The Peter McCormack Show1 Okt 2025

#117 - Nick Leeson - I Lost £862 Million and Collapsed a Bank

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.

We cover: – How it started with a £10K loss – What went wrong, who knew & how it was hidden – Why the bank kept giving him money – Being on the run – Life in prison & how it changed him – Reflecting on success, failure & fatherhood

CONTACT PETE › Website - http://petermccormack.com › Feedback - https://www.petermccormack.com/contact › Email - me@petermccormack.com › Instagram - /mccormack555 › X/Twitter - https://x.com/petermccormack/

CONNECT WITH NICK LEESON › X/Twitter - https://x.com/TheNickLeeson

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/ › Casa - https://casa.io/ › Incogni - https://incogni.com/peter

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TIMESTAMPS: 00:00:00 – Intro 00:06:00 – From Maths Failure to Banker 00:08:18 – Headhunted by Barings 00:10:15 – Entering the Trading Pit 00:14:33 – The First £10K Loss 00:21:23 – Fear of Failure 00:26:35 – He Was Half the Market 00:35:18 – Options Strategy to Survive 00:39:41 – From £20M Loss to Breakeven 00:47:29 – Barings Sends All Their Cash 00:51:04 – It Was a Confidence Trick 00:55:01 – The Moment He Fled 01:00:00 – Headlines Hit the Newsstands 01:02:24 – Getting Caught 01:05:39 – Arrested on the Tarmac 01:08:29 – Jail in Germany 01:11:00 – Prison, Introspection & Change 01:13:31 – Did Anyone Lose Money? 01:20:30 – Life After Prison 01:23:32 – Speaking, Rebuilding & Psychology 01:25:42 – Letting Go of the Past 01:27:47 – Being a Dad Now 01:35:23 – Closing Thoughts

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

LISTEN / SUBSCRIBE TO THE PODCAST › Apple Podcasts: https://apple.co/40ruY9K › Spotify: https://spoti.fi/3Wc94Vu › Fountain: https://bit.ly/FountainPM › YouTube: https://bit.ly/YouTube_PM › Rumble: https://bit.ly/RumblePM

FILMED BY CURTIS TAYLOR › https://www.curttaylor.co.uk/ › https://x.com/curttayloruk/

EDITED BY CONOR MCCORMACK › https://x.com/ConorM04

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Hosted on Acast. See acast.com/privacy for more information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1078)

#200 - Sebastian Thrun - The Singularity Is Here & We Are Completely Unprepared

Sebastian Thrun has spent his career working on technologies that once sounded like science fiction, from self-driving cars and flying vehicles to online education and artificial intelligence. He now ...

11 Aug 1h 34min

#199 - Aubrey de Grey - The Man Who Says Ageing Can Be Cured

Aubrey de Grey believes ageing is accumulated damage in a biological machine and argues that medicine may eventually become capable of repairing that damage faster than it appears. He gives humanity a...

6 Aug 1h 17min

#198 - Michael Shermer - Truth, Conspiracies & The Things We Can't Explain

Michael Shermer is the founding publisher of Skeptic magazine, host of The Michael Shermer Show and author of Truth and Conspiracy. He joins Peter to ask whether we are really living in a post-truth w...

4 Aug 1h 27min

#197 - Brian Keating - What Came Before the Big Bang & Does Time Exist?

Brian Keating joins me to explore one of the deepest unanswered questions in physics: what is time, and why does it only appear to move in one direction? Brian argues that time may not exist as a fund...

30 Jul 1h 39min

#196 - Sam Bowman - The U.K. Is Becoming a Poor Country

Sam Bowman joins me to discuss why Britain is approaching two lost decades of stagnant median wages and why the country is now far poorer than it should be. Sam argues that Britain does not lack talen...

28 Jul 2h 9min

#195 - Lisa McKenzie & Keith Gildart - Who Is Britain For? The Destruction of the Working Class

Britain did not simply leave its working class behind. Sociologist Lisa McKenzie and historian and former coal miner Keith Gildart argue that political and economic decisions deliberately dismantled t...

25 Jul 2h 13min

#194 - Charles Goodhart: The Money Endgame - Debt, Inflation & Central Bank Failure

Charles Goodhart joins me to discuss why Britain’s decline did not start in 2008, why the post-war economic boom may have been a temporary lucky era and why the next 30 to 40 years could be far harder...

21 Jul 1h

#193 - David Goodhart - AI Is Coming For The Graduate Elite

David Goodhart joins me to discuss whether AI is about to do to the graduate class what globalisation did to factory workers, and why Britain’s political settlement may be breaking apart.David explain...

14 Jul 1h 39min