25 Million Pounds (1996)
25 Million Pounds (1996)
A documentary detailing the collapse of Barings Bank in the mid-1990s due to the machinations of Nick Leeson.
25 Million Pounds details the collapse of Barings Bank in the mid 1990s primarily by a broker called Nick Leeson, who lost £827 million ($1.3 billion) by speculating on futures contracts. The film contextualises the downfall as the history of Barings Bank was one of the oldest and most prestigious merchant banks in Britain, run by the same family for decades with extensive ties to Britain's elites. But in the late 19th century Barings almost went bankrupt after investing heavily in South American bonds, including backing the construction of a sewer system in Buenos Aires. The bank was saved by The Bank of England, but Edward Baring, the head of the bank, was financially ruined and never recovered.

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25 Million Pounds details the collapse of Barings Bank in the mid 1990s primarily by a broker called Nick Leeson, who lost £827 million ($1.3 billion) by speculating on futures contracts. The film contextualises the downfall as the history of Barings Bank was one of the oldest and most prestigious merchant banks in Britain, run by the same family for decades with extensive ties to Britain's elites. But in the late 19th century Barings almost went bankrupt after investing heavily in South American bonds, including backing the construction of a sewer system in Buenos Aires. The bank was saved by The Bank of England, but Edward Baring, the head of the bank, was financially ruined and never recovered.


Tagline: A documentary detailing the collapse of Barings Bank in the mid-1990s due to the machinations of Nick Leeson.
Certification: Unknown

Details

Genres: Documentary

Language: English

Release Date: 12 June 1996

Country: GB

Runtime: 53m

Company Credits

Company: BBC

External Links

Cast

Directed By

Adam Curtis

Adam Curtis

Director

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Not currently known.

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Edited By

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Sound

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Visual Effects

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Lighting

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Art Department

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Other Crew

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