Rebirth of England.

Chapter 719 Ebbing Tide

In fact, Standard Chartered Bank is also a creditor of the Emirate of Dubai, but in terms of the scale of its debt, its 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, all the funds they issued to the Emirate of Dubai were before Barron acquired the bank.

Ever since Barron became a major shareholder of Standard Chartered Bank, the bank has no longer 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 Emirate of Dubai would face a sovereign debt crisis, and it would be impossible for Standard Chartered Bank to continue to be involved.

In addition, the debts held by Standard Chartered Bank to the Emirate of Dubai have been partially repaid before, and the remaining outstanding debts are very small.

This is also the main reason why the share price of Standard Chartered Merrill Lynch did not fall too much after the sovereign debt crisis broke out 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 talk about economic recovery after the crisis.

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

As the saying goes, when the tide goes out, you'll find out who's been swimming naked.

If there had not been this economic crisis, the crises in these countries would certainly not have erupted now, but the hidden dangers do exist, they are just covered up by the economic prosperity.

Perhaps with development, these hidden dangers will be gradually eliminated, or they will become more and more ingrained.

If one of the important factors in the sovereign debt crisis of the Emirate of Dubai is that 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 erupt sooner or later, and the later it erupts, the more serious the consequences will be.

However, after talking to Finn Hudson, CEO of the GII Fund, Barron temporarily put the 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, she seemed to be emotionally stable.

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

If before Barron's divorce, as the "F1 Group Princess" with a very good family background, Tamarin would still have some concerns about getting pregnant, but now that Barron is single, her pregnancy 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, having children in 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 her pregnancy will not affect her work too much, she will probably have to temporarily give up "The Grand Tour", a program she and the Three Musketeers co-host, which has achieved good results - at least she will end her front-stage role in the program and move behind the scenes.

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

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

Barron has spent a lot of time with Tamaran these days. He said to the girl softly. Hearing her lover's words, the girl hesitated for a moment and said:

"It's okay actually. The main reason is that my friends are all in London. If I go to other places, it's not a big deal for me now, but I'm afraid I'll have to be careful when I travel in a few months..."

Tamaran looked a little worried:

"You can't always be with me. I'm afraid I'll get bored and have no friends around me. It's better for us to stay in London. At most, we can just stay out as little as possible during the winter."

Since she thought so, Barron did not continue to dwell on this topic and asked:
"Have you told your father about this?"

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

Tamaran smiled and said:

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

Now Barron has been able to take the matter of his woman being pregnant calmly. After all, he has had many experiences before this, and it is completely different from the situation in his previous life when he had no children.

……

"We have once again improved the rules of the several trust funds under your name 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.

To be on the safe side, Barron placed most of the assets he currently controls under several trust funds very early on.

These include the Devonshire family trust fund and the Cavendish Trust Fund.

This includes West Africa Holdings, which is behind Colo's West Africa Group. 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 controlling stakes. Therefore, Tianhe Capital is openly owned by Fan Bingbing, and it is impossible to control it through overseas offshore trusts.

Even for IC Capital and Blue Valley Capital in the United States, although the controlling persons 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 assets will not fall into the hands of a certain person, but will be managed by these offshore trust funds.

According to the charters of these trust funds, Barron's direct descendants and some women related to him, including Bonnie, Julia Moore, Tamaran, Ivanta and others, will all enter the management committees of these trust companies and each have voting rights. Ultimately, major decisions of these companies need to be decided by the vote of the management committee.

This prevents any of these people from doing anything to the detriment of Barron due to selfish motives - because just one or two people cannot decide on major matters concerning these trust funds.

So what if most of these women unite?
If such a thing really happened, it only shows that he is a complete failure as a person. If he is to blame for the result, what qualifications does he have to blame others?
(End of this chapter)