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Barings — A Culture of Greed?

Journal of Financial Crime

ISSN: 1359-0790

Article publication date: 1 February 1996

350

Abstract

The collapse of Barings Brothers has been blamed on the unsupervised activities of a single ‘rogue trader’ in Singapore. This may have been the cause but it is definitely not the reason. While greed and complacency have played a part, the root of the problem lay in the bank's inability to assimilate and adjust to the widely different cultures within the bank, that came with the acquisition of stockbrokers Henderson Crosthwaite, back in 1984, in what then became Barings Securities.

Citation

Whitby, D. (1996), "Barings — A Culture of Greed?", Journal of Financial Crime, Vol. 3 No. 4, pp. 377-381. https://doi.org/10.1108/eb025741

Publisher

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MCB UP Ltd

Copyright © 1996, MCB UP Limited

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