Entities

Barings Bank

Barings Bank

Entity Type
Industry
Location
Founding Date
1762
Dissolution Date
1995

Established in 1762, Barings Bank was a British merchant banking firm that was among the largest and most stable banks in the world. However, it collapsed after one of its traders, Nick Leeson, engaged in a series of unauthorized speculation in futures contracts and other speculative dealings and lost $1.3 billion. Barings, having lost over one billion dollars, more than twice its available capital, went bankrupt. The bank's assets were subsequently acquired by the Dutch ING Groep, forming ING Barings.

Asset Classes

Future

Event Types

Bankruptcy

Terms

Speculation

Mentioned by the Following

Positions

Infectious Greed