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FT News Briefing

Can bankers be fired for demanding sleep?

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 19 February 2026

⏱️ 12 minutes

🧾️ Download transcript

Summary

JPMorgan Chase is in talks to provide banking services to US President Donald Trump’s Board of Peace, and investors have warned that loosening the UK’s borrowing limits to fund more spending on defence would risk a bond market backlash and a self-defeating rise in borrowing costs. Plus, the White House says the New York Fed should be disciplined for a recent report, and a former investment banker is suing over her right to get eight hours of sleep per night. 


Mentioned in this podcast:


JPMorgan in talks to bank for Trump’s Board of Peace

Gilt investors warn about ‘ruse’ to fund higher UK defence spending

Trump adviser says New York Fed economists should be ‘disciplined’ for publishing study on tariffs

Can bankers be fired for demanding sleep? A US court will decide

FT News Briefing subscription sale


Note: The FT does not use generative AI to voice its podcasts 


Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning from the Financial Times.

0:04.4

Today is Thursday, February 19th.

0:06.6

And this is your Ftini's briefing.

0:09.0

J.P. Morgan wants to be the Board of Pieces Bank.

0:12.4

And the gilt market is wary of the UK's defense funding plans.

0:17.0

Plus, an investment banker is suing her former employer over the right to get some shut-eye.

0:22.1

I think this is where this really interesting generational question comes in,

0:25.8

where perhaps an older generation might say,

0:29.3

this is how it's always been done, kind of get used to it.

0:32.4

I'm Mark Filipino, and here's the news you need to start your day.

0:46.9

J.P. Morgan Chase is in talks to provide banking services to the U.S.-led Board of Peace.

0:51.7

The body is set to have its first formal meeting today, and it was originally conceived to help create a new governance framework for Gaza in the wake of the war between Israel and Hamas.

0:57.8

But U.S. President Donald Trump has increasingly presented it as an alternative to the U.N.

1:03.1

Two people familiar with the situation said J.P. Morgan was discussing providing services, such as facilitating payments to and from the board.

1:11.4

Officials from the Trump administration and from the bank declined to comment on any discussions.

1:16.7

It's an interesting twist. As the president recently sued J.P. Morgan Chief Executive Jamie Diamond,

1:22.1

Trump claims the lender closed his bank accounts for political reasons.

1:36.8

The UK government needs to raise more money to fill a hole in its armed forces budget.

1:38.1

But there's a problem.

1:42.9

Rachel Reeves, the chancellor, has insisted that she will stick to fiscal rules that prevent borrowing from breaching strict limits.

1:45.1

So officials have been looking for a workaround. Investors, though, are not thrilled by the idea.

1:51.1

Ian Smith, our senior markets correspondent, is here to explain. Hi, Ian. Hi, Mark. So, Ian, can you

...

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