Vol 6 Chapter 77: Damn finance

nk.
After Peng San left, William glanced at the sign of the Turkish bank, and there was a glimmer of excitement and expectation in his eyes.
Unlike other countries, the full name of Turkish Bank is Turkish Commercial Bank.
It is the largest bank in Turkey and the first bank after the establishment of Turkey. Among the 1,000 largest banks in the world, Turkey ranks 96th. According to data from the Basel Bank for International Settlements, this bank has 6.8 billion U.S. dollars in Tier 1 capital.
Simply put, it is very rich.
This is pure nonsense.
As Turkey's largest commercial bank, it has Turkish state-owned capital behind it, with total bank assets reaching hundreds of billions of dollars.
Rubbing his palms, as if looking at a Turkish beauty, William took a big step and walked into the door of the Turkish bank.
"Hello, distinguished guest, welcome to visit, what can I do for you?"
Just like the description of "Million Pounds", people all over the world are open to money and have a deep worship of capital and wealth.
As soon as William arrived at the bank, the manager on duty ran over, with a disgustingly flattering smile on his face.
Ok.
This can’t be blamed for nc’s lack of dignity. William’s suit was tailor-made for him by Armani. He also carried hundreds of thousands of luxury watches. If you change to any banker, I’m afraid the performance will not be better. Where is nc a lot.
With a hypocritical courtesy, William was greeted into the bank's most senior VIP room, and when the milk tea came up, the servant straightforwardly stated his intentions.
"Hello, I am from the British Red Wolf Asset Management Company. I have a large business. I don't know if you are interested."
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Cleveland, Ohio.
Barber Ponte leaned against the fireplace, his dim eyes flashed with reminiscence.
Maybe when people get old, they always think about the past.
Seeing the drizzle outside the window, his eyes were as melancholy as autumn rain.
One hundred years ago, Cleveland was well-known for its steel and automobile manufacturing industries, as well as light industries such as oil refining, petrochemical, metal processing, textiles, and food.
Even Rockefeller’s Standard Oil Company was founded in Cleveland.
In the second half of the nineteenth century, several local wealthy individuals in Cleveland formed the Cleveland Group and formed an alliance with Rockefeller and Mellon. They used abundant coal and iron ore resources to start the steel industry, and the huge profits obtained were used by banks to develop railways and rubber industries.
After World War I, the consortium became the eighth largest consortium in the United States. After World War II, with further development, it rose to the sixth largest consortium in the United States.
Controls four of the top ten steel companies in the United States: Republic Steel, Lex Youngston, Amco Steel, and National Steel. And the two largest rubber companies in the United States: Goodyear Tire & Rubber Company and Firestone Tire & Rubber Company.
The Ponte family is one of the major shareholders of the Cleveland Group.
At that time, the Ponte family was extremely glorious, with tens of thousands of acres of private estates and endless wealth forever.
But all this changed after Barber Ponte accepted the family business.
financial!
Damn finance.
Thinking that the family business was showing signs of depression in his hands, Barberponte couldn't help but scolded in his heart.
Because, Cleveland and even the weakness of the Ponte family steel industry are inseparable from finance.
When it comes to the US steel industry, even in the era when Mellon, Rockefeller, and the Cleveland Group monopolized steel, there is no way to avoid one person.
Andrew Carnegie, known as the "Steel King".
At the end of the Civil War at the age of 29, Carnegie bought many of the latest steel production patents from Europe with a unique vision, and set up the largest steelmaking furnace in the United States at the time in the steel plant he founded with his partners.
In just ten years, Carnegie and his younger brother founded Carnegie Brothers, which accounts for one-seventh of the United States’ annual steel output.
Because of this, Carnegie has gradually become the nation's leading steel giant, and those steel companies that have fallen into crisis due to poor management have been annexed by him.
But at that time, the Cleveland Group was still the dominant player in the steel industry.
It was only in 1901 that all this began to change.
In this year, the United States Steel Company, which is now influential all over the world, was established, and this company was formed by the merger of Carnegie Steel and Morgan's United Steel Company.
It was also that year that Cleveland's dominance in the American steel industry was gradually weakened.
financial.
A concept that Barber Ponte has not yet been able to fully understand.
Steel futures, steel options, forward contracts, credit defaults.
Even if he has taken over the family business for 20 years, Barber has not been able to figure out how these things have taken away the monopoly of the family business and made U.S. Steel the absolute hegemon.
Damn financier.
A bunch of who don't produce but only know about robbery.
Hey!
Thinking of the term finance, Barber sighed helplessly.
Over the years, in order to understand what finance is, he invested in Stephen Ann’s fund. At first, he really made a lot of money for the Ponte family and reduced the operating risk a lot.
But over the years, that has lost a lot of money.
If it weren't for more than ten years of friendship, he really wanted to blow that guy's eggs.
Ding Ding Ding-
The phone rang unexpectedly, so Barber had to put away his meaningless grievances and picked up the phone.
"Barber, my friend, I'm sorry to call you back now. Before that, I was talking about cooperation with Vale in Brazil. I just arrived in San Francisco. You know, there is no phone signal there. UU看书www .uukanshu.com"
"Oh, James. It doesn't matter. I think your butler has already told you everything."
"Yes. But can you be sure that this is true? I think you know better than me that the financiers are always full of lies. Financial giants like Shen Jiannan are completely bastards."
"James. You may not know, this fund manager of mine took a lunch with Shen Jiannan for three million dollars."
"Water? A three million dollar lunch?"
"That's it... Not long ago, Shen Jiannan donated a lunch at Linton Mountain Villa. The winning bidder had three hours to have lunch with him. And my fund manager is a very smart guy. He saw an opportunity to make a fortune in it."
"I understand what you mean, but I mean, how can such a financial giant leak such an important thing?"
"Oh. You may not know, they drank a lot of alcohol, a full six bottles of alcohol stronger than whiskey. And, I think what he said is very reasonable."
"..."
"..."
"Barber, I trust your judgment, but thirty million dollars is a lot of money, and I need a little time to prepare."
"No problem. But James, I think you also understand the importance of this news. Before we make money, you must keep it secret."
"of course."
San Francisco.
James James Martin hung up the phone and thought for a long time.
Called a consultant for consultation, and he completely believed what Barber Ponte said.
However, 30 million US dollars is not a small sum. This transaction with Vale requires a large amount of funds. Where can I get the money?
After thinking about it for a while, Martin picked up the phone and called his partner.
,