TRADING RESOURCES

Stay Informed!

newsletter

Be the First to benefit from the Best Professional Trading Tools for Free! Sign up for Free today!

Thursday, 22 July 2021 14:08

25 Million Pounds - BBC Documentary

25 Million Pounds Documentary details the collapse of Barings Bank in the mid 1990s primarily by a broker called Nick Leeson, who lost $1.3 billion by speculating on futures contracts. The film contextualizes the downfall as the history of Barings Bank was one of the oldest and most prestigious merchant banks in Britain, run by the same family for decades with extensive ties to Britain's elites. But in the late 19th century Barings almost went bankrupt after investing heavily in South American bonds, including backing the construction of a sewer system in Buenos Aires. The bank was saved by The Bank of England, but Edward Baring, the head of the bank, was financially ruined and never recovered. This film explores the culture of Barings and of the financial markets during the 1990s, and how Nick Leeson was able to cause another huge loss of money to the bank, this time bankrupting the company. He did this by claiming fictitious profits on the Singapore International Monetary Exchange and using money requested from London as margin payments on fictitious trades to finance his loss-making positions. It's also the profile of a stereotypical corporate psychopath, as Leeson himself explains how he was able to manipulate those around him to achieve his ends and rationalize his actions.

Last modified on Wednesday, 20 October 2021 18:52
Add a Comment!“We encourage you to join the conversation! If you have any questions, ideas, or thoughts related to this article, Please Leave a Comment Below!
 

MORE DOCUMENTARIES

The Wall Street Code - VPRO Documentary
Jul 20, 2021 2817

The Wall Street Code - VPRO Documentary

The Wall Street Code is a thriller about a genius algorithm builder who dared to stand up against Wall Street. Haim Bodek, aka The Algo Arms Dealer. After Quants: the Alchemists of Wall Street and… ⤜More⤏
The Intriguing World of Disaster Finance Documentary
Apr 03, 2024 2078

The Intriguing World of Disaster Finance - Documentary

Delve into the captivating world of disaster finance with "Catastrophe for Sale | Planet Finance," a thought-provoking documentary that offers a unique glimpse into the intersection of financial… ⤜More⤏
The Database: Collecting The World’s Financial Data
Jul 30, 2021 3005

The Database: Collecting The World’s Financial Data

What do you do if your bank account suddenly gets closed and you and your business can no longer function and you have no idea why? You discover it is because you are on a database that you did not… ⤜More⤏
The Biggest IPO Ever: China Steps on the Emergency Brake
Mar 28, 2024 2039

The Biggest IPO Ever: China Steps on the Emergency Brake

Step into the world of high finance with "The Biggest IPO Ever: China Steps on the Emergency Brake," a captivating documentary that delves into the rise and fall of the Ant Group IPO. Join us as we… ⤜More⤏
The Corporation Documentary: Unmasking Corporate Impact
Aug 05, 2023 3226

The Corporation Documentary: Unmasking Corporate Impact

“The Corporation” is a compelling and thought-provoking documentary directed by Mark Achbar and Jennifer Abbott. Released in 2003, the film meticulously dissects the multifaceted nature of… ⤜More⤏
Fortune Seekers: Japan's Influence on the Forex Markets
Mar 21, 2024 2136

Fortune Seekers: Japan's Influence on the Forex Markets

Embark on an enlightening journey into the world of forex trading with "Fortune Seekers: Japan's influence on the forex markets documentary". Dive deep into the intricate dynamics of the global… ⤜More⤏

Comments

TradingVortex.com® 2019 © All Rights Reserved.