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 Corporation Documentary: Unmasking Corporate Impact
Aug 05, 2023 2304

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⤏
The Wall Street Code - VPRO Documentary
Jul 20, 2021 2163

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⤏
Meltdown: The Secret History of the Global Financial Collapse
Apr 29, 2023 2987

Meltdown: The Secret History of the Global Financial Collapse

It travels the world - from Wall Street to Dubai to China - to investigate the secret history of the global financial collapse. It tells the story of the bankers who crashed the world, the leaders… ⤜More⤏
Bubbles and Crashes - Planet Finance Documentary
Apr 22, 2024 1227

Bubbles and Crashes - Planet Finance Documentary

Step into the dynamic and exhilarating realm of finance with "Bubbles and Crashes | Planet Finance", a captivating documentary that takes viewers on a thrilling journey through the highs and lows of… ⤜More⤏
Four Horsemen Documentary
Jun 11, 2023 2395

Four Horsemen Documentary

“Four Horsemen” is a compelling and thought-provoking documentary that unveils the hidden forces orchestrating our world’s economic landscape and posing significant threats to our collective future.… ⤜More⤏
Nature of the Beast: A Deep Dive into the Financial Universe
Mar 16, 2024 1472

Nature of the Beast: A Deep Dive into the Financial Universe

Dive into the intricate world of global finance with "Nature of the Beast | Planet Finance" Documentary. This captivating documentary offers a fascinating exploration of the evolution of financial… ⤜More⤏

Comments

TradingVortex.com® 2019 © All Rights Reserved.