Answered: In February 1995, a 28 year old clerk…

In February 1995, a 28 year old clerk named Nick Leeson bankrupted the British investment bank Barings PLC by accumulating trading losses of approx 1.2 billion. How did this event come about?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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In February 1995, a 28 year old clerk named Nick Leeson bankrupted the British investment bank Barings PLC by accumulating trading losses of approx 1.2 billion. How did this event come about?

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