Category: Banking and Financial Services

Attorney General Matt Denn joined the U.S. Department of Justice and 20 other attorneys general in announcing a settlement resolving an investigation into Moody’s Corporation, Moody’s Investors Service, Inc., and Moody’s Analytics, Inc. (collectively “Moody’s”) over the companies’ misrepresentations regarding the independence and objectivity of its ratings of structured finance securities, securities which contributed to…

by Sam Waltz Founding publisher Leveraging their affinity card marketing expertise from credit cards to reloadable prepaid debit cards is a strategy two senior-level Delaware entrepreneurs are using to create a new national, perhaps global, banking company in the State’s suddenly hot FinTech sector. “Charlie Cawley and MBNA did not invent credit cards,” said Jim…

PROVIDENCE, RI – Citizens Bank announced today it will offer digital lending capabilities to small business customers through a collaboration with Fundation Group. The service is expected to be available in mid-2017. The added capability will enable small businesses to apply for loans and lines of credit through a simple online application at citizensbank.com. In…

Bank of America announced today that it has agreed to sell its consumer credit card business in the United Kingdom, MBNA Ltd., to Lloyds Banking Group. The sale completes the transformation of Bank of America’s consumer credit card business from a multi-country, multi-brand business to a single-brand business serving core retail customers in the United…

BUFFALO, N.Y. — M&T Bank was the No. 1 Small Business Administration lender in Delaware for the 2016 federal fiscal year. M&T made 37 percent of all SBA loans in the Delaware district. It was ranked No. 1 in total loans. The bank made 61 SBA loans totaling $5 million.

Four local Raymond James financial planning teams have sponsored a series of financial literacy rock concerts for Philadelphia-area schools, including Mount Pleasant High School, through a partnership with nonprofit Funding the Future. The nonprofit’s performance combines a concert, multimedia presentation and talk-back to discuss predatory lending, saving early and the danger of credit card debt,…