The Spider Network Author: David Enrich

Product Details: ISBN: 9780753557501 Format: Paperback Pages: 496 Dims (mm): 153 x 234 Pub Date: 23-03-17 Pub Country: United Kingdom Condition: NEW

Description: Listed as an FT book of the month. "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 expose". (Harlan Coben, bestselling thriller author). "A gripping narrative ...impressive reporting and writing chops are on full display ...reads like a fast-paced John le Carre thriller, and never lets up". (New York Times book review). "A feat of reporting, and much of it reads like a novel". (Leigh Gallagher, Washington Post). "A model of investigative financial writing...a more satisfying read than THE BIG SHORT by Michael Lewis". (Literary Review). "Remarkable". (Sunday Times). "Jaw-dropping". (Financial Times). 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 kno

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