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In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor was set daily by a small group of easily manipulated administrators, to reap huge profits by nudging it fractions of a percent to suit their trading portfolio [...]
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In 2006, an oddball group of bankers, traders and brokers from some of the largest financial institutions made a startling realization: Libor was set daily by a small group of easily manipulated administrators, to reap huge profits by nudging it fractions of a percent to suit their trading portfolios. This book presents an account of the scam.