March 9, 1995 |
There was poetic symmetry in a move by Parliament to outlaw the English gentleman's sport of fox hunting last week just as authorities hunted down the fugitive who reputedly outfoxed the ultimate English gentleman's bank. These otherwise unrelated events provided a sterling reminder of how, despite the leveling effects of two world wars, the issue of class still thoroughly permeates British life, from country sports to the City--London's equivalent of Wall Street.
February 22, 1998 |
Nick Leeson, one feels, would relish the scene. It's a busy trading floor, strewn with a thousand discarded trading slips. In the pit, surrounded by banks of computer screens, crowds of young Asian dealers in garish striped jackets make hurried notes, wave and scream: "Sells nine-fifty bid for 500! Sell!" The noise deafens. High around the room, stock figures fluctuate on TV monitors. A big board shows the Nikkei index--18,370 and rising. The din intensifies.
August 31, 1995 |
British Investigators Talk to Barings Trader: Jailed Barings bank trader Nicholas Leeson began talking to British fraud investigators, hoping to convince them that he deserves prison in Britain rather than Singapore, where he fears harsh treatment if convicted. The daylong session was held at Hoechst prison with two London police officers and an officer from the Serious Fraud Office, which investigates complex financial crimes in Britain.
July 13, 1995 |
Former Barings trader Nicholas Leeson offered Wednesday to help London regulators if he could stand trial in Britain instead of in Singapore. In an emotional letter read by his wife, Lisa, at a packed news conference, Leeson said he simply wants to come home. "At the end of the day, there are only two things that are precious to me--they are my wife and my family. I only ask that I be returned to the U.K. so that I can take my punishment. "I did not steal any money," Leeson wrote.
March 14, 1995 |
Trader Nicholas W. Leeson told a judge Monday that he won't respond to a charge of committing forgery against Barings bank until Germany obtains a formal extradition request from Singapore. The 28-year-old Briton, detained March 2 on his way home, would prefer to stand trial in Britain for his alleged role in the collapse of the venerable British bank. Monday's hearing was partly to see whether Leeson opposed extradition to Singapore.