The spider network : the wild story of a maths genius and one of the greatest scams in financial history
Enrich, David, 1979-2018
Book
In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realisation: 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. This group generated incredible riches until it all unravelled in spectacularly vicious, backstabbing fashion. With exclusive access to key characters and evidence, this book is not only a rollicking account of the scam, but also a provocative examination of a financial system that was crooked throughout.
Main title:
Author:
Enrich, David, 1979-, author
Imprint:
London : WH Allen, 2018.
Collation:
xv, 479 pages ; 20 cm
Notes:
Originally published: 2017.Includes bibliographical references and index.
ISBN:
9780753557518 (pbk)
Dewey class:
364.168
Language:
English
BRN:
2625685