Twenty years ago, rogue trader nick leeson brought down. Click and collect from your local waterstones or get free uk delivery on orders. Nick leeson, the rogue trader who brought down barings bank, speaks to cmi about his remorse and how a culture of fear. In his autobiography rogue trader, nick leeson said the ethos at barings was simple. The story of nick leeson and how he brought down barings bank haroun kola. Because of this, a lot of the checks and balances that should have been noted were ignored. Steenbeekb, a stern school of business, new york university, new york, ny 100121126, usa b department of finance, erasmus. The book story goes in detail explaining the banking aspect and the financial transactions performed by. Born to working class parents on a council estate, his father was a selfemployed plasterer. Chatting casually over a pot of tea in the sleepy village of wisbech, cambridgeshire, nick leeson remarks on his time spent in a maximum security prison in germany in 1995. If the story rogue trader tells based on leesons book is to believed none of the catastrophe was really his fault.
Nick leeson case study solution case study analysis. Nick leeson reveals how his life has been after being. Nick has managed to rebuild his life and he deserves credit for that. In february 1995, nick leeson, a rogue trader for barings bank, uk, singlehandedly caused the financial collapse of a bank that had been in existence for hundreds of years. Join facebook to connect with nick leeson and others you may know. By 32 he had taken down a 233yearold investment bank and. A rogue trader who made fraudulent, unauthorised and speculative moves, leeson s actions led directly to the 1995 collapse of barings bank, for which he. Original rogue trader nick leeson tells story of how he. The story of nick leeson can be seen as the rise to fame and fortune of a workingclass hero who fell from grace because of ambition and greed and finally ended up back in the gutter, poorer but wiser. Find out how nick leesons story was published in the best selling book rogue trader and turned into a hollywood movie of the same name, starring ewan. The book is basically what you can see if you watch the cd rogue trader.
Im a forex introducing broker writing about the currency markets and. Leeson was devastated when visits from his first wife dried up while he was in prison and she eventually asked for. But outside school, nick leeson was one of the lads and could accurately be described at times as something of a yob. Bbc news business leesons legacy lives on in singapore. Buy rogue trader by nick leeson from waterstones today. Rogue trader grippingly tells the inside story of how the greatest gamble ever made rocked the city of london to its foundations. Following the trading debacle, leeson wrote his aptly titled rogue trader while serving time in a singapore prison. Nick leeson, a young broker with barings bank, was sent to work as generalmanager at the. What is amazing about leesons activities is the fact that he was able to accumulate such staggering losses without the management of barings noticing. Produced by sir david frost and starring ewan mcgregor as nick leeson.
How rogue trader nick leeson made a career out of killing a bank leeson singlehandedly wiped out barings bank in 1995 for which he spent four and a half years in a. Rogue trader by nick leeson, 9780751517088, available at book depository with free delivery worldwide. Rogue trader is quite an exciting book and it reads like a thriller. Thats it a rogue trader born into humble beginnings had singlehandedly brought down the curtains of a prestigious, 233yearold bank. Whitley, edward and a great selection of related books, art and collectibles available now at.
Nicholas william nick leeson is the derivatives trader infamous for triggering the collapse of barings bank, which is the united kingdoms oldest bank. Facebook gives people the power to share and makes the. Nick leeson, a young broker with barings bank, was sent to work as generalmanager at the singapore international monetary exchange. Fugitive nick leeson is escorted upon arrival at frankfurt airport, 2 march 1995. Rogue trader by nick leeson meet your next favorite book. How i brought down barings bank and shook the financial world is a book by nick leeson, who served four years in prison for fraud after. Nick leeson, the rogue trader who brought down britains oldest merchant bank, went on the run seven years ago this month as the scale of the losses he had incurred through a series of. Rogue trader nick leeson warns above the law city bankers will never stop dodgy dealing. The original rogue trader 18th march 2019 by expat living 11 min read hes made millions, lost billions, brought down a bank, been on the run, spent four years in prison, fought cancer.
Rogue trader based on nick s bestselling book, rogue trader the movie was released in 1999. How i brought down barings bank and shook the financial world by leeson, nick. Nick leeson is a former derivatives broker from the uk who famously caused the collapse of barings bank. Rogue trader nick leeson february 23, 1995 youtube. Nick leeson destroyed barings business the guardian. Nick leeson is an author, a speaker and the rogue trader who caused the biggest financial scandal of the 20th century causing the collapse of barings bank. Rogue trader by nick leeson, 9780751563399, available at book depository with free delivery worldwide.
Everyday low prices and free delivery on eligible orders. Nicholas william nick leeson born 25 february 1967 is a former english derivatives broker famous for bringing down barings bank, the united kingdom s oldest merchant bank, into bankruptcy. A former manager with englands barings bank, leeson became a rogue trader while heading up the companys singapore division in the early 1990s. Twenty years ago, rogue trader nick leeson brought down barings. Rogue trader the story of nick leeson and how he brought down barings bank cfds futures equities commodities fx.1466 114 93 125 268 1019 725 301 1442 1438 1616 1014 1293 159 1618 583 308 721 566 1181 1338 869 972 594 1128 226 153 146 418 1418 820 587