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Tuesday, August 20, 2019

Four Chase bank branches to open by the end of the year

JPMorgan Chase is moving forward with plans for four more northern Delaware branches by the end of the year. JPMorgan Chase, the state's largest for-profit employer plans to open 10 to 12 Delaware branches in...

The Bancorp reports surge in earnings

The Bancorp, Inc., north Wilmington, reported higher earnings for the second quarter. Net income increased to $11.4 million for the quarter ended June 30, 2019, compared to $6.1 million for the quarter ended June 30,...

Del. Valley sees nation’s fastest employment  growth based on job openings

Pay gains remain tiny, GlassDoor report indicates The Philadelphia metro area showed the strongest growth among large metropolitan areas, based on the number of job openings, although pay gains remain modest. The report came from GlassDoor...

WSFS stock drops on news of higher loan loss provisions

WSFS Financial Corp. raised loan loss provisions from two customers apparently inherited in the merger with  Philadephia based Beneficial. Shares of WSFS fell about 3.7 percent in Wednesday trading on an up day for stock...

Report: Fintech a powerful force in Delaware economy

A report on financial technology (Fintech) in Delaware takes note of a growing sector of the economy that is attracting new players and legacy banks. The report, researched and authored by the Delaware Prosperity Partnership,...

Barclays plans to cut 500 jobs in Delaware as it moves positions to...

Big cuts are on the way at Barclays operations in Wilmington.  Barclays announced. via press release that it will relocate approximately 500 jobs from its offices in Wilmington to a new campus in Whippany, New...

Bank of Princeton completes purchase of former WSFS-Beneficial branches

The Bank of Princeton announced that it has successfully completed the previously announced acquisition of five branches located in Bordentown, Browns Mills, Chesterfield, Deptford, and Sicklerville, in New Jersey. The branches were part of Beneficial...

Navient selling student loan collection business

SinglePoint Group International Inc., a  provider of specialized call center services for North American businesses, announced  it has reached an agreement to buy a student loan collections service owned by Wilmington-based Navient. Financial terms of...

New York-based fintech buys Delaware Board of Trade

Ideanomics  a New York-based financial technology company has acquired an additional 71.7 percent stake in Wilmington-based Delaware Board of Trade Holdings, Inc. Ideanomics now owns 98.4 percent of the trading platform and related companies. The acquisition is valued...

If your family members paid TurboTax but made under $34,000, a refund...

We recently laid out how TurboTax uses decreptive design and misleading ads to get people to pay for their taxes, even when they are eligible to file for free. But you might be able...