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Shaun Attwoods True Crime Podcast

I Broke Queen Elizabeth & George Soros's Bank: Rogue Trader Nick Leeson | Podcast 699

Shaun Attwoods True Crime Podcast

Shaun Attwood Podcast

True Crime, Documentary, Personal Journals, Society & Culture

4.41.7K Ratings

🗓️ 17 February 2025

⏱️ 124 minutes

🧾️ Download transcript

Summary

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Rogue Trader the movie stars Ewan McGregor as Nick Leeson, a young British man working at Barings, a major investment bank. Sent to Singapore and placed in a position of authority at the bank's branch there, Leeson takes advantage of the thriving Asian market to make risky trades. Before long, he's in over his head and tries to hide the losses. Fleeing the country with his beautiful wife, Lisa (Anna Friel), Leeson eventually has to face the consequences of his actions in brutal prison conditions.

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#royal #bank #news #singapore #london

#podcast #truecrime #prison

Transcript

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0:00.0

There's no toilets in the cell but you have a hole in the floor and so on the second occasion when they caught him with the origami they decided to stick his head down the toilet bowl or down the hole, start flushing it and the kid died.

0:17.0

I applied to a bank called Coots & Company at 440 Strand, which is actually the Queen's Bank.

0:26.0

That's where the royal family, they've got a branch called Buckingham, which is where they all keep their money and they've got various accounts.

0:34.2

But bizarre stuff, they've got accounts for the corgis and all that sort of stuff.

0:38.3

It's just weird.

0:40.1

So how soon before it hit half a billion?

0:43.5

That would have been late on.

0:45.8

I think by the end of, by the end of 94, you know, I probably had 400 million from me.

0:53.5

The Treasury Department.

0:54.7

This is a small bank, Sean.

0:56.1

It was only worth 250 million pound.

0:58.5

That was the capital base.

0:59.8

So they're borrowing the money.

1:01.5

They're borrowing it from Barclays.

1:04.0

They're borrowing it from Citibank to give it to me in Singapore.

1:06.6

And they're not asking, you know, and they're not, you used the word diligence.

1:11.8

Was there any diligence done about my trading?

1:13.9

Never.

1:15.1

You know, they're giving me 400 million.

1:17.7

The bank's only worth 250 million.

1:20.5

The legal limit you could lend to a subsidiary is 20% of the bank's capital.

1:24.6

So 50 million.

...

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