June 2018 book reviews

Connexion journalists read the latest French releases. To be fair, each gets 20 minutes’ reading time

The Spider Network, David Enrich

£9.99; ISBN: 978-0-7535-5751-8

The sub-title for this is ‘The wild story of a maths genius and one of the greatest scams in financial history’ which, until a few years ago, would have been an astonishing once-in-a-lifetime event... but now seems curiously commonplace.

No matter, the book itself – after much scene-setting of the over-the-top lifestyles of scruple-free traders – is a thriller on the Libor bank interest rate scandal where complicity rivals duplicity in earning top billing. Happily, though, at least one of those involved has a conscience. He still gets 14 years’ jail, though; he’s the fall guy.

The author’s name – Enrich – pretty much sums up the book but the writer is a respected Wall Street Journal business reporter and spent many months speaking to the leading players and, while their colourful lives are memorable, what hits deeply home is the ...

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