Going for Broke

An insider's account of how one derivatives trader from Watford brought about the downfall of Britain's oldest and most venerable merchant bank.

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This work charts the development of Baring's Securities: its employment policies, work ethics, and the professional environment created by Christopher Heath. It describes the climate of greed which fostered the rise of Nick Leeson, the political struggles within the company which accomodated his rise to power, and the circumstances which allowed his fraudulent activities to go unchecked for over two years, culminating in the dramatic collapse of the Queen's bankers.