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Not Just One Man - Barings I. How Leeson Broke Barings II. Lessons
... of 27,158 March 1995 contracts. Over the next three weeks, Leeson doubled this long position to reach a high on 22nd February of 55,206 March 1995 contracts and 5640 June 1995 contracts. The large falls in Japanese equities, post-earthquake, also made the market more volatile. This did not help Lees ...
... of 27,158 March 1995 contracts. Over the next three weeks, Leeson doubled this long position to reach a high on 22nd February of 55,206 March 1995 contracts and 5640 June 1995 contracts. The large falls in Japanese equities, post-earthquake, also made the market more volatile. This did not help Lees ...
Barings Bank
Barings Bank was an English merchant bank based in London, and the world's second oldest merchant bank (after Berenberg Bank). It was founded in 1762 and was owned by the German-origined Baring family of merchants and bankers.The bank collapsed in 1995 after suffering losses of £827 million ($1.3 billion) resulting from poor speculative investments, primarily in futures contracts, conducted by an employee named Nick Leeson working at its office in Singapore.
