Open secret : the global banking conspiracy that swindled investors out of billions
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The work Open secret : the global banking conspiracy that swindled investors out of billions represents a distinct intellectual or artistic creation found in Austin Public Library. This resource is a combination of several types including: Work, Language Material, Books.This resource has been enriched with EBSCO NoveList data.
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Open secret : the global banking conspiracy that swindled investors out of billions
Resource Information
The work Open secret : the global banking conspiracy that swindled investors out of billions represents a distinct intellectual or artistic creation found in Austin Public Library. This resource is a combination of several types including: Work, Language Material, Books.
This resource has been enriched with EBSCO NoveList data.
- Label
- Open secret : the global banking conspiracy that swindled investors out of billions
- Title remainder
- the global banking conspiracy that swindled investors out of billions
- Statement of responsibility
- Erin Arvedlund
- Title variation
- Global banking conspiracy that swindled investors out of billions
- Subject
-
- BUSINESS & ECONOMICS / Corporate & Business History
- BUSINESS & ECONOMICS / General
- trueBank fraud
- trueBankers
- Banking law -- Criminal provisions
- trueBanks and banking
- trueBanks and banking -- Corrupt practices
- trueCapitalists and financiers
- Commercial crimes
- BUSINESS & ECONOMICS / Banks & Banking
- trueGlobal Financial Crisis, 2008-2009
- Interest rate futures
- trueInternational banking
- trueInvestors
- trueLIBOR market model
- trueScandals
- trueWhite collar crime
- trueConspiracies
- Language
- eng
- 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"--
- Assigning source
- Provided by publisher
- Cataloging source
- DLC
- Dewey number
- 364.16/8
- Illustrations
- illustrations
- Index
- index present
- Literary form
- non fiction
- Nature of contents
- bibliography
Context
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