Chapter 308: The Bank on the Brink of Collapse

An Audi sedan drove into the Golden Gate Villa District of San Francisco and finally pulled up to the villa of Tang Jingsheng. A middle-aged man with thinning hair got out of the car and, guided by the butler, entered the villa and went to the study.

'Dear Mr. Tang, as an old friend, I am very happy to be your guest, but I don't want to hear any more about the internal struggles in your family. At the same time, I am also very curious. You are the guy who has always defended the Tang family rules, but how did you start meddling in business? Are you finally going to stop being a fossil?'

As soon as he entered the door, the middle-aged man snapped these words at Tang Jingsheng, who just smiled slightly in response: 'My old friend, we Chinese have always pay attention to the situation and act accordingly. For extraordinary things, I always have to adopt an extraordinary attitude, otherwise I will always cling to the old ways, and that would really make me an old stubborn man.'

The middle-aged man laughed, 'I see, I thought you had finally figured out that you wanted to take over the Tang family!'

Tang Jing shook his head and said, 'That's impossible. Since I chose the clan association in the first place, I won't go back on my word. Besides, it's very relaxing not to be involved in the performances.'

'What a boring guy!' The middle-aged man sitting in front of Tang Jingsheng asked with a sneer, 'So tell me, what is the matter that has brought me here this time?'

Faced with this question, Tang Jingsheng took out a video cassette and placed it on the table, pushed it in front of the middle-aged man and said to him, 'I hope it can be broadcast on the noon news. I can assure you that it is definitely very explosive news.'

The middle-aged curiously picked up the video tape, looked at it a few times, and then asked, 'Can you tell me what's in it?'

'It's a well-edited video of the recent shareholders' meeting of the Tang Bank, which records the internal divisions within the Tang family,' Tang Jingsheng replied.

Hearing the middle-aged man was dumbfounded on the spot, and looked at Tang Jingsheng like a child suffering from dementia. If he didn't know Tang Jingsheng, he would really think that this guy was joking with him. After all, for any family or enterprise, shouldn't they try their best not to expose their negative news? now that it's the Tang family's turn, why is he actively exposing such things? Isn't he worried about the impact on Tang Bank?

These thoughts made him feel that his logic was suddenly being challenged, so he had to say to Tang Jingsheng, 'If you insist, I will do you this favour, but I hope you won't regret it in the future.'

Tang Jingsheng shouldered this meaningless matter and said, 'Of course,' before getting up and leaving. After he had left, Tang Jingsheng couldn't help but laugh: 'I never thought doing such an unexpected thing feels really good. Just look at the expression on his face just now, he looks like a fool. It seems that following Zhou Ming's ideas is still the best choice.'

And with the recording was taken to the TV station, and at noon that day, the San Francisco Channel broadcast a news story about the internal division within the Tang Dynasty Bank, and aired a video of Tang An taking his League of Jealousy to oppose Tang Ran and demand his resignation.

The broadcast of this news was broadcast, it immediately caused a huge uproar in San Francisco, throughout California and even across the United States. After all, Tang Bank is one of the super banking groups with the highest market value in the United States, and its influence is huge. Moreover, in the video, what Tang An and those jealous people opposed was also so massive and determined.

'My God, the Tang Bank is the pride of our Chinese people, it is the core of stabilising the entire California financial system, how could this happen? And didn't Tang Ran go through the proper procedures when he was appointed the new chairman of the Tang Bank? Why let a young girl in her twenties take on this position? Is Tang Bank planning to

(this chapter is incomplete, please turn the page) get itself into trouble? This is a lie, isn't it?'

'In my opinion it doesn't look like it. Yesterday, there was a sniper attack on a network company and an insurance company. I was discussing with my friends why someone would dare to attack properties invested by the Tang family. Now it seems that it was actually caused by a split within the company.'

'I think I don't think we should be worrying about what will happen to Tang's Bank in the future. Rather, I'm concerned about whether Tang's Bank's problems will affect its stability. My entire life savings are in Tang's Bank. If Tang's Bank really splits up as a result, what will happen to my money?

'And I I'm currently applying for a loan from Tangren Bank, and I'm waiting to use the money to buy a house. Now it seems that Tangren Bank can't be trusted, and I have to contact other banks as soon as possible to find a solution!'

All kinds of opinions began to circulate, but the central idea was that Tang Dynasty Bank was going to go bust. Tang Dynasty Bank, which was at the centre of the storm, chose to remain silent, and its silence only deepened the panic in society.

Such fear panic was directly reflected in the stock market. On the day the video was broadcast, the share price of Tangren Bank fell by more than three percent. Although it may not seem like much much, but that is only the case for ordinary small listed companies. The real big business groups should be stable, and even if there is a profit and loss margin, it will remain at around one percent.

The reason is very simple simple: it is very difficult for such a huge enterprise to be shaken by a little speculative hot money. Otherwise, the stock price will often dive or inexplicably rise and fall, which will only attract a large number of speculators and drive away real investors. That is not the normal state of a normal enterprise.

It is precisely for these reasons that the reason why the Tang Dynasty Bank, which has always fluctuated between 0.33 and 0.34%, suddenly fell by 3% this time, instantly becoming another breaking news.

That night , on the economic channel of a San Francisco TV station, the guest commentator said: 'It is clear that the video caused the stock price of Tangren Bank to fall, but in fact, for Tangren should not be an insurmountable problem. But after the video was exposed and the stock market had already reacted, his indifference and choice of silence is now the biggest problem!

'It can be imagined imagine that all of Tangren Bank's energy has probably already been used for internal power struggles. No one cares what happens to Tangren Bank, they only care about who will end up with Tangren Bank's wealth. So if it were me I would immediately withdraw my investment from Tangren Bank. I can also foresee that the current decline is only the beginning, and that Tangren Bank will continue to face a sustained and weakening decline in the future. If investors want to minimise their losses,'

the so-called stock investment is simply about handing over your money to a company to become part of the investment target. If the market value of the investment target increases, then your money will also increase, and vice versa.

Due to the nature of stocks , most investors are obviously unwilling to continue losing money with Tang Dynasty Bank, so many people have chosen to sell their Tang Dynasty Bank shares, which has also driven the price of Tang Dynasty Bank shares to fall further.

As a result, the governor of the governor of California could not sit still. After all, Bank of Tang is the largest bank in California, not only with the largest number of depositors, but also with huge investments in various fields in California. If the entire California economy is compared to a machine, then the Tang Bank is the engine. No matter how big and advanced this machine is, once there is a problem with the engine, the whole machine will inevitably be affected. The Tang family's position at the absolute core of the California consortium also benefits from this.

Now California is the same. If there is a problem with the Tang Bank

(this chapter is not yet finished, please turn the page), then the projects he has invested in will cease to operate, some loans will also be in trouble, and financial problems will lead to even larger-scale social problems, and bank runs are inevitable.

So the the governor of California could not help but ask Don King to come and talk. When they met at the governor's holiday villa, the governor said to Don King, 'My old classmate, can you tell me what exactly is wrong with you?'

Don King spread his hands and said, 'It's the same as what you see. There was a problem within our family, but unfortunately, the situation was filmed and made the news.'

The governor shook his head helplessly and said, 'Old classmate, I think with our relationship, you don't have to use this excuse to fool me, do you? With the Tang family family and the TV station are related, and even the latest TV building was financed by your Tang Bank. Do you think they would broadcast such news at will without your consent?'

Tang Jingsheng spread his hands: 'Who knows? Maybe the ratings for San Francisco TV stations have been a bit dismal lately, so for the sake of their investors, they need to broadcast some more sensational news, such as the internal division within the Tang Dynasty Bank.'

The governor felt a bit of a headache: 'It seems you're not going to tell me, so let me ask you another way: now that this has happened, how do you plan to end it?'

Tang Jingsheng looked up at the governor and said, 'I'm not going to kid you either, old friend. I know that you're under a lot of pressure regarding the current situation of Tang Dynasty Bank. You need to worry about the possible economic economic crisis. However, I can assure you here that what you are worried about will not happen, because only the current decline can bring about the further growth of Tangren Bank in the future.'

The governor thought about this thought for a moment and nodded, saying, 'I believe you. So is this the approach of your new chieftain? Like the emperors of old, eliminating his opponents?'

Tang Jingsheng shook head and said, 'I think your wording is a bit off, Governor, because this is not so much about eliminating the opposition as it is about a bold and decisive move. It means that some people in our family have developed some very bad ideas, so we had to use some extraordinary methods to get rid of them in order to preserve the normal operation of Tang Bank. Otherwise, there would really be big trouble.'

The Governor nodded and asked, 'So you mean to say that the current situation is still in your hands?'

Tang Jingsheng nodded and said yes, the governor let out a sigh of relief: 'If that's the case, I'm relieved. But I still have a question. If I remember correctly, I made an appointment to come here with you and your niece Tang Ran today. Why is it just you who came? Does she not like meeting new people?'

Faced with this question, Tang Jingsheng's expression suddenly became awkward: 'Old classmate, I think it's better if you don't know the answer to that.'

Hearing Tang Jingsheng saying that, the governor immediately widened his eyes, his curiosity aroused. However, no matter what he thought, there was no way he could know that Tang Ran was currently just hanging out with Lin Muqing and Zhou Ming, basking in the sun by the beach.

This is what Tang Jingsheng felt embarrassed. At such an important moment, a video tape had been used to push Tang Bank to the forefront, and even the entire California economy was suffer. The culprit is actually enjoying a beach holiday, accompanied by two beautiful women, especially one of whom is the current head of the Tong family and chairman of Tong Yin Bank.

This makes Tang Jingsheng can't help but feel that he is really getting old, and this heart can never keep up with the speed of young people's thinking.

Sometimes Tang can't help but envy Zhou Ming. What good deeds did this guy do in his previous life to be so lucky in this one? It's so unfair!