Easdaq is the open sesame to Europe

Article Abstract:

The European Association of Securities Dealers Automated Quotation (Easdaq) market, which will begin trading on Sep 30, 1996, will allow institutional and private investors to buy and sell shares in US and European growth companies in the same way as they currently purchase domestic shares. It is modelled on the Nasdaq market in the US, and is not intended to be a high-risk market. Companies listing on this market will have to have the backing of sponsors.

International aspects, Stock-exchange, Stock exchanges

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How Leeson's deceit went unchecked for months

Article Abstract:

A report prepared for the administrators of collapsed merchant bank Barings indicates how a single trade, Nick Leeson, was able to bring about the bank's downfall. He acted with cunning and deceit, and senior managers failed to put a stop to his risky trading activities. They did not take action after concern was expressed to them about Leeson's activities, and continued to supply funds to the Singapore operation without making proper checks.

Investigations, Merchant banks, Barings PLC

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What is going on at Lloyd's and will it go bust?

Article Abstract:

The Lloyd's of London insurance market is facing extensive losses as many of its members, known as names, become unwilling to meet their liabilities to policyholders. It is now working on a rescue plan, which is likely to include seeking even more money from names. Some observers believe that it could collapse altogether, removing 1.7 billion pounds sterling from the UK's balance of payments.

Management, Insurance exchanges

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