NICK LEESON - THE ROGUE TRADER: How One Man Lost £1 Billion & Bounced Back

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.4 • 1.9K Ratings

🗓️ 19 January 2020

⏱️ 124 minutes

🔗️ Recording | iTunes | RSS

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Summary

Watch the full episode for free here: https://londonreal.tv/e/nick-leeson/

Nick Leeson is better known as the “Rogue Trader”, who was made famous for causing the fall of Barings Bank in 1995 - arguably the biggest financial scandal of the twentieth century.

After losing an estimated 826 million pounds trading derivatives, and causing the bankruptcy of Barings Bank, he was sentenced to six and a half years in a Singapore prison.

During this time he wrote his autobiography “Rogue Trader”, which was made into a movie starring Ewan McGregor. Today Nick spend's his time advising major financial institutions around the world, ensuring they learn from your mistakes and maintain the correct compliance, control, and transparency.

NICK LEESON:

Website: https://www.nickleeson.com

Transcript

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0:00.0	Hi, it's Brian Rose, and welcome to London Real.
0:03.0	If you're listening to this podcast, it means that you're excited about learning and creating real change.
0:08.5	Well, me too. That's why I started broadcasting this show eight years ago.
0:13.4	And over that time, I've learned that change only happens
0:16.2	when you take action.
0:18.0	Maybe you've been thinking about what steps you could take
0:20.7	in order to live a better life. But you're feeling stuck or don't know where to start.
0:25.4	I understand and that's why I created the London Real Academy to help people take that first
0:31.3	step towards everything from starting their own
0:33.6	business to recording their first podcast to speaking publicly or just
0:38.2	to leading a healthier more productive lifestyle and today I'm offering you a free one-to-one phone call with one of my
0:45.3	London Real Academy coaches who can speak with you directly about your personal
0:49.9	challenges and how we can help. There is no cost for this and no obligation.
0:55.1	So if you're ready to take action go to Londonreal. TV.
0:57.9	forward slash change or click on the link to book your free coaching call and start your journey today.
1:04.0	Now, on to the show.
1:07.0	It was incompetence and negligence on a grand scale.
1:11.0	Every level from Bank of England through Singapore International Monetary Exchange,
1:16.0	it's like the Wild West.
1:20.0	At bearings, you could pretty much do what you wanted and that's what I did.
1:25.0	In Japan, in Singapore I could manipulate markets in both locations.
1:30.0	Nobody could trade with me because they were losing money.
	...

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