Rogue Trader tells the true story of Nick Leeson, an employee of Barings Bank who--after a successful trading run--ends up accumulating $1.4 billion in losses hidden in account #88888.
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Rogue Trader I thought was done well from the perspective that it told the story, it highlighted the important events that occurred, and it explained financial terms to viewers who do not have a financial background. As a student of finance and economics, I thought the film to be informative, not overly flamboyant (like Wolf of Wall Street), and therefore entertaining. I would recommend this movie to anyone interested in trading or the financial markets, as a story of the ramifications of one's actions.
Considering what the movie is based on, I was expecting this movie to be a dull movie set in offices and banks, I'm pleased to say I was pleasantly surprised. Ewan McGregor turns in another good performance as the infamous and beleaguered Nick Leeson the trader whose underhanded trading tactics, dishonesty, desperation and plain greed brought down Barings Bank. The movie is also an insight into the fast paced world of stocks and shares trading,and showing it for what it is, glamorized gambling, not much different than a casino when your luck can change in the blink of an eye. The soundtrack adds an ominous feel to the action as Leeson's lies and deceit ultimately end up catching up with him, with devastating consequences for those who trusted him. In summary this movie is well worth a watch and should serve as a warning to live within your means and any risks you take with finance should be calculated.
I worked as an auditor at Big4 for several years, and my fiancée is a former investment banker and PE investor. We both found this movie to be very true and realistic when describing the stress and intensity that people face when working on Wall Street. We related to him and felt him pain! Not that what he did was right, but the movie did an excellent job presenting the Wall Street stress and reality which most of the Wall Street movies fail to do. What am I talking about? The extremely high expectations: you are never good enough, you can never stop, and there is always more profit to be generated. The way that he was treated: no matter how well you do, your direct boss will give you more pressure because your performance is related to their bonus, although they haven't contributed a thing in the process besides telling you to come in to work on Sunday during a funeral weekend.Anyway, if you are interested in a career on Wall Street or Big 4, please watch this movie, so you will know what you are getting yourself into!
I spent twenty years working in the City of London and was actually working for Barings at time of the scandal. Naturally it shook the city, I will always remember the Monday morning, cutting through the press corps outside the building asking such idiot questions like 'Have you heard the news about Barings ?' But back to the film, it tells the story of Nick Leeson the man who broke Barings. He tells of all the problems he suffered with untrained staff, mistakes, and how he tried to cover for his staff. Nothing was ever his fault. This part of the film was pure fiction, mistakes always get made and the mistake Kim made at the start would not necessarily have resulted in her firing. Nick himself remains blameless in the film when what he should have been doing was telling his boss to hire some decent people. The fault with the Barings scandal of course lies with the management. They believed it because they wanted to. No dealer can make 20 million in a week unless he is gambling in excess of 2 billion or committing a fraud. A good film for those uninitiated in the way the financial world works but not totally accurate. I hear Nick Leeson is working for a football club in Ireland now. I harbour no grudges for the fact I didn't get my entire bonus that year or the fact ING made me redundant when they took Barings over !!!