Cross River Intelligence Archives

November 2023

Toyota’s $60Mn Settlement; Binance’s $4.3Bn AML Agreement; Arch Raises $20Mn

By Cole Gottlieb

November 26, 2023

Happy Sunday and Happy Thanksgiving weekend, Initial unemployment applications dropped. Consumer inflation expectations rise. Toyota reaches $60Mn CFPB settlement. Arch raises $20Mn Series A. Monzo in talks with Alphabet for fresh funding. Binance reaches $4.3Bn AML settlement. OpenAI and Altman reach agreement for his return. Visa deepens partnerships with Remitly, Paysafe. OneMain to acquire ...


U.S. Credit Downgraded; FDIC’s Toxic Workplace; Imprint Raises $75Mn

By Cole Gottlieb

November 19, 2023

Happy Sunday, U.S. downgraded by Moody’s. Consumer spending in October fell. FDIC’s toxic workplace culture. Enova hit with new CFPB order. Zelle now refunding some defrauded users. Blockchain startup Fnality raises $95Mn. Cobrand card platform Imprint raises $75Mn. Blockchain.com announces $110Mn Series E. JPMC was biggest winner from SVB’s collapse. Blue Ridge suspends divi ...


Revolving Debt Hits Record; FTC vs. Brigit; Klarna Looks to IPO

By Cole Gottlieb

November 12, 2023

Happy Sunday, We haven’t beat inflation (yet), and a soft landing is still possible. Revolving debt hits a record as delinquencies increase. FTC takes action against Brigit. CFPB seeks to supervise digital wallets. Goldman looks to dump GM card. Klarna returns to profitability, eyes IPO. Affirm expands B2B BNPL. Earnings season continues. New here? Subscribe here to get our newsletter ...


Fed Holds Rates Steady; Charlie Raises $16Mn; Monzo in Funding Talks

By Cole Gottlieb

November 5, 2023

Happy Sunday, Fed holds rates steady. Job market exceeds expectations. Most Americans get 3% or less on savings. Borrowers struggle to keep up with card payments. Charlie raises $16Mn Series A. Monzo in talks for fresh funding as it eyes IPO. BNPL Zilch scores eBay investment. Synapse is running out of time. Stax makes an acquisition. SoFi and Pagaya report earnings. New here? Subscribe her ...