Rising Borrowing Costs Threaten the Wall Street Party

P.M. Edition for Oct. 13. It was another strong quarter (wsj.com/finance/banking/rising-interest-rates-…) for some of the country’s biggest banks, but WSJ banking and payments reporter Ben Glickman (wsj.com/news/author/ben-glickman?mod=WSJ_WNPOD) says rising interest rates are darkening the mood on Wall Street. Plus, Journal housing reporter Nicholas Miller (wsj.com/news/author/nicholas-g-miller?mod=WSJ_…) tells us about a new type of mortgage (wsj.com/real-estate/new-mortgage-dscr-loan-d77…) that’s driving investment in some low-income neighborhoods. And Kimberly Guilfoyle has resigned as U.S. ambassador to Greece (wsj.com/politics/policy/white-house-calls-on-g…) following Journal reporting (wsj.com/politics/policy/guilfoyle-amex-donor-1…) that she had solicited payments from a Trump donor ahead of her confirmation. Alex Ossola hosts.

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