Barings Bank Collapses After Nick Leeson Trading Losses, February 26, 1995

The UK's oldest investment banking institute, Barings Bank, collapses after a rogue securities broker Nick Leeson loses $1.4 billion by speculating on the Singapore International Monetary Exchange using futures contracts.

The UK's oldest investment banking institute, Barings Bank, collapses after a rogue securities broker Nick Leeson loses $1.4 billion by speculating on the Singapore International Monetary Exchange using futures contracts.

Date: February 26, 1995

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