Going Rogue. Big Banks, Murky Finance, and Reckless Trading
Description
It wasn't a hostile takeover or a run on the bank that destroyed Barings, one of Britain's most solid financial institutions. All it took was Nick Leeson, a 20-something trader operating in Singapore, to burn through more than a billion dollars and bring the company down. Of course, that was in 1995. Today, with increased regulations and super-sophisticated monitoring systems, Leeson's transgressions would never be allowed to happen. Right? Wrong-as recently as the fall of 2011, a rogue trader was nabbed for gambling away 2.3 billion dollars at the giant European bank UBS. This program shows how such egregious offenses continue to plague the global financial system thanks to a pervasive culture of greed, risk addiction, and criminality. Interviews with Leeson and other industry insiders clearly illustrate the institutional problems while a trader-turned-neuroscientist discusses the psychology behind out-of-control investing.
Runtime
26 min
Subjects
Genre
Date of Publication
[2013], c2011
Database
Films on Demand
Direct Link
Similar Films
Tax Havens. Where Money Hides in Style
Danger behind closed doors. Hidden agendas and power plays
Understanding Financial Information
Business principles. RT2 02 - Neffendorf. Business 15
Corporations should pay no taxes. Golub
Jules Kroll Discusses Personal Beginnings In Entrepreneurship
Firestone and the Warlord
Greg Hartz Provides Overview of Tompkins Financial Corporation
Financing Clean Development
When a merger fails. Demerging and receivership
Financial management
Eliminate Corporate Subsidies. A Debate
The Bubble Decade. America's Economy after 2000
Backfired. When VW lied to America