Investments
Article Abstract:
It is possible that stock markets take on the national characteristics of the country in which they are operating. This seems to be the case in Germany, where the stock market is much smaller, in terms of the size of the economy, than that of the UK, as investors are extremely risk-averse and the financial system focuses on bank rather than equity finance. German gilts have seen an average 4% real rate of return since the second world war, while UK gilts have not produced any return at all.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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Investments
Article Abstract:
The book published recently by former Barings trader Nick Leeson sheds new light on the events which led up to the collapse of Barings with losses of more than 800 million pounds sterling. It is particularly significant for revealing that Leeson was extremely incompetent, having very little idea of the potential outcome of what he was doing. He used very misguided trading strategies, and it was almost inevitable that disaster would result.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
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