Barings Rogue Trader Leeson Apologizes to Former Boss, BBC Says

Nick Leeson, the trader whose $1 billion of bad trades in 1995 caused the collapse of Barings Bank, apologized to his former boss, the BBC reported.

A BBC radio program brought together Leeson and Peter Norris, now chairman of Virgin Group Holdings, and Leeson apologized for the first time, the BBC said on its website. Leeson served more than three years in a Singapore prison for hiding losses for forging documents and deceiving auditors, the BBC said. Barings was Britain’s oldest merchant bank.

To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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