Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Barings Rogue Trader Leeson Apologizes to Former Boss, BBC Says

Aug. 6 (Bloomberg) -- 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.