1:06:00
l,...
1:06:01
..Nicholas Leeson,...
1:06:04
..have lost...
1:06:06
..50 million quid...
1:06:08
..in one day!
1:06:15
What does he do, exactly?
1:06:17
That's what no one seems able to explain.
1:06:19
lt's simple. He switches contracts
between Osaka and SlMEX,...
1:06:23
..exploiting price differentials
between the two markets.
1:06:26
That's how he offers the best deals
to our customers.
1:06:29
lf it's that easy,
why isn't everybody doing it?
1:06:32
Because he's absolutely in the vortex
of the information curve over there.
1:06:36
He's discovered a whole
new way of making money.
1:06:40
Well, he's giving us horrendous
funding problems, that's all l know.
1:06:45
He doesn't do things by the book, Ron.
He just doesn't respect the rules.
1:06:49
ls he really the kind of person
we should be employing at Barings?
1:06:53
Oh, fuck the rules. lt's barrow boys like
Nick who are turning the City around.
1:06:57
You can't run a modern financial centre
with a bunch of Hooray Henries.
1:07:06
Bastard!
1:07:08
Wakey-wakey!
1:07:10
- What's the action, mate?
- You tell me.
1:07:12
The market's up and down
like a tart's knickers.
1:07:15
- l think the worst is over.
- Who knows? You could be right.
1:07:18
Well, that's my hunch anyway.
1:07:20
Listen, l was out last night with that Loy.
1:07:23
You know, that journo from Reuters.
1:07:25
He's convinced
there's no mystery customer.
1:07:27
He reckons it's you. He thinks
you're trading on your own account.
1:07:31
Without the bank's approval.
1:07:35
Now, you're not that crazy, are you?
1:07:37
What do you think?
1:07:39
Who, then? Beaumarchais?
l thought he'd given you the elbow.
1:07:42
- l can't tell you.
- Come on. lt's me, Danny Boy!
1:07:45
l could tell you... but l'd
have to shoot you afterwards.
1:07:51
l know one thing.
lf Customer X didn't exist,...
1:07:54
..you'd have to invent him.
1:07:58
45 million?
You've already had 100 this week.