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Socyberty > Tags > banking
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banking |
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 | | Nick Leeson and the Barings Bank Scandal | | by balisunset, Aug 25, 2008 | | Barings Bank was founded in London in 1763. Where it rose to become a leading Merchant Bank. As such, it provided traditional banking services to the public, but it also included investment activities in stocks, bonds, commodities, and real estate. By being flexible and creative in crafting financial solutions for companies, Barings grew steadily over time, enjoying an active presence across the globe. | | Comments(0) Liked It: 0 |
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 | | The Allied Irish Bank Scandal | | by balisunset, Jul 28, 2008 | | The Allied Irish Bank (AIB), the second largest bank in Ireland, was rocked by one of the largest scandals in banking history in 2002, losing over $691 million when a currency trader in their Baltimore office invested unsuccessfully in Japanese yen and kept the bank’s losses a secret for nearly five years. | | Comments(0) Liked It: 0 |
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