When billions vanish
and markets collapse.
Short, narrated stories about the biggest frauds, crashes, and market disasters — told in under 5 minutes. Watch the video or read the story.
Libor Rigging: When a Benchmark Was Bent (2012) - QuickFinanceStories
Every morning, the world's biggest banks answered one simple question: "What rate would you pay to borrow money?" Their answers set Libor. The London Interbank Offered Rate. The benchmark for $350 trillion in financial products worldwide. They were lying. This is the story of the Libor scandal. Libor was supposed to be honest.
Evergrande: China’s $300B Property Crunch (2021) - QuickFinanceStories
It was the world's most indebted company. $300 billion in liabilities. Building homes for a billion people. Until it couldn't build anything at…
The FlowTex Fraud: How Fake Oil Drills Swindled Germany In 1992, a German energy company had a bold vision: drill thousands of holes across Germany for…
MF Global: Corzine, Repo Trades, and a $1.6B Shortfall (2011) - QuickFinanceStories
Jon Corzine was a Wall Street legend. Former CEO of Goldman Sachs. Former Governor of New…