Ben Eisen, Wall Street Journal

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