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What is Nick Leeson about?

Nicholas Leeson was a rogue trader at Barings Bank who incurred massive unauthorized losses through speculative derivatives trading. He concealed his risky positions and losses using an unauthorized "error account". As his bets against the rising Japanese stock market failed, his losses grew over $1 billion, collapsing Barings Bank and exposing poor risk management and a lack of oversight of Leeson

Author

mnar2056481

Language

EN