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Invisible Hands: 4. The Big Bang

The History Podcast

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The Rise and Fall of Barings Bank

This chapter explores the transformative financial landscape in London during the 1986 Big Bang, where deregulation opened new opportunities for traders like Nick Leeson. It recounts the explosive growth of yuppie culture in banking alongside intense market pressures, leading to reckless decisions. The narrative culminates in the catastrophic collapse of Barings Bank, illustrating the consequences of unchecked ambition and financial mismanagement.

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