On 28 February 1995, the Bank of England announced that Barings Bank had suffered losses in excess of £265 million and that each further one point fall in the Nikkei index resulted in a further £70 million loss!
What happened to Britain’s sixth largest investment bank to suffer such a setback?
The Barings bankruptcy rested on one man, its star trader in Singapore, Nick Leeson, who speculated on the rise of the Japanese Nikkei index. He could not have foreseen the 17 January 1995 earthquake in Kobe, Japan’s second largest port. From that moment on, the Japanese index fell. It only reached its January 1995 value in December 1995, eleven months later! It was thanks to a very sophisticated mechanism that Nick Leeson managed to overstep his powers and abuse his company, leaving an abyss of over 600 million euros.
On 6 March 1995, Barings was sold at a Dutch bank.

• The earthquake of Kobe on 17 January 1995 at 5:46 a.m. in Japan occurred at the English hour of 8:46 p.m. on 16 January 1995.
• The sale of the bank was obtained on 6 March 1995.

1. On 16 January 1995 in London
   • Age: 68,73 years old.
   • Saturn-Moon period.
   • Position of the degree of the year: 21°27′ of Gemini on a degree pertaining to Mars (20°53′) and Jupiter (22°31′). It is of Feeble force in the House VI.
   • Position of the degree of the day: 15° 14′ of Pisces. It is in conjunction with Venus (to within 1°16′) and Saturn in transit (to within 5°47′).
2. On 6 March 1995
   • Age: 68,87 years old.
   • Saturn-Moon period.
   • Position of the degree of the year: 22°03′ of Gemini on a degree pertaining to Mars (20°53′) and Jupiter (22°31′). It is of Feeble force (in the House VI).
   • Position of the degree of the day: 3° 13′ in Taurus. It is in conjunction with the Sun (to within 3°) and the Part of Fortune (on its exact degree).

Barings bankruptcy -Analogies

About the year: The Moon is the Master of the period. It is of Powerful force (in night birth). It is of Beneficent quality in an oriental position to the Sun. It also is determining of wealth, as governor of the Sun and the Part of Fortune in House II in Taurus. This determining factor of richness is ambivalent because, it forms a square aspect (12°) with the Moon. This malefic aspect means a risk of some financial problem during the period.
1. On 16 January 1995
   Venus is of Very Beneficent quality in Pisces, its sign of Exaltation. It is in analogy with richness and also symbolizes a bank of business because it is the governor of the Sun and the Part of Fortune in Taurus (governor of the first 8 degrees of the Taurus in night birth, with the Moon). It is attacked by the Saturn transit, determinant of pain and bankruptcy in this case (Saturn of Evil quality in Pisces).
2. On 6 March 1995
   The degree of the day coincides with the third degree of Taurus in conjunction with the Sun and the Part of Fortune, the determining astral energy of wealth in Queen Elizabeth II’s chart. The purchase of Barings cost Dutch bank ING £610 million.