Nick Leeson
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Despite the diverse backgrounds of the bad bets highlighted on this list, they all have one thing in common: losses north of a $1 billion. Bad bets by Nick Leeson, the original rogue trader, led to $1.4 billion in losses for Barings Bank, helping to... Full Article at Advanced Trading
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This time the culprit is Bruno Michel Iksil. Iksil struck fear into other bankers, for being the biggest better in London. Known as the London Whale – or within banking circles he was often referred to as Voldemort after the evil wizard who cannot be... Full Article at Financial Services Clubs Blog
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A fourth feature, d) a sudden absence of liquidity – is often the event that triggers a debacle, but the root of the problem is almost always a highly leveraged, mismatched, opaque position that was there in the first place. This combination is how... Full Article at The Burning Platform
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Heinze was wiped out, and the panic was halted by J.P. Morgan himself, who pledged his own fortune to back the banking system. The aftermath of the Panic led to the creation of the Federal Reserve. 1995: Singapore-based Barings trader Nick Leeson made... Full Article at Wall Street Journal Blogs
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Of course, there are already a handful of people for whom it did: key figures in the banking crisis, and, before all of them, rogue trader Nick Leeson who brought Barings Bank crashing down a generation before. The Murdochs may be about to join them. ... Full Article at Martin Turner's Blog
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From then on, all I wanted to be was an investment banker. Somehow though, 20 years later, I've become an artist. A summer internship at the investment management firm Barings in 1994 should, perhaps, have been a warning, coming just months before Nick... Full Article at Guardian Unlimited
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Chinese 'Nick Leeson' rogue trader Wang Caipang sentenced to death after £10m fund scam
Daily Mail - UK
By the end of 1992 the account's losses exceeded £2m, which ballooned to £208m by the end of 1994, when he was arrested. Rogue trader: Former broker Nick Leeson infamously brought down Britain's Barings Bank in the mid 1990s He was later sentenced to... Full Article at Daily Mail - UK
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Ron Baker, telling Leeson that he has to generate another two million pounds next month to secure their bonuses. Such unrealistic goals provoked Leeson to manipulate incentive compensation plan results by hiding losses in an account 88888 to make... Full Article at Term Paper Warehouse
About this topic
Wikipedia
Nicholas "Nick" Leeson (born 25 February 1967) is a former derivatives broker whose fraudulent, unauthorized speculative trading caused the collapse of Barings Bank, the United Kingdom's oldest investment bank, for which he was sent to prison. Since leaving prison in 1999 he became, and subsequently resigned as, the CEO of Irish football club... Full Article At Wikipedia.org
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