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Derivatives / Barings Bank / Speculation Losses #158553

ABC Evening News for Monday, Feb 27, 1995
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(Studio: Peter Jennings) Report introduced.

(London: Garrick Utley) The unauthorized trading in derivatives by Barings Singapore bank employee Nicholas Leeson that resulted in the loss of over a billion dollars featured; scenes shown from the now imperiled Barings bank. [Bering EMPLOYEE - comments.] [Bank of England governor Eddie GEORGE - suggests collusion.]

(Studio: Peter Jennings) Report introduced.

(Fort Washakie, Wyoming: Tom Foreman) Derivatives investment losses across the United States examined; map shown of communities and businesses that lost millions. [Maple Grove city administrator Jon ELAM - comments.] How derivatives investments work detailed. [Shoshone tribal attorney Robert MURRAY - worries about tribal losses through derivatives.]

(Studio: Peter Jennings) The ripple effect on the Japanese stock market noted. "Stock Market Report".

Foreman, Tom;
Jennings, Peter;
Utley, Garrick

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