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Cross River Bank
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Summary
location iconFort Lee, New Jersey
website
company sizeCompany size: 501-1000
total assetsTotal Assets: $5B - $10B

Cross River Bank is a financial services provider based in Fort Lee, New Jersey founded in 2008. Cross River Bank provides technology infrastructure for financial services including real-time banking core technology, scalable embedded payments, cards, lending, and crypto solutions for consumers and businesses.

Categories
Commercial Banks
Digital Services
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Cross River Bank - Recent News & Articles

Consumer sentiment drops sharply in February as inflation worries soar

The University of Michigan’s gauge of consumer sentiment fell to 67.8 in a preliminary February reading, down from 71.1 in the prior month and the lowest reading since July. Economists polled by the ...

Source: MarketWatch

The BNPL Boom: The Good, The Bad, and The Regulatory Challenge

In the summer of 2022, a young marketing executive in London, eager to revamp her wardrobe, clicked “Pay in 4” at checkout. The process was seamless—no credit check, no hassle, and most importantly, n...

Source: Finextra

India’s central bank cuts rates for the first time in nearly five years, forecasts faster growth next year

The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The central bank forecast real ...

Source: CNBC

Fed officials are raising concerns about the impact Trump’s tariffs could have on inflation

In recent days, multiple central bank policymakers not only have noted the uncertainty surrounding tariffs, they also have highlighted the potential impact on inflation. Chicago Fed President Austan G...

Source: CNBC

How AI Agents and Crypto Will Revolutionize Commerce

Web3 technologies are poised to transform the world of commerce just as Web2 revolutionized access to information. The result will be a vast, open, liquid digital marketplace where all physical goods ...

Source: Coindesk

‘Leveraged to the hilt’: PE-backed firms hit by wave of bankruptcies

Higher interest rates and lower consumer spending are squeezing debt-laden companies backed by private equity groups, forcing them to either restructure through bankruptcy or buy time to recover via o...

Source: Financial Times

China keeps benchmark lending rates unchanged as it contends with a weakening yuan

The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement. The PBOC has ramped up measures lately to avoid a sharp fall in the cur...

Source: CNBC

WaFd sheds 8% of staff with mortgage exit

WaFd Bank is exiting the single-family mortgage lending business, spurring an 8% reduction in the lender’s workforce, the Seattle-based bank said Thursday. The job cuts affect 174 employees, based on ...

Source: Banking Dive

Bank of Korea leaves rates unchanged in a surprise move, warns GDP growth ‘highly likely’ to miss forecasts

The Bank of Korea held its benchmark policy rate at 3% in a surprise move so as to assess changes in domestic and external economic conditions. The BOK’s decision surprised economists polled by Reuter...

Source: CNBC

Fed Governor Bowman says December interest rate cut should be the last

Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the “final step” in the easing process. Even with the full ...

Source: CNBC