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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)
  • 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
  • Tuesday, 22 October, 2024
    US financial regulation
    US rolls out ‘open banking’ rules to make sharing financial data easier

    Agency finalises regulations aimed at increasing competition and helping consumers link bank accounts to apps

    Consumer Financial Protection Bureau  logo on a building
Previous page You are on page 1 Next page

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