Financial Times

US Banking Correspondent
The Financial Times has a vacancy on the New York financial services team covering the biggest and most important financial institutions in the world of global finance. 

Working with the US banking editor, the banking correspondent will help cover Wall Street’s biggest banks as well as insurers, credit card issuers and other financial services companies that play key roles in the world’s largest economy. This is a very newsy beat. Although the successful correspondent will have opportunities to write Big Reads and longer analyses, Wall Street is one of the most competitive beats in financial journalism so breaking news will be at the core or the position. 

The successful applicant will take on the beat at a time of high drama. The leading US banks are bracing for tens of billions of dollars in loan losses as a result of the economic contraction brought on by the coronavirus pandemic. The Federal Reserve’s promise of rock-bottom interest rates for the next several years is raising questions about the long-term profitability of lenders. And the growing involvement of technology companies in finance threatens to disintermediate the sector’s traditional powers.
21 December 2020