A Day That Shook The World: Barings Bank collapses

Friday 25 February 2011 17:22 GMT

(Getty)

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On 26 February 1995, Britain's oldest merchant bank suddenly collapsed with more than £1bn in debts.

Investors, including the Royal Family, were left stunned as a lurid story of fraud and mismanagement by 28-year-old Barings trader Nick Leeson unfolded.

Watch original footage from the aftermath of the collapse and Leeson's subsequent arrest in this British Pathé video, above.

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A Day That Shook The World: Barings Bank collapses

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