Barings Bank Building London

The london branch was established in 1995 following ing s acquisition of barings bank.

Barings bank building london.

Barings bank was a british merchant bank in london which collapsed in 1995. In 2016 the new office at 8 10 moorgate is staffed by a very international workforce of about 650 people with 46 nationalities. For the new building about one million feet of data cable was used the equivalent of 190 miles or the distance from london to plymouth. Barings bank was a british merchant bank based in london and the world s second oldest merchant bank after berenberg bank baring s close collaborator and german representative it was founded in 1762 by francis baring a british born member of the german british baring family of merchants and bankers.

Its 24 storeys are dwarfed by the likes of the gherkin the cheesegrater and the. It was a very reputed bank and it even offered personal banking services to queen elizabeth. The bank was the second oldest merchant bank modern banks which was founded in 1762. Barings bank was also popular as it was financing the napoleonic wars louisiana purchase by the us and the erie canal.

The bank collapsed in 1995 after suffering losses of 827 million 1 6 billion in 2019.