Chapter 719 Ebb Tide

In fact, Standard Chartered Bank is also a creditor of the Emirate of Dubai, but in terms of the scale of its debt, the proportion is very low, far less than other British banks such as HSBC and Royal Bank of Scotland.

Because Standard Chartered Bank itself has a lot of business in the Middle East, the funds they issued to the Emirate of Dubai were all before Barron acquired the bank.

Since Barron became the major shareholder of Standard Chartered Bank, the bank has not participated in the financing of the Emirate of Dubai. After all, as a financial practitioner in his previous life, Barron naturally knew that after the outbreak of the subprime mortgage crisis, the sovereign debt crisis in the Emirate of Dubai would naturally not allow Standard Chartered Bank to continue to participate.

And the debts held by Standard Chartered Bank in the Emirate of Dubai have been partially repaid before, and the remaining outstanding debts can be said to be very few.

This is also the main reason why the stock price of Standard Chartered-Merrill Lynch Group did not fall too much after the outbreak of the sovereign debt crisis in the Emirate of Dubai.

Whether it is the sovereign debt crisis of the Emirate of Dubai or Greece, it shows that the impact of the subprime mortgage crisis on the global economy still exists. Therefore, it is too early to say that the economic recovery after the crisis.

Of course, the reason why these countries have such consequences due to the subprime mortgage crisis is that their economies have buried hidden dangers in the process of development.

As the saying goes, when the tide recedes, you will know who is swimming naked.

If there is no economic crisis this time, the crisis in these countries will certainly not break out now, but their hidden dangers are not non-existent, but they will be covered up in the economic prosperity.

Perhaps with development, these hidden dangers will be gradually eliminated, or these hidden dangers will become more and more deep-rooted.

If the sovereign debt crisis of the Emirate of Dubai is a very important factor because their foreign investment suffered heavy losses due to the subprime mortgage crisis, then the sovereign debt crisis of Greece is entirely because their borrowing is not used where it is really needed. It will break out sooner or later, and the later it breaks out, the more serious the consequences will be.

However, after talking to Finn Hudson, CEO of the GII Fund, Barron temporarily put this matter aside and waited for the results of their negotiations with Dubai...

Because Tamaran Ecclestone is pregnant.

Although Tamaran was not mentally prepared for her pregnancy, it seems that her emotions are relatively stable.

And she also told Barron that she would give birth to this child.

If it was before Barron’s divorce, as a "F1 Group Princess" with a very good background, Tamaran would still have some concerns about pregnancy, then now that Barron is single, her pregnancy with this child can not be regarded as an "illegitimate child".

After all, the two are in a relationship. Even if they are not married, as long as the other party is not a married man, then this kind of relationship is still very normal in Europe and the United States.

The only thing that makes Tamaran a little regretful is that although she is just pregnant and it will not affect her work too much, it is estimated that she will have to temporarily give up "The Grand Tour", a program she and the three musketeers have co-hosted, which has achieved good results - at least she will end her role in the show and move to the backstage.

However, the show can be said to be on the right track now, and even if Tamaran leaves temporarily, the impact will not be too great.

After all, compared with giving birth to a child for Barron, these work matters are relatively less important.

"The climate here in London is not very good. It's cold now. Do you want to go to a warmer place to give birth, baby?"

Barron has taken a lot of time to accompany Tamaran these days, and he said softly to the girl.

After hearing what her lover said, the girl hesitated for a moment and said:

"It's okay, mainly because my friends are all in London. If I go to other places, it's okay for me now, but I'm afraid I have to be careful when I go out in a few months..."

Tamaran looked a little worried:

"You can't always accompany me, I'm afraid I'll be bored and have no friends around me. Let's stay in London. At most, try to go out less in winter."

Since she thought so, Barron didn't continue to dwell on this topic, and asked:

"Have you told your father about this?"

"Yes, dear, after the results came out yesterday, I gave him the news..."

Tamaran smiled and said:

"He was very excited on the phone and will come back tomorrow..."

Now Barron can be indifferent to the fact that his woman is pregnant. After all, he has had many experiences before, which is completely different from the situation when he had no children in his previous life.

…

"We have improved the rules of several trust funds under your name again to ensure that at any time, the companies controlled by these trust funds will not be easily divided…"

When she returned to Yulia Moore, she handed several thick documents to Barron and said to him.

In order to be on the safe side, Barron had already placed most of the industries he currently controlled under several trust funds very early on.

This includes the Devonshire family trust fund and the Cavendish Trust Fund.

Including West Africa Holdings behind Colo's West Africa Group, there is no exception. Although this company has nothing to do with Barron on the surface, it is still controlled by an overseas offshore trust.

Perhaps the only exception is China's Tianhe Capital. After all, as a "local enterprise in China", this investment company is involved in industries that China currently does not allow foreign capital to hold. Therefore, Tianhe Capital is openly owned by Fan Bingbing and cannot be controlled through overseas offshore trusts.

Even IC Capital and Blue Valley Capital in the United States, although the controllers are Ivanta and Rebecca respectively, the main investors of these two capitals are still Barron's offshore trust.

Therefore, even if Barron dies unexpectedly, all his current industries will not fall into the hands of someone, but will be managed by these offshore trust funds.

According to the charter of these trust funds, Barron's direct descendants and some women related to him, including Bonnie, Yulia Moore, Tamaran, Ivanta, etc., will enter the management committee of these trust companies and have voting rights. In the end, the major decisions of these companies need to be decided by the vote of the management committee.

This prevents one of these people from doing something unfavorable to Barron because of selfishness - because only one or two people can't decide the major matters of these trust funds.

So what if most of the women unite?

If this really happens, it can only mean that he is a failure as a person. Then he himself is to blame for the result, so what qualifications does he have to blame others?