Ben Glickman

speaker

55 appearances 3 recordings 1 series first heard May 2026 last heard 4d ago

Ben Glickman’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 1.

Appearances

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WSJ What’s News · Who Are the Millions of Americans Locked Out of the Job Market? · 15 Jul 2026 podcast

And if you're an investor, like a big hedge fund or a mutual fund,

Your goal is to position yourself when things change.

And for each little trade that you do to position yourself, let's say you think that you need to sell oil because so-and-so happens in the Strait of Hormuz, the bank earns a small fee facilitating that trade for you.

So the more and more trades that clients make for the banks, the more that this revenue goes up for this part of their business.

There's also another part of it, which is banks provide financing for clients to make trades.

A lot of people might have heard this term margin loans, which is where you borrow money in order to make a bigger bet in the market.

These margin loans, it's been also a booming business.

Banks have said that they're dedicating more of their balance sheets toward lending to markets participants.

Institutional clients want to make bigger and bigger bets.

And all of that is positive for the trading desks at big banks.

Well, it's really a volume game.

And banks have succeeded in getting clients to agree to give them lots of trades.

There's a ton of volatility in the markets, stocks, bonds, commodities.

They're swinging around in their price a lot.

And that's very good if you're in the business of facilitating trades.

So generally, banks are loving it.

Thanks for having me.

Thanks for listening.

WSJ What’s News · Spirit Airlines Prepares to Shut Down · 1 May 2026 podcast

This opens up the possibility of other state legislation that could more significantly impede their ability to collect fees.

What the merchant trade groups will tell you is that the interchange fees that go to banks, they ended up being quite a significant expense.

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