The Spider Network (English, Paperback, Enrich David)

489.00699.00

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  • Language: English
  • Binding: Paperback
  • Publisher: Ebury Publishing
  • Genre: Business & Economics
  • ISBN: 9780753557501, 9780753557501
  • Edition: 2017
  • Pages: 496

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489.00699.00

Description

Shortlisted for the FT & McKinsey Book Prize!`Will snare you in its web of deceit, lies, corruption, manipulation and colourful characters. [a] brilliant investigative expose’ – Harlan Coben, bestselling thriller author `Reads like a fast-paced John le Carre thriller, and never lets up’ – New York Times book review 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.

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Additional information

Genera

Business & Economics

Publication

RANDOM HOUSE

ISBN

9780753557501

Language

English

Binding

Paperback

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