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 ...

This February marks 30 years since my rogue trading rocked the financial system and cratered Barings, Britain’s oldest and most venerable bank. I racked up $1 billion in losses right under the ...

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 ...

THIS February marks 30 years since my rogue trading rocked the financial system and cratered Barings, Britain’s oldest and most venerable bank. I racked up US$1 billion in losses right under the noses ...