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Summary

This account describes how a 28-year-old from Watford, Nick Leeson, plunged Barings Bank into ruin. In 1994, Leeson seemed to be making the company millions of pounds a week, but he explains how the cover-up of a colleague's small error led to the crash of Britain's oldest merchant bank.

©2018 Nick Leeson (P)2018 Audible, Ltd

What listeners say about Rogue Trader

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  • Overall
    5 out of 5 stars
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fascinating listen

really enjoyed this book, couldn't stop listening I wanted to know the next piece of the puzzle. recommended.

1 person found this helpful

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At best it’s a good story

The best I can say is it is a good story. I found it to be a bit “not my fault” when in reality a crime of this magnitude can only be driven by greed and a sense of inferiority.
No matter how you look at it people lost investments through this crime in fact I’d imagine many lost everything but I don’t believe I ever heard an apology for his actions.

1 person found this helpful

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Enjoyable listen

Pretty easy book to listen to and explained the techniques Leeson used in his deception / fraud in a way that non-finance people can understand (to a certain extent).
Amazing how we managed to get away with it. The ultimate gambler who lost other peoples money.

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Relatable tragedy

Nick Leeson is a grey character, but his situation is relatable and scary. Fascinating insight into the banking system and the unbelievable true story.

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good story moderately written

not quite as good as a Tom Clancy novel or as tasty as fruit pastels

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Leeson

Leeson ,gambled recklessly. He went chasing his losses. Not the best strategy for a trader.

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Cliff hanger

I was directed to this book by a podcast that had referenced it and decided that it sounded interesting. It finished a bit abruptly, but was an engaging listen.

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good book

always been fascinated with this sort of stuff. guy was just a chancer who got lucky once then thought he was invincible.

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where was the end?

started well and was interesting but disappointed at the abrupt finish didn't feel like there was any ending

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  • Mr
  • 13-11-20

Intriguing account of a extraordinary event.

The story of how Nick Leeson destroyed Barings is almost a modern morality tale about one lie can lead to a mountain of lies: and hearing how he managed over months to dig himself, and his company in deeper and deeper is like watching a spectacular slow-motion car-crash. Leeson comes over as a man who wasn't even greedy, just trapped by his own risk-taking personality and fear of owning up. And who was aided and abetted by an jaw-droppingly gullible and slack senior management team who never checked up on him, never questioned his increasingly absurd stories, and never stopped advancing him more and more money. Barings sounds like it was run more like a private social-club than a global financial enterprise.

Leeson shows a good deal of sympathy for himself, which may annoy some readers. But he's also very frank about his own failings and the scale of the damage he managed to do as a result of his crazy gambling to try and extract himself from a hole that he kept sinking deeper and deeper into. It's also worth noting that the initial catalyst for his descent was an attempt to protect a junior employee from getting sacked for an error, not to make himself rich.

The narrator is competent, and the story itself is well told: even if Leeson sometimes goes off on a few too many tangents about his personal life and his nights out with the lads.