Top Biggest Financial Frauds Barings Bank

Описание: 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.
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⏱ Time Stamp:

00:00 Introduction
00:52 A history of prestige
01:49 The rise of a young prodigy
02:26 The beginning of the end
04:01 Inadequate management and poor risk management
06:45 The fox guarding the hen house
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DISCLAIMER: I’m not a financial adviser. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility!
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