Text Chapter 780 Acquisition of Moody's
One stone stirs up a thousand waves!
Standard Bank Group's launch of the "Centurion Black Gold Card" is like throwing a boulder into a calm financial lake, which suddenly affected the entire global financial industry.
There's no way, it's really this so-called "Centurion Black Gold Card" is too amazing, not to mention anything else, the unlimited quota alone has already shocked many people. Not to mention, the "Centurion Black Gold Card" will also provide cardholders with the world's top membership benefits and services, especially the one "as long as you ask, we can help you make it happen" - this is too big to say.
Not only that, but the most important thing is that the "Centurion Black Gold Card" is not something that anyone can apply for if they want to, but they need an invitation from the Standard Bank Group to apply for this "Centurion Black Gold Card" that is so awesome that it explodes.
In this way, this forced style has instantly risen to the level of admiration, you know, this year's credit card is the era of vigorous development, credit life has been deeply rooted in the bones of Europeans and Americans. So, as long as it's a normal adult, who doesn't have two or three credit cards in their hands?
However, the invitation mode of the "Centurion Black Gold Card" suddenly separates the poor from the real super-rich, that is, the "Centurion Black Gold Card" is no longer just a credit card with unlimited limits, but a status symbol.
After all, the issuing bank of the "Centurion Black Gold Card" is the world's largest bank, Standard Bank Group, and it is not a great honor to be recognized by Standard Bank Group and given an unlimited credit limit?
As a result, the "Centurion Black Gold Card" instantly attracted the attention of countless rich people as soon as it was launched, and many people seemed to know whether they were the top rich people in the world now. Even, many people feel that the "Centurion Black Gold Card" should be more credible than the "Forbes Rich List". After all, Forbes just ranks you, and as for who knows if they are allowed or not, they have nothing to lose. However, the "Centurion Black Gold Card" invitation is a real proof that you are really rich, and the standard Standard Chartered Bank actually pays an unlimited credit limit - this is all real money.
As a result, a lot of people are looking at Standard Bank Group to see who exactly they will be extending an invitation to the "Centurion Black Gold Card". Moreover, everyone also wants to know what the criteria for the "Centurion Black Gold Card" invitees are - and even many people are waiting to see the jokes of the Standard Bank Group, and if they don't make it, they will really lose money.
Hehe, Su Chenyu and Jamie Dimon naturally won't let some people see jokes, because they have already had a solution for a long time, and they have been working for a long time.
Shortly after Standard Bank Group announced the launch of the "Centurion Black Gold Card", under the focus of countless people, Standard Bank Group once again released a "nuclear bomb"!
Standard Bank Group is pleased to announce that it has entered into an agreement with Dun & Bradstreet to wholly acquire its Moody's Corporation!
Yes, this Moody's is the Moody's company, the Moody's company, one of the world's three major rating agencies!
Maybe many people are not very familiar with Moody's and Dun & Bradstreet, but as long as you pay a little attention to some financial news, then it is absolutely impossible not to have heard of Moody's and Dun & Bradstreet, at least you will never have heard of the famous Moody's.
In 1975, the U.S. Securities and Exchange Commission (SEC) officially designated Moody's, Standard & Poor's, and Fitch International as "nationally recognized rating agencies", and since then the three institutions have begun their glorious road to becoming the "world's top three rating agencies".
Among the world's three major rating agencies, Moody's is best at rating institutional finance, and it is weaker than Standard & Poor's in terms of corporate ratings. However, behind Moody's there is Dun & Bradstreet, so Su Chenyu finally gave up Standard & Poor's and chose Moody's.
Many people may be even more unfamiliar with Dun & Bradstreet, but he is the world's most famous and longest-standing credit management company in the corporate credit investigation category, which can be called a well-deserved leader in the international corporate credit investigation and credit management industry.
Therefore, Moody's, who was born in Dun & Bradstreet, can be said to be very powerful in terms of credit rating, which is very urgently needed by Standard Bank Group, because they need to give the most reliable credit rating to the Credit Management Department of Standard Bank Group - which will become the most important basis for the "Centurion Black Gold Card" invitees.
You must know that for the "Centurion Black Gold Card", a key project of the Standard Bank Group, Su Chenyu and Jamie Dimon have been planning for a long time, especially the part of the invitees who judged it. In order to do the best risk control of the "Centurion Black Gold Card", Su Chenyu and Jamie Dimon further strengthened the credit management department within the Standard Bank Group - but they are still a little worried. Therefore, in order to do his best, Su Chenyu finally set his sights directly on Moody's and Dun & Bradstreet.
However, the distribution of equity behind Dun & Bradstreet is too complicated, and it also involves the largest public fund in the United States, Pilot Group, and Chase Manhattan Bank. In this way, it is very bad for Standard Bank Group, after all, these two "financial giants" exist in it, and it is difficult for Su Chenyu to completely control them.
Therefore, in the end, he could only retreat, and after discussing with Jamie Dimon, Su Chenyu chose Moody's Company, which is owned by Dun & Bradstreet, is from a famous family, has strong strength, and has simple equity - which is quite in line with Su Chenyu's appetite.
In fact, Standard Bank Group's acquisition of Moody's has already been completed, but it has not been announced, and it is just covered. However, Standard Bank Group's integration with Moody's has not stopped, and Jamie Dimon has been working on Moody's ratings' support for the "Centurion Black Gold Card" since the successful acquisition of Moody's Company.
Therefore, when Standard Bank Group announced the official launch of the "Centurion Black Gold Card", Moody's has basically completed the integration with the credit management department of Standard Bank Group, and now they are drawing up the first batch of "Centurion Black Gold Card" invitation list.
For the first batch of "Centurion Black Gold Card" invitation list, not only the credit management department of Standard Bank Group and Moody's Company are in full swing, but even Dun & Bradstreet is also providing credit management support behind the scenes.
As for why D&B was involved, hehe, it's very simple, because Standard Bank Group is now one of D&B's major shareholders. Although D&B's shareholding structure is complex and Standard Bank Group cannot complete a wholly-owned acquisition, it does not mean that it cannot acquire a part of the equity and become a major shareholder.
Therefore, behind the acquisition of Moody's by Standard Bank Group, there is a stake in Dun & Bradstreet, with which a strategic partnership has been officially reached. From now on, D&B will provide credit management support to Standard Bank Group, and together with Standard Bank Group's own credit management department and Moody's, it will form the three iron gates of credit risk control.
It has to be said that Moody's and Dun & Bradstreet do have a set of credit rating management in the field, and after their investigation and rating, a lot of the list of invitees to the "Centurion Black Gold Card" was initially drawn up by Standard Bank Group.
You must know that the invitation list of "Centurion Black Gold Card" issued by Standard Bank Group is already cautious, but after Moody's and Dun & Bradstreet conducted a comprehensive evaluation of the enterprises, assets, future development and other aspects of the "big shots" on these lists, they still picked out many "unqualified".
After a wave of credit rating investigations, Moody's gave Standard Bank Group a final list of "Centurion Black Gold Cards" — less than 100 in total.
In other words, the dozens of "invitees" on this list are the richest people in the world in the hearts of Moody's and Standard Bank Group, and they can afford to pay for the unlimited amount of the "Centurion Black Gold Card".
After reviewing the list in detail, Jamie Dimon reported it to the big boss Su Chenyu, after all, the big boss is quite concerned about the "Centurion Black Gold Card". When Su Chenyu saw this list, he had to say that Moody's was indeed quite a set, and several of the "Monopoly" who were not very outstanding this year were also on the list. However, Su Chenyu, who has crossed over from later generations, clearly knows what kind of height these future generations will go, and they are all the richest people in a region or the richest man in the invisible.
Since Boss Su has no doubts about this list, the list of the first batch of invitees to the "Centurion Black Gold Card" has been officially determined.
Soon, Blackwater formally accepted the commission of Standard Bank Group to confidentially serve invitations to all invitees, and each one was presented in person and detailed by a private "financial butler" appointed by Standard Bank Group.
From Europe and the United States to Asia, from Latin America to Africa, Blackwater sent less than 100 invitations to the "Centurion Black Gold Card" to the invitees one by one. Among these invitees, there are world-renowned big entrepreneurs and tycoons, there are the heads of consortium families hidden behind the spotlight, there are also chiefs and warlords entrenched in a country and a place, and naturally there are indispensable poor "oil dads" who only have money left - this group of people is the richest group of people in the world.
There is no doubt that the world's richest people have shown a different kind of enthusiasm in the face of the invitation of the Standard Bank Group, after all, this is the recognition of their wealth by the world's first bank!
Therefore, all the invitees agreed to join the "Centurion Black Gold Card", the top rich club......