United Kingdom's Barings Bank Collapses
February 26 1995

Description
The United Kingdom's oldest investment banking institute, Barings Bank, collapses after securities broker Nick Leeson, loses $1.4 billion by speculating on the Singapore International Monetary Exchange using futures contracts.
Location
References
Futures contractexternal
Singapore International Monetary Exchangeexternal
Nick Leesonexternal
Barings Bankexternal
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Created By: johnny
Created On: 2015-04-30T21:55:59Z

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