The Spider Network: The Wild Story Of A Math Genius, A Gang Of Backstabbing Bankers, And One Of The Greatest Scams In F by David EnrichThe Spider Network: The Wild Story Of A Math Genius, A Gang Of Backstabbing Bankers, And One Of The Greatest Scams In F by David Enrich

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

byDavid Enrich

Hardcover | March 21, 2017

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SHORT-LISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR

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.

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 Carré 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.

Title:The Spider Network: The Wild Story Of A Math Genius, A Gang Of Backstabbing Bankers, And One Of The…Format:HardcoverDimensions:528 pages, 9 × 6 × 1.31 inPublished:March 21, 2017Publisher:HarperCollinsLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0062452983

ISBN - 13:9780062452986

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Rated 5 out of 5 by from Good explanation and solutions Good explanation and solutions
Date published: 2017-01-11

Editorial Reviews

“A thrilling tour de force of reporting, revelation and reasoning. For anyone who wants to understand what really went on inside a scam of epic proportions, The Spider Network is unmissable.”