What was the name of the bank that rogue trader Nick Leeson worked for?
"Nick's story. Written and directed by James Dearden, ""Rogue Trader"" stars Ewan McGregor (Nick Leeson) and Anna Friel (Lisa Leeson) and was executive produced by Sir David Frost. Released in June 1999, it premiered in London one month prior to Leeson's release from prison in Singapore. ""Rogue Trader"" was released on 25 June 1999 in the UK and the USA. It was distributed by Pathé in the UK and Cinemax in the USA. Rogue Trader (book) Rogue Trader: How I Brought Down Barings Bank and Shook the Financial World is a book by Nick Leeson, who served four years in"
"been worn by Nick Leeson while trading on SIMEX in Singapore. The jacket was offered for sale on eBay but it failed to reach its reserve price despite a highest bid of £16,100. It was subsequently sold for £21,000. In October 2007 a similar jacket used by Leeson's team but not thought to have been worn by Leeson himself sold at auction for £4,000. The 1999 film ""Rogue Trader"" is a fictionalized account of the bank's downfall based upon Leeson's autobiography """". In the film, the bank is repeatedly described as the oldest merchant bank and private bank in the"
"the house on Day 1. She left the house on Day 26 after coming runner-up. Natalie Nunn is an American reality television personality, best known for her appearances in Oxygen's reality show ""Bad Girls Club"" on and off between 2009 and 2015. She entered the house on Day 1. She became the first housemate to be evicted on Day 9. Nick Leeson is an English former derivatives broker, best known for his time at Barings Bank, the United Kingdom's oldest merchant bank. From 1992, Leeson made unauthorised speculative trades, where his actions led directly to the 1995 collapse of Barings"
"to two counts of ""deceiving the bank's auditors and of cheating the Singapore exchange"", including forging documents. Sentenced to six and a half years in Changi Prison in Singapore, he was released from prison in 1999, having been diagnosed with colon cancer, which he survived despite grim forecasts at the time. While in prison, in 1996, Leeson published an autobiography, ""Rogue Trader"", detailing his acts. A review in the financial columns of the ""New York Times"" stated, ""This is a dreary book, written by a young man very taken with himself, but it ought to be read by banking managers"
"Leeson. Leeson was supposed to be arbitraging, seeking to profit from differences in the prices of Nikkei 225 futures contracts listed on the Osaka Securities Exchange in Japan and on the Singapore International Monetary Exchange. However, instead of buying on one market and immediately selling on another market for a small profit, the strategy approved by his superiors, Leeson bought on one market then held on to the contract, gambling on the future direction of the Japanese markets. According to Eddie George, Governor of the Bank of England, Leeson began doing this at the end of January 1992. Due to"
"International Monetary Exchange. His decisions routinely resulted in losses of substantial sums, and he used money entrusted to the bank by subsidiaries for use in their own accounts. He falsified trading records in the bank's computer systems, and used money intended for margin payments on other trading. As a result, he appeared to be making substantial profits. However, his luck ran out when the Kobe earthquake sent the Asian financial markets—and with them, Leeson's investments—into a tailspin. Leeson bet on a rapid recovery by the Nikkei, which failed to materialise. On 23 February 1995, Leeson left Singapore to fly to"
"sentence at the Federal Correctional Institution (FCI) Ray Brook, a medium security facility for male offenders located in Upstate New York, midway between the villages of Lake Placid and Saranac Lake. James Nicholson (American businessman) James Michael Nicholson (born 1966) was an American businessman and was the head of the investment firm Westgate Capital Management. The headquarters of Westgate Capital was located in Pearl River, NY. Nicholson was arrested on February 25, 2009 by the FBI and charged by the SEC for allegedly ""defraud[ing] hundreds of investors of millions of dollars"". Nicholson was indicted by the US Attorney for the"
"its respective management teams, which today include Baring Vostok Capital Partners in Russia, GP Investments in Brazil as well as Baring Private Equity Asia, and Baring Private Equity Partners India. With the failure of Barings, N M Rothschild & Sons is the only name remaining from the glory days of 19th-century British merchant banking. After learning of Barings' collapse (and realising he was certain to be jailed for his actions), Leeson booked a flight to London where he intended to surrender to British police in hopes of serving prison time in the United Kingdom as opposed to Singapore. However, he"
"asset stripping operation. Hanson was well known for his support of ex-Conservative MP Neil Hamilton, who became famous for his involvement in the ""cash-for-questions affair"" in the mid-1990s. He was also an active ""Eurosceptic"", opposed as he was to Britain joining the Euro zone, and was a founding member of ""Business for Britain"", an anti-EU organisation. He was also a member of the Bruges Group, which advocates a substantial renegotiation of Britain's relationship with the EU, or if that is not possible, total withdrawal from the EU. His billion-dollar empire earned Hanson the nickname ""Lord Moneybags"". Hanson dated Jean Simmons"
"a campaign to raise the bank’s profile, which included innovations such as lower interest rates. Lacey commissioned a high-profile advertising campaign, featuring fictitious NIB manager Martin, who would repeatedly call his cousin Niall about the great deals the bank was offering. In 1993, Irish crime lord Martin Cahill planned a raid on NIB, using then CEO Jim Lacey and his family as hostages to extract up to €10 million in cash. In early 1993 John ""The Coach"" Traynor met with his boss Cahill to provide him with inside information about the inner-workings of NIB at College Green, Dublin. Traynor told"
"on SIMEX in Singapore. The jacket was offered for sale on eBay but it failed to reach its reserve price despite a highest bid of £16,100. It was subsequently sold for £21,000. In October 2007 a similar jacket used by Leeson's team but not thought to have been worn by Leeson himself sold at auction for £4,000 Trading jacket A trading jacket is a garment worn by an individual who executes trades by open outcry in and around the trading pits of various financial exchanges. Trading jackets are frequently brightly coloured and distinctive to assist in the identification of specific"
"Nicolaus Gustafson ran to the intersection of Division and 5th a block away, where he was shot in the head as the bank was being robbed. Gustafson died four days later. Another Swede named John Olson was an eyewitness to the Gustafson shooting and later testified against Cole Younger. Inside the bank, the assistant cashier Joseph Lee Heywood refused to open the safe and was murdered for resisting. The two other employees in the bank were teller Alonzo Bunker and assistant bookkeeper Frank Wilcox. Bunker escaped from the bank by running out the back door despite being wounded in the"
"Bernie Houghton Maurice Bernard Houghton, known as Bernie Houghton, (1920, Texas - 2000) was a US businessman with links to the US intelligence community, including involvement in the CIA-connected Sydney, Australia-based Nugan Hand Bank in the 1970s. He settled in Sydney in 1967, and founded several bars in Kings Cross, New South Wales, becoming a significant enough local figure to have a bust erected in his honour in 2002. After serving in the US military in World War II, Houghton had various jobs over the next 20 years (Alfred W. McCoy describes him as ""knock[ing] about the country for twenty"
"him with inside information about the inner workings of the National Irish Bank (NIB) head office and branch at College Green, Dublin. Traynor told Cahill that the bank regularly held more than €10 million in cash in the building. The plan was to abduct NIB CEO Jim Lacey, his wife and four children and take them to an isolated hiding place. There, they would be held with fellow gang member Jo Jo Kavanagh, acting as a ""hostage"", who would frighten Lacey into handing over every penny stored in the bank's vaults. On 1 November 1993, Cahill's gang seized Lacey and"
"hunters to New York, but granted habeas corpus rather being returned England to stand trial. Rowland Stephenson Rowland Stephenson (May 19, 1782 – July 2, 1856) was a British banker and politician who precipitated the collapse of a bank and took refuge in America. The son of banker and great nephew of his namesake, MP for Carlisle (1787–1790), he had been born at sea when his family returned from Florida when their business failed after the American War of Independence. He joined Remington, Stephenson & Company on leaving Eton. He already had several properties in Essex, the manor of Cockermouth"
"the ""five-eights account"", to prevent the London office from receiving the standard daily reports on trading, price, and status. Leeson claims the losses started when one of his colleagues bought 20 contracts when she should have sold them, costing Barings £20,000. By December 1994, Leeson had cost Barings £200 million. He reported to British tax authorities a £102 million profit. If the company had uncovered his true financial dealings then, collapse might have been avoided as Barings still had £350 million of capital. Using the hidden five-eights account, Leeson began to trade aggressively in futures and options on the Singapore"
"own supervisor. Leeson abused this situation to secretly make increasingly large unauthorized trades on his employer's behalf. He fraudulently doctored the bank's accounts, and reported large profits, while trading at losses. After the 1995 Kobe earthquake, the stock market went into a downward spiral, and the truth of his losses was uncovered, bankrupting Barings Bank. The Secretary of State sought director disqualification orders under the Company Directors Disqualification Act 1986 against three directors of Barings for their failure to supervise his activities. They were alleged to be incompetent, and therefore ""unfit to be concerned in the management of a company"""
"Kenneth Raulerson Kenneth Scott Raulerson, also known as Speedy, is a bank robber from Levy County, Florida convicted of robbing the Dowling Park Barnett/Nations Bank May 18, 1998, by claiming that he had a bomb strapped to his chest. After the robbery, he escaped arrest and fled to Alaska, where he worked on crab boats. After six months, he returned to the backwoods of Florida, where he stayed in the woods for the next following years with authorities on his tail. After a nine-year search by police and detectives, he was finally fed up with having to deal with the"
"quickly expanded it by selling luxury goods to American tourists, and also owned West End club the Hanover Grand, where he gave Robert Earl his first job. He later sold the business in 1979 to make his initial wealth. After selling the family business in the late 1970s, Lewis moved into currency trading in the 1980s and 1990s, resulting in his move to the Bahamas where he is now a tax exile. In September 1992, Lewis teamed up with George Soros to bet on the pound crashing out of the European Exchange Rate Mechanism. The event, which was dubbed Black"
"on poverty, aid, debt, and foreign investment. Phil Leeson Philip Frank Leeson (1925–2004) was a development economist and Communist activist. He was born in Barnton, Cheshire, was educated at Sir John Deane's grammar school, Northwich and between 1943 and 1947 served in the British Army (Royal Signals). After his military service he read modern history, economics and politics at the Victoria University of Manchester where he was to spend most of the rest of his working life as an academic lecturing and researching in the University's economics department. He also lectured for the Workers' Educational Association, World Development and UN"
"his trades, jobs usually done by two different people. This made it much simpler for him to hide his losses from his superiors. By the end of 1992, the account's losses exceeded £2 million, which ballooned to £208 million by the end of 1994. The beginning of the end occurred on 16 January 1995, when Leeson placed a short straddle in the Singapore and Tokyo stock exchanges, essentially betting that the Japanese stock market would not move significantly overnight. However, the Kobe earthquake hit early in the morning on 17 January, sending Asian markets, and Leeson's trading positions, into a"
"at various Wall Street firms who engaged in insider trading. Participants exchanged and traded on inside information they obtained through their work. Levine placed his trades through an account maintained at Bahamian subsidiaries of Swiss banks. After briefly doing business with Pictet & Cie, he moved his business to Bank Leu in May, 1980, eventually earning $10.6 million in profits. Levine believed he was safe from detection. Like most Swiss banks, Bank Leu had a long tradition of secrecy. Also, the Bahamas had some of the strictest bank secrecy laws in the world; they forbade banks from disclosing any information"
"arrangement that made it easier for him to hide his losses. After the collapse, several observers, including Leeson himself, placed much of the blame on the bank's own deficient internal control and risk management practices. A number of people had raised concerns over Leeson's activities but were ignored. Because of the absence of oversight, Leeson was able to make seemingly small gambles in the futures arbitrage market at Barings Futures Singapore and cover for his shortfalls by reporting losses as gains to Barings in London. Specifically, Leeson altered the branch's error account, subsequently known by its account number 88888 as"
"Phil Leeson Philip Frank Leeson (1925–2004) was a development economist and Communist activist. He was born in Barnton, Cheshire, was educated at Sir John Deane's grammar school, Northwich and between 1943 and 1947 served in the British Army (Royal Signals). After his military service he read modern history, economics and politics at the Victoria University of Manchester where he was to spend most of the rest of his working life as an academic lecturing and researching in the University's economics department. He also lectured for the Workers' Educational Association, World Development and UN Association meetings, and to sixth forms -"
"the Union Bank at New Hazelton was robbed by gunmen. In the commission of the crime, a young bank teller by the name of Jock McQueen was mortally wounded. Even though a posse was swiftly formed to go after them, the bandits got away with $16,000, a great deal of money in those days. The second robbery occurred on April 7, 1914, already a red letter day for the area as the last spike of the Grand Trunk Pacific Railway was being driven 180 miles away in Fort Fraser. New Hazelton was a busy little town that morning and excitement"
"Dan Noble Dan Noble, also known as Daniel Dyson, (1846-?) was an English gentleman burglar, confidence man, sneak thief and pickpocket active in the United States during the mid-to late 19th century. One of the most notorious criminals in New York City, he was involved in several major robberies in the post-American Civil War era. Among his exploits included the daylight robbery of the Royal Insurance Company in 1866 and was an alleged participant in the theft of $1,000,000 from industrialist Rufus L. Lord arraigned by George Leonidas Leslie in 1876. Dan Noble was born in England and immigrated to"
"The Venom Business The Venom Business is Michael Crichton's seventh published novel. It was released in 1969 by The World Publishing Company (New York) under the pseudonym of John Lange. It was the first hard cover book from Lange. Hard Case Crime republished the novel under Crichton's name on November 19, 2013. Charles Raynaud is a smuggler and he is very content and mildly successful with what he does for a living. Based in Mexico, Charles uses his exceptional skill as a snake handler to his advantage by ""exporting"" snakes out of Mexico under the guise of medical research—their venom"
"arrest. Kenneth Raulerson Kenneth Scott Raulerson, also known as Speedy, is a bank robber from Levy County, Florida convicted of robbing the Dowling Park Barnett/Nations Bank May 18, 1998, by claiming that he had a bomb strapped to his chest. After the robbery, he escaped arrest and fled to Alaska, where he worked on crab boats. After six months, he returned to the backwoods of Florida, where he stayed in the woods for the next following years with authorities on his tail. After a nine-year search by police and detectives, he was finally fed up with having to deal with"
"to set up a new life with his mistress and secretary, Sheila Buckley. Using false identities, Stonehouse set about transferring large sums of money between banks as a further means of covering his tracks. Under the name of Clive Mildoon, he deposited $21,500 in cash at the Bank of New Zealand. The teller who handled the money later spotted ""Mildoon"" at the Bank of New South Wales. Inquiries led the teller to learn that the money was in the name of Joe Markham and he informed the local police. Stonehouse spent a while in Copenhagen with Sheila Buckley, but later"
"Cartaya to the amount of 24.7%; another 23.3% was held by ""Neo-Floridian Development Company""- of NFDC, 54.4% was held by Cartaya, again. A considerable proportion of the money was funneled through a bank in the Bahamas called the Cisalpine Bank*, and from thence to the Vatican Bank to Swiss numbered accounts; this bank was owned by Vatican Bank manager Archbishop Paul Marcinkus and notorious dirty Italian banker Roberto Calvi. The Cisalpine Bank* seems to have also been laundering heroin profits through the Nugan Hand Bank for the Grey Wolves. The bank was involved with a number of prominent Floridians, such"
"North America and grossed US$5,935,256 in 1,603 cinemas. The Bank Job The Bank Job is a 2008 British heist-thriller film written by Dick Clement and Ian La Frenais, directed by Roger Donaldson, and starring Jason Statham, based on the 1971 Baker Street robbery in central London, from which the money and valuables stolen were never recovered. The producers allege that the story was prevented from being told in 1971 because of a D-Notice, allegedly to protect a prominent member of the British Royal Family. According to the producers, this film is intended to reveal the truth for the first time,"
"Kuala Lumpur. Barings Bank auditors finally discovered the fraud around the same time that Barings' chairman, Peter Baring, received a confession note from Leeson. Leeson's activities had generated losses totalling £827 million (US$1.3 billion), twice the bank's available trading capital. The collapse cost another £100 million. The Bank of England attempted an unsuccessful weekend bailout. Employees around the world did not receive their bonuses. Barings was declared insolvent on 26 February 1995, and appointed administrators began managing the finances of Barings Group and its subsidiaries. The same day, the Board of Banking Supervision of the Bank of England launched an"
"investigation. He moved to Sydney, and ended up living in Bondi, working as a bouncer in an illegal casino in Kings Cross. In later books it turns from an illegal casino to a bridge club, as the club's owner Price Galese has further trouble bribing Police and Government officials to ignore the casino's presence. Les' career provides many opportunities for training, fighting, sex, dancing, photography, reflection and the odd mystery solving. Les played rugby league for Easts during his early days in Sydney. He drives around in an old 1968 Ford Falcon in the early stories. In later stories he"