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When it comes to banking scandals, no name is more infamous than that of Nick Leeson. While the likes of UBS trader Kweku Adoboli and former Allfirst banker John Rusnak were responsible for bigger losses, Leeson’s illicit trading in the early 1990s brought down Barings Bank, Britain’s oldest and most respected investment bank. It was an event that sent shock waves throughout the entire banking industry. At the time, no one could believe that just…
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