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When Leeson was arrested in 1995 for bringing Barings Bank to its knees, it initially seemed as if he had single-handedly crushed the company. Indeed, it was he alone who found himself in the dark confines of a Singapore jail, from where he wrote Rogue Trader. Now updated for the twentieth anniversary of the collapse of Barings, this is his story of a broken system; of a cast of characters blind to anything but profits - whatever the cost. Leeson's tale of boom and bust is an important reminder of the immense power the banking system held and, worryingly, still holds.
Provides an inside account of the shocking bankruptcy of the two-hundred-year-old British bank and the twenty-eight-year-old rogue trader in Singapore who caused its collapse. Reprint. PW.
This is the true story of how Nick Leeson caused the collapse of Barings Bank.
The British banker whose unsupervised trading at the Singapore branch of Barings Bank destroyed the bank describes his career and recounts the events that led to his imprisonment
The definitive, classic account of the fall of the House of Baring and the ultimate rogue trader Nick Leeson. John Gapper, Associate Editor of the Financial Times, and his co-author Nicholas Denton, now founder of Gawker Media, interviewed all the major players involved in the collapse of one of England's oldest banks. All That Glitters reveals the faustian deal struck between the whizz-kid traders who seemed to be bringing in huge profits and the grandies who were happy to pocket them without asking too many questions. For the first time, the actions and motives of all the participants are explained, including the final days when politicians and bankers made a last-ditch attempt to save the bank, as well as Nick Leeson's actions and motives.
Imagine spending three and a half years in prison for causing the financial scandal of the century, being divorced by your wife and then, to cap it all, being diagnosed with cancer. In 1995, Nick leeson's unchecked risk-taking caused the sensational collapse of Barings Bank. He was sentenced to six and a half years in a gang-ridden Singaporean jail, in conditions that defy belief, while, at the same time, his wife left him and he was diagnosed with colon cancer. His stress levels were immeasuable yet, against all odds, he survived. Back From The Brink tells Leeson's complete personal story, whilst in-depth conversations with top psychologist Ivan Tyrell show how the continual levels of high ...
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This work charts the development of Baring's Securities: its employment policies, work ethics, and the professional environment created by Christopher Heath. It describes the climate of greed which fostered the rise of Nick Leeson, the political struggles within the company which accomodated his rise to power, and the circumstances which allowed his fraudulent activities to go unchecked for over two years, culminating in the dramatic collapse of the Queen's bankers.
Barings Lost is the story of the collapse of Barings Bank. How and why unmonitored trading by a single dealer brought a venerable institution to its knees is revealed through careful analyses of a long series of events. Nick Leeson's role in bringing down the bank is central to the story. The exciting early days of his life in Singapore, his rise within the bank, his dealing wins and losses, and his eventual flight, all make fascinating reading.
The issue of personal insolvency, how individuals can address its various aspects, what steps they can take and what options are available to them, is one of the most pressing issues in Irish society at the present time. This aim of this book is to provide answers, direction and, above all, reassurance, to those people affected by what has become a very common problem. Taking in the new insolvency legislation and its implications, together with providing details of the many available avenues for assistance, this book provides factual and professional advice to those who need it most.