In 1995, the Baring Brothers collapsed over a weekend, brought down by the 'rogue trader' Nick Leeson. Utilizing British and American archives, this work charts Baring Brothers development from wool merchants to one of the most powerful global financial institutions. It also analyses the errors which led to its downfall.
Reviews
'An extensively researched book ... taking advantage of the private documents of some of the major figures in the bank ... Recommended' CHOICE 'The ebbs and flows of the American trade are charted scrupulously ... he demonstrates the trans-Atlantic dimensions of the [1837] panic, which is a valuable corrective to accounts that focus solely on America.' Business History Review