Chapter 624 (1/2)

New York, wall street.

As a member of Wells Fargo, everyday life is full and busy.

Getting up in the morning to catch the subway to work and then leaving after nightfall is the most common normal in work.

Don't talk about foreigners who don't work overtime. Those are just losers who live a nine to five, mediocre life year after year with a meager salary.

Real elites never work overtime. For them, work is a part of life.

People only see them flying airplanes, taking yachts and living in luxury houses when they are on holiday, but they never think what they have paid for it.

It's just like rich country has a new business recently, so all employees' vacations have been cancelled, but no one will complain.

Since Wall Street flourished, there has been a crazy culture of overtime work. Normal working hours every day can't exchange for high paid jobs and high incomes.

New entrants have to maintain a daily workload of more than 15 hours in order to prevent themselves from being eliminated by this job or more hardworking colleagues.

What's more, there are plenty of elites out there who lost their jobs in the great depression, waving their resumes and trying to get another job on Wall Street.

No overtime? Getout。

”Ma'am, this is the new FCA bond issue.” The secretary put the new plan on Julie's desk.

”What is the current debt ratio of FCA?” Julie said without looking up.

For Chrysler to issue bonds again, seeking to expand production, occupy market share plan, Julie is very optimistic.

As one of the three largest auto companies in the U.S., Chrysler never had to worry about sales when it issued new shares and bonds.

It's just that different from the past, it's no longer the roaring 1920s. People's blind follow-up to the financial market will not appear in the short term.

Chrysler issued new debt this time, put forward the underwriting requirement to rich countries, which increased the risk and pressure of rich countries.

It's normal for Chrysler to worry about this. Their recent financial statements are very ugly. They have been losing money for five quarters in a row. How to keep investors confident.

Now is not the Internet age, everyone is in debt, look at the future.

In this era, five consecutive quarters of losses can make a large enterprise abandoned by all investors.

This is to put it on Chrysler. If other companies are involved, they will say that they will all be bankrupt and they will also say that they are underwriting bonds.

Although it seems that Fuguo has nothing to do with underwriting, in fact, in people's eyes, Fuguo has become the representative of the issuer in disguise from an independent third party.

If the bonds recommended by them cause losses to creditors' investments, the reputation of rich countries will also be affected.

Underwriting also has its advantages. In terms of costs, they can get 2 points.

The higher the total value of the bonds issued, the lower the proportion of expenses.

For example, large enterprises, government bonds and city bonds generally have large-scale bidding meetings, and those whose prices are low will be handed over to whoever underwrites them.

The advantages of doing so are more choices, but also can get practical benefits, less costs, and the disadvantages are the extension of the cycle and instability.

”At present, the debt ratio of FCA is 57%, and the evaluation given by risk control department is B.” The Secretary said respectfully.

B. There are a small number of risk factors, comprehensive good assets, in addition to market factors or customer subjective information fraud, the security is higher than 65%.