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

[BaDshaH]

ISBN: 178360929X, 1783609281 | 2017 | PDF | 252 pages | 3 MB

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 mis-marking 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—that have allowed banks to profit from systematic deception. Containing remarkable and often shocking insights derived from Stenfor's own experiences in the dealing room, as well as his spectacular fall from grace at Merrill Lynch, Barometer of Fear draws back the curtain on a realm that for too long has remained hidden from public view.

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