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The Spider Network: The Wild Story Of A Maths Genius, A Gang Of Backstabbing Bankers, And One Of The

Paperback Book  |  Maths  |  18 Apr 2017
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The Spider Network: The Wild Story Of A Maths Genius, A Gang Of Backstabbing Bankers, And One Of The/Product Detail/Maths
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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.

Title: The Spider Network: The Wild Story Of A Maths Genius, A Gang Of Backstabbing Bankers, And One Of The

Format: Paperback Book

Release Date: 18 Apr 2017

Type: David Enrich

Sku: 2340990

Catalogue No: 9780753557501

Category: Maths


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