News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Banks left QEasey by Fed's efforts

Big banks are trying to figure out what to do with all their cash

How times have changed. Four years ago, investors worried banks wouldn't have enough money to keep running. Today, big US banks are struggling with all the cash they have.

Clearly, that is a better problem to have. But it is still a problem, as shown by solid third-quarter results Friday from Wells Fargo and JP Morgan Chase. They brought into sharp relief the blessing and curse of the super-low interest rates brought about by the Federal Reserve.

WSJ Logo