SCOUT· 68%1h 14m·2026-04-20·MoneyI Lost £862 Million & Collapsed a 233-Year-Old Bank
In 1995, Nick Leeson brought down the UK’s oldest merchant bank, Barings, with £862 million in hidden losses. The final hit to Barings was £827 million, triggering one of the biggest financial collapses in history. He explains how it really happened and how things spiralled over time. Was it fear of failure, the…
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What people are saying
“Probably should of explained to a layman actually what he did.”
“Extraordinary that doing this only yielded him 6.5 year sentence. Only serving 3 years. How many lives ruined due to these actions? And now he probably does pretty well selling the story... Justice right there...”
“When 862 million was a lot of money. My governnent wastes literally billions every day and no-one ever goes to jail for any of it”
“Get Woodford on the channel...”
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