<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/facbcdab-2087-4938-a5e3-e84f17d19ec0/222CF864-1CF8-4E53-9A55-86B3953F32D6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.knowyourmoney.co.uk/10-biggest-bank-failures-in-the-world/" href="http://www.knowyourmoney.co.uk/10-biggest-bank-failures-in-the-world/" style="font-size: 11px;">www.knowyourmoney.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.knowyourmoney.co.uk/10-biggest-bank-failures-in-the-world/"><H1>10 Biggest Bank Failures in the World</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.knowyourmoney.co.uk/10-biggest-bank-failures-in-the-world/"><P>The distress and chaos caused by bank failures has been a feature of the economy for centuries. The ongoing turmoil in the financial world, however, has seen a depressing surge in bank collapses around the globe (it's a <A target="_blank" rel="nofollow" href="http://www.fdic.gov/bank/individual/failed/banklist.html">a weekly occurrence</A> in the States). In this article we take a look back over the last few decades at some of the more notable cases in the ever-growing list of failed banks.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.knowyourmoney.co.uk/10-biggest-bank-failures-in-the-world/"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.knowyourmoney.co.uk/img/FF28F18D-8AED-408E-B800-50113087A6E3" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.knowyourmoney.co.uk/10-biggest-bank-failures-in-the-world/"><P>Barings had been around for over 230 years, surviving many troubling times, including two World Wars, but all it took to bring this mighty giant down was one man, <A target="_blank" rel="nofollow" href="http://en.wikipedia.org/wiki/Nick_Leeson">Nick Leeson</A>. Leeson managed to incur losses totalling around £827 million ($1.3 billion) via <A target="_blank" rel="nofollow" href="http://en.wikipedia.org/wiki/Rogue_trader">rogue trading</A>, making unsupervised and unauthorised trades and deals on behalf of Barings. Sadly, due to poor management, supervision, outside events and his own judgement, Leeson successfully bankrupted his employer.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.knowyourmoney.co.uk/10-biggest-bank-failures-in-the-world/"><div align="center"><img src="http://content9.clipmarks.com/blog_cache/www.knowyourmoney.co.uk/img/62CFFDA3-2C1D-4858-B109-08F288C1BD6C" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.knowyourmoney.co.uk/10-biggest-bank-failures-in-the-world/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.knowyourmoney.co.uk/img/132C1268-812E-4236-9084-59575CE6DADA" alt="" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/222CF864-1CF8-4E53-9A55-86B3953F32D6/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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