boycott against Chen Mo.
The financial world is boiling again!
Countless financial experts, entrepreneurs, the richest man, and financial leaders have followed suit and expressed their opinions:
"The Satan of the financial world, this nickname really suits Chen Mo."
"Chen Mo and his Sky God camp have gone too far this time! Short selling is fine, but using any means necessary and ignoring the short selling of other people is no different from starting a war in my opinion!"
"Chen Mo has angered the public this time. Banks all over the world have united to boycott him. He will definitely compromise, and he must compromise!"
"It's so satisfying! Devils like Chen Mo who make fortunes by stepping on the corpses of other countries' economies should be burned on the cross!"
"..."
And while these people were still indignantly diss Chen Mo online and in the media.
A sudden change occurred! ! !
On Moxun Weibo, Chen Mo posted a new update: "Crowned Ibis Industrial Bank, Crested Ibis National Bank, Boots Bank of São Paulo, Bari Bank..."
This update simply lists the names of 56 banks, without writing a single other word.
But everyone understands what this means!
The number of comments on this Weibo reached over 10 in an instant!
Daxia netizens left comments with great enthusiasm:
"The King of Hell has called the shots!!!"
"All the banks that I, the Great Sky God, have named are dead!"
"It's so awesome. Watching this smokeless financial war makes my blood boil! If the whole world unites to boycott me, then I will short the whole world!!!"
"It's not hundreds of years ago anymore. You great powers still think threats are useful?"
"Great powers? Hehe, we are the great powers now!"
"Kong Shen, beat these foreigners!!!"
"..."
Moxun Weibo, which originally had few foreign users, saw its number of foreign user registrations surge by tens of millions in just one week because of Chen Mo's "Yanwang Calling the Bullet" behavior!
Under this Weibo, there are rare comments from countless foreign netizens in different languages:
"Stop it, you Satan!! The economy is already in such bad shape, if you continue to be short-selling, we may not even be able to afford hamburgers!"
"It is hard to imagine what kind of evil would cause banks in dozens of countries to jointly boycott it."
"How dare you name names? Dozens of banks combined can drown you with a single spit from each of them!"
"You are arrogant and you will pay a heavy price for it, just wait and see!"
……
……
The headquarters of the Crested Industrial Bank.
The vice president was sweating profusely, howling like a bereaved mother, "President, something terrible has happened! Chen Mo mentioned our bank's name on Weibo!"
Crested Ibis National Bank.
The top management is in chaos.
The president continuously issued SSS-level warnings to the Financial Secretary, asking the Financial Secretary to find ways to stop Chen Mo's short selling.
Bank of Boot Country San Paolo.
The president was sweating profusely as he read Chen Mo's Weibo.
"Calm down! Everyone, calm down! Chen Mo must be scaring us! All his energy now should be on shorting the real estate and financial markets of Hegemony, and he won't have time to deal with us!"
"This wave of stock price plunge... is... a technical adjustment! It will be fine once we get through it!"
Barry Bank.
All senior executives agreed that Chen Mo's "King of Hell" was just a bluff.
"It's impossible for Chen Mo to know the financial situation of our bank! How can someone dare to short sell without knowing anything?"
"Yes, the financial report we released to the public is very good. No short seller will short a financial institution with a good financial condition!"
"What he is doing is nothing more than forcing us to withdraw our joint signature to boycott. We must hold on!"
Sunset Royal Bank, Sovereign Bank, West Asia Bank...
The senior executives of the 56 banks were either panicked, nervous, sarcastic, or dismissive.
But no matter what their attitude towards Chen Mo's "King of Hell" this time, they all, without exception, asked their subordinates to pay close attention to their own stock prices.
An hour passed.
The share price did not change.
Two hours passed.
The share prices of major banks remained unchanged, and some even increased!
Three hours passed.
The presidents of major banks all relaxed their vigilance and breathed a sigh of relief.
Everyone believes that Chen Mo's "King of Hell" plan will not work for foreign banks like them.
After all, Chen Mo's main force is in the overlord country, and Chen Mo's Sky God camp has never attacked these countries.
Just when the major banks feel they can rest assured.
There was a commotion at the gates of these banks!!!
It turned out that countless worried customers came to the bank to withdraw money!
Because the subprime mortgage crisis not only happened in hegemonic countries, but also affected other countries in Ouzhou, and the economic decline was severe.
Although these customers do not quite believe in Chen Mo's "God of Death's Call", they still try to be safe.
Depositors think that it is safer to withdraw their money first, and then deposit it back after a period of time when it stabilizes.
Once depositors have this kind of thinking, a bank run will basically occur.
As soon as the bank run happened, Chen Mo didn't need to use any means to short-sell. The market feedback would make these banks jump to the market!
Immediately afterwards, at the same time, in dozens of bank headquarters in 35 countries, there were wailings one after another:
"President, our stock price has fallen by more than 65%. We are forced to stop trading!!!"
"The Finance Secretary asked us to do our utmost to deal with the bank run, but we have no money left!"
"The God of Shorts camp has launched an attack. Not only are our stock prices being shorted, but a large number of our bonds and assets have also been shorted!!!"
"I can't stand it anymore, President, go and ask the Financial Secretary for help!"
"..."
It was 1: pm that day.
Crested Ibis Industrial Bank announced that it had lost 820 billion euros in subprime loan investments and that its existing assets were insolvent and it filed for bankruptcy.
At 2pm that day.
The Banque de Bari, the largest bank in the French Empire, announced that due to losses from its subprime bond investments, all of its 20 funds went bankrupt and its stock price fell by 70%.
It was half past three that afternoon.
Northern Rock Bank in the Sunset Empire encountered a serious liquidity crisis due to the subprime mortgage crisis and bank runs and asked the Financial Secretary for help.
But this behavior was quickly exposed, which only increased public panic. In the next few hours, depositors withdrew 100 billion euros.
As a result, Northern Rock Bank announced that it would cease operations. Although it did not declare bankruptcy, everyone knew that it was only a matter of time.
within the next week.
More than 50 banks such as Siana Bank, Guoyuxin Bank, Intesa Sanpaolo, etc., which announced a boycott of Chen Mo, declared bankruptcy one after another for various reasons.
Even those that have not filed for bankruptcy have all suspended operations or delisted.
Since then, many names and nicknames related to Chen Mo, such as "God of Space", "Financial Satan", and "King of Hell", have spread throughout the Western financial world...
