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In 1995, 28-year-old trader Nick Leeson caused the collapse of Barings Bank after racking up £862 million in hidden losses. He fled Singapore, was arrested in Frankfurt, extradited and served over 4 years in a Singaporean prison.

We cover: – How it started with a £10K loss – What went wrong, who knew & how it was hidden – Why the bank kept giving him money – Being on the run – Life in prison & how it changed him – Reflecting on success, failure & fatherhood

CONTACT PETE › Website - http://petermccormack.com › Feedback - https://www.petermccormack.com/contact › Email - me@petermccormack.com › Instagram - /mccormack555 › X/Twitter - https://x.com/petermccormack/

CONNECT WITH NICK LEESON › X/Twitter - https://x.com/TheNickLeeson

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/ › Casa - https://casa.io/ › Incogni - https://incogni.com/peter

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TIMESTAMPS: 00:00:00 – Intro   00:06:00 – From Maths Failure to Banker   00:08:18 – Headhunted by Barings   00:10:15 – Entering the Trading Pit   00:14:33 – The First £10K Loss   00:21:23 – Fear of Failure   00:26:35 – He Was Half the Market   00:35:18 – Options Strategy to Survive   00:39:41 – From £20M Loss to Breakeven   00:47:29 – Barings Sends All Their Cash   00:51:04 – It Was a Confidence Trick   00:55:01 – The Moment He Fled   01:00:00 – Headlines Hit the Newsstands   01:02:24 – Getting Caught   01:05:39 – Arrested on the Tarmac   01:08:29 – Jail in Germany   01:11:00 – Prison, Introspection & Change   01:13:31 – Did Anyone Lose Money?   01:20:30 – Life After Prison   01:23:32 – Speaking, Rebuilding & Psychology   01:25:42 – Letting Go of the Past   01:27:47 – Being a Dad Now   01:35:23 – Closing Thoughts  

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LISTEN / SUBSCRIBE TO THE PODCAST › Apple Podcasts: https://apple.co/40ruY9K › Spotify: https://spoti.fi/3Wc94Vu › Fountain: https://bit.ly/FountainPM › YouTube: https://bit.ly/YouTube_PM › Rumble: https://bit.ly/RumblePM

FILMED BY CURTIS TAYLOR › https://www.curttaylor.co.uk/ › https://x.com/curttayloruk/

EDITED BY CONOR MCCORMACK › https://x.com/ConorM04

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