A true tale chronicling the diasatrous collision of old money and raw greed.
In February 1995, the unthinkable happened: one of the oldest and most respected merchant banks in London went bankrupt. The story that "rogue" Barings trader Nick Leeson lost hundreds of millions of pounds speculating in the Far East was front-page news throughout the world. Accused of fraud on a massive scale, Leeson first strenuously opposed being tried in Singapore, then eventually was taken there from his prison in Frankfurt. In December 1995 he pleaded guilty - and the trial began and ended within two days. As a result, the prosecution case against Leeson was not heard. What really happened to cause the downfall of "the Queen's bank," and who was actually responsible?
In The Collapse of Barings, Stephen Fay investigates the facts behind the headlines and discovers a closed network of privilege, greed, and incompetence. In the rapidly changing system of global finance, the directors of Barings came to rely on people they hardly knew - like Nick Leeson - to make their fortunes in markets they did not fully understand, like SIMEX in Singapore. The plasterer's son from Watford was still in his mid-twenties when he rose to become the golden boy of Barings, claiming to have made profits of ten million dollars in one week. His London bosses watched passively as a culture of speculation grew until it eventually destroyed them, and changed the face of London's financial heartland.
"synopsis" may belong to another edition of this title.
"About this title" may belong to another edition of this title.
Shipping:
US$ 4.65
Within U.S.A.
Book Description Soft cover (trade paper). Condition: New. Indexed. 310 pages. This book is in stock and ready to ship. Seller Inventory # 004969
Book Description Condition: New. Buy with confidence! Book is in new, never-used condition. Seller Inventory # bk0393337405xvz189zvxnew
Book Description Condition: New. New! This book is in the same immaculate condition as when it was published. Seller Inventory # 353-0393337405-new
Book Description Condition: New. Seller Inventory # 6544362-n
Book Description Paperback or Softback. Condition: New. The Collapse of Barings 1.05. Book. Seller Inventory # BBS-9780393337402
Book Description Soft Cover. Condition: new. This item is printed on demand. Seller Inventory # 9780393337402
Book Description Condition: New. Seller Inventory # ABLIING23Feb2215580178025
Book Description Paperback. Condition: new. Paperback. In February 1995, the unthinkable happened: one of the oldest and most respected merchant banks in London went bankrupt. The story that "rogue" Barings trader Nick Leeson lost hundreds of millions of pounds speculating in the Far East was front-page news throughout the world. Accused of fraud on a massive scale, Leeson first strenuously opposed being tried in Singapore, then eventually was taken there from his prison in Frankfurt. In December 1995 he pleaded guilty - and the trial began and ended within two days. As a result, the prosecution case against Leeson was not heard. What really happened to cause the downfall of "the Queen's bank," and who was actually responsible? In The Collapse of Barings, Stephen Fay investigates the facts behind the headlines and discovers a closed network of privilege, greed, and incompetence. In the rapidly changing system of global finance, the directors of Barings came to rely on people they hardly knew - like Nick Leeson - to make their fortunes in markets they did not fully understand, like SIMEX in Singapore. The plasterer's son from Watford was still in his mid-twenties when he rose to become the golden boy of Barings, claiming to have made profits of ten million dollars in one week. His London bosses watched passively as a culture of speculation grew until it eventually destroyed them, and changed the face of London's financial heartland. A true tale chronicling the diasatrous collision of old money and raw greed. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780393337402
Book Description Paperback. Condition: new. New. Fast Shipping and good customer service. Seller Inventory # Holz_New_0393337405
Book Description Paperback. Condition: new. New. Seller Inventory # Wizard0393337405