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Previous Newsletters
UE Claims Jump; JPM Earnings Crush; IPO/SPAC Mania + Affirm
by Tito Donis | Jan 19, 2021
Greetings, This week, we examine Affirm’s blockbuster IPO performance, Visa and Plaid’s abandoned merger, Walmart’s entry into fintech, and earnings season kick off with JPM, C, and WFC. Also, we’re happy to share that PeerIQ has been selected for Phase III of FDIC’s...
Macro News; SoFi SPAC; Affirm $1Bn IPO; Next Wave of PPP; CFPB vs. OCC
by Tito Donis | Jan 11, 2021
Greetings,Wishing all of our readers a very happy and healthy new year! Lots of news to kick off 2021 - SoFi looking to go public via SPAC; OCC’s groundbreaking guidelines on cryptocurrency for banks; our partner, Cross River in the next round of PPP; and, Affirm’s...
As 2020 Comes to a Close, the SEC Greenlights New Direct Listing Model and Acima Nets a Sale
by Tito Donis | Dec 28, 2020
Greetings,As we’re heading into the last few days of 2020, a couple of notable developments on a holiday-shortened week: e-commerce continues to shine, with $172Bn of holiday spending, a bright spot amid a cooling economy; the SEC gave the NYSE the green light for a...
In Markets, Upstart Starts Strong at $3Bn+; In the Real World, Unemployment Up and Spending Down. What’s Next?
by Tito Donis | Dec 21, 2020
Greetings,Lots to cover this week, including a slowdown in U.S. economic recovery as unemployment claims approach 900k and spending falls by 1.1%; clarity from the FDIC on ILCs and brokered deposits.It was also another standout IPO week, with Upstart more than...
Record Mortgage Lending; Paysafe $9Bn SPAC; COF Beats Down Buy Now Pay Later
by Tito Donis | Dec 14, 2020
Greetings,This week, we look at growing consumer confidence and a potentially record year for mortgage lending, even as unemployment filings tick back up.We also examine some of the regulatory priorities for an incoming Biden administration; and the “Next Top SPAC”...
Stripe Dials Up BaaS; Embedded Finance; Black Friday Firmly Digital
by Tito Donis | Dec 7, 2020
Greetings,This week, we look at the grinding economic recovery in the U.S. and its flow-through impact to consumers, with online holiday spend up nearly 20% YoY even as overall spending dropped. We also look at Stripe’s Treasury launch, as their partnership with...
Macro Update; Affirm’s S-1 and Warrants deal for Shopify; Marqeta Hitches a Ride
by Tito Donis | Nov 23, 2020
Greetings,This week, we dig into Affirm’s S-1 as the e-commerce enabler looks to bring holiday cheer to its investors. We touch on some of the other industry highlights of the week such as Marqeta inking a global partnership with Uber.And finally, a programming note:...
Job Openings at Pre-COVID Level; Pfizer’s 90% Effective Vaccine; Better Rockets to $4Bn
by Tito Donis | Nov 13, 2020
Greetings,This week, we look at the steady job market recovery, with job openings back to pre-COVID levels; Pfizer’s big COVID vaccine breakthrough (the first among many); the last set of earnings, from GSKY, ELVT, and RKT; and industry financing news, as Better.com...
Biden-Harris Elected; Jobless Claims Fall; LendingClub, Square, PayPal Earnings; Beijing Squashes an Ant
by Tito Donis | Nov 9, 2020
Greetings,The venerable Associated Press named Joe Biden and Kamala Harris as President and Vice President Elect this weekend.Republicans grew the number of seats in the House and maintained control of the Senate (notwithstanding two Georgia Senate run-off races in...
Record 3Q GDP Gains; M&A continues – Bread Sells to Alliance Data
by Tito Donis | Nov 2, 2020
Greetings,This week, we examine continued evidence of the U.S. consumer’s steady recovery, with household income up 0.9% and a record quarterly GDP increase; we share a few thoughts on the latest set of 3Q earnings, with “stabilization” as the key theme at OneMain and...