Ben Eisen
Wall Street Journal
New York, NY, United States
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Past articles by Ben:
Why Would Anyone Collect 150 John Deere Lawn Tractors? Brandon Pfeiffer Can Explain.
Sixty years after the company’s lawn-and-garden models rolled into suburbia, hobbyists hunt down and restore the originals. → Read More
When SVB and First Republic Collapsed, So Did Their Employees’ Investments
Workers at the failed California banks plowed their money into company stock. → Read More
Zombie Mortgages Could Force Some Homeowners Into Foreclosure
Homeowners say they are getting bills and foreclosure threats on second mortgages they thought were taken care of long ago. → Read More
Rising Interest Rates Make It Harder to Help Distressed Homeowners. Regulators Are Trying to Fix That.
The FHA is expected to propose a plan where struggling borrowers could get back on track while keeping their super-low interest rates. → Read More
PacWest Sells Real-Estate Lending Unit
The struggling regional bank is selling Civic Financial Services to Roc360. → Read More
It’s Brian Moynihan vs. Jamie Dimon on the State of the Economy
Brian Moynihan, ever the economic optimist, says the American consumer remains healthy despite inflation and high interest rates. The Bank of America CEO said spending growth remains strong in terms of both amounts and number of transactions. Americans are spending in particular on travel and enter → Read More
Housing Boom Fails to Lift All Homes Above Previous Cycle’s Peak
Prices fell so hard during the subprime crisis or climbed back so gradually in more than 400 cities that the current buying wave is only beginning to make even a homeowner who bought there during the last boom. → Read More
Housing Market in This Small City Took a Long Road to Recovery
Las Cruces, N.M., is one of hundreds of American cities that are only now returning to their precrisis peaks in home value, years after the rest of the U.S. moved on from the bust. → Read More
Mortgage Rates Hit Fresh Three-Year High
Home buyers and owners are facing a rapid increase that threatens to cool down the red-hot housing market. → Read More
S&P 500 Extends Rally, Up Nearly 5% for the Week
U.S. stock indexes rallied for a third straight day, putting the S&P 500 on pace for its biggest weekly gain since late 2020. Oil soared as the market’s focus returned to the Ukraine war. → Read More
Wells Fargo CEO Charles Scharf Gets 20% Pay Raise
His compensation for 2021 totaled $24.5 million. The bank’s stock price soared 59% last year. → Read More
Wall Street Executive Wally Stern Was a Player in Foreign Affairs—And Always Traveled Coach
An early proponent of investing in international companies, Walter Stern spent seven decades as a Wall Street executive and had a long affiliation with the foreign policy think tank the Hudson Institute. → Read More
Wells Fargo Executive Tasked With Rehabbing Bank’s Image to Depart
Barri Rafferty spent less than two years as the lender’s head of communications and brand management. → Read More
Car Dealerships Don’t Want Your Cash—They Want to Give You a Loan
Buyers say dealerships are pushing them to borrow because they make more money that way. The hot car market is giving them the opportunity. → Read More
Warren, Porter Criticize Wall Street Arbitration After Judge Says Process Was Manipulated
The two lawmakers wrote to the Financial Industry Regulatory Authority’s top executive after a Georgia judge ruled in a recent case that a lawyer for Wells Fargo gamed the system for choosing arbitrators. → Read More
BofA Lifts CEO Brian Moynihan’s Pay 31% for 2021 to $32 Million
The compensation increase for Brian Moynihan follows a year of record profits and a jump in the stock price. → Read More
Wells Fargo Gamed System in Investor Arbitration, Judge Says
A Georgia judge said the bank and its lawyer secretly manipulated a list of potential arbitrators. → Read More
How the Fed’s Policy Shift Is Rippling Through the Housing Market
The central bank had been the biggest buyer of mortgage bonds, but now it is stepping back and borrowing costs are rising. → Read More
Where Are Banks Finding Borrowers? On the Car Lot
Surging demand for auto loans is boosting banks during an otherwise lackluster time for their lending businesses. → Read More
Omicron Sends Bank Stocks Seesawing
Fears about the economic impact of the new Covid-19 variant have hit bank stocks hard, but they are still on track for their best year in more than two decades. → Read More