The Rogue Gambler: 7 Nick Leeson Trades That Triggered a Bank's Sudden Collapse

5. The Downfall

In February 1995, Leeson's rogue trading was finally uncovered. His losses, which were now too large to hide, led to a crisis at Barings Bank. Despite attempts to secure a rescue deal, the bank was declared insolvent. The 233-year-old institution, which had survived wars, recessions, and financial crises, was brought down by the actions of a single rogue trader. Leeson, meanwhile, fled Singapore, but was eventually arrested in Germany.