Top Biggest Financial Frauds: Barings Bank
27 years ago, Britain’s oldest investment bank, which listed Queen Elizabeth II among its clients, was declared insolvent.
The collapse of Barings Bank was caused by colossal losses incurred by a single rogue trader.
Nick Leeson, the bank’s then 28-year-old head of derivatives in Singapore, gambled more than $1 billion in unhedged, unauthorized speculative trades, an amount which dwarfed the venerable merchant bank’s cash reserves.
Leeson’s assignment in Singapore was to execute “arbitrage” trade, generating small profits from buying and selling futures contracts on the Japanese Nikkei 225 in both the Osaka Securities Exchange and the Singapore International Monetary Exchange.
..................
My youtube chanel: https://www.youtube.com/channel/UCj_uWYaGgY87C9eMM5CeqdA
Video product from: bit.ly/3LqUDGj
-
4:16
Matt Kohrs
1 year agoThe SVB Insider Trading Scandal || The Banking Crisis
1.49K5 -
0:31
Matt Kohrs
1 year agoThe Wall Street Banking Scandal
1.84K -
4:29
Big Dog Report
1 year agoThe Biggest Fraud Ever - The Bank
149 -
22:29
Exposing The Great Australian Government
4 months agoTotal Banking Fraud
58 -
13:18
Worldview Financial TV
4 months agoAnother Bank Crash Jolts Financial Sector
24 -
25:15
jess93
1 year agoWhistleblower Ex financial trader exposed how big banks manipulating the markets biggest fraud of all time
52 -
13:50
Worldview Financial TV
5 months agoWhat Happened to the Banking Industry?
79 -
49:47
Liberty and Finance
3 years ago $0.02 earnedTHE LARGEST FRAUD IN THE HISTORY OF FINANCIAL MARKETS | John Adams
102 -
9:46
FSC investors Guideline
1 year agoThe Largest Crypto Bank just went Bankrupt, what happened? | Silvergate Bank
6 -
8:44
Matt Kohrs
1 year agoBiggest Fraud In History Released From Jail!
6878