was relaxing at a luxury resort in malaysia when he heard that barings bank britain's oldest bank, has lost $1.2 billion and was in administration. he was shocked, but leeson should not have been : it was his massive speculative losses on the futures market over a brief three-year period that wiped out the net worth of this venerable bank.
leeson worked at the singapore branch of barings bank the blue-blooded british merchant bank founded in 1763 that catered to royalty and was at the pinnacle of the london financial world. among its many accomplishments