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Chapter 725 Unprecedented attention

At 10:30 pm, cars passed by this street that gathered famous wealthy people from all over the world. The fastest update ┏┛

Even in the car, even those who had really had a few drinks at the dinner and were already a little taller, did not speak loudly. Staying quiet when passing through this always quiet street is their respect for the rich people next to the street.

These people who attended Feng Yiping's family dinner might despise the powerful, but they would definitely respect wealth.

But for Arm's CEO Warren East, he knew that some things had changed completely, and after today, the rest of the street would not put too much pressure on him.

He also believed that there should be many people like him, who will definitely have an enlightenment after tonight.

Peter Ball was very clear at this time. He originally felt that some of Mr. Luo’s practices and decisions today were enough to have no bottom line, but he did not expect that the CEOs of UBS and Credit Suisse, the two banks, would be like this to curry favor with Feng Yiping.

You should know that these two are the world's largest private banks, the world's largest foreign exchange dealer, and the world's largest asset manager... They can be said to be synonymous with the Swiss banking industry and a symbol of wealth.

You also need to know that everyone knows that these two families have been mortal enemies for many years and it is extremely difficult for them to appear on the same occasion.

He felt that even at the banquet of Bill Gates and Buffett, those two would not be like this.

Although he is not sure what kind of result will be compared with those two, he and many people are sure that Feng personally holds more cash than those two, or simply more than everyone in the world.

Will the new Forbes World Rich List be announced next month, will Bill Gates regain the position of the richest man, or will he simply make an amazing change?

When Bill Gates first as the richest man in the world, he was less than 40 years old. Is this record possible that it will be updated this year and rewritten to less than 30 years old?

The possibility is very high!

He looked at the noble and quiet mansions beside the road, thinking that in this way, Luo's rushing forward today became more and more ridiculous.

I once again saw East, who was the strength of his new boss. At this time, looking at the mansions outside the window that would have put pressure on him before, I couldn't help but wonder, will I be able to buy a property here soon?

It seems that last year, the boss's net worth increased more than most people imagined, but the background is that the old rich people including Gates and Buffett, or in the general environment last year, except for his own boss, those on the Forbes rich list in 2008 were shrinking their wealth significantly.

The boss’s vision may not be called vision, it should be... similar to God’s perspective!

By leaning on such a big tree, he believes that his wealth will have a great chance of leaping up.

And this big tree is really, the better it looks.

He glanced at the driver, took out his pocket towel to cover it, and burped gently.

Today's dinner was a very high-end social event he participated in, both the participants and the food.

In the past, when social activities like this ended, I always felt relieved and felt lost, but today it was completely different.

The feeling of relief naturally comes from the pressure of social activities, and there are many reasons for being lost. However, if it is a banquet, it is a big part of it that is not full!

Today's dinner was completely different. It was the first time he had a good meal on such an occasion.

Because those dishes were so delicious, they unknowingly ate a lot.

The reason why I am like this is mainly because the master sets an example.

Warren East originally thought that Feng Yiping made the clause in the invitation to take care of his American subordinates - oh, now he should be called his new colleague, so he set the clause in the invitation that he did not need to wear formal clothes. But now he understood that this new boss was not as considerate as he thought, so he set the clause mainly for himself.

The main purpose is to make yourself live a relaxed and comfortable life, and tonight's dinner was said to be their New Year's Eve dinner, but he really came to eat it as the New Year's Eve dinner.

The topics discussed during the meal were also focused on food and beauty. As for those who wanted to talk about the international and economic situation, because the owner was obviously not interested, they eventually disappeared.

Of course, only with the boss's strength can he have the ability to be so casual and true.

He is very envious!

…………

Not everyone has said goodbye and left at this time, and the two who came the latest are still there.

During the dinner, they were concerned about the topics they had nothing to talk about, so of course they couldn't leave like this.

Speaking of which, their lives are really hard now.

Last year, both UBS and Credit Suisse caused huge losses due to subprime mortgages. For example, UBS lost nearly US$20 billion in 2007, and even more than US$40 billion in 2008, so much so that they were as wealthy as they had to accept government bailouts last year.

After learning from the mistakes, they had simply cut off the main departments that caused the losses, the investment banking department, and turned to the business they were best at, which was also their core business and wealth management business.

But to make things worse, it should be because life is not easy. Since last year, the US government has been attacking them to help American customers hide assets from the US government to avoid taxes offshore.

It should be because of the huge losses in the subprime mortgage crisis that the US government puts more and more pressure on them. They have reached a consensus within the country, and in the end, they can only choose to reconcile with the US government.

There is no way, it seems that the crazy US government is really unable to afford to offend it because of subprime mortgages.

The reason does not make sense. They know that it is a government that always looks at others.

And this settlement will mean that they will first pay a fine of at least $500 million for this, and secondly, they will have to provide a list of some of the US customers.

The main reason why many high-asset people in the world choose Swiss banks is Switzerland's Bank Secrecy Act, which is that Swiss financial institutions can refuse the government's investigation and monitoring of customer accounts. Unless there is conclusive evidence to prove that the depositor has committed a criminal act, the account information will be permanently protected, and no government agency or even the court has the right to investigate and interfere.

Without legal documents signed by the account holder, the account information will never be known to third parties.

And their compromise will greatly affect them that they have pursued the confidentiality creed for more than 3 centuries.

In fact, they have counted that in the past few months when there was a dispute with the US government, nearly 165 billion Swiss francs, or about 190 billion US dollars in managed assets, may have been lost.

If the dispute ends, obviously, the negative impact will only be greater.

They are not aware of Feng Yiping's deposit scale in the other bank, but from their own perspective, Feng Yiping's cash deposits in their homes are as high as tens of billions of dollars, and the future growth space is huge, so it is of course worth their efforts to curry favor with them.

"Mr. Feng, thank you very much for your trust in us all the time. UBS will follow our traditions and become the best manager of your wealth,"

"I have always trusted the banks I represent," they rushed forward, and it was not in vain. Feng Yiping's response was also very enthusiastic.

"I really appreciate the professionalism and ethics of the Swiss banking industry represented by the two banks. I can clearly promise you that from now to the future, the two banks will always be my most important partner,"

For him, because there is no need for banks to help manage their finances, security and privacy are his first choice.

And in the world, it is difficult for financial institutions to do better than Swiss banks.

Compared with large financial institutions in other countries in the world, UBS and Credit Suisse, in addition to their golden signs: confidentiality, also lies in the fact that they are private banks that are not listed, and they are private banks that adopt a partnership system.

The so-called partnership system means that the operator must bear unlimited personal liability for bank operations and customer interests. This is highly valued by Feng Yiping.

With his promise, the two of you thought it was very enough, and this trip was not in vain.

"Feng, thank you, thank you for your trust," two middle-aged white men enthusiastically held Feng Yiping's hand and thanked him.

At this moment, Mr. Luo had arrived at Munich Airport and was eagerly looking forward to the arrival of the new Samsung team.

I just don’t know if his rush can end up with the effect of two Swiss banks.
Chapter completed!
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