Easy: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a|devil|}}{{Quote|“The recovery in profitability has been amazing, leaving Barings to conclude that it was not actually terribly difficult to make money in the securities business.” | {{a|devil|}}{{Quote|“The recovery in profitability has been amazing following the reorganisation, leaving Barings to conclude that it was not actually terribly difficult to make money in the securities business.” | ||
:—Peter Baring, Chairman of Barings Bank, September 1993. | :—Peter Baring, Chairman of Barings Bank, September 1993. | ||
''Replying to Peter Norris’ remark: “We’ve tried everyone. It’s hopeless.”'' “I therefore have to inform you that Barings is insolvent and will go into immediate liquidation.” | ''Replying to Peter Norris’ remark: “We’ve tried everyone. It’s hopeless.”'' “I therefore have to inform you that Barings is insolvent and will go into immediate liquidation.” | ||
:—Also Peter Baring, Chairman of Barings Bank, February 1995.}} | :—Also Peter Baring, Chairman of Barings Bank, February 1995.}} | ||
{{sa}} | |||
*[[Hubris]] | |||
*[[Enron]] | |||
Revision as of 16:07, 24 July 2021
|
“The recovery in profitability has been amazing following the reorganisation, leaving Barings to conclude that it was not actually terribly difficult to make money in the securities business.”
- —Peter Baring, Chairman of Barings Bank, September 1993.
Replying to Peter Norris’ remark: “We’ve tried everyone. It’s hopeless.” “I therefore have to inform you that Barings is insolvent and will go into immediate liquidation.”
- —Also Peter Baring, Chairman of Barings Bank, February 1995.