Word: frankfurter
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Dates: during 1990-1999
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CHEERS WENT UP IN FUTURES MARKETS everywhere when the news broke of Leeson's detention in Germany last Thursday after his Royal Brunei airliner landed in Frankfurt after a 12-hour flight. Leeson had left Kuala Lumpur to rendezvous with his wife Lisa in the Malaysian resort town of Kota Kinabalu, and there, after plunking down $1,600 in cash for seats in the economy section, he boarded the plane in his own name. Malaysian authorities just missed catching up with the Leesons. But reports of their flight immediately circulated abroad. In Frankfurt, German police, carrying pictures of the couple...
...venerable financial institutions, which was unable to cover losses of more than $1 billion. As the extent of the damage became apparent, Leeson, 28, and his wife Lisa Sims, 23, fled their apartment in Singapore and spent a week on the lam. Detained last Wednesday as he arrived in Frankfurt, Germany, he said they were only trying to return home. A German magistrate is considering Singapore's extradition request. Auditors had warned Barings executives last August that Leeson was operating independently of any controls...
...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 $1 billion in losses for Baring Brothers & Co., after a drop in the Tokyo market last week. Police pulled him off a plane in Frankfurt last night and are detaining him. An extradition hearing before a judge is expected to take place tomorrow. TIME Bonn bureau chief Bruce Van Voorst says legal wrangling could keep Leeson in Germany for months. He notes the Germans have not interrogated Leeson, but they have had "chats" during which...
...year after the Christmas 1993 floods. From Bavaria to the Dutch border, the washouts brought normal riverside life almost to a standstill and kept the Bundeswehr busy deploying rescue teams in rubber dinghies. Waters lapped at the doors of Bonn's new parliament building, and smaller sections of Frankfurt were also overrun. Shipping was suspended entirely along the lower reaches of the Rhine, the world's busiest inland waterway. In Koblenz the river rose to 9.27 m and surrounded the newly restored bronze statue of Kaiser Wilhelm I. The Emperor's bronze likeness appeared to be riding a sea horse...
...nice-guy diplomacy, Jimmy Carter. After representatives of Radovan Karadzic, leader of the Bosnian Serbs, sent emissaries to the former President last Wednesday, Carter called Clinton to let him know that he was considering stepping in as a private citizen. On Saturday, Carter was on a commercial flight to Frankfurt, where a U.S. military plane would take him to Zagreb...