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Barings Goes Bust: How A Single Prop Trader Took Down One Of Britain s Oldest Banks

Wisdom passed down through generations often serves investors well in markets. "Don't put all your eggs in one basket" is a good lesson about portfolio diversification and risk management. But there's another old saying that applies to markets, at least in some situations: "One bad apple can spoil the whole bunch." Barings Bank, one of England's oldest and most influential institutions, learned this the hard way when its lack of internal controls allowed a renegade prop trader to get himself — a

Did You Miss The July Chart Warning?

Did You Miss The July Chart Warning?
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

EU`s top economy faces problems

EU`s top economy faces problems
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Morgan Stanley asleep at the wheel as Mike Ashley calls foul

The “rogue trader” Nick Leeson has claimed that Mike Ashley’s legal battle against Morgan Stanley exposes what could be the worst “risk management breakdown” since he triggered the collapse of Barings Bank.

EU`s top economy is facing sever challenges

EU`s top economy is facing sever challenges
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