Research Catalog
Open secret : the global banking conspiracy that swindled investors out of billions
- Title
- Open secret : the global banking conspiracy that swindled investors out of billions / Erin Arvedlund.
- Author
- Arvedlund, Erin
- Publication
- New York : Portfolio/Penguin, 2014.
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Status | Format | Access | Call Number | Item Location |
---|---|---|---|---|
Available - Can be used on site. Please visit New York Public Library - Schwarzman Building M2 to submit a request in person. | Text | Use in library | JBE 15-22 | Schwarzman Building M2 - General Research Room 315 |
Details
- Description
- xiv, 290 pages : illustrations; 24 cm
- Summary
- "A bestselling financial reporter exposes the decades-long banking conspiracy that swindled ordinary investors out of billions Following her national bestseller Too Good to Be True, the inside story of the Bernie Madoff scandal, Erin Arvedlund brings her reporting chops and deep financial expertise to the first book to tell the full story of the Libor scandal. In 2012, news broke that a group of young, chummy bankers had, for years, been colluding to manipulate the London Interbank Offered Rate-the interest rate that determines how money is borrowed and lent throughout the world. They set the Libor higher or lower to suit each others' needs, while ordinary savers and investors suffered without even knowing it. It was a classic "open secret" among competitors that cost countless victims as much as $1 trillion. Arvedlund takes us behind the scenes of elite firms like Barclays Capital, where twenty-something masters of the universe played fast and loose, while their bosses looked the other way. She also examines the failures of prominent regulators and other officials"--
- "Following her national bestseller Too Good to Be True, the inside story of the Bernie Madoff scandal, Erin Arvedlund brings her reporting chops and deep financial expertise to the first book to tell the full story of the Libor scandal. In 2012, news broke that a group of young, chummy bankers had, for years, been colluding to manipulate the London Interbank Offered Rate--the interest rate that determines how money is borrowed and lent throughout the world. They set the Libor higher or lower to suit each others' needs, while ordinary savers and investors suffered without even knowing it. It was a classic "open secret" among competitors that cost countless victims as much as $1 trillion. Arvedlund takes us behind the scenes of elite firms like Barclays Capital, where twenty-something masters of the universe played fast and loose, while their bosses looked the other way. She also examines the failures of prominent regulators and other officials"--
- Subjects
- Bibliography (note)
- Includes bibliographical references (pages 251-278) and index.
- Call Number
- JBE 15-22
- ISBN
- 9781591846680
- 1591846684
- LCCN
- 2014021118
- OCLC
- 2014021118
- Author
- Arvedlund, Erin, author.
- Title
- Open secret : the global banking conspiracy that swindled investors out of billions / Erin Arvedlund.
- Publisher
- New York : Portfolio/Penguin, 2014.
- Type of Content
- text
- Type of Medium
- unmediated
- Type of Carrier
- volume
- Bibliography
- Includes bibliographical references (pages 251-278) and index.
- Connect to:
- Research Call Number
- JBE 15-22