The Fix : How Bankers Lied, Cheated and Colluded to Rig the World's Most Important Number

Finch, Gavin, Vaughan, Liam

ISBN 10: 1118995724 / ISBN 13: 9781118995723

Published by Wiley & Sons, Incorporated, John, 2017

About this Item

Ships from the UK. Former library book; may include library markings. Used book that is in excellent condition. May show signs of wear or have minor defects.

Seller Inventory # 12996284-6

Bibliographic Details

• Title: The Fix : How Bankers Lied, Cheated and Colluded to Rig the World's Most Important Number
• Publisher: Wiley & Sons, Incorporated, John
• Publication Date: 2017
• Language: English
• ISBN 10: 1118995724
• ISBN 13: 9781118995723
• Binding: Hardcover
• Edition: 1st Edition.
• Condition: Very Good

About this title

Synopsis

"The first thing you think is where's the edge, where can I make a bit more money, how can I push, push the boundaries. But the point is, you are greedy, you want every little bit of money that you can possibly get because, like I say, that is how you are judged, that is your performance metric"
—Tom Hayes, 2013

In the midst of the financial crisis, Tom Hayes and his network of traders and brokers from Wall Street's leading firms set to work engineering the biggest financial conspiracy ever seen. As the rest of the world burned, they came together on secret chat rooms and late night phone calls to hatch an audacious plan to rig Libor, the 'world's most important number' and the basis for $350 trillion of securities from mortgages to loans to derivatives. Without the persistence of a rag-tag team of investigators from the U.S., they would have got away with it....

The Fix by award-winning Bloomberg journalists Liam Vaughan and Gavin Finch, is the inside story of the Libor scandal, told through the journey of the man at the centre of it: a young, scruffy, socially awkward misfit from England whose genius for math and obsessive personality made him a trading phenomenon, but ultimately paved the way for his own downfall.

Based on hundreds of interviews, and unprecedented access to the traders and brokers involved, and the investigators who caught up with them, The Fix provides a rare look into the dark heart of global finance at the start of the 21st Century.

About the Author

LIAM VAUGHAN and GAVIN FINCH write about financial crime for Bloomberg and Businessweek magazine. In 2013, they uncovered a global conspiracy to manipulate the $5 trillion a day foreign exchange market, sparking investigations on three continents that to date have resulted in $10 billion in fines for banks including JPMorgan, Barclays and UBS.
In 2014, they were awarded the prestigious Gerald Loeb Award for excellence in business journalism and the Harold Wincott prize for the best financial journalism of the year.