Search the Archive

Derivatives / Barings Bank / Speculation Losses #158553

ABC Evening News for Monday, Feb 27, 1995
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(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".

Reporter(s):
Foreman, Tom;
Jennings, Peter;
Utley, Garrick
Duration:
00:05:30

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.