The Man Who Single-Handedly Brought Down One of the World’s Oldest Investment Banks Became a Financial Misconduct Investigator | Global News Avenue

As they said, one person needs to know one. So explained Nick Leeson From a single -gun horse collapsed the oldest bank in the world, to investigating financial improper behavior thirty years later.

233 years after sinking Barings bankLeeson Rogue trader, He served in prison and defeated cancer. Then, he started a proficient speech occupation, and then taught people how to trade, and finally joined the red mist law enforcement department to sniff the behavior that made him jail.

How to reduce Barings Bank

Barings Bank is the first major international large international Investment bankEssence It was established in the UK in 1762. It may be known to help the Napoleonic War, manage the financial situation of the British royal family and the funds purchased for Louisiana. The United States may not be as big as today.

Although mathematics failed, Leeson went directly to finance after school. In the mid -1980s, he rested with Coutts, and then moved to other banks including Morgan Stanley, and then worked as a job in Barings DerivativeEssence

His ambitions, aggression and successful transactions in Japan Nikkei 225 shares average It was impressed by his boss. He quickly improved the team and was eventually responsible for the transaction floor and transaction resolution of the company’s Singapore office. This position has given him autonomy and can be traded according to his wishes.

Leeson’s transaction initially made his employer millions. Then he began to lose. He hid his losses and tried to make up for them by risk transactions with customers. By the end of 1994, Leeson fell £ 208 million ($ 255 million). He did not clean up, but continued to secretly try to make up for his losses by betting on a lot of betting Nikkei Futures. Then, in January 1995, an earthquake occurred in Kobe, Japan, and rolled Nikkei and pushed Leeson’s losses to more than 800 million pounds. This number exceeded his employer’s available capital and reserve.

bar Mantime It was found that Leeson’s transaction was lost less than a week. A few years later, the bank was sold at a price of £ 1.

The consequences of Barings fall

Lisen was sentenced to six and a half years in Singapore Prison. During that period, he wrote an autobiography, Rogue Trader: How can I reduce Barings Bank and shock the financial industryEventually, Hollywood movies starred by McGregor.

After the issuance, Leeson published another book, obtained a psychological degree, and served as a variety of tasks, including providing advice on the company as a spokesman to the company. How to trade in the person in charge.

What is LEESON doing now?

According to his LinkedIn profile, LEESON still delivered a speech and was the CEO of Bull & Bear Capital. He said that he leaked how he traded his money and analyzed the market. In 2023, LEESON confirmed that he was still working in the law enforcement department of the Red Fog Market. He said that his job there was to investigate improper financial behavior and help investors cannot get compensation in courts when regulators cannot provide help.

Bottom line

Nick Leeson, as a rogue trader, lost huge amounts of funds from employers and investors, lost the work of many people, and destroyed a bank for hundreds of years. These banks will help The United States is placed on the map. He has become a face of incorrect financial behavior, and is now using the knowledge he has obtained to help protect people from being exempted from similar illegal behaviors.