Episodes  /  Nº 117
Money

I Lost £862 Million and Collapsed a Bank

Nick Leeson
Episode 117 · 1h 36m · Published 1st October 2025 · Recorded in London
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Nick Leeson

About this episode

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.