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Saturday, October 21, 2017

Sallie Mae posts earnings gain in third quarter

Sallie Mae reported a strong third quarter.  “The third quarter includes the back-to-school season for millions of families and the peak of our lending activity. It is gratifying to have helped 221,000 students return to...

Companies to see decline in workers comp insurance rates

Delaware will see  a decrease in workers comp  insurance Rates, effective December 1. “I am thrilled to see an agreement come so quickly from the Delaware Compensation Rating Bureau (DCRB), the Ratepayer Advocate, and my...

Wilmington Trust settlement puts dent in M&T earnings

M&T reported higher earnings in the third quarter as a settlement with predecessor bank Wilmington Trust putting a dent in results.  Diluted earnings per common share measured in accordance with generally accepted accounting principles  (GAPP...

Settlement reached between U.S. Attorney and successor bank of Wilmington Trust

M&T has agreed to settle a criminal case over the disclosure of bad loans by predecessor Bank Wilmington Trust. The settlement will total $60 million. The settlement led to a delay in the trial of...

WSFS unveils new design at its oldest branch bank office

WSFS Financial Corporation, the parent company of WSFS Bank,  announced the completion of the renovation of the Union Street banking office with a recent ribbon cutting and dedication to Wilmington ceremony. Elected officials, customers and...

Deal with bank, trial delay, reported in Wilmington Trust case

Delaware Online reported today that the trial of former Wilmington Trust executives will be delayed until next year after a deal was reached with the financial services company.  The trial had been slated to get...

Navient to acquire online student lender Earnest

Navient is moving into the student lending business with the announcement that it has entered into a $155 million deal to acquire Earnest, an online based student and personal company based in San Francisco. Navient...

Student loan servicer Navient vows to fight PA Attorney General’s lawsuit

Wilmington-based student loan servicer Navient came out swinging in responding to a lawsuit by the Pennsylvania Attorney General over its business practices. Navient shares were down 13 percent in Thursday trading. The company issued the following...

Jury selection under way in trial of former Wilmington Trust execs

Jury selection has begun for a trial to determine if four former Wilmington Trust executives are guilty of conspiracy and false statements. The expected six-week trial is scheduled to begin Oct. 10 in district court...

Trial of former Wilmington Trust execs to get under way

The trial of former Wilmington Trust executives gets underway this week. In 2015, Former Wilmington Trust President, Robert V.A.  Harra and other executives have been indicted on federal charges related to concealing information on bad loans...