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.

Forget JPMorgan's new $3 billion tower. Take a peek inside the founder's 119-year-old library.

Tech Insider : Business
jpmorgan library museum
JP Morgan's personal library.

William Edwards/Business Insider

When life gets expensive, my family of 7 plays the 'no-spend week' challenge. Here's the gist.

Tech Insider : Business
A parent and child write down their budget using receipts with an iphone and a laptop.
I have 5 kids, so unexpected costs can come up.

Images By Tang Ming Tung/Getty Images

I don't tie my child's allowance to chores. I wanted him to learn about financial management from an early age.

Tech Insider : Business, Economy
Mom on ski lift with child
Meg Wheeler doesn't tie her son's allowance to chores.

Courtesy of Meg Wheeler

We are on day 37 of no paycheck for my husband. We've cut all our subscriptions and have a shopping ban to make it through the shutdown.

Tech Insider : Business, Sports, Travel
Couple hiking
The author's husband is a federal employee.

Courtesy of the author

One chart shows the jobs where Americans feel financially comfortable and where they're struggling

Tech Insider : Business, Economy, Style
A blurry photo of people walking
Newly released survey results show the financial security of working adults in the US.

Ezra Bailey/Getty Images

When my 20-year marriage ended, I had no job and knew little about money. Now, I'm confident in my financial future and career.

Tech Insider : Business, Travel
Lisa VanderVeen on a bridge with a camera.
Lisa VanderVeen holds a camera during one of her trips abroad

Courtesy of Lisa VanderVeen.

I spent my 20s living a dream life abroad, but returned to the US in debt. There's a lot I wish I'd done differently.

Tech Insider : Travel, Travel, Business
The author posing for a photo in the Algarve, Portugal.
I lived abroad during my 20s, and although I don't regret it, I made some poor financial decisions along the way.

Denae McGaha

I grew my investment portfolio to over $1 million in 10 years. Even during a recession, these 3 tactics worked for me.

Tech Insider : Economy, Business, Technology
Bola Sokunbi posing and smiling.
Financial educator Bola Sokunbi said it's really important, even if you're working full time, to have other sources of income.

Virten Media

How to get hired at top hedge funds like Citadel, D.E. Shaw, and Point72

Tech Insider : Business
Four D. E. Shaw interns gathered around a computer.
D.E. Shaw interns.

D. E. Shaw

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