EP 51: The Man Who Bankrupted Barings Bank - Nick Leeson
Barings bank was established in 1762. It was the United Kingdom's oldest merchant bank and at one point, was called 'the sixth great European power.Nick Leeson was a wunderkind.Everything he touched, everything he traded turned to gold. He didn't e...
A Brief Case · Teddy Teo
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Show Notes
Barings bank was established in 1762. It was the United Kingdom's oldest merchant bank and at one point, was called 'the sixth great European power.
Nick Leeson was a wunderkind.
Everything he touched, everything he traded turned to gold. He didn't even pass his Math A'levels, yet he seemed to have an instinctive grasp of the market. He was eventually placed in charge of the Singapore branch of the Barings bank.
About four years after Nick became the General Manager of the Singapore branch, Barings bank was sold for one British Pound. How did Nick bankrupt the Barings Bank...?
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