Cross River Intelligence Archives

Happy Sunday, Slower rate hikes. Home sales pickup, a little. Debt ceiling showdown looms. Fed probes Goldman’s Marcus. Sanctions startup raises $45Mn. B2B BNPL company raises $100Mn. DailyPay announces fresh funding. Banks plan their own digital wallet. Rich customers seek out better rates for idle deposits. New here? Subscribe here to get our newsletter each Sunday. Slower Rate H ...

Happy Sunday, Retail sales, PPI fall in signs of slowing economy. OCC warns big banks might be “too big to manage.” CFPB sets sights on cross-border fees. Tabby, BNPL for MENA, raises $58Mn. Signature taps FHLB funding. Tech and banking layoffs continue. New here? Subscribe here to get our newsletter each Sunday. Retail Sales, PPI Fall U.S. retail sales fell 1.1% in Decemb ...

Happy Sunday, Inflation finally shows signs of cooling. But, some analysts warn it could stay higher for longer than the markets are predicting. Some on the Fed agree. CFPB’s 2023 agenda: fees. Butter raises a $22Mn Series A. Crypto on-ramp Wyre is back from the dead. Tech and banking layoffs continue. Stripe cuts its “internal” valuation. JPMorgan sues founders of a financia ...

Happy Sunday, One-third of global economy could enter recession this year. The U.S. job market remains robust. Fed remains committed to fighting inflation. FTC seeks to ban noncompete clauses. Banking regulators issue joint guidance on crypto. Celsius “Earn” users face bankruptcy setback. Coinbase reaches $100Mn settlement with NYDFS. Wyre winds down. Goldman’s consumer head ...

Happy New Year! Jobless claims edge up. Baby boomers opt to retire. Home prices continue to slide as pending home sales keep dropping. Inflation hitting middle-income households hardest. Consumers see paltry payout from Equifax’s 2017 data breach. Consumer advocates file amicus brief in CFPB discrimination case. Mastercard enters consent order with FTC over debit routing. Fidelity eyes t ...