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Torey 2022-04-10 08:01:01
It's too straight and it's not suitable for this ps.. That girl's play is used as a...
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Earl 2022-04-10 08:01:01
The film that took a long time to watch, if I had watched it five years ago, I would have felt the exact opposite of what it is...
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Granville 2022-04-10 08:01:01
The collapse of the Barings Bank is not the problem of Nick alone. This case, which is talked about by teachers every time in the currency and banking class, in the final analysis, tells us the importance of the balance sheet. It's ironic that Barings Bank, who is blindly pursuing "trends", has ended up in such a way that there is no technicality at all~~ The movie itself is still relatively realistic, and there is nothing to...
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Antonette 2022-04-10 08:01:01
Life, career and love are all gambling. If you lose, you lose NICK, but I think you have ruined a pawn of capitalism. Come...
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Dorthy 2022-04-10 08:01:01
One of the biggest cases in the history of the banking industry, cheers for the...
Rogue Trader Comments
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Rodger 2022-04-10 08:01:01
they cannot escape the history
Rogue Trader
Today, I saw the movie Rogue Trader. It definitely states the people's mind and the condition of stock market. I had read some material which talks about Rosechald's programs' process. I have to say the Barlin Bank lacked of the administration for the low position. Their eyes was... -
Clovis 2022-04-10 08:01:01
From "Devil Salesman" to see the investment mentality
"Devil's Salesman", also known as "How I Broke Barings Bank". The protagonist Nick was promoted from a clerk and was sent to the Singapore branch to open a wrong account 88888 for Pingsheng and use this account to embezzle customers' funds for transactions. At first, it was only to make up for the...
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Tony Hawes: You're down for 450, aren't you? Your bonus? Only a week to go.
Nick Leeson: Sorry?
Tony Hawes: Have you thought about what you're going to do with it? Only a week to go.
Nick Leeson: [taps his glass and rises] Excuse me, I have an announcement to make. I know that some of you are worried about our exposure in the market and you're probably wondering about the identity of our mystery customer X. Well, the fact is he doesn't exist. We are the customer, Barings. And if you look properly at the five eights account, which is not a client account at all, it's an errors account, you'll realise that it's concealing losses in the region of 200 million pounds. No, I tell a lie, it's more like 230 after today.
[shocked, the executives abruptly vomit into their dinners. The picture fades back to a few moments earlier as Nick emerges from a daydream]
Tony Hawes: Only a week to go. What are you going to do with all that money?
Nick Leeson: Well, I'm not going to spend it on futures and options.
[everyone else laughs]
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Peter Baring: [getting off the phone] That was the Sultan of Brunei's office. They've decided not to proceed, they believe the risks are too great and the time too short in view of the need to have a rescue package in place by the time the markets open again in the Far East.
Simon Jones: Is there really no one else?
Peter Norris: We've tried everyone. It's hopeless.
Peter Baring: I therefore have to inform you that Barings is insolvent and will go into immediate liquidation.
[Peter Norris bursts into tears]
