26 February 1995

Posted on by

Barings Bank, collapses after a securities broker, Nick Leeson, loses $1.4 billion by speculating on the Singapore International Monetary Exchange.

Famous Words of Inspiration...
"The point of philosophy is to start with something so simple as not to seem worth stating, and to end with something so paradoxical that no one will believe it."
Bertrand Russell
— Click here for more from Bertrand Russell
   

Related posts:

  1. 28 September 1995
  2. 19 August 1940
  3. 26 February 1914
  4. 7 February 2009
  5. 18 February 1979
  6. 7 February 2009