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Barings Bank Collapse (1995) Options
Daemon
Posted: Wednesday, February 26, 2014 12:00:00 AM
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Barings Bank Collapse (1995)

A cautionary tale for financial institutions the world over, the collapse of Barings Bank, a centuries-old British bank, resulted from the activities of a single, unscrupulous employee. The man in question, derivatives broker Nick Leeson, made unauthorized, unhedged futures transactions on Nikkei, racking up £827 million ($1.3 billion) in losses in no time. He hid these losses by reporting them as gains and got away with it due to a lack of oversight. What brought the whole scheme crashing down? More...
Westley Payne
Posted: Wednesday, February 26, 2014 7:08:28 AM

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I think I watched the movie about it, it was with the obi wan kenobi, (I forget his name)
curmudgeonine
Posted: Wednesday, February 26, 2014 8:03:52 AM

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Alec Guinness or Ewan McGregor, Westley Payne? They both played Obi Wan
Alice M Toaster
Posted: Wednesday, February 26, 2014 12:05:16 PM

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At the bottom of the article, under "See Also" it shows: Rogue Trader, 1999 film starring Ewan McGregor

Just trying to figure out the difference between
Marguerite
Posted: Wednesday, February 26, 2014 5:02:07 PM

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Nick Leeson was only sentenced to six years in a jail in Singapore. He was released early for terminal colon cancer which didn't turn out to be terminal at all. LIving in Galaway Ireland with is new wife he wrote a book, Rogue Trader (1996) which was made into a movie. At least the British tax payers didn't bail out Barings Bank which was engaging in casino type trading.
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