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Wall Street Correspondent, The Economist





Alice Fulwood is The Economist's Wall Street correspondent, covering a range of topics about banking and the financial system in the US. She is based in New York. 


Before that Alice was a business correspondent, based in London, covering the pharmaceutical industry. She first joined the paper on an internship sponsored by the Marjorie Deane Foundation, where she wrote about finance, banking and economics. 


Alice started writing for The Economist in 2018. Prior to joining The Economist Alice worked for a large European investment bank. During her tenure Alice was based in Singapore as an Economist covering Indonesia, the Philippines, Malaysia, Singapore, Thailand and Vietnam. She also worked as a foreign exchange spot and derivatives sales trader in London. Alice graduated from the University of Cambridge, where she studied Economics. 

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New York, NY 10017

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Published work


Down the drain

March 2020

Why America's financial plumbing has seized up


Where the bucks stop

March 2020

Can America's banks keep cash flowing if activity dires up?


Tearing down the house

February 2020

Technology is poised to upend America’s property market



January 2020

Goldman Sachs bets the firm on a new identity

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Christmas repeat

December 2019

Despite the Fed’s efforts, the repo market risks more turbulence

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How to fix the repo market

November 2019

How to ensure financial firms have enough cash


Light relief

October 2019

The Fed has lightened the load on America's banks


March of the machines

October 2019

Fifty years ago investing was a distinctly human affair


Love at first byte

August 2019

Apple and Goldman Sachs launch their credit card


Pick your poison

July 2019

Conversations with bankers about the Democratic primaries invariably turn to Elizabeth Warren


Think blind dates couldn’t get any worse? Try this

July 2019

I am trying to decide if the two strangers I am watching on a blind date are into each other

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The hottest seat in banking

June 2019

It is with relief—oops, I mean “regret”—that I must turn down your offer of the role of chief executive at Wells Fargo

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Flight to safety

May 2019

Grimstad, norway, is an unlikely setting for financial-market shenanigans

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Picking up $20 bills

April 2019

Economists have long argued about the efficiency of markets

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February 2019

When future generations want to study today’s capitalists, a good place to start would be Warren Buffett’s annual letters to the shareholders

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Bigger is beautiful

February 2019

Giant banks are made, not born


A port in a storm

January 2019

Teesside was the future, once. 


Sales from the crypt

May 2018

In a recent video Jeremy Sciarappa, a YouTuber, flips the lid off a red box in his living room to reveal a silver machine the size of a shoebox, whining noisily.

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Where it's due

May 2018

In 2013 Codere, a Spanish gaming firm, owed money it could not repay. Its bonds were trading at just over half face value.


Shifting silicon

April 2018

Morris Chang is preparing for retirement. 


A sunny place for a shady currency

March 2018

It “will be an instrument for Venezuela’s economic stability and financial independence”, promises a white paper published by the country’s government last month.


The house that Jamie duilt

March 2020

Is Jamie Dimon's work done at JPMorgan Chase?


How hath Berkshire done?

February 2020

Untangling Buffet's unique firm


Market making

February 2020

Why Intercontinental Exchange wants to buy eBay


The country home of capital

January 2020

Why so many of America’s financial elite have left Greenwich

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A life's rich tapestry

November 2019

How Jim Simons became the most successful investor of all time


The Makeover

October 2019

What kind of bank will Wells Fargo be?



October 2019

A group of fintech firms are changing the way consumers borrow


Home truths

September 2019

Steven Mnuchin begins reforming America’s giant mortgage-guarantee firms


The bonds that tie

August 2019

Argentina faces the prospect of another default


Looking after the pennies

July 2019

Those saving for retirement face plenty of quandaries


Exam time

July 2019

Summer brings examinations, both for students and for America’s banks

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The tail that wags

June 2019

The federal reserve is changing direction

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Chubby cats

May 2019

If the best way to get rich is by managing other people’s money, it helps if your clients control a lot of it

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April 2019

No one is more aware of the value of a brand than Goldman Sachs

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Under the hood

February 2019

"Go straight to the source" is a useful rule for anyone seeking accurate information


Letter and spirit

January 2019

Shakespeare was a fan of the quibble.


Hybrid heaven

January 2019

The mellow thrum of the Toyota Prius is to the streets of Ulaanbaatar what the screech of brakes and honk of horns is to New York: omnipresent.

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Blood money

May 2018

This year marks the 200th anniversary of the first successful human-to-human blood transfusion, conducted by James Blundell, an English obstetrician working just across the Thames from The Economist’s offices. 

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Rule the school

April 2018

Boston parents were fed up.


Phone home

April 2018

Morris Chang is preparing for retirement. 


Should Wall Street's most celebrated boss call it a day?

March 2020

Succession at JPMorgan Chase


The real estate racket

February 2020

Selling a home in America is too expensive


How the mighty have fallen

January 2020

The bank’s search for a new identity captures the changes in global banking


Christmas bonus

January 2020

The causes of a booming stockmarket are unlikely to last through 2020

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Follow the money

November 2019

Why the repo market went awry...


Territorial claims

October 2019

Is the board overseeing Puerto Rico's bankruptcy unconstitutional?


The new masters of the universe

October 2019

Forget Gordon Gekko, computers increasingly call the shots in financial markets


Sellers beware

August 2019

Why America’s real-estate brokers are such a rip-off


Generous to a fault

August 2019

Why America’s biggest charities are owned by pharmaceutical companies


Ball-game theory

July 2019

Economics is all about allocating scarce resources


Alternative reality

June 2019

When buy-out firms first came to prominence in the 1980s, they were seen as wolves in fine Italian wool

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The giants are coming

June  2019

By almost any measure, America’s biggest banks are behemoths


Flipping property 

May 2019

A well-functioning market is one that enables buyers and sellers to execute transactions quickly, easily and cheaply

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In the pillory

March 2019

You have not been able to keep Wells Fargo out of trouble,” Maxine Waters told Tim Sloan, the chief executive of America’s fourth-biggest bank


Shooting the messenger

February 2019

Those who profit from the misery of others are not often popular


A delicate balance

January 2019

As dull as “watching paint dry”.


Kill or cure?

December 2018

As befits a deal in the medical industry, this one has been rather hard to swallow.

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Vein attempts

May 2018

A willing buyer in a market with plenty of willing sellers, Barzin Bahardoust is finding life surprisingly hard.



April 2018

Watching financial markets can be like watching a horror film.

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Collateral damage

March 2018

China is the stated adversary in Donald Trump’s incipient trade war.

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