Ben Eisen, Wall Street Journal

Ben Eisen

Wall Street Journal

New York, NY, United States

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Recent:
  • Wall Street Journal
Past:
  • Moneyish

Recent articles by Ben:

In Coronavirus Recession, the Out-of-Work Turn to GoFundMe

The recession is forcing people to rely on the kindness of friends, neighbors and strangers to get by. → Read More

Bank Stocks Fall as Stimulus Hopes Fade

Shares of some regional banks fell as much as 11% even though the broader market rose. → Read More

Dearth of Credit Starves Detroit’s Housing Market

Lenders shun the city’s low-priced properties, making it hard for Black residents to access homeownership. The city of nearly 700,000 saw barely 1,700 mortgages made last year. → Read More

Wells Fargo Fires Employees Who Applied for SBA Pandemic Loans

Wells Fargo & Co. fired more than 100 employees for allegedly defrauding a federal pandemic-relief program. → Read More

Wells Fargo Earnings Drop 56% Despite Pandemic Hit Subsiding

The lender said third-quarter profit dropped from a year earlier to $2.04 billion. Still, the results were an improvement from the second quarter, when the bank set aside billions for bad loans and reported a loss. → Read More

Bank of America Profit Falls 16%

The lender’s profit dropped in the third quarter, though the bank indicated that it is well prepared to weather the coronavirus recession. → Read More

What to Expect From Bank Earnings: A Bad Quarter, but Not as Bad as Before

Seven months into the coronavirus pandemic, banks are getting used to a sour economy. → Read More

Wells Fargo CEO Finds Himself on Defense After a Tough First Year

A long list of challenges confronted Wells Fargo Chief Executive Charles Scharf when he was brought in to restore the bank’s tarnished reputation. In the year since, his problems have only multiplied. → Read More

How’s the Coronavirus Economy? Great or Awful, Depending on Whom You Ask

Some people are doing great, some are staying afloat for now, and others are going hungry or worried about eviction. → Read More

Wells Fargo Will Close Most of Its Corporate-History Museums

The bank will shut down 11 of its 12 museums about its corporate history, keeping the museum in its headquarters city of San Francisco. → Read More

Looking to Refinance? Those Rock-Bottom Mortgage Rates Aren’t for You

Homeowners across the country are rushing to refinance at record-low interest rates. Many are finding that lenders have reserved their best rates for buyers. → Read More

Warren Buffett’s Berkshire Hathaway Unloads Bank Stocks

Warren Buffett’s investment and insurance giant unloaded billions of dollars of bank stocks as the U.S. economy reeled during the coronavirus lockdown, a regulatory filing showed. → Read More

Wells Fargo Tightens Purse Strings to Ride Out Coronavirus Pandemic

The fourth-largest U.S. bank is slashing costs, cutting staff and tightening up on lending to ride out the coronavirus recession. Its rivals might not be too far behind. → Read More

Wells Fargo Swings to First Loss in More Than a Decade

The San Francisco-based bank lost $2.38 billion in the second quarter → Read More

The Mortgage Market Never Got Fixed After 2008. Now It’s Breaking Again.

The coronavirus pandemic has delivered a gut punch to the economy, and the mortgage market is particularly exposed. → Read More

A Dickensian Quarter for American Companies

For most of American business, the first quarter was the worst of times. But if not for the pandemic, perhaps it could have been the best of times. That is one way executives are explaining away a downright Dickensian stretch. → Read More

Bank of America Profit Falls 45% as It Prepares for Loan Defaults

The bank, the second largest in the U.S., said profit fell 45% in the first quarter and it set aside billions of dollars to cover potentially bad loans during the coronavirus crisis. → Read More

Wells Fargo Curtails Jumbo Loans Amid Market Turmoil

Wells Fargo & Co. substantially curtailed its program for making large loans this week, one of the most pronounced signs yet of how the recent market turmoil is cutting off access to some types of mortgages. → Read More

U.S. Bank Stocks Hammered as Coronavirus Spreads

Shares of global banks fell into correction territory this week, reflecting fears that financial institutions could take a hit if coronavirus continues to spread. → Read More

Wells Fargo Reaches Settlement With Government Over Fake-Account Scandal

Wells Fargo will pay $3 billion to settle investigations by the Justice Department and the Securities and Exchange Commission over its long-running fake-account problems. → Read More