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Topic: Nick Leeson


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In the News (Sun 19 May 13)

  
  Nick Leeson and Barings Bank
As general manager, Leeson's job was not trading, but he soon took the necessary exam so that he could trade on SIMEX along with his small team of traders.
On February 23, 1995, Nick Leeson hopped on a plane to Kuala Lumpur leaving behind a GBP 827MM hole in the Barings balance sheet.
Leeson was involved with two "products"—futures arbitrage and trade execution for clients or other companies within the Barings organization.
www.riskglossary.com /articles/barings_debacle.htm   (1779 words)

  
  Nick Leeson
Nick Leeson was an investment officer of Barings Bank London England.
After capture, Nick was held in confinement for nine months in a Frankfort Germany prison and was eventually extradited to Singapore where the alleged crimes were committed.
Nick was sentenced to 6 1/2 years by the Singapore court for forgery and cheating.
www.hrh.ch /whoiswho/nleeson.htm   (143 words)

  
 Nick Leeson - Official Website
The collapse of Barings Bank (personal bank to HM The Queen) in 1995 and Nick Leeson's role in it, is one of the most spectacular debacles in modern financial history.
Following Barings' collapse, Nick Leeson was sentenced to six and half years in a gang-ridden Singaporean jail, in conditions that defy belief, while at the same time, his wife left him and he was diagnosed with colon cancer.
Nick Leeson continues to speak regularly at conferences and dinners and June 2005 saw the release of his new book Back from the Brink; Coping with Stress.
www.nickleeson.com   (0 words)

  
  Nick Leeson gets $100,000 for appearance; ad offers abound
Leeson was paid $100,000 for his appearance, the first of a string his lawyers and media handlers have scheduled for him over the next few months.
Leeson's only option is to try to squeeze as much revenue as possible from his tale, which has already been extensively chronicled in a best-selling book, "Rogue Trader," and a movie by the same title starring heartthrob Ewan McGregor that flopped at the box office.
Leeson didn't see a penny from either, according to Monk, because his share went straight to Barings' creditors.
www.financialexpress.com /fe/daily/19991108/fst08079.html   (692 words)

  
  BBC News | The Economy | How Leeson broke the bank
Nick Leeson, a working class lad from Watford, the son of a plasterer, was chuffed to land a job in the purportedly-glamorous world of the City of London in 1982.
Leeson requested and obtained extra funds to continue his trading activities, as he attempted to extricate himself from the financial mess by more and more frenetic deals.
Leeson pleaded guilty to fraud and was sentenced to six and a half years in prison.
news.bbc.co.uk /1/hi/business/the_economy/375259.stm   (439 words)

  
 Nick Leeson
Nick Leeson is a British investments trader whose actions caused the collapse of Barings Bank.
Leeson was arrested for his role in the collapse on March 2, 1995.
Leeson returned to the United Kingdom and published an autobiography 'Rogue Trader' detailing his acts.
www.ebroadcast.com.au /lookup/encyclopedia/ni/Nick_Leeson.html   (113 words)

  
 Ovations - Nick Leeson   (Site not responding. Last check: )
In the early 1980s, Nick Leeson landed a job as a clerk with royal bank Coutts, followed by a string of jobs with other banks, ending up with Barings, where he quickly made an impression and was promoted to the trading floor.
Leeson and his wife Lisa seemed to have everything: a salary of £50,000 with bonuses of up to £150,000, weekends in exotic places, a smart apartment and frequent parties and to top it all they even seemed to be very much in love.
Nick Leeson has proved his resilience and has been able to capitalise on his experiences.
www.ovations.com.au /bios/NickLeeson.shtml   (693 words)

  
 Nick Leeson
Nick Leeson is a British investments trader whose actions caused the collapse of Barings Bank.
Leeson was arrested for his role in the collapse on March 2, 1995.
Leeson returned to the United Kingdom and published an autobiography 'Rogue Trader' detailing his acts.
www.fastload.org /ni/Nick_Leeson.html   (0 words)

  
 Nick Leeson biography
Nick Leeson was born on 25th February 1967.
Leeson was jailed in Singapore during the middle of the 1990s after losing about £850m of Baring's money, that ultimately led to the collapse of the Bank, one of the City of London's most blue-blooded institutions.
When he was discovered, Leeson and his wife at the time, Lisa, did a runner, but the authorities eventually caught up with Leeson in Germany and he was extradited to Singapore.
www.biogs.com /famous/leesonnick.html   (299 words)

  
 BBC - Crime Case Closed - Nick Leeson   (Site not responding. Last check: )
Leeson and his wife Lisa seemed to have everything: a salary of £50,000 with bonuses of up to £150,000, weekends in exotic places, a smart apartment and frequent parties.
However Leeson seemed to be infallible to Barings Chief Executives and by the end of 1993, he had made more than £10m - about 10 per cent of total profit that year.
Leeson was counting that there would be a post quake rebound and the Nikkei would stabilise at 19,000.
www.bbc.co.uk /crime/caseclosed/nickleeson.shtml   (1362 words)

  
 Nick Leeson at AllExperts
Nicholas Leeson (English, born February 25, 1967) was formerly a derivatives trader; his unsupervised speculative trading caused the collapse of Barings Bank, the United Kingdom's oldest investment bank.
Leeson attempted to recoup his losses by making a series of increasingly risky new investments, this time betting that the Nikkei would make a rapid recovery, but this failed to materialize and he only succeeded in digging a deeper hole.
While he had authorization for the January 16th short straddle, he was charged with fraud for deceiving his superiors about the riskiness of his activities and the scale of his losses, although some observers have placed much of the blame on the bank's own deficient internal auditing and risk management practices.
en.allexperts.com /e/n/ni/nick_leeson.htm   (692 words)

  
 Nick Leeson - Official Website
Nick Leeson is one of the UK’s most sought-after speakers.
The collapse of Barings and Nick Leeson's role in it is one of the most spectacular debacles in modern financial history.
Nick talks frankly about what happened with Barings, the lack of accounting safeguards, his capture and confinement for 9 months in a Frankfurt prison and being sentenced to 6 years by the Singapore court for forgery and cheating.
www.nickleeson.com /speaking   (0 words)

  
 Handwriting Nick Leeson Sample   (Site not responding. Last check: )
Nick Leeson was an investment officer of Barings Bank London England.
After capture, Nick was held in confinement for nine months in a Frankfort Germany prison and was eventually extradited to Singapore where the alleged crimes were committed.
Nick was sentenced to 6 1/2 years by the Singapore court for forgery and cheating.
www.handwriting.org /images/samples/nleeson.htm   (152 words)

  
 Amazon.com: Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World: Books: Nick Leeson,Edward ...   (Site not responding. Last check: )
This is the story of Nick Leeson, the young gambler who found himself sucked into a terrifying spiral of loss.
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.
Leeson tell his side of the story in a frank and honest way descibing his mistakes, bad luck and arrogance in a build-up of events that will end up in disaster.
www.amazon.com /Rogue-Trader-Brought-Barings-Financial/dp/0316518565   (1966 words)

  
 CNN.com - Nick Leeson on life on the outside - Nov 23, 2005
Released in 1999, Leeson returned to the UK a changed man. On top of surviving prison life, he had been diagnosed with, and successfully treated for, cancer and been divorced by his wife during his sentence.
Leeson came to terms with his experiences by writing "Rogue Trader," the account of his financial misadventures that was later turned into a film, starring Ewan McGregor.
Leeson is commercial director at the club -- a job he's comfortable with, in a life he's comfortable with.
www.cnn.com /2005/BUSINESS/11/23/leeson.profile   (607 words)

  
 Nick Leeson Details, Meaning Nick Leeson Article and Explanation Guide
Nick Leeson (born February 25, 1967) is a British investments trader whose actions caused the collapse of Barings Bank, the United Kingdom's oldest investment banking firm.
While he had authorization for the initial short straddle, he was charged with fraud for deceiving his superiors about the riskiness of his activities and the scale of his losses, although some observers have placed much of the blame on the bank's own deficient internal auditing and risk management practices.
Nick Leeson was once arrested for indecent exposure in Harry's Bar, a popular drinking spot in Singapore.
www.e-paranoids.com /n/ni/nick_leeson.html   (397 words)

  
 Nick Leeson: Return of the Rogue Trader - Independent Online Edition > Profiles   (Site not responding. Last check: )
Leeson paid a far higher price, serving three-and-a-half years of a six and-a-half-year sentence in a Singaporean jail, much of it in solitary confinement.
Survival was to remain uppermost in Leeson's mind when, after pressing the authorities to take his health fears seriously, it was confirmed that he was suffering from colon cancer, the same condition that killed his mother.
Leeson's post prison career received a considerable boost from the publication of his memoirs, which were optioned by Sir David Frost who executive-produced the film of the same name starring Ewan McGregor.
news.independent.co.uk /people/profiles/article2338400.ece   (1640 words)

  
 Speakers Corner - Nick Leeson
Nick Leeson, the young gambler who found him self sucked into a terrifying spiral of loss, was a working class boy who lived high in an upper class world until his unchecked gambling caused the downfall of Barings, the Banker to the English Peerage and caused chaos in the Singaporean money market.
Nick talks frankly about what happened, the lack of accounting safeguards, his capture and confinement for 9 months in a Frankfurt prison and being sentenced to 6 ½ years by the Singapore court for forgery and cheating.
Nick has spoken at a number of high profile dinners over the last few years including the Legends Dinner in London, the Yorkshire Business Convention in Harrogate, the North East Business dinner and has traveled extensively to New Zealand and South Africa to deliver his speech.
www.speakerscorner.co.uk /speaker/142/nick-leeson.html   (492 words)

  
 Galway United FC have appointed Mr Nick Leeson as the club's new Commercial Manager
Nick Leeson, the man most closely associated with the collapse of Barings Bank in 1995, will take up the position next week.
The appointment of Mr Leeson is one of a number of developments implemented by First Division Galway United recently, including the establishment of a new Board of Directors drawn from the business, sporting and political fraternity of Galway.
The Board of Galway United wish Nick Leeson the best of luck in his new position and sincerely hope that it is an appointment that is mutually beneficial.
www.galway.net /galwayguide/news/2005/04/gufc20050417   (528 words)

  
 Nick Leeson   (Site not responding. Last check: )
Leeson hatte in Futures auf den Nikkei 225 investiert.
Heute engagiert sich Nick Leeson verstärkt in der Krebsforschung.
Nick Leeson wurde während seiner Haftzeit von seiner Frau Lisa geschieden und hat keine Kinder.
www.biologie.de /biowiki/Nick_Leeson   (409 words)

  
 Asiaweek.com
FTER READING EXCERPTS OF Nick Leeson's book Rogue Trader, a source closely involved in the Barings scandal gave a cautious judgment: "It's too early to say how credible it is. But so far much of what he says rings true." That should interest Singapore, where Leeson is serving a six-and-a-half-year sentence for fraud.
Leeson also tells of encouragement from his London bosses, who were under the impression that he was making big money.
Leeson, who turns 29 on Feb. 25, is presumably repeating the same nuggets to Singapore authorities.
www.pathfinder.com /asiaweek/96/0301/biz4.html   (353 words)

  
 Nick Leeson says banks still open to trading scandal - MarketWatch
Leeson, who described the events that led to his imprisonment and the end of Barings in the book "Rogue Trader," said the right combination of elements could produce another trading blow up.
Leeson was sentenced to six and a half years in a Singapore jail after he stole more than $1 billion to make currency bets in 1993 and 1994 on the Singapore Monetary Exchange.
Leeson said the bank officials, who were new to the complex derivatives market, were ignorant -- somewhat willfully -about his trading activity.
www.marketwatch.com /News/Story/Story.aspx?guid={11B08D6C-7758-47CC-B41E-CA753AE7FF7C}&siteid=mktw&print=true&dist=printBottom   (373 words)

  
 Total Risk: Nick Leeson and the Fall of Barings Bank. - book reviews Washington Monthly - Find Articles   (Site not responding. Last check: )
Leeson's predations are the subject of the first book to be published on the demise of Barings, Total Risk: Nick Leeson and the Fall of Barings Bank, by former Barings employee Judith H. Rawnsley.
Leeson not only told his bosses that he was doing massive trades with clients'--not the company's--money, but that the company's positions were all neatly hedged and therefore virtually risk-free.
Leeson's destruction of Barings began with the creation of a special account that only he controlled and through which he concealed large and growing losses.
www.findarticles.com /p/articles/mi_m1316/is_n1-2_v28/ai_17761531   (894 words)

  
 Nick Leeson - Official Website   (Site not responding. Last check: )
A report by the Singapore authorities into the collapse regards with disbelief, the protestations by Leeson's superiors, all of who were forced to resign, that they knew nothing of error account 88888.
Within months, Leeson was diagnosed as suffering from cancer of the colon, the disease that had killed his mother when he was only 20.
Nick slept on the rough concrete floor; breakfast was three slices of bread and the other meals, monotonous rice with a bit of chicken or vegetables.
mgw.hatena.ne.jp /?http://www.nickleeson.com/biography/full_biography_02.html   (745 words)

  
 Nick Leeson - Represented by NMP Management
Nick Leeson, the young gambler who found himself sucked into a terrifying spiral of loss was a working-class boy who lived high in an upper-class world until his unchecked gambling caused the downfall of Barings, the banker to the Queen and caused chaos in the Singaporean money market.
Nick talks candidly about what happened, the lack of accounting safeguards, his capture and confinement for nine months in a Frankfort prison and being sentenced to 6 years by the Singapore court for forgery and cheating.
Nick's new book (Released June 2005) tells his complete personal story, whilst in-depth conversations with top psychologist Ivan Tyrrell show how the continual levels of high stress that affected Nick’s mental and physical health can be related to us all, including:
www.nmpmanagement.co.uk /clients/nickleeson/index.html   (314 words)

  
 Elsevier.nl - Society - Nick Leeson vindt toekomst bij voetbalclub
Nick Leeson, de Brit die eigenhandig de oudste bank van Engeland, Barings, om zeep hielp, heeft een nieuwe baan.
Leeson werd in één klap wereldberoemd, toen bleek dat hij meer dan twee jaar lang de grote verliezen die hij leed op de beurs verborgen had gehouden.
Leeson begint deze week aan zijn nieuwe uitdaging.
www.elsevier.nl /nieuws/society/artikel/asp/artnr/39597/index.html   (0 words)

  
 Nick Leeson Wins a Stunning $25k Online Playing Poker
Leeson was the working class son of a plasterer from a Watford council estate, who failed his final math exams and left school with a mere handful of qualifications.
Nick Leeson is no stranger to collecting large sums of money and with his new found interest in CelebPoker.com the trend seems to be accumulating.
Leeson is a skillful player but more importantly has the rare ability to play the people before playing the cards.
www.celebpoker.com /news/index.php?id=76   (531 words)

  
 Nick Leeson and Barings Bank
Leeson took unauthorized speculative positions primarily in futures linked to the Nikkei 225 and Japanese government bonds (JGB) as well as options on the Nikkei.
As Leeson lost money, he had to pay those losses to SIMEX in the form of margin.
Leeson was involved with two "products"—futures arbitrage and trade execution for clients or other companies within the Barings organization.
www.contingencyanalysis.com /glossary/articles/barings_debacle.htm   (1779 words)

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