The secret account number that swallowed a 233-year-old bank
A 233-year-old bank, once a global power, faces collapse when a single trader's secret account bleeds £827 million. How does a financial titan fall?
The secret account number that swallowed a 233-year-old bank
This episode explores the downfall of Barings Bank in 1995, tracing its history from its founding in 1762 to its sudden collapse. It delves into how one trader could hide massive losses within such a prestigious institution and the critical moments that led to its demise.
Person: Nick Leeson
Date: February 1995
Location: Singapore
Event: Collapse of Barings Bank
Amount: £827 million
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