“The U.K.’s pre-eminent chronicler of financial crime” Sheelah Kolhatkar, The New Yorker
Liam Vaughan is a senior reporter with Bloomberg and Businessweek magazine in London.
His forthcoming book, Flash Crash (William Collins, Doubleday, 2020), tells the remarkable real-life story of Navinder Singh Sarao, a trading savant who made $70 million from nothing from his childhood bedroom - until the US government accused him of helping cause one of the most dramatic market crashes in history. It will be published in May 2020 and is being developed into a movie by an Oscar-winning production company.
Vaughan's first book, The Fix (Wiley, 2017), co-written with Gavin Finch, tells the inside story of the Libor scandal. It garnered widespread critical praise and featured in serialisations in the Sunday Times and the Guardian.
Vaughan has covered financial markets for more than a decade. In 2013, he led a team of reporters who uncovered a global conspiracy to manipulate the $5 trillion a day foreign exchange market, sparking investigations on three continents that have resulted in $10 billion in fines for banks including JP Morgan, Citigroup, Barclays and UBS. He was awarded a Gerald Loeb award for excellence in business journalism in 2014 and the Harold Wincott prize for the best financial journalism in 2013.
The Flash Crash Trader's Missing Millions
Nav Sarao made big money trading futures from his bedroom - then lost it all
The Man who Invented the World's Most Important Number
When Minos Zombanakis devised Libor, he had no way of knowing it would feature in one of history's greatest financial scandals
A Russian Tragedy: How Deutsche Bank's "Wiz" Kid Fell to Earth
The golden boy at the heart of Deustche Bank's $10 billion mirror-trade scandal
The inside track on Britain's biggest insider trading case
The Mad Punter
The miraculous rise and dramatic acquittal of Iraj Parvizi
Was Tom Hayes running the biggest financial conspiracy in history - or just taking the fall for one?
Exposé of how traders at the world's biggest banks conspired to rig currency rates
The bankers who fixed the worlds most important number
- UK edition
- US edition
Liam Vaughan has written an elegant and fast-paced narrative about one of more obscure and mysterious financial anomalies; the day the Dow Jones industrial average fell more than 1000 points. Through meticulous reporting and a gripping story, Vaughan has filled in many of the missing pieces. You won’t be able to put it down.William D. Cohan, Author of House of Cards and Vanity Fair Special Correspondent
A fascinating journey through the heart of the financial markets and the battle between man and machine in the search for trading profits.Bradley Hope, New York Times bestselling co-author of Billion Dollar Whale
This is the defining, fly–on–the–wall account of how traders colluded to move a number at the heart of global finance. Vaughan and Finch put you in the room as traders brag, make high stakes bets and eventually come undone. I couldn't put it down.Matt Turner, Deputy Editor for Finance and Markets, Business Insider
Told with the verve and panache of a thriller. Genuinely brilliant.Ben Wright, Group Business Editor, The Telegraph
A great read. Buy this book!Harry Wilson, City Editor, The Times