Buy custom Barings Bank Collapse

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These differences in the cultures played an important role in breeding disharmony among the employees.

4. Greed

Though this might sound like an issue which is out of the scope of our subject, I think it deserves to be mentioned because this was the underlying reason for the actions of most of the people...

There was the greed of Nick Leeson to make more and more money, and then there was the greed of his bosses and the bank to never look into the unhealthy profits that were being made.

The other factors which could be the key issues are ? the initial deal of Barings Securities buying a very culturally different Henderson Crosthwaite (Far East) and the ?unequal' expansion of Barings Securities Limited that happened only on the research and the front-end but not at the back-office...

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