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Home > Biographies & Memoire > Biography and non-fiction prose > True stories: general > True crime > The Spider Network: The Wild Story of a Maths Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History
The Spider Network: The Wild Story of a Maths Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History

The Spider Network: The Wild Story of a Maths Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History


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About the Book

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 exposU' - Harlan Coben, bestselling thriller author 'A gripping narrative ... impressive reporting and writing chops are on full display ... reads like a fast-paced John le CarrU 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 oGollumo; the broker oAbbo,o who liked to publicly strip naked when drinking; a nervous Kazakh chicken farmer known as oDerka Derkao; a broker known as oVillageo (short for oVillage Idioto) who racked up huge expense account bills; an executive called oClumpyo because of his patchwork hair loss; and a broker uncreatively nicknamed oBig Noseo 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.

About the Author :
DAVID ENRICH is the Financial Enterprise Editor of the Wall Street Journal, heading an elite investigative unit at the paper. His coverage of the Libor scandal, based partly on years of secret access to Tom Hayes and his family, won the Gerald Loeb Award for feature writing in 2016.

Review :
Anyone with an interest in financial services and in what has gone wrong will find The Spider Network compelling. a surprisingly human narrative … truly memorable … a vivid depiction of the ethos of the core financial institutions upon which the global economy depends a model of investigative financial writing... a more satisfying read than THE BIG SHORT by Michael Lewis will snare you in its web of deceit, lies, corruption, manipulation and colourful characters. [a] brilliant investigative exposé supremely gripping ... a thrilling tour de force of reporting, revelation and reasoning ... unmissable


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Product Details
  • ISBN-13: 9780753557501
  • Publisher: Ebury Publishing
  • Publisher Imprint: W H Allen
  • Height: 234 mm
  • No of Pages: 496
  • Sub Title: The Wild Story of a Maths Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History
  • Width: 153 mm
  • ISBN-10: 0753557509
  • Publisher Date: 23 Mar 2017
  • Binding: Paperback
  • Language: English
  • Spine Width: 36 mm
  • Weight: 638 gr


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The Spider Network: The Wild Story of a Maths Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History
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The Spider Network: The Wild Story of a Maths Genius, a Gang of Backstabbing Bankers, and One of the Greatest Scams in Financial History
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