The definitive, classic account of the fall of the House of Baring, the oldest merchant bank in London, in 1995 and the ultimate rogue trader, Nick Leeson, who brought down the venerable institution with speculative investing.
John Gapper, associate editor of the Financial Times, and his coauthor Nicholas Denton, now founder of Gawker Media, interviewed all the major players involved in the collapse of one of England’s oldest banks.
All That Glitters reveals the Faustian deal struck between the whizz-kid derivatives traders who seemed to be bringing in huge profits and the old guard who were happy to pocket them without asking too many questions. Gapper and Denton present a thrilling, in-depth account of Nick Leeson’s motives and methods for hiding the unauthorized speculative trading as well as the final days of Barings and the last-ditch attempts by politicians and bankers to save the bank.
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About John Gapper
John Gapper is the author of the suspense novel A Fatal Debt, as well as these works of nonfiction: How to Be a Rogue Trader and All That Glitters, a book about the collapse of Barings Bank in 1995. He… More about John Gapper
Published by Portfolio Dec 01, 2011| 320 Pages| ISBN 9781101572757