All That Glitters. The Fall Of Barings

Gapper John, Denton Nicholas

$15.50
In Stock


In Stock: 1


Cover Type: Hardcover
Book Condition: Very Good
Jacket Condition: Very Good
Publisher: Hamish Hamilton
Publisher Place: London
Publisher Year: 1996
Edition: First Edition

Description: 364 pages. Book and Jacket are both in Very good condition throughout. This Is A Magnificent Work Of Investigation And Reconstreuctioin, Taking Us Behind Headlines Which Seemed As Exotic As Myth Or Fairy-tale To Show How A Venerable British Institution Was Brought To Grief.

Publishers Description: From the back cover:"When a single ‘rogue trader’ brought down Barings, Britain’s oldest merchant bank, it was two Financial Times journalists who discovered crucial details about Nick Leeson’s secret account and the rescue talks with the Sultan of Brunei. In this book they tell the full story.Even in the 1980s, the cosy patrician clique at Baring Brothers could not control Baring Securities, where young and thrusting children of the Thatcher revolution were storming into new markets and generating unprecedented profits. Communications and lines of accountability eventually became so confused that directors earning huge bonuses blindly transferred £700 million into Leeson’s black hole. This vivid narrative cuts through the strange jargon of straddles and strangles, ‘rocket scientists’ and ‘gamma geeks’, to uncover vicious power struggles, towering egos and monumental incompetence."

ISBN: 9780241136997

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