What is Barings Bank?

Legal Definition
Barings Bank was a British merchant bank based in London, and the world's second oldest merchant bank (after Berenberg Bank). It was founded in 1762 and was owned by the German-originated Baring family of merchants and bankers.

The bank collapsed in 1995 after suffering losses of £827 million ($1.3 billion) resulting from poor speculative investments, primarily in futures contracts, conducted by an employee named Nick Leeson working at its office in Singapore.
-- Wikipedia
Legal Definition
A bank started in 1762. It was most stable in the world for a long time. In 1995 it collapsed because Nick Leeson did unauthorised trading. It was bought by ING.