Finance, Banking, Stock Market, Trading and Investing
"synopsis" may belong to another edition of this title.
How could one trader bring down the banking empire that had funded the Napoleonic Wars? This is the story of Nick Leeson, the young gambler who found himself sucked into a terrifying spiral of loss. Disingenuous but nevertheless compelling, this is a portrait of Leeson -- the working-class boy who lived high, at least for a while, in an upper-class world -- and of Barings, banker to the English peerage, but also of the organized chaos that is the Singaporean money market.From Library Journal:
From the opening of the "error account" that allowed him to bury $827 million in losses, to the failure of an audit of his books to detect the cover-up, Leeson in his version of the events that precipitated the fall of Barings Bank blames the stupidity of the institution's hierarchy. Indeed, putting an untested 28-year-old in charge of a trading desk (the Singapore International Monetary Exchange) seems, at best, ill advised. Though Leeson's glib tale of the plucky lower-class kid who fools the fobs that bank the queen's money is clearly designed to win support, his assessment of Barings jibes with Judith Rawnsley's Total Risk (LJ 2/1/96), to date the only reliable work on the downfall of the 200-year-old bank. Despite this, Leeson's recitation of his crimes is the work of a flimflam man. Recommended for collections already owning Rawnsley's title.
Adam Mazmanian, "Library Journal"
Copyright 1996 Reed Business Information, Inc.
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Book Description Little Brown and Company, 1996. Hardcover. Book Condition: New. book. Bookseller Inventory # 0316518565
Book Description Little Brown and Company, 1996. Hardcover. Book Condition: New. Bookseller Inventory # P110316518565
Book Description Book Condition: Brand New. Book Condition: Brand New. Bookseller Inventory # 97803165185671.0
Book Description Little Brown and Company. Hardcover. Book Condition: New. 0316518565 New Condition. Bookseller Inventory # NEW6.1100726