benefits and halo

Chauncey 2022-04-10 08:01:01

After Nick Leeson of "Rogue Trader"? In fact, the so-called devils emerge in an endless stream, and their purpose is nothing more than profit and halo!

In 2002, John Rusnak, a trader in the Baltimore branch of Allied Irish Bank in the United States, caused a loss of 750 million US dollars for the bank; in
2008, a trader of Societe Generale, Keville, illegally used 50 billion euros of funds to buy Stock index futures, causing a $6.7 billion loss to the bank.
In September 2011, UBS (UBS) found that a trader in its investment banking department had violated the rules and caused losses of about 2 billion US dollars, and the "Devil Trader" scandal resurfaced.



What about Nick Leeson himself?
First served 9 months in a German prison (because he had fled to Germany after the incident was revealed), and then transferred to a Singapore prison to continue serving 3 years and 7 months.
At present, he mainly works as a trapeze, and gives risk speeches around the world.
Nick, who was CEO of an Irish football club, resigned in January this year. He now travels around the world, like "Buffett Luncheon," attending some business dinners and giving speeches, the main topic of which is financial risk management. These activities are also his main source of income.

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Extended Reading
  • Jarvis 2022-04-21 09:03:53

    Ewan is too milky, how can there be such a milky baby in the financial circle full of narcissistic and wretched men? It is impossible to fit in to start work! Hahaha

  • Nelle 2022-04-19 09:03:17

    A 28-year-old trader brought down a 233-year-old bank. After watching the movie, I went to check the real background of Nick Leeson himself, the early stage of his career is really amazing! Looking at the whole article, Nick Leeson, who is only 44 years old now, can really say that he has lived a very exciting life.

Rogue Trader quotes

  • Peter Norris: Now, we've had a lot of stick over funding. Brenda Granger tells me we're borrowing all over Japan to get the funds to you. People are beginning to talk, Nick.

    Nick Leeson: I understand. I understand completely.

    Peter Norris: Excellent. Good man.

    [he turns back to chat with the others]

    Nick Leeson: [voiceover] And that was it. That was apparently all he had to say on the subject of my enormous exposure that was causing so many ulcers throughout the Barings empire.

  • 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]