4% Cum. First Preference Shares of £100, specimen. blue. Barings was the second oldest merchant bank (after Berenberg Bank). It was founded in 1762 and owned by the German-originated Baring family of merchants and bankers. They provided financial services to the international trade as this was rapidly growing during the Industrial Revolution. Together with Hope & Co., they facilitated the largest land purchase in history - the Louisiana Purchase. The banks rich history ended suddenly through the poor speculative speculations by Nick Leeson in 1995. From his Singapore office, he lost £287 million which made the bank collapse. It was purchased for a symbolic £1 by ING. There is very little scripophily from Barings.
Startprice: € 100