21 July 2013

Question Of The Day #127: Pound foolish



Weekly Theme: BFSI



Connect.



13 comments:

  1. ING bought Baring's bank for 1 pound in 1995 when the Bank went defunt due to Nick Leeson's speculative trading which resulted in the bank losing millions of dollars.

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  2. Barings Bank collapsed due to speculative investment by Nick Lesson. Barings Bank was then bought by ING for 1 pound.

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  3. The picture on right is of Nick Leeson whose fraudalent trading caused collapse of Barings Bank. Barings Bank was bought by Insurance Company ING whose logo is on the left side.

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  4. Purchase of Barings Bank by ING after its collapse brought upon by massive speculative trading by Nick Leeson (on the TIME cover)

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  5. ING Group purchased Barings Bank in 1995 after its dramatic failure due to insider trading by its employee, Nick Leeson. The purchase helped in significant boost of investment banking business of ING Group.

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  6. Barings Bank:
    Nick leeson was responsible for the collapse of barings bank
    ING purchased Barings Bankand forming the subsidiary ING Barings

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  7. The man in the picture Nick Leeson, a Singapore based employee of Barings bank who through speculative trading brought the bank to a collapse in 1995.ING group then acquired Barings bank at a nominal sum of 1 Pound sterling and assumed all of Barings' liabilities, forming the subsidiary ING Barings.

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  8. Nick Leeson whose fraudalent trading caused the downfall of Barings bank which was later purchased by ING Investent firm.

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  9. The person is Nick Leeson and the bank is Barings Bank which was later purchased by ING Bank in 1995. Nick Lesson is a former derivatives broker whose fraudulent, unauthorized speculative trading caused the collapse of Barings Bank.

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  10. Connect - Barring's Bank.
    ING Group which acquired the Baring's bank after Rogue trader Nick Leeson made it collapsable.

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  11. The man in picture is Nick Leeson who was employee of Barings Bank which collapsed in 1995 due to speculative investing by Leeson. The Barings Bank subsequently was purchased by ING at a price of 1 Euro

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  12. Nick leeson led to the fall of Barings bank (world's oldest merchant bank). Barings bank was purchased by ING group for 1 pound in 1995

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  13. Nick Leeson is a former derivatives broker who caused the spectacular failure of Barings Bank which was then overtaken by ING Group.

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