The 12 Most Spectacular Financial Services Failures of All Time
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Barings
Barings Bank, founded in 1762, was the oldest merchant bank in London until its dramatic collapse in 1995 when a rogue trader, Nick Leeson, lost $1.3 billion due to speculative investing, primarily in futures contracts, at the bank's Singapore office.
[Exclusive Interview With Nick Leeson: An Inside Look at Rogue Trading]
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio
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