Story Structure — 5 Plot Phases
From Clerk to Singapore
Nick starts as a junior clerk at Barings and becomes involved in the bank's expansion into Asian markets. After working in Jakarta, he is sent to Singapore to establish a trading operation, and Lisa joins him there.
Key Events
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Nick Joins Barings — Nick begins as a junior clerk at the British bank. Characters: Nick Leeson
Location: Barings Bank
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Expansion into Asia — Nick becomes part of Barings' expansion into Asian markets. Characters: Nick Leeson
Location: Asian markets
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Jakarta Assignment — Nick works in Jakarta before being sent to Singapore. Characters: Nick Leeson
Location: Jakarta
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Singapore Trading Operation — Nick is sent to help establish a trading operation in Singapore. Characters: Nick Leeson
Location: Singapore
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Lisa Joins Nick — Nick's wife Lisa joins him as his new position brings status and opportunity. Characters: Nick Leeson, Lisa Leeson
Location: Singapore
Success Under Pressure
Nick gains praise and bonuses as a market maker while he and Lisa enjoy their new life. As pressure to keep the business profitable grows, his trading begins to lose money.
Key Events
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Lisa Joins Nick — Nick's wife Lisa joins him as his new position brings status and opportunity. Characters: Nick Leeson, Lisa Leeson
Location: Singapore
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Early Trading Success — Nick earns praise and bonuses as a successful market maker. Characters: Nick Leeson
Location: Singapore trading operation
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Pressure to Stay Profitable — Growing pressure to keep the business profitable accompanies Nick's trading losses. Characters: Nick Leeson
Location: Singapore trading operation
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Losses Concealed — Nick uses a customer account to hide losses, expecting future profits to recover them. Characters: Nick Leeson
Location: Singapore trading operation
The Concealed Account
Nick hides losses in a customer account, telling himself he can recover the money through future profits. He takes increasingly risky positions, and misleading reports help the operation appear successful.
Key Events
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Losses Concealed — Nick uses a customer account to hide losses, expecting future profits to recover them. Characters: Nick Leeson
Location: Singapore trading operation
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Risky Positions Grow — Nick takes increasingly risky positions while the hidden losses mount. Characters: Nick Leeson
Location: Singapore trading operation
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Misleading Reports — Nick persuades colleagues to keep the operation funded as misleading reports suggest success. Characters: Nick Leeson
Location: Singapore trading operation
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Lisa Suspects Secrecy — Lisa grows concerned about Nick's strain and secrecy at work. Characters: Nick Leeson, Lisa Leeson
Location: Singapore
Secrecy Comes Apart
Lisa becomes concerned about Nick's strain and secrecy, then learns he has concealed serious losses. Questions at the office focus on unusual transactions and a five-digit account that is not a genuine customer account.
Key Events
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Lisa Suspects Secrecy — Lisa grows concerned about Nick's strain and secrecy at work. Characters: Nick Leeson, Lisa Leeson
Location: Singapore
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Lisa Learns the Truth — Lisa discovers that Nick has been hiding serious losses, damaging their relationship. Characters: Nick Leeson, Lisa Leeson
Location: Singapore
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Five-Digit Account Questioned — Questions arise about unusual transactions and an account that is not a genuine customer account. Characters: Nick Leeson
Location: Singapore trading operation
The Losses Revealed
Senior officials examine the accounts, and Nick's explanations can no longer contain the deception. The hidden position is revealed as a loss of roughly £230 million, placing Barings in grave danger.
Key Events
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Senior Officials Examine Accounts — Senior officials examine the accounts, and Nick's deception can no longer be contained. Characters: Nick Leeson
Location: Singapore trading operation
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Massive Losses Exposed — The hidden position is exposed as a loss of roughly £230 million, placing Barings in grave danger. Characters: Nick Leeson
Location: Singapore trading operation