The collapse of Barings, and Nick Leeson's role in it, is one of the most spectacular debacles in modern financial history. How could one trader bring down the banking empire that had funded the Napoleonic Wars?
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.
Markets have always been cruel, but rarely have they been so cruel so swiftly — and on such a grand scale. 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.
In the aftermath of the AIB trading scandal in New York, and the collapse of Enron and Worldcom, Nick provides a fascinating insight into the continuing failures of senior and middle management at large corporations who still fail to protect shareholders and customers. He also talks about being diagnosed with cancer and his fight against it.
Back From the Brink:
Coping With Stress
Nick's book (released in 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:
• Living with relationship and family problems
• Struggling with debt
• Striving to achieve status and success
• Coping with serious illness
These pressures are common to many of us yet Leeson’s approaches to dealing with his experiences reveal inspirational methods of combating stress. The book enables readers to check their own stress levels by working through easy-to-use charts and questions, and Tyrrell’s clear, professional analysis and coping strategies make Back From the Brink: Coping With Stress a practical yet inspirational book. This amazing story of recovery has real applications in the stressful climate of the modern world.
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.
Markets have always been cruel, but rarely have they been so cruel so swiftly — and on such a grand scale. 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.
In the aftermath of the AIB trading scandal in New York, and the collapse of Enron and Worldcom, Nick provides a fascinating insight into the continuing failures of senior and middle management at large corporations who still fail to protect shareholders and customers. He also talks about being diagnosed with cancer and his fight against it.
Back From the Brink:
Coping With Stress
Nick's book (released in 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:
• Living with relationship and family problems
• Struggling with debt
• Striving to achieve status and success
• Coping with serious illness
These pressures are common to many of us yet Leeson’s approaches to dealing with his experiences reveal inspirational methods of combating stress. The book enables readers to check their own stress levels by working through easy-to-use charts and questions, and Tyrrell’s clear, professional analysis and coping strategies make Back From the Brink: Coping With Stress a practical yet inspirational book. This amazing story of recovery has real applications in the stressful climate of the modern world.
Nick Leeson stock market trader whose speculative trading caused the hugely publicised collapse of Barings Bank, the United Kingdom's oldest investment bank. He is currently CEO of Irish football club Galway United.
Delicious
Digg
Facebook
StumbleUpon
Twitter