Barings was declared insolvent less than a week after Leeson's trading losses were discovered. A few years later the bank was sold for just £1. In his autobiography, Leeson blamed his reckless ...

Barings tried to cover its losses by borrowing money from other banks but ended up overextending itself. The Bank of England and other banks essentially bailed Barings out to avoid a more systemic ...

Wisdom passed down through generations often serves investors well in markets. "Don't put all your eggs in one basket" is a good lesson about portfolio diversification and risk management.

He was bold, bright, alarmingly young and seemed to be making more money for Barings Bank than all the other ... And, when his hidden losses of £827million were finally discovered – in a ...

Wisdom passed down through generations often serves investors well in markets. "Don't put all your eggs in one basket" is a good lesson about portfolio diversification and risk management.

FLASH FRIDAY is sponsored by Instinet, a Nomura company.) On February 24, 1995, Barings Bank received a fax from fugitive trader Nick Leeson. In the fax, Leeson apologized for his trading losses that ...

BALTIMORE -- A currency trader accused of hiding $691 million in losses was indicted on fraud ... a lone employee brought down England's Barings Bank. John Rusnak, 37, ran up the losses at ...

unauthorised dealings ran up losses eventually ... for the failure of Barings' internal management controls and the refusal to listen to warnings. However the Bank of England was given a fairly ...

Barings was declared insolvent less than a week after Leeson's trading losses were discovered. A few years later the bank was sold for just £1. In his autobiography, Leeson blamed his reckless ...