Joshua Franklin

speaker

155 appearances 1 recordings 1 series first heard Jul 2026 last heard 23 Jul

Joshua Franklin’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

Appearances

newest first · ▶ plays the moment

Unhedged · How JPMorgan won · 23 Jul 2026 podcast

It was over $100 billion.

But it meant that it was a drag on Bank of America's earnings for a long time, whereas J.P.

Morgan was in a position where they could deploy all these deposits that they had into higher-yielding assets and really boost their margins.

I think that is a huge part of the story.

I mean, better to be lucky than good in some ways.

And Jamie Dimon and JP Morgan have been blessed with rivals who couldn't get out of their own way.

So you had the Bank of America example where they make this really catastrophic mistake.

decision on the balance sheet when interest rates were low.

You have Citigroup that is this huge, sprawling global institution with banking licenses in all of these jurisdictions all over the world, hasn't been able to make it work, underinvested in technology and operations.

Exactly.

Hasn't been able to grow in US retail banking, which is one of the best

markets in the world to be an at-scale retail banking player, and then had these huge operational issues that lumbered it with consent orders and regulatory hell, which they're still just getting out of.

Wells Fargo, a bank that during the 2010s looked like it was doing pretty well, growing a lot.

And then it turned out that a lot of that growth was based on selling products to people without their knowledge, which left them- The regulators don't like that.

No, no, no.

And they've cycled through a few CEOs and they have had to deal with this asset cap that they've only just had lifted, which basically limited their ability to grow.

So you have all these rivals that have to varying degrees have not been able to get out of their own way and left a clear lane for J.P.

Morgan to really be successful.

the solid bank.

And when you're solid in a field of rivals that are stumbling, you look fantastic as a result.

Showing 101–120 of 155 · page 6 of 8