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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Tom Hayes excelled at numbers, yet he consistently struggled to make close friends.
Chapter 3: Libor is a complex yet crucial interest rate closely connected to the worldwide derivatives market today.
Chapter 4: Hayes joined a sizable international network that manipulated Libor rates to directly advantage the portfolios held by their banks.
Chapter 5: Complicit banks allowed Libor manipulation for years, netting Hayes and UBS millions.
Chapter 6: After Hayes departed UBS’s toxic environment, people started noticing Libor’s unusually strange behavior more widely.
Chapter 7: Tom Hayes, confused and angry, was betrayed by his former colleagues as the Libor investigation finally neared its end.
Chapter 8: Tom Hayes became a scapegoat for a deeply corrupt, dysfunctional banking system.
Description
The Spider Network (2017) tells the fascinating story of Tom Hayes, the man who took the fall for the banking industry’s secret habit of manipulating interest rates. It’s a tale of what happens when traders, brokers and bank executives are allowed to operate without oversight.
Who Should Listen
- Traders, brokers and anyone interested in the stock market
- Investors hoping to avoid getting fleeced
- Fans of a good corporate crime story