US investment banking is so back
FT News Briefing17 Jul 2025

US investment banking is so back

Donald Trump asked lawmakers whether he should fire Federal Reserve chair Jay Powell, and Wall Street saw a surprise comeback in investment banking fees. Plus, the UK’s inflation rate rose higher than expected last month, and yields on Japan’s 10-year government debt jumped ahead of Sunday’s election.


Mentioned in this podcast:

Donald Trump asked lawmakers whether he should fire Fed’s Jay Powell

Goldman Sachs profits jump 22% after investment banking gains

UK inflation unexpectedly rises to 18-month high of 3.6%

Japan’s 10-year yield hits highest level since 2008 financial crisis

Credit: Fox News

Send in your Swamp Notes questions (Marc.Filippino@FT.com)


Today’s FT News Briefing was produced by Sonja Hutson, Katya Kumkova, Ethan Plotkin, Henry Larson and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com

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