The Spider Network - How a Math Genius and a Gang of Scheming Bankers Pulled Off One of

The Wall Street Journal 's award-winning business reporter unveils the bizarre and sinister story of how a math genius named Tom Hayes, a handful of outrageous confederates, and a deeply corrupt banking system ignited one of the greatest financial scandals in history. The paperback edition includes a new chapter discussing further fallout from the scandal. In 2006, an oddball group of bankers, traders and brokers from some of the world's largest financial institutions made a startling realization: Libor--the London interbank offered rate, which determines interest rates on trillions in loans worldwide--was set daily by a small group of easily manipulated functionaries. Tom Hayes, a brilliant but troubled mathematician, became the lynchpin of shadowy team that used hook and crook to take over the process and set rates that made them a fortune, no matter the cost to others. Among the motley crew was a French trader nicknamed "Gollum"; the broker "Abbo," who liked to publicly strip naked when drinking; a Kazakh chicken farmer turned something short of financial whiz kid; an executive called "Clumpy" because of his patchwork hair loss; and a broker uncreatively nicknamed "Big Nose." Eventually known as the "Spider Network," Hayes's circle generated untold riches --until it all unraveled in spectacularly vicious, backstabbing fashion. Praised as reading " like a fast-paced John le Carre thriller" ( New York Times ), "compelling" ( Washington Post ) and "jaw-dropping" ( Financial Times ), The Spider Network is not only a rollicking account of the scam, but a provocative examination of a financial system that was warped and shady throughout.

Produktdetails

• Autoren: David Enrich
• Verlag: Harper Collins Usa
• Sprache: Englisch
• Produktform: Taschenbuch
• Erschienen: 31.03.2018
• EAN: 9780062452993
• ISBN: 978-0-06-245299-3
• Seiten: 528
• Abmessung: 135 mm x 203 mm x 27 mm
• Themen: Sozialwissenschaften, Recht,Wirtschaft > Wirtschaft; True Crime, Economics, Banking, Corporate crime / white-collar crime, History of specific companies / corporate history, BUSINESS & ECONOMICS: Economics / General, ECONOMICS: HISTORY, BUSINESS & ECONOMICS: Economic History, BUSINESS & ECONOMICS: Finance / General, BUSINESS & ECONOMICS: Corporate & Business History, HISTORY: BUSINESS, TRUE CRIME: White Collar Crime, EDUCATION: Finance, BUSINESS & ECONOMICS: Banks & Banking, FINANCE & INVESTING: GENERAL, Funding of education and student finance, Economics / History, Finance & Investing / General, History / Business