Chapter 512 Chaos
"300 billion yen? Are you sure you entered the correct amount?"
Baichuan Feng looked at the loan application form in front of him and almost thought he had seen it wrong.
"Hai~" Arai Yuya looked confused.
To be honest, in all his life, this was the first time he had seen a personal loan of this amount.
Theoretically, when faced with such an outrageous personal loan, the Kitato Bank branch should have directly rejected it.
But the difficulty lies in the fact that a deposit certificate is included with the loan application.
Large bank loans require collateral of equivalent value, which can be shares, various physical assets, or of course deposits in an account.
The deposit certificate provided by the other party was incredible: 325 billion yen! It was officially certified by Toyo Shinkin Bank.
Toyo Shinkin Bank is affiliated with Sanwa Bank and is a veritable large conglomerate.
As proven by the deposit certificates issued by them, their usefulness is beyond doubt.
According to banking rules, loans that use deposits as collateral can generally be up to 90% to 95% of the deposit amount.
Therefore, it seems reasonable to use 325 billion yen of certificates of deposit to borrow 300 billion yen.
This is also the reason why the Osaka Branch of Kitato Bank did not dare to make the decision. The amount is large, but the procedures seem to be complete.
However, after reading the information on the loan application form, Baichuan Feng frowned slightly.
Onoue Hiroshi, from Kanagawa, currently living in Osaka Prefecture. Born in 1930, graduated from elementary school.
I currently run a izakaya in Osaka, and as for the purpose of applying for the loan, it is stated on the form that it is for expanding the scale of business.
What kind of izakaya expansion requires 300 billion yen of funding, a resort?
Even if a new resort is built, it would not cost 3,000 yen. The entire Kakushima resort area only cost a few tens of billions.
Therefore, the reason of expanding the scale of business seems a bit ridiculous no matter how you look at it.
"Has the authenticity of this deposit certificate been verified?" Because there was something strange about it, Baichuan Feng's first reaction was to doubt the authenticity of the certificate.
Living in an extremely weird and abnormal bubble era, he would not find anything strange no matter what happened.
It wasn’t long ago that Toyota Corporation’s president was stabbed in public in a major fraud case.
Therefore, Baichuan Feng is now extremely wary of all large-scale financial transactions.
However, Arai Yu's answer was beyond his expectations. "Toyo Credit Union sent a verification receipt, and the deposit certificate is real.
Not only that, Mr. Kanda, the president of Toyo Credit Union, personally called to confirm that Onoue Hitoshi did have such a deposit with them. "
This is interesting. It took the president himself to prove it. It seems that Mr. Onoue has an extraordinary network of interpersonal relationships.
However, no matter what, Baichuan Feng was skeptical that a woman who only graduated from elementary school could have such a huge amount of savings.
"Has the Osaka branch conducted an on-site inspection of this 'Huichuan' restaurant?"
"Huh?" Arai Yu nodded. "The pub isn't that big, but the guests there are all very special.
From bank heads to corporate executives, we have everything. In addition, according to our staff, it is said that Mr. Onoue used to specialize in predicting stock market trends, and his predictions were always correct.
But since the stock market crashed, I have now switched to matchmaking and providing financing for others.”
Hmm? Baichuan Feng raised his eyebrows. Why did this message seem familiar?
He tried hard to recall for a while, and vaguely remembered that this seemed to be a joke that Ota had told him.
At that time, Shirakawa Holdings was at a critical stage in its acquisition of Fuji Heavy Industries, and Ota even met someone from the Industrial Bank there.
Later, Ota told Shirakawa Kaede about the ridiculous ceremony he had participated in as an anecdote.
This...can't be such a coincidence?
Baichuan Feng picked up the phone on the table and made a call.
"Ohta, it's me..."
Two minutes later, Baichuan Feng hung up the phone with an interesting expression on his face.
This... is really..., are all the scammers these days so arrogant?
300 billion yen, so open and aboveboard, and it’s even backed by a medium to large financial institution?
After learning that this Ooue Feng was the fortune teller, Shirakawa Feng knew that there was definitely something wrong with this loan.
How could a woman who doesn't work and only owns a small pub have assets worth hundreds of billions?
Even getting rich overnight isn't that magical, and she is now able to handle hundreds of billions of funds, so it would be a miracle if there is no problem with this.
"Arai-san, please politely decline this loan.
In addition, from now on, Toyo Credit Union will be blacklisted and we will no longer conduct any business with it."
Although Baichuan Feng didn't know what was going on with this deposit certificate, he was certain that there was a big problem.
A financial institution that dares to collude with an individual to commit fraud is really bold.
Once this kind of financial scandal breaks out, it will definitely be a fatal blow to financial institutions.
With its reputation damaged and security not guaranteed, which customer would dare to deposit money in such a vault?
"Although we rejected her, Arai-san might want to pay more attention to the Industrial Bank in Kansai in the near future."
"Huh?" Arai Yu looked puzzled.
Baichuan Feng smiled and said, "There will be another good show soon."
He just learned some incredible rumors from Ota's phone call.
Industrial Bank, there was an indescribable look in Baichuan Feng's eyes.
…
"Kanda-san, it seems that things are not going well right now."
Inside Huichuan Izakaya, Oue Feng frowned and looked unhappy.
The deposit certificate provided by Toyo Shinkin Bank did not have the expected effect.
First, the headquarters of the Kitato Bank far away in Tokyo rejected the loan, and now even the nearby Sumitomo Bank has made the same statement.
This made Ogami Feng, who had been increasingly popular among believers in recent times, in a very bad mood.
I am the "Mr. Onoue" who is respected by everyone. All the big shots treat me with courtesy. How come these two banks don't show any respect at all?
Feeling neglected, Ouei had already made a note of the two banks in his little notebook.
Oh no, forget about Sumitomo Bank. Although Sumitomo-san hasn't been here much recently, I still have to give him some face.
"Don't worry, Onoue-sama. Kitatoshi and Sumitomo are just our first steps.
Given your relationship with He Xi-san, I'm sure there won't be any problems with Industrial Bank, and we might as well give Fuji Bank a try later."
Compared to Onoue who was in a bad mood, Kanda was very open-minded.
As for bank loans, each bank has different review thresholds. Especially if you are not familiar with them, it is normal to be rejected.
On the other hand, if you have a good relationship with the senior management of the corresponding bank, then getting a loan will be an easy matter.
In fact, it’s no wonder that they failed in their first attempt, because they chose the wrong target.
Needless to say, Baichuan Feng has repeatedly ordered Kitato Bank to strictly review large personal loans.
The application for the upper tail seam, isn’t that a typical negative example?
As for the Sumitomo Bank, which is headquartered in Osaka, others may not know about her, but doesn't Sumitomo Masaru, the bank's head, know about her?
He saw the believers worshipping the Toad God. Didn’t he notice that he rarely came to Huichuan Restaurant since the stock market crash?
Having seen through illusions, he even used the seam on his tail to wake himself up from time to time.
As for the huge loan? Are you kidding me? Do you really think he is a sucker?
Besides, Sumitomo Bank itself has been in trouble recently.
So it just so happens that the two targets chosen by Tailseam are both of hell difficulty.
However, with Kanda's comfort, she regained her confidence.
Yes, considering my relationship with Hexi-san, with the deposit certificate in hand, isn't it easy to apply for a loan?
Thinking of this, Ooue Feng immediately took out the phone and dialed the other party's number.
"Moshimoshi? Is this Kawasaki-san? I'm Onoue..."
After a few minutes, Oue Feng hung up the phone in a reserved and elegant manner.
"How is Lord Onoue?" Kanda couldn't help but move closer.
"Kawanishi-san said 500 billion yen is no problem."
"Hiss~" Kanda shuddered, this... Industrial Bank is so terrifying?
Seeing Kanda's worshipful expression, Onoue's vanity was greatly satisfied.
Yes, that's the expression. Enthusiasm and admiration, it's really fascinating.
Tsk, she is worthy of being a fortune teller. It seems that her 90 billion yen is secure.
Kanda was so excited that he wanted to go to Industrial Bank to withdraw money right away.
In the following days, they repeated the same trick and borrowed a total of 300 billion yen from Fuji Bank and Dai-ichi Kangyo Bank.
However, in exchange, Ogai Feng, who received the money, purchased 270 billion yuan of Industrial Bank financial bonds.
Fuji Bank and Dai-ichi Kangyo Bank also purchased wealth management products worth 90 billion and 80 billion respectively.
Of course, the cooperation of Toyo Credit Union is also indispensable, and the previously agreed 90 billion yen funds have already arrived.
After all the steps, although it seemed that Ogai had borrowed 800 billion yen in loans, in fact, it only received 270 billion yen in the end.
The financial game is far beyond the ability of a woman with only an elementary school diploma like Onoue to understand.
But no matter what, 270 billion yen is a huge sum of money. With this money, Onoue's reputation became more and more famous, and more and more people came to see her.
Even under Kanda's instigation, Onoue established a property management company and officially entered the real estate industry.
With the media reports, Onoue was gradually given various titles such as industrialist, investor, and financier.
This is the financial chaos in Japan under the bubble. Perhaps people in later generations will never be able to imagine such a scene, right?
As for why these banks were confident in lending money to Onoue? Except for the deposit certificate endorsed by Toyo Shinkin Bank.
The current social background, policy constraints, etc. have all played a role in fueling the situation.
Since the Ministry of Finance restricts bank lending to the real estate industry, if banks want to make a profit, they will of course look for other loan businesses.
The first thing the presidents of major banks say when they arrive at their offices for meetings every day is, "Who will lend us money?"
Yes, because banks have sufficient money, it becomes a problem to lend the money out.
After all, a bank's deposit rate that is too high is not a good thing for the bank.
So when faced with large loans that came to their doorstep, big banks such as Industrial Bank and Fuji Bank simply verified the authenticity of the deposit slips and then directly made the loans.
The so-called audit system is a sham, and many people choose to lend money even though they know there are problems with it.
These are all my own achievements, how can I push the business away?
What's worse, because of his good relationship with Onoue, Industrial Bank directly gave him an unreasonably high credit limit.
What 90% of the deposit certificate? That's just talk.
In order to earn more interest, Industrial Bank directly gave 1.6 times the deposit.
The audit system is non-existent and bank executives can do whatever they want.
The future collective collapse of the banking industry had already begun to show signs in the 1990s .
But this is just a small incident in the banking industry. Even more outrageous things are happening in other major banks.
