The Fix: How Bankers Lied, Cheated and Colluded to Rig the World's Most Important Number

by Liam Vaughan, Gavin Finch

The book will be a definitive account of the Libor scandal, in which the world's biggest banks colluded to rig the price of money for their own benefit and, in doing so, altered trillions of dollars of contracts from mortgages and derivatives to the interest paid on the U.S. government's TARP loans.However, the book will not simply be a temporal narrative of the scandal. The authors intend to discuss the implications of the Libor scandal on other benchmarking systems, discuss internal challenges for banks as well as regulators who are currently dealing with the fall-out and also discuss the potential reforms necessary to really repair and renew the system.

210 pages, Kindle Edition

First published June 1, 2015

About the author

Liam Vaughan is an investigative journalist for Bloomberg and Bloomberg Businessweek. He has been awarded the Gerald Loeb prize for excellence in business journalism and the Harold Wincott prize for financial journalism.