In february of 1995 one man single handedly bankrupted the bank that financed the napoleonic wars louisiana purchase and the erie canal.
Barings bank collapse 1995.
Leeson s losses mounted quickly until he realized they would swamp not only him but all of barings.
Instead it went crashing down with a gigantic earthquake in kobe on jan.
Nick leeson the bank s then 28 year old head of derivatives in singapore gambled.
The collapse of barings bank in february 1995 was caused by colossal losses incurred by a single rogue trader.
Leeson a briton who in the course of a month put 29.
The scandal played out on an international stage and included high risk bets on share movements with little or no corporate oversight followed by the bank s.