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              Joshua Franklin

              US Banking Editor

              Joshua leads coverage for the FT of some of the most important financial institutions in the world, including Goldman Sachs, JPMorgan Chase and Morgan Stanley. Prior to joining the FT in 2021, he was a reporter with Reuters in New York, Zurich and London.
              Email Joshua Franklin @ftjfranklin  on Twitter (link opens in a new browser window)
              • Monday, 6 January, 2025
                News in-depthInvestment Banking
                Investment banks prepare for crunch year in 2025

                Boutiques counting on M&A rebound to support elevated valuations and star hires

                Logos of Evercore, Lazard, PJT, Moelis, Perella Weinberg and Houlihan Lokey with a chart in the foreground
              • Tuesday, 31 December, 2024
                Investment Banking
                Banks on course for blockbuster 2024 trading revenues

                Numbers for fixed-income and equities trading expected to surpass 2022 when invasion of Ukraine rocked markets

                Logos of Morgan Stanley, Goldman Sachs, Bank of America, Citi, and JPMorgan Chase are arranged around a large upward-pointing arrow.
              • Tuesday, 31 December, 2024
                Business InsightUS banks
                Pressure is ratcheting up on US banks over debanking

                There is a good chance the Trump administration will take action over the issue after complaints from the right

                Marc Andreessen
              • Monday, 30 December, 2024
                FT News Briefing podcast12 min listen
                Should banks foot the bill for cyber scams?

                Governments, banks and tech companies disagree on who should cover losses from payment fraud

              • Tuesday, 24 December, 2024
                Bank stress tests
                US banking lobby sues Fed over stress test framework

                Announcement comes a day after central bank unveiled proposed changes to annual examinations

                The Federal Reserve building
              • Monday, 23 December, 2024
                Financial & markets regulation
                Fed says it is weighing changes to bank tests for systemic risk

                Overhaul could alter the models for hypothetical losses, averaging results over two years to cut results’ volatility

                Michael Barr, the Fed vice-chair for banking supervision,
              • Monday, 23 December, 2024
                US banks
                US banking giants capture biggest share of industry profits since 2015

                JPMorgan Chase, Bank of America, Citigroup and Wells Fargo account for 44% of earnings

                A collage of black and white photos featuring four major bank buildings: JPMorgan Chase, Bank of America, Wells Fargo, and Citibank.
              • Friday, 20 December, 2024
                Financial services
                JPMorgan, BofA and Wells sued over alleged payment fraud

                US regulator CFPB accuses big banks of failing to protect customers using Zelle

                A JPMorgan Chase branch in New York
              • Wednesday, 18 December, 2024
                US politics & policy
                ‘What choice do they have?’: America’s CEOs bend the knee to Trump

                Even the president-elect’s corporate opponents are rushing to embrace him at Mar-a-Lago

                A montage of Donald Trump, centre, with clockwise from bottom left: Sam Altman, Shou Zi Chew, Jeff Bezos, Sundar Pichai, Mark Zuckerberg and Ted Sarandos
              • Friday, 13 December, 2024
                Financials
                Trump’s election win sparks trading surge for banks and brokers

                Markets activity ‘exploded’ as traders bet on a more business-friendly approach by incoming administration

                A montage of a silhouette of Donald Trump, a Wall Street sign, and the logos of Robinhood, Charles Schwab, JPMorgan Chase and Citi
              • Wednesday, 11 December, 2024
                The Big Read
                Who should foot the bill for cyber scams?

                As payment fraud proliferates, governments, banks and tech companies disagree on who should cover consumer losses

                Photo montage showing a hand holding a smartphone with a dollar sign on the screen, surrounded by financial brand logos (Visa, Mastercard, Zelle) and warning symbols
              • Thursday, 5 December, 2024
                News in-depthUS banks
                Is the Biden-era blockade on US bank M&A finally over?

                Investors and advisers prepare for consolidation among country’s thousands of regional lenders

                Montage of Donald Trump, Joe Biden and corporate logos
              • Friday, 22 November, 2024
                US economy
                Leveraged hedge funds magnified August market sell-off, Fed says

                US central bank report pins blame for trading volatility partly on investors that had taken on too much debt

                Pedestrians walk along Wall Street near the New York Stock Exchange
              • Tuesday, 19 November, 2024
                Buying and selling shares
                Corporate insiders cash in on post-election US stock market surge

                Insider sales reach all-time high as executives from Goldman Sachs to Tesla lock in equity gains

                A montage of Denis Coleman, Tom Montag, John Rogers, Ed Hyman and Alex Karp with the logos of Goldman Sachs, Evercore and Palantir in the background
              • Tuesday, 19 November, 2024
                JPMorgan Chase & Co
                JPMorgan’s Chase UK bank launches first credit card

                Digital-only bank makes first foray into lending after amassing more than £20bn in deposits

                A JPMorgan Chase sign at their New York headquarters in Manhattan
              • Thursday, 14 November, 2024
                US presidential election 2024
                Harris ditched Joe Rogan interview over progressive backlash fears

                Decision seen as major blunder for campaign that lost male votes to Donald Trump

                Kamala Harris speaks at a campaign rally
              • Tuesday, 12 November, 2024
                Investment Banking
                Wall Street bankers on course for up to 35% bonus bump

                Debt bankers forecast to make biggest gains as finance industry recovers from two-year lull

                A hat in support of Republican Donald Trump, after he won the US presidential election, at the New York Stock Exchange
              • Monday, 11 November, 2024
                US presidential election 2024
                Bitcoin hits record high as Republicans edge closer to full control of Congress

                Cryptocurrency surges past $80,000 for first time after Donald Trump’s decisive win

                Donald Trump is shown against a background of red bitcoins
              • Thursday, 7 November, 2024
                Citigroup Inc
                Citi revamps pay for wealth bankers

                More bonuses will go to those who move client assets into investments, and less to those who sell new loans

                Citi’s private banking chief Ida Liu speaks at an event
              • Thursday, 7 November, 2024
                Goldman Sachs
                Goldman names biggest partner class since 2010

                Wall Street investment bank to promote 95 people to coveted title in biennial process

                A sign for Goldman Sachs in the New York Stock Exchange
              • Thursday, 7 November, 2024
                News in-depthUS financial regulation
                Wall Street rejoices as the bell tolls for Biden-era regulation

                Bankers, private equity executives and money managers anticipate change in personnel and tone

                Trader Michael Capolino wears a Trump hat as he works on the floor of the New York Stock Exchange
              • Sunday, 3 November, 2024
                New titans of Wall Street — an FT series
                Ken Griffin’s money machine: market maker Citadel Securities

                The trading firm is pushing frontiers in markets once dominated by banks — but is not yet regulated like one

                Ken Griffin, founder of Citadel Securities, left, and Peng Zhao, chief executive, right
              • Thursday, 24 October, 2024
                James Gorman
                Morgan Stanley grants post-employment perks to former CEO James Gorman

                Longtime executive will receive $400,000 a year and access to a car and driver as he transitions out of top roles at bank

                James Gorman
              • Thursday, 24 October, 2024
                FT News Briefing podcast11 min listen
                AI that can control your computer

                Start-up backed by Google and Amazon says tool can act like a ‘human collaborator’

              • Wednesday, 23 October, 2024
                US financial regulation
                Goldman and Apple fined $89mn over US credit card programme

                Consumer regulator says companies ‘illegally sidestepped’ obligations in latest setback for struggling partnership

                Jennifer Bailey, vice-president of Apple Pay, speaks about the Apple Card at the Steve Jobs Theater in 2019
              Previous page You are on page 1 Next page

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