Leeson's Gamble: Barings Bank Collapses
Nick Leeson's reckless speculation on the Singapore exchange drains $1.4 billion from Barings Bank, triggering the collapse of the United Kingdom's oldest investment banking institute. This financial disaster forces the bank into liquidation and reshapes global risk management protocols by exposing how unchecked individual trading could destroy centuries-old institutions.
February 26, 1995
31 years ago
Key Figures & Places
United Kingdom
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Barings Bank
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Nick Leeson
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Singapore International Monetary Exchange
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futures contract
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Barings Bank
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Nick Leeson
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Singapore Exchange
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Futures contract
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Faillite
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Especulación (economía)
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Produit dérivé financier
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Manipulation mentale
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Singapore
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Bankruptcy
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Investmentbank
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United States dollar
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