The phone rang, and Galt's assistant ran over, "Boss, Charles's phone number."
Galt was very impatient, took the phone and yelled, "If you have nothing important to do, I will kill you."
Charles was anxious, "No, George Eva insists on paying off her debts, and I can't stop her."
"FUCK, this bitch."
Galt was so anxious that he was wandering around the room. If he didn't stop George Eva from withdrawing money, he was afraid that the bank would be run out of business. It wasn't that the bank wouldn't give the money, but even if all the cash in the banks in Barry were collected, they wouldn't be able to collect more than one thousand.
100 million.
Each bank has limited liquidity. Which bank would keep so much cash in a safe?
Moreover, once this trend of crowding occurs, it will cause social panic and quickly spread to other places.
"Davidson, what do you think we should do?"
Galt ran out of ideas and asked Davidson for his opinion.
Davidson said, "She must be forced to pay back the money, otherwise this matter will go to waste."
Just as the two were thinking about countermeasures, the assistant came to report in a panic, "The boss is in trouble, and bank stocks have plummeted."
Damn——
It caused a chain reaction.
In fact, this is expected. Once a bank run occurs, it will definitely trigger a sharp decline in stocks.
Even if your bank comes forward to clarify, people won't believe it.
They only believe what they see with their own eyes.
Moreover, if this crisis of bank runs does not pass, bank stocks will not stop falling unless you have enough funds to stabilize the stock price decline.
At this moment, many reporters rushed to the streets to conduct on-site interviews. Someone caught up with George Eva and asked, "Why do you want to withdraw all the money deposited in the bank? Are you worried that the bank will collapse like the general public?"
The other party did not know the identity of George Eva, she just did a random interview.
George Eva nodded, "Now I feel that it is safer to keep the money in my own hands than in the bank."
"You see everyone is queuing up to withdraw money, which illustrates the problem."
"Didn't you see that their stocks were falling? If there were no internal problems, how could they fall like this?"
"So I suggest you stop doing interviews and go get in line!"
When the reporter saw this gesture, he said, "Thank you!"
Sure enough, she also went to line up.
Such news was broadcast on TV, leaving everyone stunned.
It is said that the truth is always in the hands of a few people. After seeing the news, these citizens became even more panicked and queued up to withdraw money at the bank.
The run is unlikely to subside anytime soon, so bank stocks will continue to fall.
Chen Fan asked in the office, "Mr. Zhao, how is the situation?"
Zhao Linlin smiled and said, "Your plan is indeed good. We don't even need to short it, and it will start to plummet on its own."
"Well, when the short position is over, go long, and when the long position is over, go short, and repeat the operation."
"They will definitely be ecstatic."
"If we do it a few more times, we will almost make back the money George Eva owes."
Don’t you want me to pay back the money?
Before I pay back the money, I made a profit first.
Chen Fan looked at the market and said, "Mr. Zhao, that's about it. Prepare to backhand and go long."
"OK!"
Zhao Linlin likes this kind of working status. In the past few days, bank stocks have plummeted by more than 30 points. Zhao Linlin took the opportunity to go short. Now Chen Fan instructed her to go long.
This means that they are going to take action. Although Zhao Linlin can predict that the other party will definitely take action to increase the stock price, she does not know where the other party wants to increase the stock price?
Where is the bottom of the market?
But Chen Fan can, he can see clearly.
After instructing Zhao Linlin to give up short selling, she started buying.
Sure enough, in order to restore market confidence, the banks had to invest real money to support the market, and they formulated a counterattack plan, hoping to use this to defeat the short sellers.
Of course they didn't expect that someone would take advantage of the troubled waters and follow them to buy a lot of stocks.
Of course, if it is a small bank stock, Zhao Linlin's operation cannot be hidden from other people's eyes.
But there are several world-class banks in Western Europe. Their size is so large that it is impossible to see the billions in and out every day.
Moreover, due to the large fluctuations during this period, the daily turnover is around 10 to 20 billion.
This also gave Zhao Linlin the opportunity to come and go as she pleased.
In two days, she bought more than 20 billion and asked Chen Fan, "How much do you think they will increase the price?"
Chen Fandao, "These people have always been self-righteous. In order to show their strength, they will definitely bring the price back to the previous price."
Everyone knows the truth. If the price drops from ten yuan to seven yuan, it means a drop of 30%.
But to go from seven yuan to ten yuan, it requires an increase of nearly 43%.
By the same token, if they want to get back to the original price, they have to increase it by at least about 43%.