Barings Lost

Barings Lost PDF Author: Luke Hunt
Publisher: Butterworth-Heinemann
ISBN: 9789810068028
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
Barings Lost is the story of the collapse of Barings Bank. How and why unmonitored trading by a single dealer brought a venerable institution to its knees is revealed through careful analyses of a long series of events. Nick Leeson's role in bringing down the bank is central to the story. The exciting early days of his life in Singapore, his rise within the bank, his dealing wins and losses, and his eventual flight, all make fascinating reading.

Barings Lost

Barings Lost PDF Author: Luke Hunt
Publisher: Butterworth-Heinemann
ISBN: 9789810068028
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
Barings Lost is the story of the collapse of Barings Bank. How and why unmonitored trading by a single dealer brought a venerable institution to its knees is revealed through careful analyses of a long series of events. Nick Leeson's role in bringing down the bank is central to the story. The exciting early days of his life in Singapore, his rise within the bank, his dealing wins and losses, and his eventual flight, all make fascinating reading.

All That Glitters

All That Glitters PDF Author: John Gapper
Publisher: Penguin
ISBN: 1101572752
Category : Business & Economics
Languages : en
Pages : 599

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Book Description
The definitive, classic account of the fall of the House of Baring, the oldest merchant bank in London, in 1995 and the ultimate rogue trader, Nick Leeson, who brought down the venerable institution with speculative investing. John Gapper, associate editor of the Financial Times, and his coauthor Nicholas Denton, now founder of Gawker Media, interviewed all the major players involved in the collapse of one of England's oldest banks. All That Glitters reveals the Faustian deal struck between the whizz-kid derivatives traders who seemed to be bringing in huge profits and the old guard who were happy to pocket them without asking too many questions. Gapper and Denton present a thrilling, in-depth account of Nick Leeson's motives and methods for hiding the unauthorized speculative trading as well as the final days of Barings and the last-ditch attempts by politicians and bankers to save the bank.

The Collapse of Barings

The Collapse of Barings PDF Author: Stephen Fay
Publisher:
ISBN: 9780756772642
Category :
Languages : en
Pages : 0

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Book Description
In Feb. 1995 in London, one of the oldest & most respected merchant banks in the City went bankrupt. The story that Ôrogue' Barings trader Nick Leeson had lost hundreds of millions of pounds speculating in the Far East was front page news around 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 Dec. 1995 he pleaded guilty -- & the trial began & ended within two days. As a result, the prosecution case against Leeson was not heard. What really happened to cause the downfall of Ôthe Queen's bank', & who was actually responsible? Here, Fay discovers a closed network of privilege, greed & incompetence. B&W photos.

Going for Broke

Going for Broke PDF Author: Judith Rawnsley
Publisher:
ISBN: 9780002556590
Category : Bank failures
Languages : en
Pages : 206

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Book Description
This work charts the development of Baring's Securities: its employment policies, work ethics, and the professional environment created by Christopher Heath. It describes the climate of greed which fostered the rise of Nick Leeson, the political struggles within the company which accomodated his rise to power, and the circumstances which allowed his fraudulent activities to go unchecked for over two years, culminating in the dramatic collapse of the Queen's bankers.

Risk Takers

Risk Takers PDF Author: John Marthinsen
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 1547400056
Category : Business & Economics
Languages : en
Pages : 409

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Book Description
Risk Takers: Uses and Abuses of Financial Derivatives goes to the heart of the arcane and largely misunderstood world of derivative finance and makes it accessible to everyone—even novice readers. Marthinsen takes us behind the scenes, into the back alleyways of corporate finance and derivative trading, to provide a bird’s-eye view of the most shocking financial disasters of the past quarter century. The book draws on real-life stories to explain how financial derivatives can be used to create or to destroy value. In an approachable, non-technical manner, Marthinsen brings these financial derivatives situations to life, fully exploring the context of each event, evaluating their outcomes, and bridging the gap between theory and practice.

Total Risk

Total Risk PDF Author: Judith H. Rawnsley
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 276

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Book Description
Provides an inside account of the shocking bankruptcy of the two-hundred-year-old British bank and the twenty-eight-year-old rogue trader in Singapore who caused its collapse. Reprint. PW.

Greed and Corporate Failure

Greed and Corporate Failure PDF Author: S. Hamilton
Publisher: Springer
ISBN: 023050275X
Category : Business & Economics
Languages : en
Pages : 224

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Book Description
This book is for anyone who wants to know what truly lies behind the scandals and disasters of global business which marred the first few years of the 21st century. It examines why companies fail, finding the reasons few, yet all too common. It also explores what the prudent investor, board member or manager should be alert to but often is not.

Barings Bankruptcy and Financial Derivatives

Barings Bankruptcy and Financial Derivatives PDF Author: Peter G. Zhang
Publisher: World Scientific
ISBN: 9789810223335
Category : Business & Economics
Languages : en
Pages : 186

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Book Description
This is the first systematic source which tries to explain how and why the 233-year old and the World's oldest merchant bank went into bankruptcy in a few days. It includes three parts with 10 chapters. Part I first describes what happened, then traces back the birth and historical glory of the Barings bank and family, and finally describes how it was sold to the Internationale Nederlanden Groep (ING). As many terms of financial derivatives are used in the first part, we try to provide an easy and systematic way to clarify the related financial derivatives products in Part II. This part first gives a general discussion of financial derivatives and a brief review of the historical development, growth, and magnitude of the financial derivatives markets. It then concentrates on futures and options in two chapters. Finally, we explain the hedging and speculating functions of financial derivatives and how they can be used in combination to achieve particular objectives. Part III provides necessary information on the Japanese financial markets and then analyzes how a single trader could have so much power as to bring about Barings fall. Finally, we try to provide the lessons from this event.

Straining at the Anchor

Straining at the Anchor PDF Author: Gerardo della Paolera
Publisher: University of Chicago Press
ISBN: 0226645584
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
The "Argentine disappointment"—why Argentina persistently failed to achieve sustained economic stability during the twentieth century—is an issue that has mystified scholars for decades. In Straining the Anchor, Gerardo della Paolera and Alan M. Taylor provide many of the missing links that help explain this important historical episode. Written chronologically, this book follows the various fluctuations of the Argentine economy from its postrevolutionary volatility to a period of unprecedented prosperity to a dramatic decline from which the country has never fully recovered. The authors examine in depth the solutions that Argentina has tried to implement such as the Caja de Conversión, the nation's first currency board which favored a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted. With many countries now using—or seriously contemplating—monetary arrangements similar to Argentina's, this important and persuasive study maps out one of history's most interesting monetary experiments to show what works and what doesn't.

Managing Operational Risk in Financial Markets

Managing Operational Risk in Financial Markets PDF Author: Amanat Hussain
Publisher: Butterworth-Heinemann
ISBN: 9780750647328
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
Risk management is one of the biggest issues facing the financial markets today. This volume outlines the major issues for risk management and focuses on operational risk as a key activity in managing risk on an enterprise-wide basis.