Chapter 77 Damn Finance
türkiye ?? bankas?,??bank.
After Peng San left, William glanced at the Turkish bank sign, and a hint of excitement and expectation flashed in his eyes.
Unlike ordinary countries, the full name of the Turkish Bank is Turkish Commercial Bank.
It is the largest bank in Turkey and the first bank since its establishment. It is one thousand largest banks in the world, ranking 96th in Turkey. According to data from the Basel Bank of International Settlements, the bank has a first-tier capital of US$6.8 billion.
Simply put, it is very rich.
This is pure nonsense.
As Türkiye's largest commercial bank, it is behind it, with Turkish state-owned capital, with total bank assets reaching hundreds of billions of dollars.
Rubbing his palms, like looking at an iconic Turkish beauty, William took a big stroll and walked into the gate of the Turkish bank.
"Hello, distinguished guest, welcome. Is there anything you can serve you?"
Just as the Million Pounds describes, people all over the world are tempted by money and have a deep admiration for capital and wealth.
As soon as William arrived at the bank, the duty manager trotted over and had a humble smile that was so flattering that it was disgusting.
All right.
In fact, it cannot be blamed for Halit. Armani, this guy, is full of dress, is tailored for him by Armani. He also has a luxurious watch worth hundreds of thousands of dollars. If any banker comes, he will probably not perform much better than Halit.
After a false politeness, William was welcomed into the bank's top VIP room. When the milk tea came up, the guy directly told him what he wanted to come this time.
"Hello, I'm from the British Red Wolf Asset Management Company and I have a big business. I wonder if you are interested."
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Cleveland, Ohio.
Barber Ponte leaned against the fireplace, and a trace of remembrance flashed through his dim eyes.
Maybe when people get old, they always think of the past.
Looking at the drizzle outside the window, his eyes were as sad as autumn rain.
A hundred years ago, Cleveland was famous for its steel and automobile manufacturing industries. Light industries such as oil refining, petrochemicals, metal processing, textiles, and food were also of considerable scale.
Even Rockefeller's Standard Oil Company was founded in Cleveland.
In the second half of the 19th century, several local wealthy people in Cleveland jointly formed the Cleveland Group, forming alliances with Rockefeller and Meilong, using abundant coal mines and iron ore resources to start the steel industry, and the huge profits obtained were used to use banks to develop into the railway 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 became the sixth largest consortium in the United States.
It controls four of the top ten steel companies in the United States: Republic Steel, Lex Youngston, Amco Steel and National Steel. Its two largest rubber companies in the United States: Goodyear Tire Rubber and Feilstone Tire Rubber.
The Ponte family is one of the major shareholders of the Cleveland Group.
The Ponte family at that time was extremely brilliant, with tens of thousands of acres of private estates and endless wealth to enjoy forever.
But all this changed after Barber Ponte accepted the family industry.
finance!
Damn finance.
Thinking of the depressed family industry in his hands, Barber Ponte couldn't help but curse in his heart.
Because the decline of the steel industry of Cleveland and the Ponte family are all inseparable from finance.
When it comes to the US steel industry, even when Meilong, Rockefeller and Cleveland Group monopolize steel, they can't avoid one person.
Andrew Carnegie, known as the "King of Steel".
The 29-year-old Carnegie ended the Civil War. With a unique vision, she bought many of the latest steel production patents from Europe and erected the largest steelmaking furnace in the United States at that time in the steel plant she founded.
In just ten years, Carnegie and his younger brother established the Carnegie Brothers Company, with an annual steel production accounting for one-seventh of the United States.
As a result, Carnegie gradually became the leading steel giant in the United States, and steel companies that were in crisis due to poor management were annexed by him.
However, at that time, the Cleveland Group was still the overlord of the steel industry.
It was only in 1901 that all began to change.
In this year, the American Steel Company, which now has a strong influence 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 the beginning of that year that Cleveland's dominance in the U.S. steel industry was gradually weakened.
finance.
A concept that Barber Ponte has not yet fully understood.
Steel futures, steel options, forward contracts, credit defaults.
Even though he has taken over the family industry for twenty years, Barber has not yet been able to figure out how these things have snatched away the monopoly of the family industry and made the American Steel Company the absolute overlord.
Damn financier.
A bunch of bastards who don’t do anything to give birth but only know how to rob.
Why!
Thinking of the word finance, Barber sighed helplessly.
Over the years, in order to understand what finance is, he invested in Stephen Ann's fund. At first, he made a lot of money for the Ponte family and reduced the operating risks a lot.
But over the years, that damn bastard has lost a lot of money.
If it weren't for more than ten years of friendship, he really wanted to beat that guy's balls.
Ding Ding Ding--
The phone rang out unexpectedly, so Barber had to put away his meaningless resentment 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, and I just went to San Francisco, you know, there was no phone signal there."
"Oh, James. It doesn't matter. I think your butler has told you everything."
"Yes. But can you be sure that this is true? I think you know better than me. Those damn financiers are always full of lies. Financial giants like Shen Jiannan are completely bastards."
"James. You may not know that my fund manager bought a lunch with Shen Jiannan for $3 million."
"Water? Three million dollars lunch?"
"That's right... Not long ago, Shen Jiannan donated a lunch at Linton Villa, and the winner had three hours to have lunch with him. My fund manager is a very smart guy, and he saw the opportunity to make a fortune."
"I understand what you mean, but I mean, how could such a financial giant leak such an important thing?"
"Oh. You may not know, they drank a lot of wine, a full six bottles of wine that was stronger than whiskey. And, I think what he said makes a lot of sense."
“…”
“…”
"Barber, I believe your judgment, but 30 million dollars is a huge sum of money, and I need a little time to prepare."
"No problem. But James, I think you understand the importance of this news, and you must keep it confidential before we make money."
"certainly."
San Francisco.
James James Martin hung up the phone and pondered for a long time.
After calling the consultant for consultation, he completely believed Barber Ponte's words.
However, 30 million US dollars is not a small amount. This transaction with Vale requires a large amount of money. Where can I get this money?
After thinking for a while, Martin picked up the phone and dialed it to his partner.
Chapter completed!