Chapter 2278 Financial Satan! More than 50 banks destroyed!
After 56 large commercial banks in 35 countries around the world jointly launched a signature boycott against Chen Mo.
The financial world is boiling again!
Countless financial experts, entrepreneurs, richest people, and financial leaders followed suit and expressed their opinions:
"The Satan of the financial world, this nickname really suits Chen Mo."
"Chen Mo and his empty god camp have gone too far this time! Short selling is fine, but short selling by any means and regardless of the people of his country, I think it is no different from starting a war!"
"Chen Mo has angered the public this time. Banks around the world have jointly boycotted him. He will definitely compromise and must compromise!"
"It's so satisfying! Devils like Chen Mo who make money by stepping on the corpses of other countries' economies should be burned on the cross!"
"..."
Just when these people were still indignantly diss Chen Mo on the Internet and the media.
Something strange happened! ! !
On Moxun Weibo, Chen Mo posted a new update: "Crescent-crowned Industrial Bank, Crested National Bank, São Paulo Bank, Bari Bank..."
This update simply listed the names of 56 banks, without adding any other words.
But everyone understands what this means!
The comments under this Weibo reached more than 100,000 in an instant!
Daxia netizens left comments with great enthusiasm:
"The King of Hell has called the shots!!!"
"All the banks named by my great God of Sky are dead!"
"This is so cool! This financial war without gunpowder makes my blood boil! If the whole world unites to boycott me, I will short the whole world!!!"
"It's not hundreds of years ago anymore. Do you great powers still think threats are useful?"
"Great powers? Hehe, we are the great powers now!"
"God of Sky, beat these foreigners!!!"
"..."
The Moxun Weibo, which originally had few foreign users, saw a surge of tens of millions of foreign users in just one week because of Chen Mo's "King of Hell" behavior!
Under this Weibo post, there are rare comments from foreign netizens in different languages:
"Stop it, you Satan!! The economy is already bad. If you continue to short sell, we may not even be able to afford hamburgers!"
"It is hard to imagine what kind of demon would make banks in dozens of countries boycott it."
"You still dare to name names? Dozens of banks together can drown you with a spit from each person!"
"You are so arrogant, you will pay a heavy price for this, just wait and see!"
...
...
Headquarters of the Crested Industrial Bank.
The deputy president was sweating profusely, howling like a bereaved mother: "President, something bad has happened! Chen Mo named our bank on Weibo!"
National Bank of the Crested Country.
The top management is already in chaos.
The president kept sending SSS-level warnings to the Finance Department, asking the Finance Department to find a way to stop Chen Mo's short selling.
Bank of São Paulo of the Boot Country.
The president was sweating profusely as he read Chen Mo's Weibo.
"Calm down! Everyone, calm down! Chen Mo must be trying to scare us! All his energy should be on shorting the real estate and financial markets of Baguo now, and he won't have the time to deal with us!"
"This wave of stock price plunge... is... a technical adjustment! It will be fine after we get through it!"
Barry Bank.
All the senior executives agreed that Chen Mo's "Yanwang Call" was just a bluff.
"Chen Mo couldn't know the financial situation of our bank! Who dares to short without knowing anything?"
"Yes, our publicly released financial report is very beautiful, and no short seller will short a financial institution with a good financial situation!"
"He did this just to force us to withdraw the joint signature boycott, we have to hold on!"
Sunset Royal Bank, President Bank, West Asia Bank...
The senior executives of 56 banks were either panicked, nervous, sarcastic, or dismissive.
But no matter what their attitude was towards Chen Mo's "Yanwang Call", they all asked their subordinates to pay close attention to their own stock prices.
An hour passed.
The stock price did not change.
Two hours passed.
The stock prices of major banks did not move at all, and some even rose!
Three hours passed.
The presidents of major banks all relaxed their vigilance and breathed a sigh of relief.
Everyone believed that Chen Mo's "Yanwang Calling" would not work for these foreign banks.
After all, Chen Mo's main force was in Baguo, and Chen Mo's Kongshen camp had never attacked these countries.
Just when the major banks felt relieved.
A commotion occurred 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 occurred in Baguo, but also in Ouzhou countries, and the economy declined sharply.
Although these customers did not believe in Chen Mo's "Yanwang Calling", they were afraid of the worst.
Depositors felt that it was safer to take out the money first, and at worst, they would deposit it back after a few days when it stabilized.
Once depositors had this idea, the bank would basically have a run.
Once a run occurred, Chen Mo did not need to use any means to short sell, and market feedback could make these banks jump!
Then, at the same time, in dozens of bank headquarters in 35 countries, there were cries of grief:
"President, our stock price has dropped by more than 65% and we will be forced to stop trading!!!"
"The Financial Secretary asked us to do our best to deal with the run, but we have no money!"
"The Kong God camp launched an attack. Not only were our stock prices shorted, but a large number of bonds and assets were shorted!!!"
"I can't stand it anymore, President, go and ask the Financial Secretary for help!"
"..."
It was 1:30 pm that day.
Crested Ibis Industrial Bank announced that it had lost 82 billion euros in subprime loan investments and that its existing assets were insolvent and it filed for bankruptcy.
At 2pm that day.
Banco Bali, the largest bank in the Lanxi Empire, announced that all 20 of its funds were bankrupt due to losses on subprime bond investments, and its stock price fell by 70%.
It was half past three that afternoon.
Sunset Empire Northern Rock Bank 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 10 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 suspended operations or delisted and suspended trading.
So far, many nouns and nicknames related to Chen Mo, such as "Sky God", "Financial Satan", "King of Hell", etc., have been completely spread in the Western financial world...
