Navient seeks partial dismissal of lawsuit over loan forbearance practices
Wilmington-based student loan servicing firm Navient is seeking a partial summary judgment in a case involving its practices with borrowers struggling to make payments..
Gaining the judgment would dismiss some but not all charges in...
M&T to assist customers affected by federal government shutdown
M&T Bank announced it is taking the following steps to assist people affected by the partial federal shutdown, which has gone on for a record 21 years.
Consumer banking & lending
Impacted customers will be...
Moody’s puts negative outlook rating on River & Bay debt after NJ governor vetoes...
The debt-rating firm, Moody’s, has placed a negative credit outlook for the Delaware River and Bay Authority after New Jersey Gov. Phil Murphy vetoed a toll increase.
Moody’s noted that the scheduled toll increase for all...
Fiserv to acquire First Data in $22 billion deal
Financial technology firms Fiserv and First Data will combine under the Fiserv name in a $22 billion buyout.
First Data has operations in Delaware on Carr Road in north Wilmington that serve the state’s massive...
DowDuPont, Bank of America on list of top corporate citizens
DowDuPont and other companies with a presence in Delaware were named to a list of the top companies in the Just 100 list.
The list from the Forbes magazine and website lists based on measures of...
PNC to acquire investment banking firm
PNC Bank announced a definitive agreement to acquire Ambassador Financial Group, Inc., a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies, and other financial institutions.
The company has...
Wells Fargo agrees to pay $2 million to Delaware in 50-state settlement
Delaware customers will get about $2 million from Wells Fargo in a 50-state settlement over allegations of unneeded insurance for auto loans and accounts being opened without customer authorization.
The agreement also calls for measures...
State insurance chief OKs China company’s acquisition of long-term care insurer
In a case that drew national attention, State Insurance Commissioner Trinidad Navarro gave final regulatory approval to China Oceanwide Holdings Group Co. Ltd to acquire Genworth Life Insurance Company.
The Virginia company with an insurance...
U.S. Attorney for Delaware says prison time for Wilmington Trust former execs is ...
U.S. Attorney for Delaware David Weiss stated that two former Wilmington Trust executives. Robert Harra, former president of Wilmington Trust and David Gibson, chief financial officer, deserved prison time.
Both received six-year sentences, with further...
Former Wilmington Trust President gets 6 years on bank loan charges
Former Wilmington Trust President Robert Harra was sentenced to to six years in prison on federal charges of conspiring to not report loan problems at the bank, The Associated Press reported.
He is the first of ...