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The collapse of Barings, and Nick Leeson's role in
it, is one of the most spectacular debacles in modern
financial history. How could one trader bring down the
banking empire that had funded the Napoleonic Wars?
Nick Leeson, the young gambler who found himself sucked
into a terrifying spiral of loss was a working-class
boy who lived high in an upper-class world until his
unchecked gambling caused the downfall of Barings, the
banker to the Queen and caused chaos in the Singaporean
money market.
Markets have always been cruel, but rarely have they
been so cruel so swiftly — and on such a grand
scale. Nick talks candidly about what happened, the
lack of accounting safeguards, his capture and confinement
for nine months in a Frankfort prison and being sentenced
to 6 years by the Singapore court for forgery and cheating.
In the aftermath of the AIB trading scandal in New York,
and the collapse of Enron and Worldcom, Nick provides
a fascinating insight into the continuing failures of
senior and middle management at large corporations who
still fail to protect shareholders and customers. He
also talks about being diagnosed with cancer and his
fight against it.
Back From the Brink:
Coping With Stress
Nick's new book (Released June 2005) tells his complete
personal story, whilst in-depth conversations with top
psychologist Ivan Tyrrell show how the continual levels
of high stress that affected Nick’s mental and
physical health can be related to us all, including:
• Living with relationship and family problems
• Struggling with debt
• Striving to achieve status and success
• Coping with serious illness
These pressures are common to many of us yet Leeson’s
approaches to dealing with his experiences reveal inspirational
methods of combating stress. The book enables readers
to check their own stress levels by working through
easy-to-use charts and questions, and Tyrrell’s
clear, professional analysis and coping strategies make
Back From the Brink: Coping With Stress a practical
yet inspirational book. This amazing story of recovery
has real applications in the stressful climate of the
modern world.
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