April 11, 2013

Documentary on the Rogue Trader (Nick Leeson) Who Destroyed Barings Bank: 25 Million Pounds

What was Barings Bank?

Wikipedia: Barings Bank (1762 to 1995) was the oldest merchant bank in London, founded and owned by the German-origined Baring family. The bank collapsed in 1995 after one of the bank's employees, Nick Leeson, lost £827 million ($1.3 billion) due to speculative investing, primarily in futures contracts, at the bank's Singapore office.