Barings Bank Collapse Film

Shortly after leeson joined barings and was transferred to jakarta indonesia to sort through a back office mess involving 100 million of share certificates.

Barings bank collapse film.

Rogue trader trailer 1999. Ultimate collapse of barings bank and the aftermath. The film contextualises the downfall as the history of barings bank was one of the oldest and most prestigious merchant banks in britain run by the same family for decades with extensive ties to britain s elites. The film centers in the life of former derivatives broker nick leeson and the 1995 collapse of barings bank.

On march 6 1995 the 233 year old barings banks was officially acquired by dutch investment group ing for a meager 1 to form the subsidiary ing barings. English natthe mystery over the collapse of the historic barings bank is deepening amidst hints from the bank s chairman that there may have been a conspir. When his employers barings bank offer him the opportunity to go to jakarta indonesia to sort out a problem that nobody else wants he seizes the opportunity with both hands. Barings bank london s oldest merchant bank collapses after speculative investing causes the company huge losses.

It was based on leeson s 1996 book rogue trader. Rogue trader is a 1999 british biographical drama film written and directed by james dearden and starring ewan mcgregor and anna friel. Approximately 1 200 people lost their jobs in singapore after the collapse. The collapse of barings bank in february 1995 was caused by colossal losses incurred by a single rogue trader.

How nick leeson became barings bank s superstar nick leeson grew up in london s watford suburb and worked for morgan stanley after graduating from university. Barings bank was a british merchant bank based in london and the world s second oldest merchant bank after berenberg bank baring s close collaborator and german representative it was founded in 1762 by francis baring a british born member of the german british baring family of merchants and bankers. The bank collapsed in 1995 after suffering losses of 827 million 1 6 billion in 2019. 25 million pounds details the collapse of barings bank in the mid 1990s primarily by a broker called nick leeson who lost 827 million 1 3 billion by speculating on futures contracts.

In jakarta he meets and marries lisa anna friel and together they go to singapore when the bank offers him the job of setting up their future options trading operation. Nick leeson the bank s then 28 year old head of derivatives in singapore gambled. How i brought down barings bank and shook the financial world. He also received a share of the 7m profit from the film rogue trader which stared ewan mcgregor and anna friel.