Editing Barings Bank (section)

====Discovery====
On 23 February 1995, Leeson left Singapore to fly to [[Kuala Lumpur]]. Barings Bank auditors discovered the fraud around the time that Barings' chairman Peter Baring received a confession note from Leeson. Leeson's activities had generated losses totalling £827 million ($1.3 billion), twice the bank's available trading capital. The collapse cost another £100 million.<ref name="investig"/> The Bank of England attempted an unsuccessful weekend bailout,<ref name="JamesReason">{{cite book|last=Reason|first=James|year=1997|title=Managing the Risks of Organizational Accidents|publisher=Ashgate Publishing Limited|pages=28–34}}</ref> and employees around the world did not receive their bonuses. Barings was declared insolvent on 26 February 1995, and administrators began managing the finances of Barings Group and its subsidiaries.<ref name="Report"/> The same day, the Board of Banking Supervision of the Bank of England launched an investigation led by Britain's Chancellor of the Exchequer; its report was released on 18 July 1995.<ref name="Report">{{cite web|url=https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/235622/0673.pdf|title=Return to an order of the Honourable the House of Commons dated 18 July 1995 for the Report of the Board of Banking Supervision inquiry into the circumstances of the collapse of Barings|location=London|publisher=HMSO|date=18 July 1995|access-date=25 February 2021}}</ref> Leeson was captured in Frankfurt on 2 March and extradited to Singapore on 23 November, 272 days after fleeing.  He was sentenced to six years and six months imprisonment, served in Singapore's [[Changi Prison]], for his wrongdoings.<ref>{{Cite web|title=Guilty As Charged: Rogue trader Nick Leeson brought down Britain's oldest merchant bank Barings|url=https://www.straitstimes.com/singapore/courts-crime/guilty-as-charged-rogue-trader-nick-leeson-brought-down-britains-oldest|date=15 May 2016|access-date=30 October 2021|website=The Straits Times}}</ref>