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Articles by Ben Glickman
Rising Interest Rates Threaten to Spoil the Party for Big Banks
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Bank of America to Pay $1.2 Billion to Settle Violations of Money Laundering, Sanctions Laws
Treasury and regulators say bank missed $5 billion in suspicious activity Regulators fined Bank of America BAC -1.14%decrease; down pointing triangle $1.2 billion after finding it had insufficient systems to monitor and report possible financial crimes, including money laundering by Chinese underground bankers and suspicious activity along the southwest U.S. border.
米大手銀の好調ムード、金利上昇が水を差す恐れ
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利率攀升威胁大银行盈利引擎，美股受到拖累
高盛与摩根大通利润实现增长，但华尔街的情绪正趋于谨慎。 美国经济表现出韧性，市场波动又推动交易量激增，大型银行的利润仍在增长。但这些银行警告称，利率上升可能让好日子告一段落。 摩根大通(JPMorgan Chase)、高盛(Goldman Sachs)、花旗集团(Citigroup)和富国银行(Wells Fargo)周二公布的第三财季利润和收入均高于上年同期。人工智能热潮带来源源不断的融资需求、股票市场波动以及消费者支出持续强劲，都是推动业绩增长的部分因素。 Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 立即订阅 热门文章 热门视频
Bank of America to pay $1.2 billion to settle violations of money laundering, sanctions laws
Regulators fined Bank of America $1.2 billion after finding it had insufficient systems to monitor and report possible financial crimes, including money laundering by Chinese underground bankers and suspicious activity along the southwest U.S. border.
Rising interest rates threaten to spoil the party for big banks
Big banks are still raking in higher profits on the strength of a resilient U.S. economy and volatile markets that have led to a surge in trading. But they warned rising interest rates could spoil the fun.
Trump throws his weight behind credit-card legislation most feared by banks
A credit-card bill that could dent banks' profits and erode Visa's and Mastercard's dominance has a new champion, and he sits in the Oval Office. President Trump, Vice President JD Vance and some top lieutenants on the campaign trail have endorsed a long-stalled legislation that would give merchants the option to choose a different card network to process transactions when their customers use a credit card.
Trump Throws His Weight Behind Credit-Card Legislation Most Feared by Banks
Bill could upend the system that moves billions of dollars in fees that merchants hate and banks use to power rewards President Trump, Vice President JD Vance and some top lieutenants on the campaign trail have endorsed a long-stalled legislation that would give merchants the option to choose a different card network to process transactions when their customers use a credit card. Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Wall Street bonuses are expected to hit another high this year
Wall Street took home a record bonus haul in 2025. This year is expected to be even better. The nation's biggest banks have raked in profits from both Wall Street businesses and their Main Street consumers, reflecting booms in corporate dealmaking, initial public offerings, artificial intelligence and market volatility as well as a resilient consumer .
AIは銀行の脅威か 預金「自動管理」が実現する日
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AIは銀行の脅威か 預金「自動管理」が実現する日
人工知能（AI）のアシスタントが近いうちに家計の財務を管理するようになるかもしれない。それは銀行にとって大きな問題となり得る。 米国人は毎年、いわゆる「怠惰税」によって計り知れない額のお金を失っている。住宅ローンの借り換えを怠ったり、支払いを忘れて延滞料を払ったりするのがその例だ。ほとんど、あるいは全く金利のつかない当座預金口座や普通預金口座に多額の現金を放置しておくことも、ひそかに資産を減らす要因である。 Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
AIは銀行の脅威か 預金「自動管理」が実現する日
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
Can AI Bots Sweep Your Money Into a Higher Interest Account? — WSJ
Can AI Bots Sweep Your Money Into a Higher Interest Account? — WSJ NWS That's the approximate amount sitting in consumer and business bank checking accounts that often bear little or no interest. Now, artificial intelligence is threatening to put an end to all that, with potentially big implications for banks and their customers. Read more here. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
Lazy Customers Are Great for Banks. Could AI Change that? — WSJ
AI assistants may soon run your financial life. That could be a big problem for banks. Americans forgo untold sums of money every year on what some might call a laziness tax, for oversights like failing to refinance their mortgage or incurring a late fee after forgetting to pay a bill. Another silent wealth killer: keeping too much cash sitting in checking or savings accounts that pay little or no interest. Now, artificial intelligence is threatening to put an end to all that.
The rise of the almost-premium credit card
It used to be that $500 would get you a premium credit card. Now it gets you something just below that. The popularity of ultra-luxe cards with ever-higher annual fees has led to a reshuffling of the market, with cards just below that tier now making up a new category for the not-quite-rich enough.
Mastercard joins Visa in letting AI bots do your shopping
Big credit card companies that power the payments world see a time coming soon where AI bots do your shopping—even without checking with you before making purchases. Mastercard rolled out an artificial-intelligence payment option Thursday for everyday purchases, through a partnership with the startup Alchemy, the companies said.
Mastercard joins Visa in rolling out AI bots that can do your shopping
The behemoths that power the payments world are laying the groundwork for a universe where artificial-intelligence bots do your shopping. Mastercard plans to roll out an agentic payment option this week for everyday purchases, through a partnership with the startup Alchemy, the companies told The Wall Street Journal. Alchemy allows users to issue virtual cards to AI bots with set restrictions, such as a cap on how much it can spend and on what type of products.
Bank CEOs: Consumers Are Spending, Including on Movies and Cruises — WSJ
Bank CEOs: Consumers Are Spending, Including on Movies and Cruises — WSJ WFC PNC It's all systems go for the American consumer, say bank executives, including strong spending on travel and entertainment. "There is still quite strong spending across the board, and it has just not been changing really at all," said Wells Fargo CFO Mike Santomassimo at an investor conference.
How PayPal's CEO is planning to go it alone and fix the payments giant
PayPal's new chief executive, Enrique Lores, is mapping out his plans for going it alone rather than selling the company for more than $50 billion. Wall Street, so far, isn't crazy about it. Lores, in the job now for just over six months, wants to remake parts of the business that have been lackluster for years, launch new features and slash billions of dollars in costs.
How PayPal's CEO Is Planning to Go It Alone and Fix the Payments Giant — WSJ
PayPal's new chief executive, Enrique Lores, is mapping out his plans for going it alone rather than selling the company for more than $50 billion. Wall Street, so far, isn't crazy about it. Lores, in the job now for just over six months, wants to remake parts of the business that have been lackluster for years, launch new features and slash billions of dollars in costs.
How PayPal’s CEO Is Planning to Go It Alone and Fix the Payments Giant
A $50 billion buyout is stalled but Enrique Lores could make a $25 million bonus if Wall Street buys into his plans to transform payments company Sept. 11, 2026 12:07 pm ET Previously chair of PayPal, Enrique Lores was thrust into the CEO role in February to the surprise of analysts. Victor Llorente for WSJ PayPal’s PYPL 0.77%increase; up pointing triangle new chief executive, Enrique Lores, is mapping out his plans for going it alone rather than selling the company for more than $50 billion.
A Texas Banking Billionaire and His Children Are Locked in a Bitter Succession Drama
Billionaire Gerald J. Ford and his children are fighting over control of Hilltop Holdings, a $2.2 billion financial-services company Jeremy Ford, left, and Gerald J. Ford in 2022. John Cain A family battle over a billionaire’s fortune, from boats and a jet to Dallas Cowboys tickets, is rankling the board of a small regional bank in Texas. Texas banking veteran Gerald J.
A Texas Banking Billionaire and His Children Are Locked in a Bitter Succession Drama — WSJ
A family battle over a billionaire's fortune, from boats and a jet to Dallas Cowboys tickets, is rankling the board of a small regional bank in Texas. Texas banking veteran Gerald J. Ford is ensnarled in a legal fight with some of his adult children over a large stake in Hilltop Holdings, the $2.2 billion financial-services holding company he forged.
Truist Names Harold Ford Jr. as Adviser — WSJ
Truist Names Harold Ford Jr. as Adviser — WSJ TFC Truist Financial named a former U.S. congressman, Harold Ford Jr., as a vice chairman and strategic adviser. Ford has worked in banking and finance since departing the House of Representatives in 2007, most recently at PNC Financial Services Group. He was a senior adviser at Morgan Stanley until he was fired in 2017, after the bank investigated a claim of inappropriate conduct which he vigorously denied.
Private-equity firms look for an exit three years after buying EverBank
Florida-based EverBank is up for sale three years after a group of private-equity firms banded together to buy the online bank, according to people familiar with the matter. The bank, the sponsor of the Jacksonville Jaguars stadium and brand partner of quarterback Trevor Lawrence, could pursue an initial public offering if it isn't able to reach a deal to sell itself, the people said. The sales process has been a monthslong slog, according to some of the people.
Central Banks Are Stuck in a Rinse-and-Repeat Cycle of Crises
Investors can’t stop piling more money into stock-market bets. Wall Street is making a killing on it. JPMorgan Chase JPM 1.17%increase; Goldman Sachs GS 1.06%increase; and the other three biggest banks on Wall Street are on pace to have their best trading years ever, after a second-quarter boom in activity. In the past, such gargantuan hauls for trading desks have been a sign of turmoil in the markets. For several banks, the previous record-trading year was 2009, when the market was going haywire.
JPMorgan ended banking relationship with Polymarket over regulatory concerns
JPMorgan Chase ended its banking relationship with prediction market Polymarket last October over regulatory concerns, according to people familiar with the matter. The move adds fuel to fights in Washington over debanking and growing nationwide scrutiny of prediction markets' business practices, though the bank still maintains some ties to Polymarket and other prediction-market companies.
The Investment Case for Space
Investors can’t stop piling more money into stock-market bets. Wall Street is making a killing on it. JPMorgan Chase JPM 1.17%increase; Goldman Sachs GS 1.06%increase; and the other three biggest banks on Wall Street are on pace to have their best trading years ever, after a second-quarter boom in activity. In the past, such gargantuan hauls for trading desks have been a sign of turmoil in the markets. For several banks, the previous record-trading year was 2009, when the market was going haywire.
ゴールドマン、「ブーマーキャンディー」で富裕層取り込み
米金融大手ゴールドマン・サックスは、富裕層顧客による投資拡大を目指しており、ベビーブーマー（団塊の世代）向けの「ブーマーキャンディー」と呼ばれる商品ラインアップの拡充が追い風になるとみている。 ゴールドマンは12日、アクティブ運用型上場投資信託（ETF）を手掛ける米ネオス・インベストメンツを最大22億5000万ドル（約3600億円）で買収すると発表した。ネオスの運用資産額は300億ドルに上る。 Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Goldman Sachs is doubling down on investor hunger for 'boomer candy'
Goldman Sachs wants more wealthy clients to invest with it and is betting even more “boomer candy” options will help. The Wall Street bank on Wednesday said it would pay up to $2.25 billion to acquire NEOS Investments, a provider of actively managed exchange-traded funds with $30 billion in assets. NEOS specializes in ETFs that use options strategies to maximize regular payouts and limit tax bills.
Goldman Sachs Is Doubling Down on Investor Hunger for ‘Boomer Candy’
Goldman Sachs wants more wealthy clients to invest with it and is betting even more “boomer candy” options will help. The Wall Street bank on Wednesday said it would pay up to $2.25 billion to acquire NEOS Investments, a provider of actively managed exchange-traded funds with $30 billion in assets. Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
美国房贷之王亏损6亿美元，被迫寻求救助
马特·伊什比亚(Mat Ishbia)通过经营美国最大的房贷机构发家致富。倚仗着自己的财富，他曾豪掷40亿美元现金买下NBA的菲尼克斯太阳队(Phoenix Suns)，并在密歇根州建造了一座带有蹦床公园和攀岩墙的豪宅。 上周，这位商人发布的消息令投资者大感震惊，一时机不当的押注让他的公司United Wholesale Mortgage出现了6亿美元的资金缺口。这家总部位于密歇根州庞蒂亚克的公司宣布将暂停派发普通股股息，并从专门向陷入困境的公司提供贷款的Oaktree Capital Management那里获得融资。UWM股价大跌35%，今年以来的累计跌幅达到约70%。 Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
America’s Mortgage King Lost $600 Million and Needed a Rescue
Billionaire Mat Ishbia was in trouble after a failed takeover and mistimed bets on interest rates Mat Ishbia, CEO of United Wholesale Mortgage and owner of the NBA’s Phoenix Suns. Darryl Webb/Associated Press Mat Ishbia made a fortune by running the largest mortgage lender in the country. He used his wealth to buy the NBA’s Phoenix Suns for $4 billion in cash and to build a mansion in Michigan with a trampoline park and rock-climbing wall.
America's mortgage king lost $600 million and needed a rescue
Mat Ishbia made a fortune by running the largest mortgage lender in the country. He used his wealth to buy the NBA's Phoenix Suns for $4 billion in cash and to build a mansion in Michigan with a trampoline park and rock-climbing wall. The businessman surprised investors last week when he revealed that an ill-timed wager had left his company, United Wholesale Mortgage, with a $600 million hole.
America’s Mortgage King Lost $600 Million and Needed a Rescue
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UAE and Saudi Arabia lead MENA outbound investment activity in H1 2026
Gold is one of the market’s go-to hedges in rocky times. Don’t forget that gold miners’ stocks are too. The stock market’s gains in 2026 belie the rocky macroeconomic picture: elevated inflation, heightened geopolitical tensions, and jitters about the artificial-intelligence trade. That backdrop, in theory, should be the time for gold to shine. Instead, the price of the yellow metal has tumbled more than 5% so far, after last year’s blistering 65% rally.
Egypt’s annual urban consumer price inflation quickens to 14.9%
Investors can’t stop piling more money into stock-market bets. Wall Street is making a killing on it. JPMorgan Chase JPM 1.17%increase; Goldman Sachs GS 1.06%increase; and the other three biggest banks on Wall Street are on pace to have their best trading years ever, after a second-quarter boom in activity. In the past, such gargantuan hauls for trading desks have been a sign of turmoil in the markets. For several banks, the previous record-trading year was 2009, when the market was going haywire.
Why These Bargain Stocks Can Outshine Gold
Gold is one of the market’s go-to hedges in rocky times. Don’t forget that gold miners’ stocks are too. The stock market’s gains in 2026 belie the rocky macroeconomic picture: elevated inflation, heightened geopolitical tensions, and jitters about the artificial-intelligence trade. That backdrop, in theory, should be the time for gold to shine. Instead, the price of the yellow metal has tumbled more than 5% so far, after last year’s blistering 65% rally.
Bankers are betting on supersize bonuses this year with profits surging
Traders and investment bankers are reigning supreme on Wall Street, at least if you're judging by their bonuses. Those employees work in banks' hot spots this year and are expected to see year-end bonuses rise as much as 30% from a year ago, according to a report from compensation consultant Johnson Associates.
Bilt cardholders hit with mistaken collections notices on phantom balances
Bilt is dealing with another headache tied to its popular rewards-for-rent credit card. Cardholders recently got collections notices for overdue balances that weren't theirs, with their credit scores taking a hit as a result. A Bilt spokesman said that roughly 1,850 cardholders were affected and that it moved quickly to correct the errors.
Bilt Cardholders Hit With Mistaken Collections Notices on Phantom Balances
Bilt is dealing with another headache tied to its popular rewards-for-rent credit card. Cardholders recently got collections notices for overdue balances that weren’t theirs, with their credit scores taking a hit as a result. Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Europe’s Premier FX, Crypto & Fintech Event – Wiki Finance Expo Cyprus 2026 is Coming to Limassol This November!
Investors can’t stop piling more money into stock-market bets. Wall Street is making a killing on it. JPMorgan Chase JPM 1.17%increase; Goldman Sachs GS 1.06%increase; and the other three biggest banks on Wall Street are on pace to have their best trading years ever, after a second-quarter boom in activity. In the past, such gargantuan hauls for trading desks have been a sign of turmoil in the markets. For several banks, the previous record-trading year was 2009, when the market was going haywire.
Saudi Non-oil Sector Expands as New Orders Rise
Investors can’t stop piling more money into stock-market bets. Wall Street is making a killing on it. JPMorgan Chase JPM 1.17%increase; Goldman Sachs GS 1.06%increase; and the other three biggest banks on Wall Street are on pace to have their best trading years ever, after a second-quarter boom in activity. In the past, such gargantuan hauls for trading desks have been a sign of turmoil in the markets. For several banks, the previous record-trading year was 2009, when the market was going haywire.
Arab Bank H1 profit soars to $571m on higher fee income
Investors can’t stop piling more money into stock-market bets. Wall Street is making a killing on it. JPMorgan Chase JPM 1.17%increase; Goldman Sachs GS 1.06%increase; and the other three biggest banks on Wall Street are on pace to have their best trading years ever, after a second-quarter boom in activity. In the past, such gargantuan hauls for trading desks have been a sign of turmoil in the markets. For several banks, the previous record-trading year was 2009, when the market was going haywire.
Treasury Warns Banks It Might Intervene in Dollar-Yen Exchange Rate
The Japanese currency has weakened substantially against U.S. currency in recent years to near multidecade lows The U.S. Treasury Department has informed banks that it might make currency trades on Friday to support the Japanese yen and strengthen its exchange rate against the dollar, according to a person familiar with the matter. The message was delivered by the Treasury to major banks on Friday via the New York Fed, which acts as the Treasury’s agent for trades in financial markets.
Treasury warns banks it might intervene in dollar-yen exchange rate
The U.S. Treasury Department has informed banks that it might make currency trades on Friday to support the Japanese yen and strengthen its exchange rate against the dollar, according to a person familiar with the matter. The message was delivered by the Treasury to major banks on Friday via the New York Fed, which acts as the Treasury's agent for trades in financial markets.
The Middle East’s Top 10 Finance Influencers 2026
Investors can’t stop piling more money into stock-market bets. Wall Street is making a killing on it. JPMorgan Chase JPM 1.17%increase; Goldman Sachs GS 1.06%increase; and the other three biggest banks on Wall Street are on pace to have their best trading years ever, after a second-quarter boom in activity. In the past, such gargantuan hauls for trading desks have been a sign of turmoil in the markets. For several banks, the previous record-trading year was 2009, when the market was going haywire.
Visa将裁员2,600人，以顺应支付行业变局
Visa将裁员2,600人，约占其员工总数的7%，以适应迅速变化的支付行业。 首席执行官瑞安·麦金纳尼(Ryan McInerney)在一份致员工的内部通知中表示，受影响的职位大部分集中在技术和产品团队，但裁员将涉及整个公司。他指出，技术趋势正在催生“支付领域千载难逢的拐点”，改变着全球资金的流动方式。 Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
FIFA exploring stake sale in new $20 billion entity
FIFA, soccer's highest governing body, is exploring raising more than $4 billion by selling a stake in a new commercial venture. The venture would be valued at around $20 billion and house the group's broadcast rights, sponsorship, ticketing and licensing businesses across men's, women's and youth soccer, FIFA said Tuesday. It said is working with investment bankers at JPMorgan and advisers including OpenEconomics.
FIFA Explores Stake Sale in New $20 Billion Entity
The soccer body looks to capitalize on the success of the World Cup FIFA President Gianni Infantino, waving, during a World Cup match in Atlanta earlier this month. Paul Childs/Reuters FIFA, soccer’s highest governing body, is exploring raising more than $4 billion by selling a stake in a new commercial venture.
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