Barings Bank
| Industry | Banking |
|---|---|
| Founded | 1762 |
| Founder | Sir Francis Baring, Bt |
| Defunct | 26 February 1995 |
| Fate | Collapsed (Purchased for £1 by ING). |
| Successors | |
| Headquarters | London, England |
Barings Bank was a British merchant bank based in London. It was one of England's oldest merchant banks after Berenberg Bank, Barings' close collaborator and German representative. It was founded in 1762 by Francis Baring, a British-born member of the German–British Baring family of merchants and bankers.
The bank collapsed in 1995 after suffering losses of £827 million (£2 billion in 2023) resulting from fraudulent investments, primarily in futures contracts, conducted by its employee Nick Leeson working at its office in Singapore.