Cross River Intelligence Archives

Note: PeerIQ will make a significant corporate announcement this week. Stay tuned! Earnings season continued with reporting from card issuers. As PeerIQ observed last quarter, we continue to see a “tale of two cities”–a divergence in charge-off rates of card issuers and large money center banks. Discover reported a 55% increase in loan loss reserves citing re-normalization ...

Regulatory headlines and strong bank earnings dominated the headlines this past week. Interim OCC lead Ken Noreika came out in support of the FinTech charter and re-affirmed the power of the OCC to issue such charters. SEC Chair Jay Clayton shared his guiding principlesfor the agency, and identified areas to implement these principles in Enforcement and Examinations, Capital Form ...

Citigroup, J.P. Morgan and Wells Fargo reported Q2 bank earnings last week as earnings season kicked off. All three banks beat analyst expectations for earnings, but also posted declines in trading revenue: Source: WSJ, PeerIQ J.P. Morgan reported better than expected second quarter earnings, beating on the top and bottom line due to the company’s strong loan growth, partly d ...

We are pleased to release PeerIQ’s latest securitization tracker. Some highlights: This quarter we see quarterly issuance of $3.0 Bn, representing 76% growth over 2Q2016.  To date, cumulative issuance equals $21.9 Bn across 92 deals. Multi-seller club deals and self-sponsored deals have emerged at several leading platforms.  All deals were rated in this quarter, inc ...