THE SPIDER NETWORK
'Anyone with an interest in financial services and in what has gone wrong will find The Spider Network compelling' - Daniel Finkelstein, The Times
'Will snare you in its web of deceit, lies, corruption, manipulation and colourful characters. [A] brilliant investigative exposé' - Harlan Coben, bestselling thriller author
In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor - the London interbank offered rate, which determines the interest rates on trillions in loans worldwide - was set daily by a small group of easily manipulated administrators, and that they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of a wild alliance that included a prickly French trader nicknamed “Gollum”; the broker “Abbo,” who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as “Derka Derka”; a broker known as “Village” (short for “Village Idiot”) who racked up huge expense account bills; an executive called “Clumpy” because of his patchwork hair loss; and a broker uncreatively nicknamed “Big Nose” who had once been a semi-professional boxer. This group generated incredible riches - until it all unraveled in spectacularly vicious, backstabbing fashion.
With exclusive access to key characters and evidence, The Spider Network is not only a rollicking account of the scam, but also a provocative examination of a financial system that was crooked throughout.
Автор | David Enrich |
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Страници | 496 |
Корица | мека |
Език | английски |
Година | 2017 |
Дата на получаване | 18.03.2017 г. |
Издателство | W H Allen |
ID на книга | 22325355 |
ISBN | 9780753557501 |
Категории | Други Книги на английски език |