Reply
Senior Contributor
Posts: 4,635
Registered: ‎03-11-2007
0

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."

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.