Telis Demos

The Wall Street Journal

PacWest and the Bank Confidence Genie

By: Telis Demos, Aaron Back

Shares of the regional bank are tanking as traders start to price in a “burned down” book.

The Wall Street Journal

Banks Are in the Grips of Investor Crisis of Confidence

By: Telis Demos

First Republic Bank’s failure demonstrates why lenders are vulnerable to a loss of faith.

The Wall Street Journal

PayPal Is Growing, but Not the Way it Used To

By: Telis Demos

Much faster growth in behind-the-scenes processing payments is pressuring the company’s profit margins.

The Wall Street Journal

When Buying Now and Actually Paying Later Isn’t Enough

By: Telis Demos

Affirm is seeing its rate of delinquent payments drop, but now attention is turning to pricing.

The Wall Street Journal

Robinhood Is Making More Revenue From Money Sitting Than YOLO-ing

By: Telis Demos

For the first time since at least the start of the pandemic, Robinhood Markets generated more revenue in the first quarter from money sitting than from money moving. Transaction-based revenue—which Robinhood generates when people trade stocks, options or cryptocurrencies—was $207 million in the q

The Wall Street Journal

Regional Banks Can’t Catch a Break

By: Telis Demos

Even as some key indicators stabilize for midsize lenders, their shares remain under pressure.

The Wall Street Journal

For Banks, Debt-Ceiling Drama Doesn’t End With a Deal

By: Telis Demos

A wall of money to replenish the government’s cash hole could cause instability if it makes banks’ deposit issues worse.

The Wall Street Journal

These Bank Alternatives Can Keep Cash Rolling In

By: Telis Demos

Fundraising by managers of private-equity, real-estate and private-credit funds has slowed, and some look cheap.

The Wall Street Journal

Commercial Real Estate Can Be a Problem for Banks, and Also a Solution

By: Telis Demos

Banks need to do more higher-yielding lending, but also have to be wary of the risks.

The Wall Street Journal

California’s Homeowner Insurance Shakeout Is About Interest Rates, Too

By: Telis Demos

Higher rates are driving shifts in how the insurance market handles climate risk.