Barings — A Culture of Greed?

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