Chapter 741: Decline

Before the end of March, a syndicate of banks including William Weber Capital and Standard Chartered Merrill Lynch completed an agreement with LCR Rothschild Group.

The content of the agreement is that the syndicate of William Weber Capital will package and acquire the German financial institution that LCR Rothschild Group issues CDS bonds to Wall Street banks, NM Rothschild Bank and LCR Roth at a price of 6 billion euros. Child Group's stakes in BNP Paribas and Natixis.

Among them, the shares of BNP Paribas and Natixis held by LCR Rothschild Bank alone are worth about 5.5 billion euros at this time.

Therefore, the price for their packaged acquisition of German financial institutions and NM Rothschild Bank was only 500 million euros.

However, considering that this German financial institution is involved in more than 5 billion euros, CDS bonds with the possibility of compensation tending to be realized, and NM Rothschild Bank may face compensation for its customers, then this price is considered relatively reasonable.

It can be said that after this transaction, the Rothschild family basically lost most of their industries in the financial field, and the acquisition payment of 6 billion euros, based on their company shareholdings, could only receive less than 3 billion euros. This Part of it is likely to be compensated in the subsequent shareholder claims of LCR Rothschild Group.

From now on, the Rothschild family will never regain its former glory. Apart from small shares in some companies, all they own are the red wine chateaus.

After reaching this acquisition agreement, Standard Chartered-Merrill Lynch will acquire a 5% stake in BNP Paribas at a price of 4.5 billion euros.

William Weber Capital invested 1 billion euros to acquire nearly 10% of the shares of Natixis Bank, thus increasing their shareholding in this bank to nearly 40%!

At the same time, William Weber Capital invested another 1 billion euros to acquire most of the business of NM Rothschild Bank and 60% of the shares of the German financial institution. Standard Chartered Merrill Lynch Group acquired the shares of the German financial institution. 40% shares.

Of the 1 billion euros from William Weber Capital, in addition to 500 million euros used to pay for the acquisition, the other 500 million euros were injected into NM Rothschild Bank to maintain the smooth operation of the bank.

And the Weber family used their connections to reach an out-of-court settlement with NM Rothschild's former clients. They will pay a total of 2.5 billion euros in compensation to these clients for their previous self-operated operations of NM Rothschild Bank. Impaired assets in business loss transfer.

When the acquisition of NM Rothschild Bank was completed, the bank's self-operated business still had assets of less than 3 billion euros. After selling these self-operated assets to Standard Chartered-Merrill Lynch, the funds obtained were just right. Able to pay compensation and pay the 500 million euro fine issued by the French Financial Market Authority.

A month later, after the European Central Bank and Eurozone countries confirmed that they would rescue Greece and provide Greece with an initial loan line of 25 billion euros, the shareholders of the German financial institution, William Weber Capital and Standard Chartered Merrill Lynch, also included Goldman Sachs Group and some Wall Street banks, including JPMorgan Chase, have reached an agreement. NM Rothschild Bank will transfer business worth 500 million euros to these Wall Street capitals to terminate the CDS agreement between them.

It’s not that Wall Street capital is so easy to talk to at this time, but on the one hand, Greece has been determined to receive a bailout led by the European Central Bank, and Standard Chartered-Merrill Lynch is also fully capable of providing corresponding loans to the Greek government to ensure that they repay those CDS. The borrowing involved in the agreement, so after receiving the benefits, Wall Street banks let it go.

In May, after NM Rothschild Bank finally emerged from the predicament and its business returned to normal, France's fourth largest commercial bank, Natixis Bank, announced that it would acquire NM Rothschild Bank, thereby acquiring private banking and The main business includes the investment department.

After this merger, William Weber Capital's shareholding in Natixis Bank increased to more than 60%, thus becoming the controlling shareholder of the bank, and Ashley Weber also became the chairman of Natixis Bank.

In addition, after Benjamin Rothschild served half a year in prison, he was found hanging in his single room. After investigation, the French police announced that his death was suicide.

This incident caused a lot of discussion at the time, but because at that time David Rothschild of the Rothschild family retired due to a stroke, his other nephew Alexander Rothschild had already succeeded him. He became the head of the Rothschild family, so no one soon stopped caring about this matter.

…

At this time, Barron had already arrived at Lanai Island, which he had previously acquired.

After the construction of Grace Cultural Tourism Group, Lanai Island now has more complete facilities than when Barron first acquired it.

This time Barron came with Rebecca and their daughter Jennifer for vacation.

Jennifer Cavendish, Barron's eldest daughter, will celebrate her 6th birthday next month.

Now, Jennifer has grown into a little beauty, with an exquisite angel-like appearance, making everyone like her very much.

Perhaps because she inherited the excellent genes of Barron and Rebecca, Jennifer is also very smart. Although she is only 6 years old, under the guidance of Rebecca and the private teacher she hired, Jennifer not only has excellent grades in her daily life, but also has great talent in literature and art.

Just like now, Jennifer played a piano piece in the villa, which won Barron's praise and praise.

"Next month is your birthday, baby, what gift do you want?"

Lifting his daughter up and holding her in his arms, Barron said to her affectionately.

"I hope Dad can pick me up from school once."

Jennifer said without hesitation:

"I want to introduce my friends to Dad."

It can be said that as Barron's daughter, Jennifer can have the best material conditions in the world, but at the same time, this is not perfect. At least in terms of companionship, it is difficult for Barron to be like ordinary parents.

So after hearing his daughter's words, Barron kissed her on the cheek:

"That's no problem, baby. I will hold a birthday party for you at home, and you can invite all your friends to attend."

"Really? That's great!"

After handing his daughter Jennifer to the maid beside him and asking her to take her to the beach, Barron walked to Rebecca, who had a slightly complicated expression after seeing this scene, and said:

"Baby, I think I should spend more time with the children. What do you think about letting Jennifer go back to London? Then she can let her brothers and sisters be together, so that there will be more relatives to accompany her."

In fact, this idea was not something Barron had just thought of. He had had this idea a long time ago.

After all, he already has many children, mainly in the United States and England, as well as a pair of children with Fan Bingbing in China.

If these children can live together, then at least even if Barron and their mothers have their own careers and cannot always accompany them, at least the children can cultivate feelings from an early age and will not be too lonely.