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Listen "The Spider Network by David Enrich"
Episode Synopsis
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Title: The Spider Network
Author: David Enrich
Narrator: Mike Chamberlain
Format: mp3
Length: 15 hrs and 28 mins
Release date: 03-23-17
Ratings: 4.5 out of 5 stars, 21 ratings
Genres: Banks & Banking
Publisher's Summary:
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 group of easily manipulated administrators, and they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. This group generated incredible riches - until it all unraveled in spectacularly vicious, backstabbing fashion.
Title: The Spider Network
Author: David Enrich
Narrator: Mike Chamberlain
Format: mp3
Length: 15 hrs and 28 mins
Release date: 03-23-17
Ratings: 4.5 out of 5 stars, 21 ratings
Genres: Banks & Banking
Publisher's Summary:
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 group of easily manipulated administrators, and they could reap huge profits by nudging it fractions of a percent to suit their trading portfolios. This group generated incredible riches - until it all unraveled in spectacularly vicious, backstabbing fashion.
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