Word: baringer
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Trader Nicholas Leeson's stock gamble cost Baring Brothers & Co. $1.46 billion, $460 million more than previously estimated, the insolvent bank said today, as the Dutch ING Group agreed to take over Baring for a token one pound, or $1.65. Leeson, now in a German prison, is fighting extradition to...
Singapore authorities are on their way to Germany with an arrest warrant to seek extradition of the young stock trader whose extravagant gamble on the Tokyo market brought down Britain's oldest investment bank. Nicholas Leeson, a Briton who worked in Singapore, fled that country when his bet caused some...
The chairman of Baring Brothers & Co. suspects his bank was sabotaged by a get-rich-quick plot to wreck the institution. Peter Baring told the Financial Times of London that he believes Singapore-based trader Nicholas Leeson, 28, may have teamed with an accomplice to bet against Baring on the...
The 28-year-old British stock trader whose high-stakes gambles caused the collapse of England's oldest merchant bank is nowhere to be found. The Business Times in Singapore reported that Baring Brothers & Co. trader Nicholas William Leeson, who was working for the bank in Singapore, fled the country...
Though the Democrats have staged a last-minute resurgence in the polls, Republicans still stand a good chance of gaining seven seats in the Senate, which would give them a majority there for the first time since 1986. Not only would Bob Dole become majority leader, but committee chairmanships would...