The Sixth Great Power vs. The Rogue Trader: The Collapse of Barings Bank
pplpod16 Feb

The Sixth Great Power vs. The Rogue Trader: The Collapse of Barings Bank

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!

In this episode of pplpod, we look at the spectacular destruction of Barings Bank, the oldest merchant bank in London. Founded in 1762, Barings was once so influential it was dubbed the "sixth great European power", financing history-shaping events like the Louisiana Purchase and the War of 1812.

But in 1995, a dynasty that survived the Napoleonic Wars was brought down by a single employee: Nick Leeson. We discuss how Leeson, a trader in Singapore, used a hidden error account—number 88888—to conceal massive losses from unauthorized futures trading. We cover the failure of internal controls that allowed him to act as both chief trader and settler, the disastrous bet against the Nikkei following the Kobe earthquake, and the chaotic week that ended with the bank being sold to ING for just £1.

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(16184)

The Art of Adult Friendship: Why Quality Matters More Than Quantity

The Art of Adult Friendship: Why Quality Matters More Than Quantity

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore how our understanding of friendship changes as we grow old...

9 Nov 18min

Summer Explained: The Science, History, and Traditions of the Warmest Season

Summer Explained: The Science, History, and Traditions of the Warmest Season

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore summer, the season most closely associated with sunshine, ...

7 Nov 18min

Sir Patrick Stewart: From Shakespeare to Star Trek, the Life and Legacy of a Legend

Sir Patrick Stewart: From Shakespeare to Star Trek, the Life and Legacy of a Legend

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the extraordinary life of Sir Patrick Stewart, the acclaim...

7 Nov 49min

Larry David: The Genius of Social Awkwardness, Seinfeld, and Curb Your Enthusiasm

Larry David: The Genius of Social Awkwardness, Seinfeld, and Curb Your Enthusiasm

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the life and career of Larry David, the comedian, writer, ...

6 Nov 38min

Why Australian Shepherds Aren't From Australia

Why Australian Shepherds Aren't From Australia

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the history of the Australian Shepherd, an intelligent, en...

5 Nov 45min

Labrador Retriever: From Newfoundland Fishing Dogs to Modern-Day Heroes

Labrador Retriever: From Newfoundland Fishing Dogs to Modern-Day Heroes

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore the remarkable history of the Labrador Retriever, one of t...

4 Nov 53min

Discovering Ireland: A Journey Through History, Culture, and the Wild Atlantic Way

Discovering Ireland: A Journey Through History, Culture, and the Wild Atlantic Way

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In this episode of pplpod, we explore Ireland through the philosophy of slow travel: go slower, ...

3 Nov 48min

Willie Hutch: An Overnight I'll Be There Lyric and The Mack's Soundtrack

Willie Hutch: An Overnight I'll Be There Lyric and The Mack's Soundtrack

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!William McKinley Hutchins was born in Los Angeles in December 1944 and raised in Dallas, where h...

2 Nov 21min

Populärt inom Nöje

mellan-himmel-och-jord-med-jlc
mardromsgasten
filip-fredrik-svarar
husmodern-med-amanda-schulman
fordomspodden
podme-bio-4
dialogiskt
chilla-med-de-vet-du
fem-i-topp
rss-p3-musikdokumentar
badfluence
gott-snack-med-fredrik-soderholm
hemma-hos-strage
schulman-show
mannen-utan-spar
rss-made-in-sverige-podcast
skandal
sexet
rss-bl-metal-podcast
hundaren-motgangspodden-av-tomas-andersson-wij