Category: Banking and Financial Services

(AP) — A Delaware judge has approved the sale of TransPerfect Global, a translation services company he ordered to be sold because of “complete dysfunction” and hopeless deadlock over its management between its feuding co-founders and sole directors. The judge on Thursday approved the acquisition of the company by co-founder Philip Shawe, who agreed to…

U.S. Senators Elizabeth Warren (D-Mass.) and John Cornyn (R-Texas) introduced a bill earlier this month that would make it harder for companies to file for bankruptcy outside of their home states. The Bankruptcy Venue Reform Act takes aim at the practice of “forum shopping,” in which companies seek out states with the most favorable laws.…

E*Trade Financial Corporation has entered into an agreement with Capital One to acquire its online investment business for $170 million. The bank’s retail brokerage accounts handle over $18 billion in customer assets. Capital One on Tuesday announced a fourth-quarter loss of $1.05 billion. The bank has shed other facets of its business in recent years, including…

A $1.75 million home at 93 Wedgewood Road in Newark is the first property in Delaware to accept Bitcoins as a form of payment. Michael Kelczewski, a real estate broker for Sotheby’s International Realty, first proposed opening the deal to Bitcoin about six months ago as a way to raise the profile of the listing…

Bank of America has eliminated its last free checking account not requiring a minimum balance to avoid monthly fees. The Charlotte, North Carolina-based bank, which has six branch locations throughout Delaware, moved customers to new accounts requiring a minimum daily balance of $1,500 or a monthly direct deposit of at least $250 or to avoid…

Bank of America will provide a grant to the Delaware Art Museum for the conservation of 13 works of art by prominent American artists, including the Wyeth family, Frank Schoonover and Edward Loper. “We are honored to receive this incredible support from Bank of America for such an important collection of works given to the Museum…