How a 28 Year Old Man Destroyed England’s Oldest Bank

A video on YouTube. In Tech, a Krater category.

Summary by Krater

This video details the rise and fall of Barings Bank, focusing on how a 28-year-old trader named Nick Leeson brought down the 230-year-old British institution through massive unauthorized stock and futures trading losses.

From the video

Answers: How did Nick Leeson bring down Barings Bank?

Barings Bank collapse
Nick Leeson trading strategy
financial fraud and mismanagement
futures trading in Singapore
five eights account

What it concludes

Nick Leeson hid massive trading losses in a secret account known as the five eights account.
Barings Bank's lack of internal controls and oversight allowed Nick Leeson's fraud to escalate unchecked.
The 1995 Kobe earthquake caused the Japanese stock market to crash, worsening Nick Leeson's unhedged positions.
Dutch banking group ING bought Barings Bank for a single pound following its collapse.

Rate it, review it and add it to your lists in Krater.

Titles and thumbnails from YouTube. Krater isn't affiliated with, endorsed by or sponsored by YouTube or Google.