Nicholas (“Nick”) William Leeson was relaxing at a luxury resort in Malaysia when he heard that Barings Bank PLC, 1 Britain’s oldest bank, had lost $1.2 billion (£860 million) and was in administration (i.e., Chapter 11 bankruptcy)
Nicholas (“Nick”) William Leeson was relaxing at a luxuryresort in Malaysia when he heard that Barings Bank PLC, 1Britain’s oldest bank, had lost $1.2 billion (£860 million) andwas in administration (i.e., Chapter 11 bankruptcy)