Barings Bank Collapse

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The disintegration of Barings Bank in 1995 due to unauthorized and fraudulent trading by Nick Leeson, a derivatives broker employed in Barings' Singapore office. Leeson was permitted to conduct arbitrage by buying futures on Nikkei and at the same time selling them on Simmex. Instead, he made unhedged futures transactions on Nikkei and reported his losses as gains. His trading was exposed following large losses on Nikkei after an earthquake. His losses totaled more than $1 billion, twice Barings' available capital. Barings quickly became insolvent and was sold to ING for 1 pound.

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No references found			THE trader who caused the 1995 Barings Bank collapse has landed the top job at an Irish football club. Leeson lands top club job by Daily Record (Glasgow, Scotland) His failed gamble on a high-risk German market has echoes of the Barings Bank collapse when Nick "Rogue Trader" Leeson lost pounds 860million. City whizkid loses pounds 5m by Sunday Mirror (London, England) 3 /PRNewswire/ -- While the Barings Bank collapse resulted from a loss of more than $1. PRICE WATERHOUSE PRESENTS RESULTS OF INVESTIGATION INTO THE BARINGS ... by PR Newswire			Barbados Dollar Barbell Portfolio Barbell Strategy Barclays Bare Option Bare Wall Insurance Bareboat Charter Barefoot Investor Barefoot Pilgrim Bargain bargain and sale deed Bargain Basement Bargain Basement Price Bargain Hunter Bargain Purchase bargain purchase option Bargain Renewal Option Bargain Sale Bargain-Purchase-Price Option Bargaining Agent Bargaining Power Bargaining Unit Barge Bargeld Baria Opushon Barings Bank Collapse Barometer Barometer Stock Baronial Envelope BARRA's Performance Analysis Barratry Barrel Barrels per Day Barren Money Barrier Barrier Option Barrier Options Barrier Price Barrier to Entry Barriers to Exit Barrister Barron's Barron's Confidence Index Barter BAS Base base and meridian Base aurea Base Currency Base Date Base I			baring all Baring Asset Management Baring Asset Management Holdings Baring Asset Management Limited Baring Brothers and Company, Ltd Baring Central European Fund Baring Communications Equity Baring Communications Equity Emerging Europe Baring Hellenic Ventures Baring Island Baring Island Baring Island, Northwest Territories Baring Island, Northwest Territories Baring Private Equity Partners baring soul baring soul baring soul baring soul Baring straight Baring straight baring teeth baring teeth baring teeth baring teeth Baring Union Christian College Baring Vostok Capital Partners Baring, Maurice Baringhaus-Henze-Epps-Pulley Barings Barings Barings Bank Collapse Barinov, Ivan Barinov, Ivan Vasilevich Baripsaltes Baripsaltes Baris Baris Baris Baris Baris Icin Ortaklik Egitim Merkezi Baris ve Demokrasi Platformu Barisal Barisal Barisal District Barisal District Barisan Barisan Bertindak Mahasiswa Negara Barisan Merah Putih Barisan Mountains Barisan Nasional Back Benchers Club Barisan National Barisan Pemberontakan Rakyat Indonesia Barisan Rakyat Timor Timur Barisan Socialist Party Barischmetalfabrik Barish Barishnikov Barista Barista Coffee Company Ltd. baristas

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