The Collapse of Barings Stephen Fay

ISBN: 9780393040555

Published: January 17th 1997

Hardcover

320 pages


Description

The Collapse of Barings  by  Stephen Fay

The Collapse of Barings by Stephen Fay
January 17th 1997 | Hardcover | PDF, EPUB, FB2, DjVu, talking book, mp3, ZIP | 320 pages | ISBN: 9780393040555 | 7.25 Mb

In February 1995, the unthinkable happened: one of the oldest and most respected merchant banks in London went bankrupt. The story that rogue Barings trader Nick Leeson lost hundreds of millions of pounds speculating in the Far East was front-pageMoreIn February 1995, the unthinkable happened: one of the oldest and most respected merchant banks in London went bankrupt.

The story that rogue Barings trader Nick Leeson lost hundreds of millions of pounds speculating in the Far East was front-page news throughout the world. Accused of fraud on a massive scale, Leeson first strenuously opposed being tried in Singapore, then eventually was taken there from his prison in Frankfurt. In December 1995 he pleaded guilty - and the trial began and ended within two days.

As a result, the prosecution case against Leeson was not heard. What really happened to cause the downfall of the Queens bank, and who was actually responsible?In The Collapse of Barings, Stephen Fay investigates the facts behind the headlines and discovers a closed network of privilege, greed, and incompetence. In the rapidly changing system of global finance, the directors of Barings came to rely on people they hardly knew - like Nick Leeson - to make their fortunes in markets they did not fully understand, like SIMEX in Singapore.

The plasterers son from Watford was still in his mid-twenties when he rose to become the golden boy of Barings, claiming to have made profits of ten million dollars in one week. His London bosses watched passively as a culture of speculation grew until it eventually destroyed them, and changed the face of Londons financial heartland.



Enter the sum





Related Archive Books



Related Books


Comments

Comments for "The Collapse of Barings":


wasze-foto.pl

©2009-2015 | DMCA | Contact us