Rogue Trader: The Original Story of the Banker Who Broke the System

'Hair-raising' Sunday Times
'Simultaneously entertaining and appalling' Financial Times

Twenty years ago - before Lehman Brothers; before PPI; before a global recession and crises with the Euro - before all that, there was Nick Leeson, the original rogue trader.

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.

1003570828
Rogue Trader: The Original Story of the Banker Who Broke the System

'Hair-raising' Sunday Times
'Simultaneously entertaining and appalling' Financial Times

Twenty years ago - before Lehman Brothers; before PPI; before a global recession and crises with the Euro - before all that, there was Nick Leeson, the original rogue trader.

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.

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Rogue Trader: The Original Story of the Banker Who Broke the System

Rogue Trader: The Original Story of the Banker Who Broke the System

by Nick Leeson
Rogue Trader: The Original Story of the Banker Who Broke the System

Rogue Trader: The Original Story of the Banker Who Broke the System

by Nick Leeson

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Overview

'Hair-raising' Sunday Times
'Simultaneously entertaining and appalling' Financial Times

Twenty years ago - before Lehman Brothers; before PPI; before a global recession and crises with the Euro - before all that, there was Nick Leeson, the original rogue trader.

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.


Product Details

ISBN-13: 9780751563641
Publisher: Little, Brown Book Group
Publication date: 10/22/2015
Sold by: Hachette Digital, Inc.
Format: eBook
File size: 4 MB

About the Author

Nick Leeson was born in Watford in 1967 and after a stint at Morgan Stanley joined Baring Brothers in 1989. His immediate success led to his transfer to Singapore. The rest is history. In August 1998 it was revealed that he has contracted cancer.
Nick Leeson was born in Watford in 1967 and after a stint at Morgan Stanley joined Baring Brothers in 1989. His immediate success led to his transfer to Singapore. The rest is history. In August 1998 it was revealed that he has contracted cancer.

Table of Contents

Introduction to the 2015 Edition ix

Preface xvii

Prologue 1

1 The Watford Gap: From Watford to Barings 22

2 Barings Bank 31

3 Singapore 45

4 1993 to the 1994 Internal Audit 75

5 1994: The Losses Mount 129

6 November and December 1994 171

7 January to 6 February 1995 211

8 Monday 6 to Friday 17 February 249

9 Monday 20 to Thursday 23 February 283

10 Monday 27 February to Thursday 2 March 299

11 Höchst Prison 323

Postscript 357

List of Abbreviations 358

Glossary 359

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