His exposure grew fourfold, and when his scheme collapsed, the bank was almost 20% exposed in these contracts. Barings Bank was acquired by insurance company ING for £1. Toshi hide Iguchi explained in...

His exposure grew fourfold, and when his scheme collapsed, the bank was almost 20% exposed in these contracts. Barings Bank was acquired by insurance company ING for £1. Toshi hide Iguchi explained in a detailed letter to his boss in Daiwa Bank in 1995 how he had carried out a series of trading frauds by forging some 30,000 trading slips over 11 years of dealing in government bonds in New York.