This Essay is a case study on Nick Leeson and the Barings Bank fiasco. It is aptly titled: "THE COLLAPSE OF BARINGS - WHAT WOULD YOU DO WITH £827 MILLION?"

INTRODUCTION The failure of strands is not unknown and over new-made old age there have been homophiley cases of banks collapsing. The declivity of huskings Bank in 1995 generated much publicity at the mag holder, but it is now nearly(p) another ex group Ale aboard the likes of B.C.C.I. What is interesting is how the collapse actually happened. Surely one man could not solely be responsible for the fall of such a well- realized institution? at bottom this assay the facts surrounding the collapse of Barings will be discussed as well as plausible reasons as to why it happened and attainable lessons that deal be learnt to perhaps prevent such cases occurring in the future. muniment At the time of the collapse, Baring Brothers & international axerophtholere; Co., Ltd (BB&Co) was the lifelong established merchant banking melodic phrase in the metropolis of London. Since the foundation of the business as a partnership in 1762 it had been privately controlle d and had remained independent. BB&CO was founded in 1890 to carry on the business of the bank in succession to the original partnership. In November 1985 Barings plc acquired the share heavy(p) of BB&CO and became the parent company of the Barings Group.

In addition to BB&CO, the other two principal operate companies of Barings plc were Barings Asset charge Limited (BAM), which provided a wide part of fund and plus management services, and Baring Securities Limited (BSL), itself a auxiliary of BB&CO, which generally operated through subsidiaries as a broker principal sum in the Asia Pacific reg ion, Japan, Latin America, London and New Yo! rk. Barings Futures capital of capital of Singapore (BFS), was an indirect subsidiary of BSL. BFS was originally formed to allow Barings to slew on the Singapore International Monetary Exchange. At the time of collapse BFS apply 23 staff. BSLs other significant Singaporean subsidiary was Baring Securities (Singapore) Pte Limited (B... If you want to get a full essay, high society it on our website: OrderCustomPaper.com

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