Baring Private Equity Asia | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-06

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Barings_Bank


00:00:43 1 History
00:00:53 1.1 1762–1890
00:09:53 1.2 1891–1929
00:12:04 1.3 1929–1995
00:12:39 1.4 1995 collapse
00:13:57 1.4.1 Internal control
00:15:17 1.4.2 Corruption
00:16:40 1.4.3 Kobe earthquake
00:17:45 1.4.4 Discovery
00:22:48 1.4.5 Aftermath
00:25:39 2 In popular culture and fiction
00:26:36 2.1 Fiction
00:28:05 3 See also



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SUMMARY
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Barings Bank was a British merchant bank based in London, and the world's second oldest merchant bank (after Berenberg Bank). It was founded in 1762 by Francis Baring, a British-born member of the German-British Baring family of merchants and bankers.The bank collapsed in 1995 after suffering losses of £827 million (£1.5 billion today) resulting from poor speculative investments, primarily in futures contracts, conducted by its employee Nick Leeson, working at its office in Singapore.