Chapter 33 - Under financial turmoil
“What should I do now.” Warioqi is now anxious about the bank’s problems these days.
Varioki, as a banker with a good reputation in Bachava, also values his reputation. After all, without a good reputation, no one came to Wariochi’s bank to deposit money and purchase money. It can be said that Warioqi’s wish is for the development and growth of the small bank dedicated to leaving this father to him. In recent days, Warioch, a bank with a big name (Romania Development Bank), has been a little troublesome.
The name that gave him trouble is the State Bank of Russia. It turned out that Warioch’s small bank made a profit by taking low-interest payments from the National Bank of Russia and paying local people in need of funds to make a profit. This profit accounted for 60% of the Romanian Development Bank. It’s not that the National Bank of Russia wants to be a philanthropist, mainly because foreign banks need the help of locals to better expand their business. The vast majority of small banks in Romania now survive in this way. They can only rely on the local area to develop if they are weak in capital.
After the recent introduction of the Finance Act. Seeing that foreign banks and the government become more antagonistic, small banks like Wariochi are even less afraid to stand in line. One is food and clothing parents and the other is a state agency, either of them can kill their group of small banks. Now it is obvious that the time has come to force them to stand in line. The Romanian Development Bank is the brainchild of Warioć, and it will be over if they are standing wrong, so they are in trouble now.
Now Warioqi has nothing to do. Who told him that his capital is too weak and he has no ability to resist. I believe there will be other actions to force him in the follow-up. This was also what Warioqi had expected long ago, but he would never give in until the last moment. This was not because of Warioqi’s national pride, but that he couldn’t afford to lose.
Most of the small banks across the country felt the pressure of standing in line, either immediately yielding, or die-hard to the end, but most of them made the same choices as Warioqi for the same reasons.
In the palace, Carol and his son were also listening to the report of the secret probe Milok, “Now the four major foreign banks are forcing small domestic banks to stand in line. The Jiurjiu City Bank and the Iasi Farmers Bank have all fallen to them, but the domestic Most small banks are still hesitating. If a period of time passes, they will probably be unable to withstand it.”
Milock paused when he said, “Recently, many people are staring at the palace and the prime minister’s mansion. It is probably the beginning and the end of them.” After speaking, the old king waved to the secret probe, and Milock left quietly. Get out.
Carol I vented his anger after seeing Millock go. “Who do they think they are? The God of Romania? We need to ask them for forgiveness.” Edel persuaded him after seeing his father’s vent. “Father, don’t be offended by this group of vampires, they will feel the power of Romania, I promise.”
King Carol looked at his son and was very satisfied with his crown prince. Both the means and the strategy are good, but sometimes it will be a little soft-hearted. This can be honed. After a few years of training, he can afford the king’s important task.
Edell still doesn’t know his father’s mind is turning so fast, and continues: “The American loan is coming, I believe we will catch them by surprise.” Carol slowly said after listening to the crown prince’s persuasion. “Edel, my child, I know you are good at everything. This matter is mainly left to you now, and you will give me a good result, right.”
“Yes, father, I won’t let them succeed, I will give you a satisfactory result.” Edel assured his father. Then King Carol called the Prime Minister and continued to discuss the details of the action plan with the crown prince. After all, it was a matter of great importance and no one dared to relax in the slightest.
On the third night, a heavily guarded train drove to Bucharest Railway Station. The platform was full of guards. Chief Adrian and Crown Prince Guard Carust are waiting for the train on the platform.
After the train stopped at the station, an American took the lead and walked to the two royal family members to talk about it. “I’ve seen two sirs. I’m Brockley, a senior manager of Morgan Bank in Europe.” Manager Adri took the lead. “Hello Mr. Brockley, I am very glad that you can come to Romania. I believe I will give you one here. unforgettable memories.”
“Two sirs, let’s start then.”
, Carust waved to the guard behind him, and a group of people entered the carriage and counted. After all, this money matters a lot, and no one dares to take it lightly. Brockley said after bringing in Adri and Carust. “It’s all pounds according to your request.” The three people watched as a large group of guards counted the pounds in a car, and the count was finished before dawn.
A guard in charge of calculations walked up to the three of them. UU reading www.uukanshu. “There is no problem, and the quantity is the same.” Carust, who ordered the report, ordered, “Load and transport to the vault.” Turning his head, he said to the two of them. “Sorry for being missed, I’ll arrange the transportation.” The two people who were sitting a little sleepy nodded. After the chief guard went out, Brockley yawned, “I also have to take a rest. This train is exhausting me. “We arranged a room for Mr. Brockley to rest well.” Director Adrie showed an expression that a man understands.
Brockley went to enjoy his ‘rest’, but General Adrie was not so lucky, and returned to the palace to see the king and his son who had just got up for breakfast. “Your Majesty’s stuff has arrived, no problem.” “You can call Prime Minister Sturley.” Carol continued to eat breakfast after replying. Edel saw that his father was still eating, so he could only continue to eat.
After breakfast, the kingdom and the crown prince waited in the room for the prime minister. After a discussion, Prime Minister Sturley returned to the government to issue an announcement.
After careful consideration by the government, the financial bill is reasonable and feasible, and every bank needs to abide by it. Within one month, all banks are required to deliver the deposit to the Romanian Reserve Bank. Banks that have not delivered the deposit will suspend the banking business in Romania, and will not resume business until the deposit is delivered.
The Romanian Reserve Bank was co-founded by the royal family and the government. Among them, the royal family invested 6 million pounds to account for 60% of the shares, and the government provided 400 pounds to account for 40% of the shares. The main functions are 1. to formulate and be responsible for the implementation of relevant monetary policies; 2. to supervise banking institutions and protect consumers’ legal credit rights ; 3. Maintain the stability of the financial system; 4. Provide reliable financial services to the government, the public, financial institutions, and foreign institutions. 5The currency leu is issued.