Falling from Grace
13 September 2012
The difficult subject of white-collar offending. What tempts the lucky, the talented and the well-paid to break the rules?
In 1995, Barings, one of the City of London’s oldest and most respected merchant banks, was forced to close after it was discovered that Nick Leeson, the General Manager of its futures arm in Singapore, had built up losses on illegal trading amounting to £830 million.
And in July this year, James Archer - a highly successful trader with Credit Suisse First...