Definition of Baring's Bank from the Oxford Advanced Learner's Dictionary


Baring's Bank

; NAmE
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the oldest merchant bank (= bank that lends money to large companies) in London, England. It stopped trading in 1995 after an employee, Nick Leeson, lost over £250 million while trading illegally in Singapore. The bank was bought by a Dutch company, ING, and began trading again. Leeson was sent to prison.