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Wednesday, November 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...

Capital One credit card data breach leads to arrest; 106 million affected

Capital One Financial Corporation reported a data breach involving an individual who obtained personal information from the bank's credit card applicants and customers. The company stated that an "outside individual" was involved.  "Capital One immediately fixed...

Barclays  executive named CEO of Delaware, US banks

This week, Barry Rodrigues was named CEO of Barclays Bank Delaware and Head of Barclays US Consumer Bank. This is in addition to his current role as CEO of Barclays Cards & Payments. Rodrigues has more...

Navient earnings surge in second quarter

Wilmngton-based Navient reported GAAP (generally accepted accounting principles net income of $153 million, compared to $83 million during the same period a year ago. Earnings were above estimates, according to the Zacks investment service. Shares rose...

Belfint, Lyons & Shuman wins accounting service award

Belfint, Lyons & Shuman, CPAs  announced that they have won  ClearlyRated’s Best of Accounting  Award for service. Best of Accounting Award winners have proven themselves as industry leaders in service quality based  on ratings provided by...

WSFS reports higher 2nd quarter earnings as it works to integrate Beneficial

Wilmington-based  WSFS Financial Corporation,  the parent company of WSFS Bank, reported higher earnings for the second quarter. Net income for the second quarter was $36.2 million, compared to $13 million in the first quarter and...

Philly Fed president Harker comfortable with holding interest rates steady

Patrick Harker, the former president of  University of Delaware and  head of the Federal Reserve Bank of Philadelphia, told the Wall Street Journal (paywall) that he sees no need to lower interest rates. Harker does not...

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...

Development Finance Council recommends projects that aim to create 330 jobs

Companies are on track to create about 330 new jobs in Delaware after the Council on Development Finance at its recent meetings recommended approval of multiple grants from the Delaware Strategic Fund. In April CDF recommended...

Dover Downs owner to buy back stock, start dividend program

Twin River Worldwide Holdings, Inc. announced that its Board of Directors approved a capital return program under which Twin River may expend a total of up to $250 million for a stock repurchase program...