Cross River Intelligence Archives

Happy Sunday, Buckle up, we have a long one this week, as many companies reported earnings, new consumer credit data dropped, and another bank may be entering receivership. GDP growth slowed. TransUnion consumer credit data. CFPB data breach fallout. SBA may loosen loan underwriting approach. Super.com’s Series C. Regulators look to auction off First Republic. Survey data suggests dep ...

Happy Sunday, Consumers’ expectations of future price increases rose. Fed Governor says more tightening needed. Mortgage rates rose, apps for purchase dropped. SBA finalizes new rules for 7(a) program. Era of easy deposits is over. Concern over escalating FHLB use. Apple launches savings. First Republic’s coming to regret focus on the wealthy. Affirm upsizes ABS offering. Earnings ...

Happy Sunday, Overall inflation cooled, but core CPI remains elevated. Markets expect another 0.25 hike, but Fed officials are divided. IMF expects U.S. growth to slow. Chopra discusses deposit insurance in wake of bank crisis. Clear Street raises $270Mn. Auditors missed red flags before SVB collapse. Walmart sues Capital One. Union Credit partners with TransUnion on POS financing. Visa announ ...

Happy Sunday, There are signs the job market is finally slowing. Senators from both parties want more Fed transparency. Frank founder faces civil, criminal charges in JPMC fraud case. Sunlight Financial picks Cross River for SVB debt refi. Acorns acquires GoHenry. Greenlight goes B2B. FDIC looks to sell Signature loan portfolio. SoFi acquires Wyndham Capital Mortgage. Community banks stem depo ...

Happy Sunday, GDP grew by 2.6% in Q4. Unemployment claims tick up. Bank regulators testify, hint at possible reforms in wake of bank crisis. Fed details why it turned down Custodia. European banks face tax dodge fallout. First Citizens acquires most of failed SVB. Apple Pay Later launches. EWS announces Paze wallet. New here? Subscribe here to get our newsletter each Sunday. For even more u ...