£830,000,000 - Nick Leeson and the Fall of the House of Barings
25 Million Pounds details the collapse of Barings Bank in the mid 1990s primarily by a broker called Nick Leeson, who lost £827 million ($1.3 billion) by speculating on futures contracts. The film contextualises the downfall as the history of Barings Bank was one of the oldest and most prestigious merchant banks in Britain, run by the same family for decades with extensive ties to Britain's elites. But in the late 19th century Barings almost went bankrupt after investing heavily in South American bonds, including backing the construction of a sewer system in Buenos Aires. The bank was saved by The Bank of England, but Edward Baring, the head of the bank, was financially ruined and never recovered.
Mot-clé:
£830,000,000 - Nick Leeson and the Fall of the House of Barings 1996
london, england
great britain
england
fraud
banking
economics
united kingdom
financial crisis
stock market
BBC
£830,000,000 - Nick Leeson and the Fall of the House of Barings film complet
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£830,000,000 - Nick Leeson and the Fall of the House of Barings voirfilms
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