Side Notes by Zerodha Varsity

How a Rogue Trader caused the collapse of UK-based Barings Bank?


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Nick Leeson was a young trader at Barings Bank who was tasked with setting up a trading desk in Singapore. He was an aggressive risk-taker who told small, harmless lies that soon became big enough to bankrupt the bank. He exhibited several behavioral biases that also led him to run a full-fledged scam. When in prison, he wrote a book called Rogue Trader, detailing how he orchestrated the whole scam at Barings.

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Disclaimer: The stocks or financial instruments discussed in this podcast are meant for educational purposes only. Please do not consider them recommendations or financial advice of any form.

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Side Notes by Zerodha VarsityBy Zerodha Varsity