Reply
Senior Contributor
Noah_Bodie
Posts: 4,635
Registered: ‎03-11-2007

Rogue Trader

If you want a really good movie rental about banking and fraud, rent Rogue Trader.
 
It's the story of Nick Leeson, the guy who was in large part responsible for the collapse of Barings Bank in 1995. Barings was founded in 1762 and helped finance the Louisiana Purchase in 1802. It had been, until it's demise, a very respectable bank.

Although Leeson seems to get branded as the villain acting alone, many in the bank either deliberately or accidentally seemed to provide no oversight. That lack of oversight, IMHO, contributed more than a lot to Barings collapse.

Leeson wrote two books and has done the speaking circuit--showing that crime can pay.

The NY Times, in describing the first book, Rogue Trader, said "This is a dreary book, written by a young man very taken with himself, but it ought to be read by banking managers and auditors everywhere."

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+