All That Glitters: The Fall of Barings
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.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
America Square arbitrage Argyropoulous Asia asked back office Baker Bank of England Baring Brothers Baring Futures Baring Securities Baylis Bishopsgate Bolsover bonds Bonnefoy bonuses bought British Broadhurst brokers capital cash cent chairman City collapse contracts customers derivatives trading desk director of Baring equity Eurobond five eights account Fraser fund manager futures and options George going Goldman Sachs Greer Gueler Hawes Heath Henderson Crosthwaite Hong Kong Hopkins investment banks investors Japan Japanese John Baring Jones Kelly Khoo Killian knew Leeson London loss Maclean margin calls meant merchant banks million months Morgan Stanley Nick Nick Leeson Nikkei futures Norris Norris’s Ocean Towers operation options trader Osaka partners Pennant-Rea Peter Baring position Primhak problem profits Railton risk Sacranie sell settlements shares Simex Singapore Sliwerski sold started straddles switching talked thing Tokyo traders told trading floor trying Tuckey volatility Walz wanted warrants