Discuss the Collapse of the Barings Bank. The solution that led after Research Paper

Discuss the Collapse of the Barings Bank. The solution that led after the collapse - Research Paper Example His superiors had approved his purchases on the Singapore markets, and immediate sales on the Japanese markets, whereby he could secure a small profit. On the contrary, he bought from the Singapore markets and held on to the stocks as a gamble on the future treads in the Japanese markets. Based on the existing literature (Bair 2015), it is apparent that Barings bank was bought by the Dutch bank called ING, at a total of  £1 and assumed all of the bank’s liabilities (Bair 2015). As a result, a subsidiary ING Barings, was formed. Huon’s (2015) study further revealed that ING sold its operations based in the USA to ABN Amro for $275 million. The rest of ING Barings, was integrated with its European banking division. By the year 2001, Barings Bank had only been left with Asset Management after selling operations stated above, and the rest being absorbed by ING Barings. ING went a step to split BAM and sold it to Mass Mutual and Northern Trust. Mass Mutual acquired BAM’s investment management activities, as well as the patent rights to use the Baring Asset Management name, whereas Northern Trust acquired BAMs financial services group. In response to the conflicting question on whether they managed to fix the financial problem or not, recent research (Anon 2015) proved that Barings bank never regained its stability as a complete investment corporation. However, Barings name still lives on as the Mass Mutual Subsidiary; Barings Asset Management. Further results (Glyn 2015) showed that the Bank’s private equity international, which included investment teams in India, Asia, and Latin America, was acquired by its respective management teams. These teams in the present days are Baring Vostock Capital Partners in Russia, GP investments in Brazil,Baring private equity in Asia and Baring Private Equity Partners in India. In regard to Leeson; the man

Identify and explain the historical significance of Benjamin Rush, Research Paper - 1

Identify and explain the historical significance of Benjamin Rush, particularly as he relates to the transformation of the medical profession in early America - Research Paper Example At this time he was under Rodman he attended many lectures which later helped him in his future life. He later began venturing into politics though not his own career. In all his education life he was been provided for by his mother since his father died when he was six years of age. He grew up as a strong man who later did great things which even to date is serving the whole world. He was really a man to be proud of. He wrote some books and he was well remembered for he wrote the first chemistry book in America. 2Benjamin Rush returned to Philadelphia from Europe in 1769 and he began practicing medicine when he got home. It was at this time that Philadelphia had begun entering a revolutionary period which ultimately played a key role in the American Revolution. This city was wealthy and it had many resources and also a high population. At twenty three years he was elected as a professor of Chemistry in Philadelphia College. This was just one year after he had come from Europe. He is the one who made the name of this school change to what is currently referred as ‘medical school of the University of Philadelphia.’ This man contributed greatly to mental medicine and physical medicine. He was interested in animals and this made him to do some contributions that are even important in the current society. Bloodletting was the main medical practice that Rush was associated with during his career. This method had been used since long by physicians but this time Rush was doing it with more improvements. He used it widely during the yellow fever epidemic of 1793 which was making lives of many to be in danger in Philadelphia. This disease broke out in Water Street in the same town. According to Rush he believed that diseases and particularly yellow fever were caused by excessive accumulation of poison in the body of a human being which was toxic to the body and affected the small blood vessels. In his treatment therefore he aimed at removing the poison and let the