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Wednesday, November 6, 2019

PNC names new Delaware market executive, signs long-term lease for downtown headquarters

PNC Bank has a new Delaware Market Executive and announced plans to keep its headquarters in Wilmington. PNC veteran Jim Hutchinson was named  Delaware Market Executive effective immediately. He has more than 30 years of...

TD Bank ranks first in regional JDPower small business banking report

TD Bank ranked  highest in small business banking in the  southern region, according to the 2019 J.D. Power Small Business Banking Satisfaction Study. TD Bank's overall small business customer satisfaction score reached 854 points for...

JPMorgan Chase may be eyeing expansion at other employment centers

JPMorgan Chase is reportedly looking outside New York City as it continues to grow. Bloomberg (limited page views) reported on the possibility of adding jobs in lower-cost areas like Delaware, Plano, TX  and Columbus, Ohio. Such...

M&T again ranks first in number of Delaware Small Business Administration loans

M&T Bank again ranked No. 1 in Delaware in the total Small Business Association-backed loans. In its overall footprint, M&T Bank extended 1,449 loans for a total of $178.8 million, which is up from 1,403...

Sallie Mae reports higher earnings

Sallie Mae reported higher earnings in the third quarter. Net income for the third quarter was $128 million, compared to $104 million during the same period a year earlier. Sallie Mae shares remained unchanged in Wednesday...

Navient shares rise after upbeat earnings report

Wilmington-based Navient reported higher earnings in the third quarter. Share prices rose more than 6 percent on Tuesday after earnings exceeded forecasts. Generally Accepted Accounting Principles' net income was $145 million compared to $114 million during the same...

Delaware-based Sallie Mae finds itself the subject of an NBC News segment

Sallie Mae has been able to largely escape the controversies that have swirled around the high level of student loan debt. However, the Christiana-Stanton company on Thursday found itself as the subject of a less-than-flattering story...

JPMorgan Chase reports surge in earnings

JPMorgan Chase reported higher earnings in the third quarter. Net revenue was $29.3 billion, $28.8 billion, $27.3 billion for the third quarter of 2019, second quarter of 2019, and third quarter of 2018, respectively. Net income...

Delaware jobless rate expected to remain steady

Unemployment rates for September are expected to decrease in New Jersey and remain unchanged in Pennsylvania and Delaware, according to the Federal Reserve Bank of Philadelphia’s nowcasts. The nowcast estimates are issued between the time...

Wilmington Trust adds investment management brand as investors seek downside protection

 Wilmington Trust announced today a new brand, Wilmington Investment Management (WIM), to help expand access to its proprietary suite of asset management solutions, including alternative funds, separately managed accounts, and mutual funds, to retail and institutional...