Barings Bank
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High Quality Content by WIKIPEDIA articles! Barings Bank (1762 to 1995) was the oldest merchant bank in London until its collapse in 1995 after one of the bank's employees, Nick Leeson, lost Pds. 827 million ($1.3 billion) speculating primarily on futures contracts.

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High Quality Content by WIKIPEDIA articles! Barings Bank (1762 to 1995) was the oldest merchant bank in London until its collapse in 1995 after one of the bank's employees, Nick Leeson, lost Pds. 827 million ($1.3 billion) speculating primarily on futures contracts.