How billion-dollar bank fraud actually works, according to a former trader

Tech Insider : Business, Style

Nick Leeson is an English former derivatives trader who caused the collapse of Barings, London's oldest merchant bank, which had operated for 233 years. Working in the bank's Singapore office, he made a series of unauthorized speculative trades that ultimately lost $1.2 billion.

What do Wall Streeters really want for the holidays?

Tech Insider : Business, Style
1969 Rolex Submariner on the left. Zegna's Triple Stitch on the right.
1969 Rolex Submariner on the left. Zegna's Triple Stitch on the right.

Left: Kirsty O'Connor/PA Images via Getty Images Right: William Edwards

The M&A cycle is roaring back — and Goldman says the dealmaker talent race remains 'intense'

Tech Insider : Business
A hand grasps money
A hiring war on Wall Street has created a "competitive" compensation landscape for top bankers, the Goldman Sachs CFO says.

Giuseppe Lombardo/Getty Images

BNY and Google are teaming up to supercharge the bank's AI ambitions with Gemini 3

Tech Insider : Business, Technology
Sarthak Pattanaik, chief data and AI officer at BNY.
Sarthak Pattanaik, chief data and AI officer at BNY.

Courtesy of BNY

Citi dropped its 2025 managing director class — we have the full list of 276 new MDs

Tech Insider : Business, Environment, Technology
Jane Fraser
Jane Fraser

John Lamparski/Getty Images

From JPMorgan-branded beer foam to gym views, TikToks are revealing details of the bank's 270 Park headquarters

Tech Insider : Business, Style, Technology
Lobby at 270 Park
JPMorgan has shared renderings of the interior.

Foster+Partners

How AI will affect jobs at banks' front, middle, and back offices, according to a 20-year banking veteran

Tech Insider : Business, Technology
Sopnendu Mohanty, the CEO of Global Finance & Technology Network, is wearing a blue shirt and a black blazer.
Sopnendu Mohanty worked at Citi for nearly 20 years and cofounded the Singapore FinTech Festival. He told Business Insider that back office roles in banks will be hit the hardest by AI.

GFTN

This 29-year-old trader just became Goldman's youngest MD. Here's how he celebrated after a big year.

Tech Insider : Business
Paulo Costa of Goldman Sachs
Paulo Costa, 29, is the youngest member of Goldman Sachs' class of newly appointed managing directors for 2025. He's a trader based in London.

Andrew Kelly/REUTERS; Courtesy of Goldman Sachs

Why one of Asia's poorest countries grows Japan's cash

Tech Insider : Economy, Business, Style

Japan has long harvested a shrub called mitsumata for its money supply. But when mitsumata started dying out, Japan frantically searched for alternatives to make yen.

I was a hedge fund manager at Balyasny. Now I work at an AI startup helping bankers cut out the work they hate.

Tech Insider : Business, Technology
Barry Duong
Barry Duong is the lead AI strategist at Hebbia.

Courtesy of Hebbia

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