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

Author(s): David Enrich

Business & Economics

Shortlisted for the FT & McKinsey Book Prize!


'Will snare you in its web of deceit, lies, corruption, manipulation and colourful characters. [a] brilliant investigative exposé' - Harlan Coben, bestselling thriller author

'Reads like a fast-paced John le Carré thriller, and never lets up' - New York Times book review


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.

$22.99(AUD)

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Product Information

General Fields

  • : 9780753557518
  • : Ebury Publishing
  • : W H Allen
  • : March 2018
  • : 3.1 Centimeters X 12.6 Centimeters X 19.8 Centimeters
  • : books

Special Fields

  • : David Enrich
  • : Paperback
  • : Jul-18
  • : English
  • : 364.168
  • : 496