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Rogue trader Nick Leeson says 14-year prison sentence for trader who rigged Libor rate is 'a bit heavy'
A rogue trader who brought down a centuries old bank has said the 14-year prison sentence for City worker who rigged the Libor rate is a 'bit heavy'. Nick Leeson spent three and a half years in prison in Singapore for a series of unauthorised dealings which led to the collapse of Barings Bank in 1995 after they suffered a £827million loss. Now the former trader, who works as an after-dinner speaker, has spoken out after former UBS trader Tom Hayes was yesterday jailed for 14 years at Southwark Crown Court. The 35-year-old dubbed ‘Rainman’ was described as the ‘ringmaster’ of a larger group who ‘cajoled’ ... (full story)
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- Aug 5, 2015 9:24am Aug 5, 2015 9:24am
- NewtonsCash
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- redfx1989
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take what you can take, before market take it back