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The Rise and Fall of Barings Bank

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Questions and Answers

Which bank did Nick Leeson destroy?

Bank of France

Bank of Prussia

Bearings Bank (correct)

Bank of England

In what year did the story begin?

1990

1994

1996

1992 (correct)

What was Bearings Bank once considered?

The most powerful bank in Europe

The largest bank in Europe

The sixth great European power (correct)

The oldest bank in Europe

What did Nick Leeson do to achieve success?

Fraudulent activities Signup and view all the answers

What was Nick Leeson's reputation in the foreign futures market?

He was considered a whiz kid in the sense that he was responsible for 10% of Baring's yearly profits Signup and view all the answers

What led to Bearings downfall?

Nick's employees accidentally bought futures contracts instead of selling them Signup and view all the answers

What did Nick do to compensate for the mistake made by his employee?

He created an error account connected to the bank's funds Signup and view all the answers

How much money did the client lose due to the mistake?

Twenty thousand pounds Signup and view all the answers

Why couldn't Nick simply add twenty thousand pounds to the client's account?

He didn't have the funds to add to the client's account Signup and view all the answers

The Rise and Fall of Barings Bank

Choose a study mode

Podcast

Questions and Answers

Which bank did Nick Leeson destroy?

In what year did the story begin?

What was Bearings Bank once considered?

What did Nick Leeson do to achieve success?

What was Nick Leeson's reputation in the foreign futures market?

What led to Bearings downfall?

What did Nick do to compensate for the mistake made by his employee?

How much money did the client lose due to the mistake?

Why couldn't Nick simply add twenty thousand pounds to the client's account?

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