At the moment when the torrential rain was pouring down, Prince Faisal also called the headquarters of Stanley and told them that the deal was cancelled.

After graduating from Duke University, he started as a management trainee at Stanley and worked his way up to the top of the management team. Although he was forced to leave Stanley due to power struggles, his experience outside the company increased his prestige. Finally, in O5, he returned to Stanley as Global Chairman of Stanley & Company. As a manager with a strong personality and vigor, he also encourages more use of his own funds to participate in various transactions, especially the FICC business. Under his instructions, the early warning mechanism of the risk control department was relaxed, and traders began to enter some high-risk trades, especially those that are more complex and dangerous, and even some areas that Stanley is not very good at. Under this aggressive strategy, Stanley's net income has grown rapidly every quarter, and the revenue from the trading business has shown a state of rapid growth, in the quarterly financial report disclosed in November O6, and in the financial report disclosed in February and May of O7, it has become the second largest source of income after interest and dividends, leaving the income from investment banking far behind.

Although in the quarterly statements disclosed in August O7, there was a significant decline. But this is due to bad market conditions and a crisis in subprime mortgages, not a problem with the ability or strategy of the traders. But even so, in this quarter......

But after the trading department ate up to $3oo dollars in mortgages, the exaggerated earnings came to an abrupt halt. Best-rated bonds have been able to maintain their prices, while those with a high risk of default have fallen by almost half. In the overall portfolio, these bonds account for half of the share...... He as CEO. He doesn't know every transaction made within the company, but he knows every loss clearly, let alone the biggest loss-making deal on Wall Street and the entire financial world.

Thankfully, there are still two months to go before the quarterly financial statements are made public, which is enough for Stanley to deal with and digest the bad debts internally...... Stanley's trading department mobilizes a global network of traders in an attempt to find a potential buyer.

In the process of the sale, Zhong Shi's Hong Kong consortium and Prince Faisal's consortium all came into the sight of Stanley's transaction sales department, and they also contacted Stanley's negotiation team, and finally in the process of bargaining, the bond was finally closed.

Although it is said that an agreement was reached with Prince Faisal's team, because in this contract of intent. The other party can completely tear up the contract now or in the first payment period or the second payment period. At the beginning, I knew that the other party had reserved leeway, but because my side was in a hurry to make a move, and the other party's offer was also the highest. So I could only pinch my nose and endure it.

Although this part of the bond has not been fully sold,. It's just that a few days later, the run on North Rock Bank, which was born on the other side of the ocean, made his heart hang again, naturally not because of any close business relationship between North Rock Bank and Stanley, but because the subprime mortgage crisis spread to the United Kingdom, although it seems to be now. The scale and magnitude of its impact remains to be seen.

It was dark, and lightning and thunder were heard in the distance. It didn't take long. The whole world was shrouded in a vast white vapour, and only the light outside the window could be faintly seen...... Retract your gaze and return to the comfortable executive chair. On his desk he piled up a thick stack of papers, in which, in addition to dealing with the issue of trading authority, there were also complicated internal struggles.

Someone has to step up and take responsibility for something so big, even if the bonds are sold in the end. How to use this opportunity to exclude dissidents from the company,,。 Among them, Cruise is the old minister left over from the previous session and must be cleaned up, but this is not the time to be emotional.

"Hello, I'm John."

, The phone in hand rang, he put down the pen and picked up the phone, first identified himself, his expression was quite relaxed, but soon his whole face sank, because he heard a message that he absolutely did not want to hear at this time.

Prince Faisal's consortium broke the contract, preferring to fight for hundreds of millions of dollars in security rather than unilaterally terminate the acquisition contract. This is only three or four days before they reach an acquisition agreement. And in the whole process, the most infuriating thing is that Prince Faisal only gave a verbal notice, and he didn't even bother to issue a formal document.

Although it has long been known that Middle Eastern consortia do not play cards according to common sense in business activities, they do not pay attention to this point. After slowly putting down the phone, although he didn't make any drastic moves, his slightly twitching face already showed that he was extremely unsettled in his heart. Although he was mentally prepared for a certain amount of time, the other party would go back on his word so quickly, and he simply regarded this business as a child's play.

Without exception, it was the chain reaction brought about by the run on North Rock Bank, which made the other party feel afraid. Just for the current subprime mortgage market. In fact, not to mention him, even Greenspan did not dare to say that he could guide or control him. (To be continued)

ps: Thank you book friends for not voting for my monthly pass last night! Time is pressing these days, and the number of words written is less, I hope you will forgive me, and write more after a while~

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