Open secret : the global banking conspiracy that swindled investors out of billions
(Book)

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Average Rating
Published
New York : Portfolio / Penguin, 2014.
Status
Central - Adult Nonfiction  1 available
364.168 ARVED

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LocationCall NumberStatus
Central - Adult Nonfiction364.168 ARVEDAvailable

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Format
Book
Physical Desc
xiv, 290 pages, 8 unnumbered pages of plates : illustrations ; 24 cm
Language
English
ISBN
9781591846680, 1591846684

Notes

Bibliography
Includes bibliographical references and index.
Description
"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"--,Provided by publisher.
Description
"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"--,Provided by publisher.

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Citations

APA Citation (style guide)

Arvedlund, E. (2014). Open secret: the global banking conspiracy that swindled investors out of billions . Portfolio / Penguin.

Chicago / Turabian - Author Date Citation (style guide)

Arvedlund, Erin. 2014. Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions. New York: Portfolio / Penguin.

Chicago / Turabian - Humanities Citation (style guide)

Arvedlund, Erin. Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions New York: Portfolio / Penguin, 2014.

MLA Citation (style guide)

Arvedlund, Erin. Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions Portfolio / Penguin, 2014.

Note! Citation formats are based on standards as of August 2021. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.

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