Multiple choice general knowledge

What amount was paid by the ING for the purchase of Barings Bank?

  1. One Billion Dollar

  2. One pound sterling

  3. One pound Dollar

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

ING (Dutch bank) acquired Barings Bank for one pound sterling in 1995 after the legendary Barings collapsed due to Nick Leeson's unauthorized trading losses - the symbolic one pound purchase was arranged to minimize legal complexities while preserving the bank's operations.

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