A few days passed slowly, and the staff of the legal department of xxx bank arrived at the morning market and began to contact the police.
By the way, prepare for the next prosecution.
The approach was very tough and they firmly determined that Shi Zhongjun was cashing out maliciously. The bank's suspension of his credit card complied with bank risk control regulations and national laws and regulations.
Ma Dezhong looked at this group of people, smiled, recorded everything in the record, and arranged for economic investigators to launch an investigation.
In about a week, the court held a hearing.
Without exception, all the reasons raised by the bank were refuted by Guan Hongsheng.
Shi Zhongjun has a stable job, an annual salary of 270,000, and his contract with the company has two years left. Purchasing a house with a credit card is considered normal consumption.
The card suspension of xxx Bank is a malicious act and violates the laws and regulations of the international financial industry.
At the same time, the police also produced the recording submitted by Shi Zhongjun, introducing the matter to a higher level of illegality.
Even though a voice changer was used for the recording, the two recordings and Shi Zhongjun's final stop formed a chain of evidence.
The court pronounced its verdict.
The xxx bank was sentenced to reinstate Shi Zhongjun’s credit card with immediate effect and to pay compensation of 30,000 yuan for mental damages.
At the same time, the circumstances of xxx Bank in this case were egregious. In order to warn future generations, xxx Bank will be severely punished.
According to the relevant national financial laws, xxx Bank will be fined ten times the amount involved in the case, with a fine of 2.4 million!
After the news came out, it immediately caused a big earthquake in the financial circle. No one expected that the morning court would dare to make such a ruling.
More than two million is not a big deal to the bank, but the impact of this incident is huge.
Bank xxx issued a statement that if it is not satisfied with the judgment, it will file a lawsuit with the higher authority.
Half a month later, Rizao City High Court heard the case and upheld the original verdict!
Bank xxx issued a statement stating that it was not satisfied with the verdict and believed that the Rizao Municipal Court was suspected of favoring local companies and filed an appeal at the Shangjing Municipal Court in the imperial capital.
More than half a month later, the Shangjing High Court held a hearing.
This time it was different. In the morning, the police provided a lot of evidence of illegal operations of xxx bank, and the High Court made a final judgment.
1. Uphold the original judgment.
Second, in view of the extremely serious violation of regulations by xxx Bank, the case will be transferred to the relevant departments for further investigation.
A week later, the relevant departments began to take action.
Bank xxx was punished, with a fine of one billion, and a three-month period of suspension for rectification. If it fails to comply with the three-month rectification, its bank qualifications will be revoked.
Two days later, the relevant departments began to crack down hard.
Fine xxx Financial Company 1.5 billion and revoke its financial license.
Punish xxx bank with a fine of RMB 500 million
Penalize xxx Bank and fine it RMB 300 million
Punish xxx bank with a fine of 800 million
Penalty was imposed on xxx Bank, with a fine of 1.2 billion, suspension of business for rectification, and revocation of the bank's financial license if it failed to comply with the rectification.
Fine xxx financial company 400 million
xxx Financial Company was fined 700 million, suspended for rectification, and its bank financial license was revoked if it failed to comply with the rectification.
Fine xxx financial company 100 million
xxx Financial Company was fined 1.1 billion, suspended for rectification, and its bank financial license was revoked if it failed to comply with the rectification.
xxx Financial Company was fined 1.8 billion, suspended for rectification, and its bank financial license was revoked if it failed to comply with the rectification.
.............................
A financial crisis has begun. More than 20 banks have been fined, more than 40 financial institutions have been fined, and more than a dozen financial companies have been fined and even ordered to suspend operations for rectification.
Relevant departments acted vigorously and vigorously, and began to vigorously rectify the financial order.
Five major banks issued public statements to lower loan interest rates and provide loan funding support to small and medium-sized enterprises.
Compared with before the case broke out, the interest rate was directly cut in half.
Some large financial companies have also issued public statements to reduce borrowing interest rates, also directly cutting them in half.
Although it seems like I can't make any money, holding on to myself is the most important thing right now.
It's okay for ordinary people to see news reports, but smart people see opportunities to change their own situations from news reports.
Start looking through relevant laws one by one to find the regulations that are most beneficial to you.
These people have a common characteristic, that is, when they swipe their cards for consumption and submit an application for installment, what they get instead of a successful installment application is a notice of card suspension due to suspicion of malicious swiping of the card.
You are required to pay all outstanding debts in one lump sum at the end of the month.
Many people are unable to pay off the items. The purchased items cannot be returned unless they have quality problems. All the money is occupied and they cannot afford to pay it back in one go.
In the end, it was overdue and was reported to the bank for credit reporting.
Now that the storm is so big, many people have similar experiences to Shi Zhongjun.
Smarter people immediately started negotiating with the bank. They were in a similar situation to Shi Zhongjun. If the bank did not revoke their overdue credit report, they would sue the bank.
After these people negotiated with the relevant departments of the bank, they determined the repayment method. After paying the first repayment, the bank also submitted an application to the central bank to cancel the application for the default record of these people.
A few days passed slowly, and the relevant departments took action again.
Fines were issued to six securities companies, with the minimum fine of 3 billion and the maximum fine of 11 billion.
Seventeen listed companies were also punished, and no fine amount was less than 2 billion.
Five listed companies were suspended from trading within a time limit for rectification, and those that failed to meet the standards were delisted.
After this incident came out, the financial market was once again shocked, and everyone was frightened.
Afraid, everyone was really afraid.
Many financial companies began to announce that they would suspend operations for self-examination.
Now everyone has woken up. The country is ruthlessly rectifying the financial order. The root cause of everything is that these people look too ugly.
More people have seen through it. When Gao Jin spoke at the forum, it must have been the instruction from above. His intention was to beat financial institutions so that they would not look bad and disrupt the country's normal financial order.
As a result, most people did not take it seriously, thinking that it would be the same as before, with heavy thunder and small rain, and nothing would happen in the end.
The root cause of the ruthless actions of relevant departments was Shi Zhongjun's case.
What xxx Bank did to Shi Zhongjun can no longer be described as breaking the bottom line, but can be described as trampling on the financial order, destroying the good situation of stability and unity.
According to the recent overdue credit cancellation applications submitted by banks to the central bank, it can be seen that too many people have had their capital chains cut off due to similar incidents.
Too many people have tainted their credit due to so-called risk control violations, which has a great impact on market consumption.
If there are no illegal operations, a large number of people can repay in installments without any stain on their credit or affecting their future in life.
Seeing such data, relevant departments strengthened their determination to rectify the situation.
Within a few days, many banks filed lawsuits against internal illegal lending personnel, claiming that they violated bank regulations and illegal lending caused heavy losses to the banks.
Hundreds of people have been prosecuted in the banking system across the country. This round of rectification has hit a very wide area.
Gao Jin was frightened when he looked at the information on his computer in his office. The country would have done nothing if it didn't take action. Once it did, the evidence would be abundant.
China's major financial events were also reported by foreign media. Big bosses in many countries were shocked. No one expected that China would have such courage to rectify its financial order.
Many big bosses began to think about whether they should also take action to rectify the situation. If they continue to let things go like this, they might be in trouble in the future.
Just when many big bosses were hesitant and unable to make a decision, the United States began to take action.
Relevant departments in the United States imposed fines on 27 financial institutions for the first time. The lowest fines were US$1.5 billion, and the highest fines were tens of billions of US dollars, leading to bankruptcy.
A week later, more than 30 fund companies and investment banks on Wall Street, large and small, were punished, with a total fine of more than 60 billion US dollars.
The news caused great shock around the world.
Is the United States crazy?
This is something that many people don't understand.
According to rumors, this big storm was initiated by the man from the Black Palace, and it was tacitly approved by Congress.
Why does Congress acquiesce to the Black House's mischief?
Many big bosses know the reason and cannot do anything else. The Ministry of Finance has no money. If they can't find a way to get some money, the government will stop.
Hundreds of billions of dollars in fines have been imposed, and most of this money has flowed into the Ministry of Finance. With this money, the government will have no problem surviving this year.
Those banks and financial institutions are very aware of what's going on here, but you can't resist, because you have indeed violated the rules, and punishing you is in line with the spirit of the law.
Everyone can only hold their noses and admit it, even if they spend money to buy peace.
After the turmoil in the United States passed, a big boss in a Southeast Asian country became tempted, and the big boss in Country H began to be tempted.
If nothing else, just to have fewer chaebol checks and balances.
After convening a group of confidants to discuss it, they started to take action. As a result, things went beyond the boss's expectations.
Banks and financial institutions, large and small, were dissatisfied with the verdict and began to appeal. Congressmen from all walks of life began to exert their efforts and found many excuses to impeach the president.
There was a lot of commotion for a while, the stock market plummeted for several days, and there were several demonstrations.
The boss started to put out the fire in a panic, but the matter ended up being unresolved.
Seeing the situation in country h, many big guys who were interested in learning from the United States gave up their inner plans.
China can play, and the United States can play.
That's because the two countries' political regimes are stable and have such economic strength that financial institutions and chaebols cannot interfere with the law and social order.
If I play along, I'm afraid there will inevitably be some turmoil in the country.
Just when the matter was about to subside, the British side took action, and the relevant departments began to issue huge fines, and there were many of them.
According to incomplete statistics, the total number of banks, financial companies, and consortiums that have been fined exceeds 70.
Relevant departments were well fed, and the British stock market was not affected. Instead, it rose due to the decline in loan interest rates.
Like China and the United States, domestic economic activity began to rise after the punishment.