Barometer of Fear : An Insider's Account of Rogue Trading and the Greatest Banking Scandal in History.

Format:

Book

Author/Creator:

Stenfors, Alexis.

Language:

English

Subjects (All):

Scandals--History--21st century.

Scandals.

Banks and banking--History--21st century.

Banks and banking.

History.

Physical Description:

x; 326 pages ; 20cm

Place of Publication:

London, England : Zed Books, Limited, 2017.

Summary:

The LIBOR affair has been described as the 'biggest banking scandal in history', a deception affecting not only banks but also corporations, pension funds and ordinary people. But was this just the tip of the iceberg? Was the scandal the work of a few bad apples or an inevitable result of a financial system rotten to its core? Labelled 'one of the world's most infamous rogue traders' in the wake of a mismarking scandal, Alexis Stenfors went on to rebuild his life and now guides us through the shadowy world of modern banking, providing an insider's account of the secret practices - including the manipulation of foreign exchange rates - which have allowed banks to profit from systematic deception. Containing remarkable and often shocking insights derived from his own experiences in the dealing room, as well as his spectacular fall from grace at Merrill Lynch, Barometer of Fear draws back the curtain to a realm that for too long has remained hidden from public view. Book jacket.

Contents:

1 The barometer of fear 17

2 'Why did you do it?' 56

3 Superheroes and beauty pageants 70

4 The LIBOR illusion 107

5 The value of secrets 154

6 Conventions and conspiracies 187

7 Rotten apples 235

8 The perfect storm 275.

ISBN:

9781783609284

1783609281

9781783609291

178360929X

OCLC:

980975401