Silicon Valley

v2 Chapter 215: Banking crisis

Roche Pharmaceuticals has already inquired clearly and knows that Henry Williams is behind Amgen Biopharmaceuticals. However, this did not dispel its determination at all! ! !

Because it is Roche Pharmaceuticals!

Global pharmaceutical giant! ! !

Roche Pharmaceuticals was founded in 1896 and is headquartered in Basel, Switzerland. It is a century-old company whose main business scope is: medicines, medical diagnostics, vitamins and fine chemicals, and flavors and fragrances. And it leads the world in the three major medical fields of nervous system, virology, and infectious disease!

Rothman introduced to Henry the situation of Roche Pharmaceuticals.

"Chairman, as a global pharmaceutical giant, Roche Pharmaceuticals has experienced hundreds of years and accumulated countless wealth! In the 1930s, Roche Pharmaceuticals chemists synthesized vitamin C and subsequently synthesized multiple vitamins, which had a significant impact on human health. . And this also brought huge profits to Roche Pharmaceuticals. In the 1970s, Roche Pharmaceuticals was even fined for participating in the monopoly of vitamins!"

"Vitamins are indeed very profitable!" Henry murmured.

In TV commercials, pharmaceutical advertisements for vitamin supplements are almost commonplace, which shows how profitable vitamins are! Although Henry did not know how much Roche Pharmaceuticals made by selling vitamins, he must have accumulated a lot of wealth!

"Yes, vitamins are very profitable," Rocheman said. "And Roche Pharmaceuticals later added various businesses such as perfume production, and its profits doubled. As early as 1984, Roche Pharmaceuticals' antidepressant drug Roferon was awarded the US Food and Drugs. The Administration approved the sale and use, thus becoming a milestone event in the company's history. Obtaining US approval is equivalent to obtaining global recognition! Since then, only Roferon drugs, Roche Pharmaceuticals has taken away at least billions of dollars in the world!!! "

"Well, it's no wonder that Roche Pharmaceuticals is so emboldened!" Henry said, "However, compared with Williams Bank, it is not qualified!!!"

Rothman laughed when he heard the words.

"Roche Pharmaceuticals has a lot of fixed assets. But the current assets?" "I estimate it is only four or five billion US dollars!"

Rothman said with certainty: "If Williams Bank fully supports us, this acquisition will definitely be won by Amgen Biopharmaceuticals!!!"

Henry was just about to speak, at this moment. Kailena walked in with a slightly ugly face.

Henry suddenly realized that something bad would happen!

"What's the matter, Kelena?" Henry stepped forward and asked.

"Serious runs have occurred in Williams Banks across the United States, and many media have contributed to it and reported them. It has further caused depositors to panic!!!" Kailena said solemnly.

"How could this happen?!!!" Henry frowned.

"The personnel of the intelligence investigation team has sent a message saying that this run was not accidental, but a premeditated one!"

Henry sat down tight and said to Kailena: "Tell me carefully, what is going on!"

Kailena sat on the chair in front of Henry and said with a serious face: "Morgan Bank, Citibank has long wanted to do something with Williams Bank. Before that, a lot of preparations should have been made! You have passed William many times over the past year. Morgan Bank and Citibank use this to attack you, claiming that “Williams Bank is the bank of Henry Williams alone. When he wants to spend money, he will use it from Williams Bank. Take the money, one day, he will spend all the money of all the depositors!” The news was promoted by the media and caused a huge sensation. And this time, you let Williams Bank lend billions of dollars to Amgen Biopharmaceuticals. The money has far exceeded the market value of Amgen Biopharmaceuticals. Therefore, this is like a fuse being ignited. This has caused the current situation."

Kelena paused, and then said: "At present, many depositors across the United States have come to the streets to hold signs and shout slogans and carry out demonstrations!!!"

Henry's brow furrowed deeper and deeper. "What slogans do they chant?"

"Reject Henry Williams' arbitrariness, the bank's money is everyone's money! And"

"What else?"

"Also refused to lend to Amgen Biopharmaceutical Company!"

Rothman became anxious when he heard this, and looked at Henry. However, he also knows the proper measures, and understands how bad the current situation of Williams Bank is, therefore. Not much to say!

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 anymore" Henry looked at Rothman, sorry.

Rothman was a little disappointed, but he still smiled and said, "It's okay, I can understand! It's just a pity that I can't win Genentech."

"Don't be discouraged, Dr. Rothman, I will find a way!!!"

Rothman grinned reluctantly, thinking that Henry's words were just to comfort himself. Now, Williams Bank is being suppressed by the 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 we did not acquire Genentech, our company is still one of the strongest biopharmaceutical companies!"

"You are willing to give up buying Genentech?"

"Yes it is!"

"But I'm not reconciled!! If the Williams bank run is not involved in this, I would not believe it! If I abandon this acquisition, it will undoubtedly be the completion of Roche Pharmaceuticals! But how can I? Will it be so easy to get what it wants?!!!" Henry's resolute face showed maturity and calmness that was extremely inconsistent with his age, "Since you can't borrow money through the bank, then use other methods!"

With that said, Henry turned his head to look at Kailena and asked, "How much money can the Gathering Fund now have?"

When Kelena heard this, she understood Henry’s plan. After thinking about it, she replied: “There are still about one billion dollars in working capital! If you sell part of the shares of other companies, you can make up enough money to buy Genentech. No problem at all!!!"

"Then first sell some of the shares of companies with relatively low investment returns!" Henry said.

"Well, okay! It's just" Kailena said, and looked at Rothman, "You know, it takes a while to sell shares, so during this time, Dr. Rothman, you have to hold Genentech. , Don’t let Roche Pharmaceuticals acquire it. Otherwise, we will not only give up our previous efforts, but also lose a lot of it!"

If you sell shares rashly, Prestige Capital will make a lot less money!

If you sell the shares in the end but fail to acquire Genentech, then this loss fee will be considered for nothing!

Rothman also understood this. Seeing a moment of opportunity, he was immediately excited and promised: "Don't worry, Miss Kelena, we will definitely hold Genentech!!"

Henry and Kelena looked at each other, they both nodded, and then they said goodbye to Rothman.

Williams Bank urgently needs Henry to deal with it, at least to make some statements in front of the public, or the more serious the run, the Williams Bank will not be able to sustain it sooner or later. Kailena needs to go to Prestige Capital to sell shares on a large scale!

Soon, the two arrived in San Jose by private jet.

The first thing after he came, Henry let people inform the major media that he would hold a press conference at 9 o'clock tomorrow morning!

At this time, Eddie Dewey, the president of Williams Bank, hurriedly hurried, anxiously came to Henry to report the situation.

"Chairman, the matter is a bit serious! At present, more than 50,000 depositors have withdrawn their money, and the run is still continuing!"

"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, relaxed mortgage conditions, and also organized a marketing campaign of'get a gift when you apply for a card', so many depositors have been attracted to the past."

Henry nodded, expressing his understanding.

"I think that improving the service quality of banks is the key to attracting deposits and loans. For example, to provide more personalized intermediary business services such as online banking, personal financial management design, etc., we appropriately charge a portion of the intermediary business fees, and customers can spend a lot of money. Low money can enjoy high-quality services! Although raising deposit interest rates can also attract depositors, it is not a long-term solution. An increase in deposit interest rates will reduce bank revenues, which will weaken bank costs and reduce service quality. Say, it may not be a good thing! With regard to mortgages, I always adhere to a principle, that is, we must never relax the conditions of mortgages!!!"

Once the subprime mortgage crisis occurs, the banks have to collapse!

There are not a few banks in the United States that fail because of real estate every year~lightnovelpub.net~ Don’t the banks make money if they do not make money in real estate?

Henry took the high-tech route, but didn't want to ruin his bank because of real estate!

Eddie Dewey nodded and said, "Chairman, please rest assured that the bank must operate in accordance with your instructions!"

"Well, what's the problem now?"

"That's the case. Due to the serious run, the depositors are now lacking in confidence, worried that the bank will have no money, and many media are screaming bad news!"

"Well, I have sent people to inform the media that there will be a press conference tomorrow, and I will clarify some things at the press conference. In addition, hehe, if you say that Williams Bank is out of money, then let him have the money in the bank!! !"

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(To be continued.)

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