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Barings Bank

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3 months ago

The Guardian view on fiscal rules and financial myths: Britain must stop fearing imaginary bond vigilantes | Editorial

Liz Truss fell not for borrowing, but for incompetence. Rachel Reeves mustn’t repeat the mistake with rules markets don’t demand

In 1995, Nick Leeson, a 28-year-old trader for Barings Bank, brought do…

9 months ago

He lost £800million and brought down Barings Bank. Now, 30 years on, rogue trader NICK LEESON says: 'I'm not lying awake worrying about the victims'

Thirty years ago, a working-class trader from Watford was the undisputed king of the Singapore International Monetary Exchange (SIMEX). But in 1995, Nick blew everything up...

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