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Friday, June 14, 2019

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...

WSFS 1st quarter net declines due to  costs arising from  Beneficial buyout

 WSFS Financial Corporation  the parent company of WSFS Bank, reported lowest net income in the first quarter, due to costs related to the acquisition of Beneficial Bank. Earnings totaled  $13 million compared to net income...

Census estimates show immigration fueled growth in New Castle, with domestic migration boosting ...

The latest U.S. Census estimates show that international immigration accounted for much of the growth in New Castle County, with domestic migration accounting for population gains in faster-growing Sussex County. According to Census Bureau estimates,...

TD Bank’s retail credit card unit lands furniture maker Ethan Allen Interiors

TD Bank's, Wilmington-based Retail Card Services business announced a partnership with Ethan Allen Interiors Inc  Since 1932, the Connecticut-based company has been a manufacturer and retailer of home furnishings. The partnership will provide customers with flexible financing...

Delaware veteran unemployment rate below national average

Delaware is a good place for veterans seeking work. The unemployment rate for veterans is Delaware is 3 percent, the Delaware Department of Labor reported last week. By contrast, the jobless rate for non-veterans is around...