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| Country: | United Kingdom |
| NMTW Rating: | |
| Length: | 53 min |
Description:
25 Million Pounds recounts the mid-1990s collapse of Barings Bank, largely due to broker Nick Leeson's £827 million ($1.3 billion) loss from futures trading. The film frames the downfall against the backdrop of Barings Bank's history as one of Britain's oldest and most respected merchant banks, long managed by the same family with close connections to the country's elite. However, in the late 19th century, Barings nearly failed after significant investments in South American bonds, including funding a sewer system in Buenos Aires. The Bank of England rescued the bank, but its head, Edward Baring, was financially devastated and never recovered.
| Alternative title: | £830,000,000 - Nick Leeson and the Fall of the House of Barings |
| Release year: | 1996 |
| Language: | English |
| Director: | Adam Curtis |
| Type: | Movie |
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