At a time when global markets are in turmoil and financial institutions battling to stay afloat, the last thing a bank needs is the discovery of a rogue trader in its ranks.Saturday, 20 September, 2008, 12:00am
Rogue trader Nick Leeson yesterday said it was frightening that the China Aviation Oil financial scandal could rock Singapore more than a decade after his trading losses led to the collapse of Barings Bank.23 Mar 2006 - 12:00am
1 The first piece of advice I would give to someone who wants to set up their own business is to write down your overheads and ask yourself whether you can afford them for a minimum of six to 12 months. If you cannot, then do not do it.17 Sep 2005 - 12:00am
For a man who has just turned an encounter with financial scandal, jail, divorce and colon cancer into a 317-page self-help book, Nick Leeson sounds surprisingly flat.
It is not ridiculously early in the morning, but the man best known for a spell of rogue trading that single-handedly brought down Barings bank 10 years ago is not at his perkiest when he picks up the phone.25 Jun 2005 - 12:00am
The closure of ING Barings' futures and options operations will result in 64 job losses in Asia, although the bank has already helped negotiate the transfer of 17 floor traders to a Singapore trading house.1 Mar 2001 - 12:00am
NICK LEESON has revealed how an immigration officer surprisingly welcomed him to Hong Kong despite his notorious multibillion-dollar fraud conviction.
He had been worried he would no longer be allowed into the SAR, which he had visited during his days as a Barings futures trader in Singapore.19 Sep 1999 - 12:00am
A week from Saturday, the world's most notorious trader will trade prison bars for a champagne bar.
High fliers Nick Leeson and his lawyer are travelling in style on what promises to be one of British Airways' more turbulent crossings.
The ex-con will be relaxing in the 747's first-class bubble.24 Jun 1999 - 12:00am
Singapore has launched another campaign to make itself the financial hub of Asia and clearly aims to attract Hong Kong's financial services industries as well as take more business from Tokyo.6 Nov 1998 - 12:00am
I cannot let Sir David Frost's justifications for paying Nick Leeson (the trader who brought down Barings in 1995) for his story (Sunday Morning Post, April 5) pass unchallenged.
Sir David's argument that the payment for the rights to Leeson's life 'will be consumed by the fees for his defence' is, to say the least, completely irrelevant.12 Apr 1998 - 12:00am
BUSINESS as usual. That was the command to staff from Peregrine's management yesterday along with an optimistic directive to turn up for work on Monday.
An air of resignation clouded the headquarters of the investment bank's headquarters in the New World Tower, Central.11 Jan 1998 - 12:00am
One of the great under-statements of last year came from Jardine Fleming's then managing director, Henry Strutt, following the fund management scandal that cost the firm its international reputation.6 Jan 1997 - 12:00am
The whys and wherefores of China's relations with other countries are under scrutiny from Zhao Quansheng in Interpreting Chinese Foreign Policy (Oxford University Press $125).28 Sep 1996 - 12:00am
Senior executives at the Singapore office of Barings, the merchant bank that collapsed last year with losses of GBP830 million (about HK$9.86 billion), were yesterday alleged to have conspired in a huge 'cover-up' that prevented the fraud being detected earlier.26 Jun 1996 - 12:00am
Former Barings chief executive Peter Norris has denied he was incompetent, saying it was 'impossible' for banks to prevent fraud starting within their organisations.12 Jun 1996 - 12:00am
The three year ban and GBP10,000 fine on Peter Norris is seen as a welcome start to the punishment process needed to make atonement for the vast litany of failures that caused the collapse of Barings.8 May 1996 - 12:00am