Podcast appearances and mentions of Nick Leeson

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Best podcasts about Nick Leeson

Latest podcast episodes about Nick Leeson

Risky Women Radio
Managing Operational Risk in a Changing World

Risky Women Radio

Play Episode Listen Later Jun 26, 2026 34:29


Welcome to another Book Club edition! In this episode, host Kimberley Cole sits down with Penny Cagan, industry veteran, academic at Columbia and NYU, and author of Managing Operational Risk in a Changing World. From navigating the "heady days" of Basel II in the immediate aftermath of Nick Leeson's Barings debacle to building the world's first operational risk database, Penny has spent her career gently exploding conventional thinking. She joins us to discuss why change initiatives fail when you only convince the C-suite, why the second line of defence needs to stop acting like an armchair referee, and how treating AI agents like messy human employees is the key to modern governance. Shownotes 02:06 – The Nick Leeson Effect & Defining Operational Risk 04:14 – The RCSA Overhaul: A Painful Lesson in Bottom-Up Trust 08:10 – The Quantitative Love Affair vs. Old-Fashioned Management 11:04 – Peddling FIRST: Building the Industry's First Risk Database 17:48 – The Changing World: Reshaping the Operating Model 29:09 – Agentic AI: Why Robots Need an Employee Handbook

Making Money
I Lost £862 Million & Collapsed a 233-Year-Old Bank

Making Money

Play Episode Listen Later Apr 20, 2026 74:42


In 1995, Nick Leeson brought down the UK's oldest merchant bank, Barings, with £862 million in hidden losses. The final hit to Barings was £827 million, triggering one of the biggest financial collapses in history. He explains how it really happened and how things spiralled over time. Was it fear of failure, the pressure to succeed, or something deeper that kept him going?

Market Maker
The Rogue Trader Who Broke Barings Bank: A Conversation with Nick Leeson

Market Maker

Play Episode Listen Later Mar 2, 2026 62:23


In this episode of Market Maker by AmplifyME, we sit down with Nick Leeson to explore trading psychology, risk management and what it takes to survive public failure after the collapse of Barings Bank and more than $1.3 billion in losses.At just 25 years old, Leeson was running a derivatives operation in Singapore during the high-pressure culture of 1990s banking. What followed brought down a 233-year-old institution and became one of the most infamous events in modern financial history. But this conversation goes far beyond the headlines.We examine the psychology behind catastrophic risk, the pressure to succeed at a young age, and how ego and fear of failure can quietly distort decision-making. Nick reflects on the culture inside investment banking at the time, the compounding effect of hidden mistakes, and what resilience really means after prison, public scrutiny and rebuilding a life from scratch.For anyone pursuing a career in trading, investment banking or financial markets, this episode offers a rare and candid perspective on ambition, accountability and the true cost of unchecked pressure.Market Maker by AmplifyME brings you conversations with the people who've experienced the highs and lows of global financial markets and the lessons they learned along the way.(00:00) The Rogue Trader Story(02:25) Growing Up & First Ambitions(04:36) Entering the City(10:24) Morgan Stanley & Big Bang(14:33) Fast Promotions in Finance(22:44) Joining Barings(25:06) Singapore at 25(29:41) When Pressure Builds(31:57) Managing Without Mentors(34:14) Getting on With Everyone(37:38) Status, Culture & Ego(42:14) Stress Was Off The Charts(42:58) The Losses Spiral(48:35) Ethics & Accountability(52:14) Fear of Failure(55:45) Prison & Resilience

The Wing Life Podcast
Episode #117 - Justin Chait

The Wing Life Podcast

Play Episode Listen Later Dec 3, 2025 39:23


Improve your foiling skills in paradise! Join us in Montanita Ecuador May 23-30, 2026 for a foil drive / tow / prone foil camp with Ecuador Foil, KT Foiling & Julia Castro. Learn MoreIn this episode, we sit down with the newly crowned 2025 E-Foil Surf Foil World Tour (SFT) World Champion – the undefeated e-foil racer who took the title in the season finale in Abu Dhabi.Fresh off dominating the inaugural SFT season, the Florida-based ripper (and Flightboard early adopter) joins us to break down what it actually feels like to turn a five-year hunch into a world championship, how e-foil racing went from “nice idea” to a full-blown global tour in record time, and why this sport is exploding faster than anyone predicted.We go deep on:- From kite-smash accidents to building one of the first e-foil schools in South Florida  - The wild Atlanta Foil Fest Enduro with Brian Grubb, Nick Leeson, and 20 riders dodging submerged trees at full throttle  - Unsanctioned full-send dawn patrols through Amsterdam's canals (don't try this at home)  - Gear geek-out: custom shims, chopped tails, 900 Flow vs 707 Flux wings, aftermarket race props, and why everything is still basically stock… for now  - Why full-face helmets and downhill MTB armor are becoming mandatory at 33–35 mph  - Mental warfare on the beach, prop-wash tactics, hot launches, and pulling 3+G turns  - Traveling the world with boards but no batteries (and how the Flightboard rental network saves the day)  - The massive progression from the first dealer races in 2022 to riders now training full-time and closing the gap second by second  - Where e-foil racing is headed: open-ocean courses, city canal sprints, Everglades gator-chasing, and boards that will eventually hit 50 mph  Year one of the Surf Foil World Tour is in the books, prize money is real, brands are paying attention, and the level is skyrocketing. The champ gives us the unfiltered look at what it took to stay on top — and why 2026 is about to get even crazier.If you've ever wondered what the cutting edge of foiling actually looks, sounds, and feels like… this is it.Follow the Surf Foil Tour → https://www.surffoilworldtour.com Justin Chait → https://www.instagram.com/_justinchait_/

The Wing Life Podcast
Episode #117 - Justin Chait

The Wing Life Podcast

Play Episode Listen Later Dec 3, 2025 38:23


This episode is brought to you by Villa Carina Apartments in beautiful Bonaire. In this episode, we sit down with the newly crowned 2025 E-Foil Surf Foil World Tour (SFT) World Champion – the undefeated e-foil racer who took the title in the season finale in Abu Dhabi.Fresh off dominating the inaugural SFT season, the Florida-based ripper (and Flightboard early adopter) joins us to break down what it actually feels like to turn a five-year hunch into a world championship, how e-foil racing went from “nice idea” to a full-blown global tour in record time, and why this sport is exploding faster than anyone predicted.We go deep on:- From kite-smash accidents to building one of the first e-foil schools in South Florida  - The wild Atlanta Foil Fest Enduro with Brian Grubb, Nick Leeson, and 20 riders dodging submerged trees at full throttle  - Unsanctioned full-send dawn patrols through Amsterdam's canals (don't try this at home)  - Gear geek-out: custom shims, chopped tails, 900 Flow vs 707 Flux wings, aftermarket race props, and why everything is still basically stock… for now  - Why full-face helmets and downhill MTB armor are becoming mandatory at 33–35 mph  - Mental warfare on the beach, prop-wash tactics, hot launches, and pulling 3+G turns  - Traveling the world with boards but no batteries (and how the Flightboard rental network saves the day)  - The massive progression from the first dealer races in 2022 to riders now training full-time and closing the gap second by second  - Where e-foil racing is headed: open-ocean courses, city canal sprints, Everglades gator-chasing, and boards that will eventually hit 50 mph  Year one of the Surf Foil World Tour is in the books, prize money is real, brands are paying attention, and the level is skyrocketing. The champ gives us the unfiltered look at what it took to stay on top — and why 2026 is about to get even crazier.If you've ever wondered what the cutting edge of foiling actually looks, sounds, and feels like… this is it.Follow the Surf Foil Tour → https://www.surffoilworldtour.com Justin Chait → https://www.instagram.com/_justinchait_/

Studio 9 - Deutschlandfunk Kultur
Vor 30 Jahren - Urteil gegen Finanzjongleur Nick Leeson

Studio 9 - Deutschlandfunk Kultur

Play Episode Listen Later Dec 2, 2025 4:04


Schwalb, Christian www.deutschlandfunkkultur.de, Studio 9

studio gegen urteil nick leeson schwalb
Radio Bremen: As Time Goes By - die Chronik
2. Dezember 1995: Urteil gegen Nick Leeson

Radio Bremen: As Time Goes By - die Chronik

Play Episode Listen Later Dec 1, 2025 4:03


Heute vor 30 Jahren wurde der Derivatehändler Nick Leeson in Singapur zu sechseinhalb Jahren Haft wegen Urkundenfälschung, Untreue und Betrugs verurteilt. Der Börsenmakler verursachte durch riskante Spekulationen den Zusammenbruch der ältesten Investmentbank Großbritanniens.

Talking Billions with Bogumil Baranowski
Rupert Mitchell: Are We Extrapolating Wrong Again? | A Macro Veteran on Chinese EVs, AI Hype, and Why Things Are Never as Good or Bad as They Seem

Talking Billions with Bogumil Baranowski

Play Episode Listen Later Nov 10, 2025 59:35


Rupert Mitchell is a capital markets veteran with 30 years of institutional experience across three continents who now runs Blind Squirrel Macro, combining mythology, storytelling, and contrarian thinking to help investors understand why narrative often matters more than numbers in macro investing.Episode Sponsor: Fiscal AI is a modern data terminal that gives investors instant access to twenty years of financials, earnings transcripts, and extensive segment and KPI data—use my link for a two-week free trial plus 15% off: https://fiscal.ai/talkingbillions/3:00 - Rupert discusses the British education philosophy: learning to learn rather than narrow vocational training, creating adaptable generalists who aren't limited by having "an amazing hammer where everything has to look like a nail"6:00 - Bearings collapse story: Fresh graduate Rupert spent his entire £400 bonus on a briefcase (still uses it 30 years later) hours before the 250-year-old merchant bank collapsed overnight due to Nick Leeson's derivatives trades11:00 - Key lesson from Bearings: "Things are never as bad as you fear or as good as you would hope" - the "we're so back, it's so over" cycle teaches moderation in expectations and avoiding extrapolation extremes16:00 - The mythology connection: Rupert's father, a military history writer, taught him that "most people don't really have a sense of history beyond about five or 10 years" - understanding cyclical patterns creates edge21:00 - Chinese EV revolution firsthand: Witnessing Mercedes lose luxury market dominance to BYD in China taught Rupert that establishment brands can fall faster than anyone expects when technology shifts33:00 - The generalist advantage: "I'm never baffled or scared of a new product, topic, market or theme" - breadth beats depth when markets constantly evolve and surprises come from unexpected directions45:00 - AI investment paradox: Despite machine learning being used in biotech for years, healthcare hasn't announced breakthrough cycles - this "monkey on my back" makes Rupert question AI hype narratives54:00 - On success: "Success has to be being proud of what you've done, right? And that's not a number. Some of the most miserable people I know are wealthier than God"Podcast Program – Disclosure StatementBlue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm's employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.Information expressed does not take into account your specific situation or objectives, and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.

Trend Following with Michael Covel
Ep. 1355: Richard Thaler and Alex Imas with Michael Covel on Trend Following Radio

Trend Following with Michael Covel

Play Episode Listen Later Sep 8, 2025 47:01


My guests today are Richard Thaler and Alex Imas. Richard Thaler is a theorist in behavioral economics and a professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Alex Imas is a professor of Behavioral Science, Economics and Applied AI and a Vasilou Faculty Scholar at the University of Chicago Booth School of Business. He studies behavioral economics with a focus on cognition and mental representation in dynamic decision-making. The topic is their book The Winner's Curse: Behavioral Economics Anomalies, Then and Now. In this episode of Trend Following Radio we discuss: Behavioral economics anomalies and their persistence Trend following, momentum, and mean reversion Nick Leeson and the Barings Bank collapse Development and evolution of their book Applications of behavioral economics in real-world decisions Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!  

Michael Covel's Trend Following
Ep. 1355: Richard Thaler and Alex Imas with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Play Episode Listen Later Sep 8, 2025 47:01


My guests today are Richard Thaler and Alex Imas. Richard Thaler is a theorist in behavioral economics and a professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Alex Imas is a professor of Behavioral Science, Economics and Applied AI and a Vasilou Faculty Scholar at the University of Chicago Booth School of Business. He studies behavioral economics with a focus on cognition and mental representation in dynamic decision-making. The topic is their book The Winner's Curse: Behavioral Economics Anomalies, Then and Now. In this episode of Trend Following Radio we discuss: Behavioral economics anomalies and their persistence Trend following, momentum, and mean reversion Nick Leeson and the Barings Bank collapse Development and evolution of their book Applications of behavioral economics in real-world decisions Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!  

Bandwidth Conversations
Saving the Planet One Species at a Time: Edward Whitley OBE on Conservation, Philanthropy & Jane Austen

Bandwidth Conversations

Play Episode Listen Later Jul 8, 2025 69:40


Edward Whitley OBE is a financier, philanthropist, author and conservationist whose work has helped protect some of the planet's rarest species. He's raised over £24 million for more than 220 conservation projects in 80+ countries, encountering everything from golden-headed tamarins to monkey-eating eagles.  He's also written on subjects ranging from Gerald Durrell and Nick Leeson, to Indira Gandhi, Sir John Betjeman, and even Jane Austen vs George Eliot—all while running his own investment firm for over two decades. In this wide-ranging conversation, we explore endangered wildlife, financial scandals, 19th-century literature, and a closing note from Sir David Attenborough. Informative, surprising, and inspiring—listen now. Related links: The Whitley Fund for Nature Gerald Durrell's Army The Graduates Rogue Trader Jane Austen and George Eliot The Lady and The Radical

The Wing Life Podcast
Surf Foil World Tour (SFT) Show #2: Recap of Atlanta Foil Fest 2025

The Wing Life Podcast

Play Episode Listen Later Jun 25, 2025 39:31


Improve your foiling skills in paradise! Join us in Montanita Ecuador May 23-30, 2026 for a foil drive / tow / prone foil camp with Ecuador Foil, KT Foiling & Julia Castro. Learn MoreIn this episode we catch up with Tom Hartmann about the Atlanta Foil Fest at Lake Lanier's Olympic Park. Tom dives into the three-day event, featuring E-Foil, Pump Foil, Wake Foil, and Airchair foiling competitions, alongside demos and clinics. From Justin Chait dominant performance to Nick Leason's E-Foil legacy and the innovative Betafoil Enduro, the event united foilers from the US, Europe, and beyond. Tom also teases upcoming Surf World Tour events at Lake Garda and Abu Dhabi, promising bigger competitions and live streams.Episode Highlights:Atlanta Foil Fest's debut as a foiling mecca with a custom-built start dockHigh-level E-Foil and Pump Foil races, plus the return of AirchairMeeting foiling pioneer Nick Leeson and testing Betafoil's massive wingsLake Garda's Foiling Week and Abu Dhabi's massive prize purse on the horizonGrowing the global foiling community through passion and connectionFollow Tom & SFT: @surffoilworldtour on Instagram, Facebook, YouTubeWebsite: surffoilworldtour.com

The Wing Life Podcast
Surf Foil World Tour (SFT) Show #2: Recap of Atlanta Foil Fest 2025

The Wing Life Podcast

Play Episode Listen Later Jun 25, 2025 38:46


In this episode we catch up with Tom Hartmann about the Atlanta Foil Fest at Lake Lanier's Olympic Park. Tom dives into the three-day event, featuring E-Foil, Pump Foil, Wake Foil, and Airchair foiling competitions, alongside demos and clinics. From Justin Chait dominant performance to Nick Leason's E-Foil legacy and the innovative Betafoil Enduro, the event united foilers from the US, Europe, and beyond. Tom also teases upcoming Surf World Tour events at Lake Garda and Abu Dhabi, promising bigger competitions and live streams.Episode Highlights:Atlanta Foil Fest's debut as a foiling mecca with a custom-built start dockHigh-level E-Foil and Pump Foil races, plus the return of AirchairMeeting foiling pioneer Nick Leeson and testing Betafoil's massive wingsLake Garda's Foiling Week and Abu Dhabi's massive prize purse on the horizonGrowing the global foiling community through passion and connectionFollow Tom & SFT: @surffoilworldtour on Instagram, Facebook, YouTubeWebsite: surffoilworldtour.com

Galway Bay Fm - Galway Talks - with Keith Finnegan
Community Matters: Rahoon 9am-10am Friday May 9th

Galway Bay Fm - Galway Talks - with Keith Finnegan

Play Episode Listen Later May 9, 2025 40:03


On today's show: 9am-10am  Locals tell us their favourite memories of the area  Seamus Griffin tells us all about Rahoon in times gone by  We'll chat with Nick Leeson about how he ended up in Rahoon  

AUDIT 15 FUN
Ep. 205 - The Rogue Trader - Nick Leeson

AUDIT 15 FUN

Play Episode Listen Later Apr 17, 2025 14:59


Nick Leeson, the man behind the $800M collapse of Barings Bank, joins Audit 15 Fun.We skip the headline story and dig into what internal auditors should've asked and seen, as well as what he wishes someone had asked.Simple things.Big consequences.

simple fun audit 800m rogue traders nick leeson barings bank
The History Podcast
Invisible Hands: 4. The Big Bang

The History Podcast

Play Episode Listen Later Apr 16, 2025 29:19


Thatcher and her capitalist dreamers' next big gamble was a radical shake-up of London's financial sector. They called it Big Bang. Seemingly overnight, the stuffy old City of London was replaced by a fast-paced world of risk-takers, rule-breakers, and yuppies brandishing mobile phones the size of their head. It was a golden age of capitalism, where fortunes were made at lightning speed and the stakes were just as high. Nick Leeson was a working-class kid from Watford who arrived at just the right time. By 1995 he was a superstar trader. He was a poster boy for Thatcher's Britain. Poor kid gets rich. But then something happened that turned him from a hero to a criminal on the run. Did the very thing that spurred on his success precipitate his downfall? And what did that mean for the Thatcherite revolution. This is a story of the boom and bust of the 80s.David Dimbleby traces the history of an idea that spans his life. It started on a chicken farm in Sussex, gained traction in the shadows of post-war London and rose to heights of excess in the new champagne bars of the City. It's 2025 and this once radical idea now defines every aspect of life in Britain. An idea that transformed the economy, politics and, ultimately, society itself.But how did it happen? Who are the little-known people behind it? What did they want? And - as Donald Trump threatens to overturn the global economic system - is the free market here to stay? Or are we entering a new era?Presenter: David Dimbleby Producer: Jo Barratt Executive Producers and Story Editors: Joe Sykes and Dasha Lisitsina Sound design: Peregrine Andrews Commissioning Editor: Dan ClarkeA Samizdat Audio production for BBC Radio 4

History Daily
The Barings Bank Collapse

History Daily

Play Episode Listen Later Feb 26, 2025 15:01


February 26, 1995. One of Britain's oldest and most prestigious banks collapses after suffering billion dollar losses on secret investments made by its employee Nick Leeson. This episode originally aired in 2024.Support the show! Join Into History for ad-free listening and more.History Daily is a co-production of Airship and Noiser.Go to HistoryDaily.com for more history, daily.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

MorningBull
Nick Leeson, l'homme qui fait sauter la banque | Morningbull | Swissquote

MorningBull

Play Episode Listen Later Feb 26, 2025 5:58


Bloomberg Talks
'Original Rogue Trader' Nick Leeson Talks Barings, Trump Deregulation

Bloomberg Talks

Play Episode Listen Later Feb 21, 2025 26:34 Transcription Available


Three decades on from the collapse of Barings Bank the prospect of sweeping deregulation in the financial system risks paving the way for a repeat. That at least is the opinion of Nick Leeson, the former rogue derivatives trader who brought down one of the UK’s most venerated financial institutions. He sat down with Bloomberg Radio Anchor Caroline Hepker and Finance Reporter Will Shaw for an exclusive conversation about how banking has changed in thirty years, how he rebuilt his life after time in jail, and where he imagines the next 'rogue trader' might come from.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak: Europe Edition
US-Russian Sanctions & Rogue Trader Nick Leeson Interview

Bloomberg Daybreak: Europe Edition

Play Episode Listen Later Feb 21, 2025 23:29 Transcription Available


Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The US signaled that sanctions relief for Russia could be on the table in talks over the war in Ukraine as President Donald Trump rushes toward a deal to end the three-year conflict.(2) Treasury Secretary Scott Bessent said that any move to boost the share of longer-term Treasuries in government debt issuance is some ways off, given current hurdles that include elevated inflation and the Federal Reserve’s quantitative tightening program. (3) Israel said a body returned as part of a ceasefire agre ement with Hamas was not that of a young mother taken hostage in October 2023, as the militant group had claimed. (4) Federal Reserve Bank of St. Louis President Alberto Musalem said policy should remain “modestly restrictive” until it’s clear inflation is on track to the central bank’s 2% target, and that he sees increased risks that progress may stall or even reverse.(5) Citigroup is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration.(6) As a growing chorus of bankers and politicians around the world demand the roll-back of crisis-era regulations, Nick Leeson — the former rogue derivatives trader who brought down one of the UK’s most venerated financial institutions — is starting to get worried.Watch the full Nick Leeson interview: https://www.youtube.com/watch?v=jvqVzH__p0ASee omnystudio.com/listener for privacy information.

Shaun Attwood's True Crime Podcast
I Broke Queen Elizabeth & George Soros's Bank: Rogue Trader Nick Leeson | Podcast 699

Shaun Attwood's True Crime Podcast

Play Episode Listen Later Feb 17, 2025 124:13


SHOPIFY: Sign up for a £1-per-month trial period at https://www.shopify.co.uk/shaun Nick on YouTube Rogue Trader Podcast: https://www.youtube.com/@RogueTraderP... Nick's book: https://www.amazon.co.uk/Rogue-Trader... Rogue Trader the movie stars Ewan McGregor as Nick Leeson, a young British man working at Barings, a major investment bank. Sent to Singapore and placed in a position of authority at the bank's branch there, Leeson takes advantage of the thriving Asian market to make risky trades. Before long, he's in over his head and tries to hide the losses. Fleeing the country with his beautiful wife, Lisa (Anna Friel), Leeson eventually has to face the consequences of his actions in brutal prison conditions. Shaun Attwood's social media & book links: https://linktr.ee/shaunattwood Sitdowns with Gangsters book: https://geni.us/SitdownswithGangsters Join this channel to get access to perks: https://www.youtube.com/channel/UC0pd... Please subscribe to our FAMILY channel: https://www.youtube.com/@AttwoodFamily Watch our true crime podcasts: https://www.youtube.com/playlist?list... Watch our interview with Robbie Williams: https://www.youtube.com/watch?v=QPDzj... Watch our Royal Family videos here: https://www.youtube.com/playlist?list... Our donation links: Patreon: https://www.patreon.com/shaunattwood PayPal: https://www.paypal.me/SAttwood Shaun's books: https://shaunattwood.com/shaun/books/ #royal #bank #news #singapore #london #podcast #truecrime #prison

Talk2TheHand 90s
Rogue Trader: The Story Of Nick Leeson and Barings Bank

Talk2TheHand 90s

Play Episode Listen Later Feb 4, 2025 20:38


In this episode, we unravel the gripping story of Nick Leeson, the infamous rogue trader whose unchecked ambition and high-risk strategies led to the catastrophic collapse of Barings Bank, one of Britain's oldest and most prestigious financial institutions. From his rapid rise through the ranks to the devastating fallout of his actions, Leeson's tale is a cautionary story of hubris, deception, and the failure of financial oversight. We begin by exploring Leeson's early career, his move to Singapore, and his rapid ascension at Barings Bank. A seemingly brilliant trader, he was trusted to run operations and manage trades for the bank. However, behind the scenes, Leeson was secretly amassing losses in a hidden account, taking increasingly reckless gambles in a desperate bid to recover. The episode delves into the events that led to the unraveling of Leeson's deception, focusing on the collapse of the Japanese stock market in 1995. This catastrophic event exposed the massive $1.4 billion hole in Barings' finances, caused by Leeson's unauthorized trades. We examine how his actions—and the bank's lack of oversight—created a perfect storm that ultimately led to Barings' downfall. We also explore the aftermath of the scandal, including Leeson's dramatic escape from Singapore, his subsequent arrest, and the six-and-a-half years he spent in prison. We reflect on the personal toll of his actions, both on Leeson and those around him, and the broader implications for the financial world. His story forced banks and regulators to rethink risk management, internal controls, and accountability within the trading world. Join us as we dive into this dramatic tale of ambition and excess, examining how one man's actions brought down a centuries-old institution. This episode isn't just about Leeson's infamous trades—it's a deep look at the human and systemic failures that allowed his actions to go unchecked, and the lessons the financial world continues to learn from his legacy.   Talk2TheHand is an independent throwback podcast run by husband and wife, Jimmy and Beth. Obsessed with 90s nostalgia and 90s celebrities, we'll rewind the years and take you back to the greatest era of our lives.   New episodes bursting with nostalgia of the 90s released on Tuesdays. Please subscribe to our podcast and we'll keep you gooey in 1990s love. Find us on Twitter @talk2thehandpod or email us at jimmy@talk2thehand.co.uk or beth@talk2thehand.co.uk

The Corruption Files
How One Person Brought Down Barings Bank

The Corruption Files

Play Episode Listen Later Oct 31, 2024 24:35


What is stranger than fiction? The stories of worldwide corruption. In this podcast series, co-hosts Tom Fox, the Voice of Compliance and Mike DeBernardis, partner at Hughes Hubbard, discuss some of the most audacious corruption cases in anti-corruption enforcement. More importantly, they will discuss the lessons learned on what your organization can do to prevent running afoul of international anti-bribery laws. In this episode of Season 2, Tom and Mike explore the Barings Bank scandal The focus is on the actions of Nick Leeson, a trader who single-handedly bankrupted the historic institution. The discussion highlights the critical mistakes made by the bank, including a lack of oversight and the dangerous combination of trading and settlement roles. The podast also explores the broader implications for compliance and risk management in financial institutions, emphasizing the importance of segregation of duties and the pressures that can lead to unethical behavior. Key Highlights: The Rise and Fall of Barings Bank The Role of Oversight in Financial Institutions Lessons Learned from the Barings Bank Scandal How does the Fraud Triangle apply? Segregation of Duties-as basic a control as you can have in place Memorable Quotes (all from Mike DeBernardis) “Nick single-handedly bankrupted the oldest merchant bank.” “He was a golden boy trader making tons of money.” “Barings Bank was sold for one pound.” Resources: Mike DeBernardis on LinkedIn Hughes Hubbard & Reed Tom Fox Instagram Facebook YouTube Twitter LinkedIn Texas Tax rate at 80% of 8.25%

Regulatory Ramblings
AI vs. Financial Scams: Why Banks Aren't Doing Enough in the Fight Against Sextortion and Fraud

Regulatory Ramblings

Play Episode Listen Later Aug 28, 2024 99:43


Ep #52 with Oonagh van den Berg (RAW Compliance)Oonagh van den Berg, a seasoned international compliance professional, is the founder of RAW Compliance, a consultancy and training firm. With a legal background and two decades of experience in London, Hong Kong, and Singapore, Oonagh has become a respected figure in the compliance industry. Her upbringing in Northern Ireland during the violent era of "The Troubles" in the 1980s shaped her resilience and determination, leading her to a career as a lawyer, compliance officer, recruiter, consultant, and educator. In this episode of Regulatory Ramblings, Oonagh discusses with Ajay Shamdasani the critical role of artificial intelligence (AI) in combating financial scams, deepfakes, and sextortion. These issues have become increasingly prevalent, especially in the dark corners of Web3. Oonagh's perspective is deeply personal, as her 13-year-old daughter and friends recently fell victim to blackmail after sharing innocent photos on Snapchat. This experience has driven her to raise awareness and produce educational videos through RAW Compliance, targeting pre-teens, teenagers, and young adults to prevent similar incidents. A Europol poll highlights the growing use of AI by cybercriminals to commit complex and dangerous crimes. Malicious large language models (LLMs) are being utilized to craft scripts, phishing emails, and fraud advertisements, as well as to groom victims across language barriers. The rise of AI-altered and fully artificial child sexual abuse materials, which are increasingly realistic, has led to devastating consequences, including blackmail and suicides. Oonagh also touches on her firm's groundbreaking collaboration with Nick Leeson, the infamous former Barrings trader, to support victims of financial scams and assist in asset recovery. Together, they aim to provide the necessary help and guidance for victims to reclaim their financial futures.  She also criticizes banks for their insufficient efforts in helping scam victims, citing outdated technology and inadequate fraud detection systems. The scale of financial crime is alarming, with over 3.5 million people in the UK affected annually, leading to losses exceeding £1.2 billion. The problem is similarly severe across Europe and the US, with losses reaching billions of euros and dollars, respectively. The conversation explores how financial institutions can navigate evolving regulations, monitor for child sexual abuse materials (CSAM), and investigate human trafficking within both traditional and decentralized financial systems. Oonagh emphasizes the challenges of global technology use in combating these crimes and provides estimates on the total value of suspected CSAM transactions using fiat versus cryptocurrency. Oonagh concludes by highlighting the financial sector's failure to take responsibility for anti-money laundering, human trafficking, and financial scams. She stresses the importance of understanding suspicious red flags and typologies that can aid in investigations, a crucial takeaway for both traditional financial crime compliance professionals and blockchain investigators. HKU FinTech is the leading fintech research and education in Asia. Learn more at www.hkufintech.com.

Money and Investing with Andrew Baxter
Lessons from the Big Screen: Finance Movies and Real-Life Takeaways

Money and Investing with Andrew Baxter

Play Episode Listen Later Jun 23, 2024 25:41 Transcription Available


Welcome to this week's episode of the Money and Investing Show, hosted by Andrew Baxter and co-host Mitch Olarenshaw. This week, we take a lighthearted yet insightful dive into the world of finance as portrayed in Hollywood movies. We kick off with an in-depth discussion about the infamous Jordan Belfort from "The Wolf of Wall Street," played by Leonardo DiCaprio. Learn about Belfort's rise and fall, the illegal tactics used, and the real-life lessons investors can take away. Next, we turn our attention to the movie Margin Call, featuring Jeremy Irons. Set against the backdrop of the GFC, this film offers a stark look at the high-stakes decisions made in the financial sector and the importance of being first in the market. We also explore "The Big Short," with Christian Bale portraying Michael Burry, who predicted the housing market collapse. Understand the courage to go against the grain and the importance of thorough research. Finally, we delve into the story of Nick Leeson, the rogue trader whose actions led to the collapse of Barings Bank. Learn about the catastrophic consequences of poor risk management and lack of oversight. Join us for an episode filled with valuable lessons from some of the most iconic finance movies. Take notes and, most importantly, take action to apply these lessons to your own investing strategies. Subscribe to our Channel: https://www.youtube.com/channel/UCfmaldKMEUc5qXeIQ7zEBeA?sub_confirmation=1   FREE Online Training with Andrew Baxter: https://bit.ly/cod-online   Subscribe to Money and Investing Podcast: http://www.moneyandinvesting.com.au/   The Wealth Playbook: Your Ultimate Guide to Financial Security: https://www.wealthplaybook.com.au/  The Wealth Playbook on Audible: https://www.audible.com.au/pd/The-Wealth-Playbook-Audiobook/B0CXYYWZTB?qid=1711282387      

British Scandal
Encore: Breaking Barings | On the Run | 3

British Scandal

Play Episode Listen Later May 28, 2024 39:46


Barings Bank is on the brink of collapse. And it doesn't take long for those at the top to work out who has left them penniless. Once, Nick Leeson was the historic bank's most successful trader. Now, he's a man on the run.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

British Scandal
Encore: Breaking Barings | In the Pit | 2

British Scandal

Play Episode Listen Later May 21, 2024 42:55


Nick Leeson's losses are getting out of hand. And he's under more pressure than ever to make money - not lose it. Then, disaster strikes. The bank announces an audit of all its accounts. Nick is going to have to take one hell of a risk to get himself back on track.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

British Scandal
Encore: Breaking Barings | Under the Water | 1

British Scandal

Play Episode Listen Later May 14, 2024 43:53


British Scandal is celebrating its third birthday! To mark the occasion we are revisiting one of our favourite ever seasons. The story of a young man who bankrupted Britain's oldest bank.It's the early 90s and Nick Leeson is rising through the ranks at Barings. He's not the only employee pulling some risky financial moves. But when Leeson gets himself into a hole, he doesn't know when to stop digging. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

History Daily
The Barings Bank Collapse

History Daily

Play Episode Listen Later Feb 26, 2024 14:58


February 26, 1995. One of Britain's oldest and most prestigious banks collapses after suffering billion dollar losses on secret investments made by its employee Nick Leeson.Support the show! Join Into History for ad-free listening and more.History Daily is a co-production of Airship and Noiser.Go to HistoryDaily.com for more history, daily.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hybrid Ministry
Episode 082:

Hybrid Ministry

Play Episode Listen Later Feb 1, 2024 9:29


⚡ 9 FREE DYM GAMES ⚡ https://hybrid-ministry-40060036.hubspotpagebuilder.com/9-best-dym-products 2024 Youth Ministry [on-demand] Masterclass https://www.youtube.com/playlist?list=PLngXlSr64YaLIJceFHg7w8vxlx5ARqXeg [FREE] 2024 Social Media Strategy https://hybrid-ministry-40060036.hubspotpagebuilder.com/free-hybrid-ministry-e-book ====================================== DESCRIPTION

Salmon Podcast
Nick Leeson เทรดเดอร์ผู้ทำลายธนาคารเก่าแก่ในอังกฤษจนพังพินาศ | Money Armageddon EP21

Salmon Podcast

Play Episode Listen Later Oct 30, 2023 61:45


เชื่อหรือไม่? ประวัติศาสตร์ 223 ปีของธนาคารเก่าแก่ที่สุดแห่งหนึ่งในสหราชอาณาจักร สามารถพังทลายลงเพียงเพราะความไว้วางใจในตัวชายคนหนึ่ง ที่ธนาคารมอบอำนาจให้เขาซื้อขายอนุพันธ์ได้อย่างอิสระ  Nick Leeson เป็นนักเก็งกำไรสายซิ่งที่ต้องการสร้างรายได้ให้กับธนาคาร (และตัวเอง) แบบมหาศาล ด้วยความบ้าบิ่นลงเดิมพันสู้กับความเสี่ยง แต่เรื่องกลับตาลปัตร เพราะยิ่งเทรดยิ่งขาดทุน มิหนำซ้ำยังปิดบังความผิดแบบไม่ให้ใครรู้ เพราะหวังจะเอาผลขาดทุนกลับคืนมาให้ได้ แต่โชคกลับไม่เข้าข้างเขา เพราะธรรมชาติยิ่งใหญ่กว่ามนุษย์เสมอ นิสัยการเทรดแบบบ้าบิ่น และความมั่นใจแบบเปี่ยมล้น เลยนำพา “ความวินาศครั้งใหญ่” ที่ธนาคารเก่าแก่ไม่อาจหลีกเลี่ยงได้ จนชื่อของเขากลายเป็นที่พูดถึงบนหน้าประวัติศาสตร์ของการล้มละลายครั้งนี้ #SalmonPodcast #MoneyArmageddon #วันเงินตราวินาศ #DPA #สถาบันคุ้มครองเงินฝาก #พร้อมคุ้มครองเคียงข้างคุณ #NickLeeson #RogueTrader Learn more about your ad choices. Visit megaphone.fm/adchoices

money armageddon nick leeson
History's Greatest Idiots
Season 3 Episode 14: The French Conman (Christopher Rocancourt) & The Notorious British Trader (Nick Leeson)

History's Greatest Idiots

Play Episode Listen Later Jul 23, 2023 96:54


In the fourteenth episode of Season three of History's Greatest Idiots, Lev and Derek look at the life and ongoing crimes of France's most suave conman (Christopher Rocancourt), and rediscover the moment in history where one rogue trader brought down a 200 year old bank in one day (Nick Leeson) Join our Patreon for Exclusive Content and Gifts! ⁠https://www.patreon.com/HistorysGreatestIdiotshttps://www.instagram.com/historysgreatestidiots⁠ Follow us on Social Media ⁠https://www.twitter.com/greatestidiots⁠ ⁠https://www.instagram.com/historysgreatestidiots⁠ Hosts: Lev & Derek ⁠https://linktr.ee/Lev_Myskin⁠ ⁠https://linktr.ee/ThatEffnGuy⁠ Artist: Sarah Chey ⁠https://www.fiverr.com/sarahchey⁠ Animation: Daniel Wilson ⁠https://www.instagram.com/wilson_the_wilson⁠ Music: Andrew Wilson ⁠https://www.instagram.com/andrews_electric_sheep --- Support this podcast: https://podcasters.spotify.com/pod/show/historysgreatestidiots/support

History's Greatest Idiots
Season 3 Episode 14: The French Conman (Christopher Rocancourt) & The Notorious British Trader (Nick Leeson)

History's Greatest Idiots

Play Episode Listen Later Jul 23, 2023 96:54


In the fourteenth episode of Season three of History's Greatest Idiots, Lev and Derek look at the life and ongoing crimes of France's most suave conman (Christopher Rocancourt), and rediscover the moment in history where one rogue trader brought down a 200 year old bank in one day (Nick Leeson) Join our Patreon for Exclusive Content and Gifts! ⁠https://www.patreon.com/HistorysGreatestIdiotshttps://www.instagram.com/historysgreatestidiots⁠ Follow us on Social Media ⁠https://www.twitter.com/greatestidiots⁠ ⁠https://www.instagram.com/historysgreatestidiots⁠ Hosts: Lev & Derek ⁠https://linktr.ee/Lev_Myskin⁠ ⁠https://linktr.ee/ThatEffnGuy⁠ Artist: Sarah Chey ⁠https://www.fiverr.com/sarahchey⁠ Animation: Daniel Wilson ⁠https://www.instagram.com/wilson_the_wilson⁠ Music: Andrew Wilson ⁠https://www.instagram.com/andrews_electric_sheep --- Support this podcast: https://podcasters.spotify.com/pod/show/historysgreatestidiots/support

The ii Family Money Show
Nick Leeson: The rogue trader who bankrupted Barings on taking risks and asking for help

The ii Family Money Show

Play Episode Listen Later May 16, 2023 35:05


The man who brought down Barings Bank in the mid-1990s is Gabby's guest this week. Nick Leeson racked up and concealed losses of more than £800 million in illegal trades, and looks back on the cultural shift in the financial industry, why he's not great at saving money, and why he encourages his children to ask for help if they need it.Subscribe to the show for free to and listen to other episodes from series one and two, featuring Alastair Campbell, Rachel Riley and Richard Curtis. The ii Family Money Show is brought to you by interactive investor (ii). This episode was recorded in March 2023. Follow interactive investor:Twitter @ii_coukFacebook /weareiiInstagram @interactive_investor Follow Gabby:Twitter @GabbyLoganInstagram @gabbylogan Important information:This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.

Educational AD Podcast
Episode #408 - Nick Leeson, CAA and AD at The American International School Abuja in Nigeria

Educational AD Podcast

Play Episode Listen Later Apr 14, 2023 62:39


Think you have some challenges as an AD ? Today we visit with Nick Leeson, CAA - former College and Pro Long Snapper - who is the AD at The American International School in Abuja, Nigeria. Nick talks about Scheduling, Traveling, Tournaments, and Invasions on this episode of The Educational AD Podcast! --- Send in a voice message: https://podcasters.spotify.com/pod/show/educational-ad-podcast/message Support this podcast: https://podcasters.spotify.com/pod/show/educational-ad-podcast/support

Investmentbabo
Bankenkrise und kein Ende [FOLGE 72] – Investmentbabo-Finanzpodcast

Investmentbabo

Play Episode Listen Later Mar 24, 2023 57:54


Da momentan Banken DAS dominierende Thema an den Märkten sind, haben sich die Babos heute mal mit dem Thema Banken und deren Krisen beschäftigt. Wie viele Bankenkrisen gab es und wann war die Erste? Wir glauben, die Antwort wird euch überraschen. Die Babos versuchen ein wenig Licht ins Dunkel zu bekommen und sprechen heute über Liquidität, Solvabilität, Regulierung und Gier. Einige Topstars der Bankenbranche werden auch in Erinnerung gerufen - Jerome Kerviel, Nick Leeson, Kweku Adoboli usw. usw. - wenn ihr die Namen nicht kennt, aber auch sonst, müsst ihr die Folge unbedingt hören! Viel Spaß und vor allem vielen Dank fürs lauschen

The Year Is
The Year is 1967 - Unveiling the Last Man Hanged in Australia + R.Kelly & Kurt Cobain's Birth!

The Year Is

Play Episode Listen Later Mar 8, 2023 59:36


Red Richardson, the man, the legend is back, and takes us back to 1967, with the birth of Rogue trader Nick Leeson whose training collapsed Britains oldest merchant bank, 10,000 people join together In New York's Central Park on New Year's Eve for a "Be-In" to protest against racism and the Vietnam War, Ronald Ryan becomes the last man hanged in Australia, for murdering a guard while escaping from prison in December 1965 and also the birth of 2 music legends in their own right, Kurt Cobain and R.Kelly. Sign up now to our Patreon for early access, bonus weekly episodes not available anywhere else, posters, cameo messages, free tickets to online shows and discounts to live shows and much more - https://www.patreon.com/theyearispodWhat obscure or significant events from the pod have we missed from 1967? Let us know your favourite historical facts from that year, or if have any suggestions for other years for us to do an episode on send us an email to theyearispodcast@gmail.com Get bonus content on Patreon Hosted on Acast. See acast.com/privacy for more information.

Kickoff Sessions
#127 Nick Leeson – Former Rogue Trader on Conquering The Markets

Kickoff Sessions

Play Episode Listen Later Jan 11, 2023 59:27


Nick Leeson is CEO of Bull & Bear Capital and former derivatives trader notorious for the collapse of Barings Bank, the United Kingdom's oldest merchant bank. Nick was the “Rogue Trader” who made fraudulent, unauthorized and speculative trades, and his actions led directly to the 1995 collapse of the bank, for which he was sentenced to prison in Singapore.⏺️ Voics: https://www.voics.co/

Historias de la economía
El broker que quebró el banco de la reina de Inglaterra

Historias de la economía

Play Episode Listen Later Jan 9, 2023 9:54


A los más jóvenes es probable que el nombre de Nick Leeson ni siquiera les suene. Pero fue el protagonista del primer gran escándalo financiero de la era moderna, allá por los 90. Un fraude que se llevó por delante la entidad para la que trabajaba, Barings Bank, la más antigua de Reino Unido, y entre cuyos clientes estaba la antigua reina de Inglaterra, Isabel II.Todo ocurrió en 1995, y todo fue, básicamente, un fraude. Leeson, nacido en Watford, Reino Unido, empezó a trabajar como empleado de banca privada en Coutts, cuando no tenía ni 20 años. En 1987 se incorporó a Morgan Stanley, donde estuvo dos años más, hasta que en 1989 llegó a Baring Brothers.Y empieza la debacle. En 1992, cuando ya acumulaba algunos años de experiencia en la bolsa a pesar de su juventud, Barings le nombra gerente general de una nueva operativa de mercados de futuros en Singapur. Lo que ni él ni el banco revelaron entonces es que en Reino Unido le habían denegado la licencia de corredor de bolsa, por un fraude en su solicitud. En un principio, Leeson se dedicó a invertir en el mercado de futuros del Nikkei japonés, y con buenos resultados. Pero, al mismo tiempo, y casi desde el principio, también realizó operaciones especulativas no autorizadas, que también le estaban dando grandes beneficios a Barings. Los 10 millones de libras que obtuvo equivalían al 10% de las ganancias anuales del banco. Gracias a ese éxito logró un bonus de 130.000 libras, que superaba por mucho a los 50.000 libras anuales que tenía de sueldo.Cuenta la leyenda, difundida por el propio Leeson, que todo empezó a complicarse por un acto de solidaridad. Tenía a una joven ayudante, Kim Wong, de origen chino. Él quería contratar a alguien de más experiencia, pero su jefe prefería a alguien que cobrase poco, como pasaba con Wong, cuyo salario era solo de 4.000 libras anuales.En una tarde especialmente complicada, con el aire acondicionado estropeado y mucho estrés, Wong cometió un error: vendió 20 contratos en lugar de comprarlos, como el cliente había pedido. Un error de 20.000 libras. Para proteger a su compañera, Leeson creó una cuenta falsa, a la que llamó 88888. Su objetivo, consciente de que no era un fallo tan grande, era ocultarlo en esa cuenta hasta poder subsanarlo. Lejos de solventar ese error, Leeson empezó a usar esa cuenta para ocultar otras operaciones deficitarias que estaba llevando a cabo él mismo. Para el final de 1992, las pérdida de esa cuenta superaban los 2 millones de libras. Pero no pasaba nada, ya había resuelto situaciones más complicadas otras veces. Como cuando, estando largo en el Nikkei, el mercado se hundió en picado. Trató de comprar más para compensarlo, pero llegó un momento en el que se quedó sin dinero para cubrir las garantías de su posición, como recuerdan desde Finect. Para lograr capital, y aprovechando el apetito de mercado por invertir a la baja en el Nikkei, decidió vender opciones de venta, y utilizar esas primas para pagar las garantías de sus futuros del Nikkei. El mercado comenzó a subir, y logró recuperar todas las pérdidas acumuladas.Leeson creía que había encontrado una fórmula infalible, así que empieza a repetir la operación, ya para incrementar sus beneficios y no para cubrir pérdidas. Sus posiciones llegaron a representar el 40% de este mercado. Y le iba bien.Todo colapsa en enero de 1995. Leeson realizó una pequeña inversión en la bolsa de Tokio, apostando a que el mercado se mantendría estable. Pero al día siguiente, un importante terremoto en Kobe hundió los mercados asiáticos. Las posiciones comerciales del inversor se fueron al traste. En una huída hacia adelante desesperada, Leeson empieza a hacer operaciones cada vez más arriesgadas, para tratar de recuperar las pérdidas. Pero no acierta.Desesperado, el 23 de febrero dejó una nota en la oficina que decía 'Lo siento', y huyó. Las pérdidas equivalían a 1.400 millones de dólares, dos veces el capital disponible del banco. Tras un intento de rescate, que fracasó, se declaró en quiebra, y fue adquirido por ING por 1 libra, a cambio de asumir su pasivo.Era el fin del banco comercial más antiguo de Reino Unido. La entidad había sido fundada en 1763, y participó en grandes operaciones, financiando la construcción del canal de Panamá o la compra de Luisiana a Francia por parte de Estados Unidos. Gestionó la salida a bolsa de Guinness, la marca de cerveza, en Londres, que necesitó la intervención de la policía montada para que los inversores invadieran la sede de Barings con sus solicitudes de compra. También fue conocido por ser el banco de la reina Isabel II, que tenía un depósito por valor de 40 millones de libras. Pero las maniobras fraudulentas pesaron más que su historia.Leeson, sin embargo, se defiende acusando al banco de haberle supervisado. La gerencia le permitió durante toda su estancia en Singapur ocupar los cargos de jefe comercial y el responsable de liquidar sus operaciones, trabajos que habitualmente realizan dos personas diferentes. Una situación que, no cabe duda, le facilitó ocultar sus pérdidas ante sus superiores. El informe de las autoridades de Singapur coincide, en parte, con la apreciación de Leeson, y interpela a la administración de Barings por no haber sabido nada de la cuenta de 'los cinco ochos'. Leeson también acusó a sus superiores de no saber nada del funcionamiento del mercado de futuros, pero como en su posición no podían reconocer que sabían menos que él, pues le siguieron mandando dinero, casi a ciegas. Finalmente, Leeson se declaró culpable de dos cargos: engañar a los auditores del banco, y engañar a la bolsa de Singapur, incluyendo la falsificación de documentos. Fue condenado a 6 años de cárcel, aunque en 1999 fue liberado, tras serle diagnosticado un cáncer de colón que parecía definitivo, pero del que milagrosamente sobrevivió.No volvió a los mercados, y desde entonces se ha dedicado a escribir libros de todo pelaje, a dar conferencias sobre marketing, e incluso fue el director de un equipo de fútbol irlandés. Con una mezcla de ironía y seriedad, también ha tendido a ponerse de ejemplo de los peligros que el sistema financiero debe evitar, y señala que hay muchos bancos que siguen siendo vulnerables a casos como el suyo. Si sus trucos hubieran salido bien, se hubiera convertido en uno de los grandes inversores de la historia, pero al salirle mal, quebró el banco más antiguo de Reino Unido.

Lead-Lag Live
SBF, FTX, & Another Crash With Nick Leeson

Lead-Lag Live

Play Episode Listen Later Dec 31, 2022 52:23


Crypto winter is more dangerous than you think.Check The Lead-Lag Report on your favorite social networks.Twitter: https://twitter.com/leadlagreportYouTube: https://www.youtube.com/c/theleadlagreportFacebook: https://www.facebook.com/leadlagreportInstagram: https://instagram.com/leadlagreport                             Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code PODCAST30 for 2 weeks free and 30% off.                              Nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities.                              The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions.See disclosures for The Lead-Lag Report here: The Lead-Lag Report (leadlagreport.com)Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:

The News Agents
The cryptocurrency con

The News Agents

Play Episode Listen Later Dec 2, 2022 29:51


You're 30 years old, worth billions as a result of a crypto exchange you've set up - and in the space of one Sunday afternoon it all turns to dust. What must that feel like? On this episode of The News Agents we speak to someone who's been there, done that and has got the badge (the prison sentence). Nick Leeson single-handedly brought down one of Britain's most famous financial institutions in 1995 - Barings Bank - and spent four years in a Singapore jail as a result. He speaks to us about the tight spot Sam Bankman Fried now finds himself in, and how similar it was to his own.Planning: Melissa TutesigensiSocial Media: Georgia FoxwellVideo: Will Gibson-SmithProduction: Gabriel Radus Deputy Editor: Tom HughesExecutive Producer: Dino SofosFor exclusive daily videos from The News Agents visit Global Player: https://www.globalplayer.com/videos/brands/news-agents/the-news-agents/The News Agents is a Global Player Original and a Persephonica Production.

The Human Risk Podcast
Rory Sutherland & Paul Craven on Alchemy & Magic

The Human Risk Podcast

Play Episode Listen Later Aug 19, 2022 52:31


What do Alchemy and Magic have to do with human decision-making?On this episode, I'm joined by two Behavioural Science gurus who have both been on the show before: Rory Sutherland and Paul Craven. Rory is the author of Alchemy: The Surprising Power of Ideas That Don't Make Sense. Paul Craven is a magician and member of the prestigious Magic Circle. So that's both bases covered! Rory is the Vice Chairman of Ogilvy, and Paul began his career in Finance with over 30 years working for Schroders, PIMCO and Goldman Sachs. Both are Behavioural Science thought leaders.Since the show is approaching its 200th episode — this is the 199th — I thought I ought to celebrate it. So I did what we always do when we celebrate special occasions and decided to replicate the winning formula I used last time. On that occasion, I was joined by Rory Sutherland and Gerald Ashley. Since then, I've also recorded a doubleheader with Gerald and his and Rory's good friend Paul Craven. Like Rory and Gerald, Paul has also done a solo appearance on the show. So for two episodes, I'm joined by Rory Sutherland and Paul Craven. 
In our discussion — and I'm just talking about this episode here — we talk about framing, ethics, Sludge, electric cars, the best joke at this year's Edinburgh festival — warning, it's an adult joke — the Pratfall Effect, or why making mistakes can make us seem more human, ho one man saved the world from a nuclear war, the Beatles, how we look at data and so much more. Links to all of those are below.Paul Craven - https://www.paulcraven.com/Rory Sutherland - https://www.linkedin.com/in/rorysutherland/?Rory's book Alchemy - https://www.penguin.co.uk/books/430379/alchemy-by-rory-sutherland/9780753556528Economist Nicholas Gruen - https://en.wikipedia.org/wiki/Nicholas_Gruen French magician Jean-Eugène Robert-Houdin - https://en.wikipedia.org/wiki/Jean-Eug%C3%A8ne_Robert-HoudinFormer guest Gerald Ashley referring to Paul as a conman - https://twitter.com/HumanRiskLtd/status/1395316840105234432?s=20&t=7v2vbVi0FoiyzozKY9sougMarks & Spencer's ‘Dine In For Two' Deal - https://www.marksandspencer.com/c/food-to-order/dine-inEdward De Bono - https://www.debono.com/Germany's 'two click to unsubscribe' law - https://www.thelocal.de/20220303/how-germany-is-making-is-easier-for-consumers-to-cancel-contracts/Sludge - https://www.forbes.com/sites/rogerdooley/2021/09/29/you-cant-nudge-if-youve-got-sludge/[Warning: the most controversial show note ever. Contains adult content. Spanish Comedian Ignacio Lopez on Dogging. Here's what the term means: https://en.wikipedia.org/wiki/Dogging_(sexual_slang)].
Here's the joke: https://www.facebook.com/watch/?v=246981890669484AThe BBC series My Life As A Rolling Stone - https://www.bbc.co.uk/iplayer/episodes/m0018zwp/my-life-as-a-rolling-stoneThe Donald Trump video where he spends a lot of time choreographing a glass of water - https://www.indy100.com/celebrities/donald-trump-interview-table-waterThe movie ‘The Big Short' - https://en.wikipedia.org/wiki/The_Big_Short_(film)Nick Leeson - https://en.wikipedia.org/wiki/Nick_LeesonRogue Trader, the movie about Leeson - https://en.wikipedia.org/wiki/Rogue_Trader_(film)Stanislav Petrov, the man who presented World War Three - https://en.wikipedia.org/wiki/Stanislav_Petrov
Gerd Gigerenzer - https://en.wikipedia.org/wiki/Gerd_GigerenzerGerd's book Risk Savvy - https://www.penguin.co.uk/books/181878/risk-savvy-by-gigerenzer-gerd/9780241954614
The Chinese Maths problem featuring 26 sheep and 10 goats - https://www.businessinsider.com/viral-chinese-math-question-2018-1? To hear previous episodes of the show featuring:Paul - https://www.humanriskpodcast.com/paul-craven-on-magic-money/Rory - https://www.humanriskpodcast.com/rory-sutherland-on-compliance/Rory & Gerald Ashley Part One - https://www.humanriskpodcast.com/rory-sutherland-gerald-ashley/Rory & Gerald Ashley Part Two - https://www.humanriskpodcast.com/gerald-ashley-rory-sutherland/Paul & Gerald Ashley Part One - https://www.humanriskpodcast.com/gerald-ashley-paul-craven/Paul & Gerald Ashley Part Two - https://www.humanriskpodcast.com/paul-craven-gerald-ashley/

#Spohntrained Personal Development Podcast
The Human Givens Approach to Psychotherapy with Ivan Tyrrell

#Spohntrained Personal Development Podcast

Play Episode Listen Later Feb 9, 2022 85:35


Join me and my guest Ivan Tyrrell as we dive into the basic fundamentals of what it means to be a thriving and emotionally healthy human being. Based on his co-authored work "Human Givens: a New Approach to Emotional Health and Clear Thinking" Ivan shares the fundamental necessities that all humans share. We dive into what doesn't work about modern psychotherapy, why REM state and dreaming is essential for our health, how trance and hypnosis is essential for learning and even into the nature of consciousness. Ivan Tyrrell worked for many years as a psychotherapist (specialising in brief therapy for depression and anxiety). He now spends most of his time lecturing and writing. As a Director of Human Givens College, editorial director of the Human Givens Journal, and board member of the Human Givens Institute, his influence in (and knowledge of) the field of psychotherapy and counseling is considerable. In 1992 he and a group of psychologists and psychotherapists established the European Therapy Studies Institute (ETSI), whose aim was to discover why some psychotherapy approaches appeared to work and others didn't. ETSI quickly gained several hundred members from a wide variety of professions whose support enabled them to publish a journal, The Therapist, the forerunner of the Human Givens journal. The human givens approach to psychotherapy and psychology developed out of the work and research of this group as they endeavored to bring greater clarity to the way people who become depressed, anxious, traumatized or addicted are helped, as well as making such help more reliably effective. Ivan is also co-author with Joe Griffin of numerous, influential titles, including: Human Givens: the new approach to emotional health and clear thinking How to lift depression… fast Why we dream: the definitive answer Freedom from Addiction: The secret behind successful addiction busting How to Master Anxiety An Idea in Practice: Using the human givens approach Release from Anger: Practical help for controlling unreasonable rage Godhead: The Brain's Big Bang – the explosive origin of creativity, mysticism and mental illness View all here > and five ground-breaking monographs on psychology and counselling including The APET model: patterns in the brain, which brings cognitive behavioural therapy (CBT) and SFBT approaches into line with new scientific discoveries about how the brain works, and The Shackled Brain: how to release locked-in patterns of trauma and Hypnosis and Trance States which gave the first psychobiological explanation for hypnosis. Other titles include: The Survival Option, published by Jonathan Cape and Back from the Brink: Coping with stress, published by Virgin Books, which he co-wrote with Nick Leeson. He is a founder member of The Conciliators Guild.   Join me at my upcoming 4 day event RESONANCE or another event: spohntrained.com/events

The Internet Said So
The Internet Said So | EP 115 | Shark Tank, Bank Fraud & The Priyandarshan Olympics ft. @Tanmay Bhat ​

The Internet Said So

Play Episode Listen Later Jan 14, 2022 123:16


On this episode, the boys discuss the latest Indian adaptation of Shark Tank, about Nick Leeson's bank fraud and the most bizarre story about the Olympics race in America in 1904. TISS is a weekly podcast where Aadar, Neville, Kautuk and Varun discuss random, fun, stupid, pointless, weird, shocking "facts" they find on the internet. So come learn with them...or something like that. To support TISS, check out our Instamojo: www.instamojo.com/@TISSOPBuy tickets for Kautuk's show 'Working on the vaccine' here: https://bit.ly/3BvXVleCheck out the TISS Sub-Reddit: https://bit.ly/2IEi0QsCheck out the TISS Discord: https://discord.com/invite/HShXCGSPQzBuy Varun Thakur's 420 Merch - http://bit.ly/2oDkhRVSubscribe To Our YT ChannelsVarun - https://bit.ly/2HgGwqcAadar - https://bit.ly/37m49J2Neville - https://bit.ly/2HfYlWyKautuk - https://bit.ly/3jcpKGaFollow Us on Instagram.Varun - https://www.instagram.com/varunthakur/Aadar - https://www.instagram.com/theaadarguy/Neville - https://www.instagram.com/nevilleshah/Kautuk - https://www.instagram.com/cowtuk/Producer- Rupika Khere

The British Entrepeneur
NICK LEESON: LOSING £800+ MILLION, SHUTTING DOWN BARINGS BANK & NOW BITCOIN! 030

The British Entrepeneur

Play Episode Listen Later Nov 8, 2021 110:40


Nick Leeson is one of the UK's most notorious bankers. Nick single-handedly took down Barings Bank losing over £800 Million and going to jail for it. Now older and much wiser I sit down and talk with the man from Watford and enjoy an amazing conversation about all things money.Follow my Instagram - http://www.Instagram.com/jonjosephbou...Follow my Twitter - http://www.Twitter.com/jonbourgerieFollow Nick - http://www.Instagram.com/theoriginalr...My Website - http://www.JonJosephBourgerie.comThanks for subscribing!

A Brief Case
EP 51: The Man Who Bankrupted Barings Bank - Nick Leeson

A Brief Case

Play Episode Listen Later Nov 2, 2021 20:49


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...? Website: https://abriefcasepodcast.com/  Instagram: @abriefcasepodcast

Kickoff Sessions
#30 Nick Leeson – The Rogue Trader, Lessons from Prison, Happiness & Careers Advice

Kickoff Sessions

Play Episode Play 60 sec Highlight Listen Later Mar 24, 2021 52:28


Nick Leeson is CEO of Bull & Bear Capital and former derivatives trader notorious for the collapse of Barings Bank, the United Kingdom's oldest merchant bank. Nick was the “Rogue Trader” who made fraudulent, unauthorized and speculative trades, and his actions led directly to the 1995 collapse of the bank, for which he was sentenced to prison in Singapore.Sponsorships & partners:- Sons: Sons.ie | Sons.co.uk and use code KICKOFFSESSIONS40 for 40% off- ExpressVPN: ExpressVPN.com/kickoffsessions and get 3 extra months free- Buzzsprout: Buzzsprout.com and receive a $20 Amazon Gift Card(00:00) Sponsorships:  Sons.ie | Sons.co.uk(01:42) Introduction(02:51) Nick Leeson's background(04:35) The collapse of Barings Bank(10:04) Trading emotionally, immaturity & stress(16:15) Social media & communication(20:26) Lessons from prison(25:15) Mental challenges of prison(32:12) Man's Search for Meaning, Viktor Frankl(39:29) Happiness & careers(42:59) Pursuing interests & passions (46:23) Professional success & ultimate focusPlease leave a review:- Spotify: https://spoti.fi/36RrL9Y- Apple: https://apple.co/3uCwViFSocials:- YouTube: https://bit.ly/3HleVy2- Spotify: https://spoti.fi/3EE3FuG- Apple: https://apple.co/32ArW7D- LinkedIn: https://bit.ly/3FCS3JA- TikTok: https://bit.ly/314iZD6Services:- Career mentoring: https://bit.ly/3FCS3JA- Podcast consulting: https://bit.ly/3aYzm5w- Newsletter: https://bit.ly/3JqwkXAThis episode is sponsored by Sons. Please support the podcast and get 40% off your first order by using the discount code KICKOFFSESSIONS40. Sons IE: sons.ieSons UK: sons.co.ukSons are a men's health care brand that offers clinically proven, licenced hair loss treatments for less than the cost of a cup of coffee per day. - ExpressVPN: ExpressVPN.com/kickoffsessions and get 3 extra months free- Buzzsprout: Buzzsprout.com and receive a $20 Amazon Gift CardSupport the show

GDMS Marketing Podcast
Teaching Internationally with Nick Leeson

GDMS Marketing Podcast

Play Episode Listen Later Feb 10, 2021 52:45


In the 13th Episode of the GDMS Podcast, we have an in-depth interview with Nick Leeson where we discuss what it is like Teaching Internationally during the Pandemic in Nigeria. We also discuss the cross-promotion of AEW and Impact Wrestling and the way they are using paid ads. How Vince McMahon is a disruptor through the use of digital marketing. Marketing Minute with Matt on picking the right Key Words. Get your free SEO and Website Audit by clicking here. In our in-depth interview with Nick Leeson, we discuss Teaching Internationally. Nick's recruitment to Virginia Tech. What it was like being a second-generation player at Virginia Tech. Working his way from being a preferred walk-on to scholarship player. How ick went from studying Nutrition, Foods, and Exercise with the goal of becoming a Chemist to pivoting to become an Athletic Director. What Nick was doing in the States before he started teaching internationally. What was the motivation to go back to school and eventually start working internationally? What other countries did Nick live in before he landed in Nigeria? What it has been like teaching internationally during the Pandemic. How Nick has had to adjust normal athletic activities because of COVID. The difference between responses to COVID19 between the United States and Nigeria. What's Nick's favorite scary movie is, both a list and d list as well as his favorite Lester Karlin memory. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

The Artful Trader
Losing your Barings - Lessons from the original rogue trader Nick Leeson

The Artful Trader

Play Episode Listen Later Sep 3, 2018 35:25


In trading and markets, pain is a great teacher. So what does it feel like to lose everything? To bring down a two-centuries old Merchant bank? The Artful Trader's Michael McCarthy sat down with Nick Leeson, the original rogue trader, whose unchecked risk taking caused the collapse of Barings Bank in the biggest financial scandal of the 20th Century. In this episode, Nick Leeson describes the process of soul searching while in prison, rebuilding his life and how he now shares lessons about risk management to banks and corporations.www.theartfultraderpodcast.comNick Leeson website: https://www.nickleeson.com/Nick Leeson Twitter: @TheNickLeeson

The Artful Trader
The Artful Trader - Series 2

The Artful Trader

Play Episode Listen Later Aug 27, 2018 1:15


The Artful Trader podcast returns... with even more renowned names from the trading world.In Series 2, we talk to guests including the original rogue trader, Nick Leeson, and ex-poker champion, Annie Duke. Each episode reveals a fascinating story about what drives these experts and how they have shaped the history of trading forever.