Leeson 'thanks' fellow rogue trader Kerviel for profile boost
0 Comments | AFP, June, 2008
HONG KONG (AFP) — Disgraced banker Nick Leeson, who brought down Britain's oldest bank, on Tuesday joked that the rogue trader who rocked France's Societe Generale had helped revive his profile.
Leeson, whose 1.5 billion dollars of failed trading forced the closure of Barings Bank in 1995, said Jerome Kerviel's disastrous deals were the latest example of the failure of banking oversight.
"Jerome Kerviel has also brought back some prominence to my story and I thank him for that," Leeson told bankers at the Asia Pacific Trading Summit in Hong Kong.
"I am not sure that he meant to remind people of my time in Singapore. But it (rogue trading) does happen, and is probably something that occurs far too frequently."
In 1995 it was discovered that Londoner...
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