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£830,000,000 - Nick Leeson and the Fall of the House of Barings poster

Film

£830,000,000 - Nick Leeson and the Fall of the House of Barings

1996 · 53m · Documentary

A documentary detailing the collapse of Barings Bank in the mid-1990s due to the machinations of Nick Leeson.

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Overview

25 Million Pounds details the collapse of Barings Bank in the mid 1990s primarily by a broker called Nick Leeson, who lost £827 million ($1.3 billion) by speculating on futures contracts. The film contextualises the downfall as the history of Barings Bank was one of the oldest and most prestigious merchant banks in Britain, run by the same family for decades with extensive ties to Britain's elites. But in the late 19th century Barings almost went bankrupt after investing heavily in South American bonds, including backing the construction of a sewer system in Buenos Aires. The bank was saved by The Bank of England, but Edward Baring, the head of the bank, was financially ruined and never recovered.

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Details

Release date
June 12, 1996
Status
Released
Original language
English
Runtime
53m
Genres
Documentary

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