In 1995, derivatives broker Nick Leeson of Barings Bank engaged in “unauthorized” speculative trading. The massive losses — 827 million pounds — led to the collapse of Barings, the oldest investment house in Britain. In 1996, another rogue, Sumitomo Bank copper trader Yasuo Hamanaka, lost at least $1.8 billion. Some reports put the true losses at $4 billion. Read full article >>

Topics:  nick leeson   barings bank   barings   britain   sumitomo bank   yasuo hamanaka   read   barings    rogue   losses   billion   
BING NEWS:
  • Sakaja on Spot as Eric Omondi Exposes Rogue Kanjos in Nairobi CBD
    Comedian Eric Omondi on Wednesday, March 27, exposed Nairobi County officers, popularly known as ‘kanjos’, harassing and mishandling a business lady based within the Central Business District (CBD).
    03/27/2024 - 4:17 am | View Link
  • Rogue traders left garden in 'complete mess' after couple paid more than £15,000 for job
    A rogue trader left a family's garden in a "complete mess" after being paid more than £15,000, a court has heard. Aneurin Shawyer, 27, stopped turning up to the job – which he took on under the name ...
    03/27/2024 - 12:51 am | View Link
  • Trading Standards calls for car dealers to be licensed as part of clampdown on rogue traders
    A Trading Standards body is calling for a licensing system for the motor trade amid a spate of dodgy dealers.   The Chartered Trading Standards Institute ...
    03/27/2024 - 12:37 am | View Link
  • Thames Water accused of acting like 'rogue traders' after 136% surge in sewage spills lasting over a day
    The UK’s biggest water company has been accused of acting like a "rogue trader" as the number of sewage spills lasting longer than 24 hours more than doubled in 2023.
    03/26/2024 - 8:24 pm | View Link
  • Sherborne: Dorset Police warning on driveway tarmac attempt
    Residents are being warned after Sherborne Neighbourhood Policing Team received two reports of people offering to tarmac driveways in north ...
    03/26/2024 - 6:00 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News