Category: Banking and Financial Services

(AP) _ SLM Corp. (SLM) on Tuesday reported second-quarter net income of $109.8 million. The Newark, Delaware-based company said it had net income of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share. The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment…

(AP) Navient Corp. (NAVI) on Tuesday reported second-quarter profit of $83 million. On a per-share basis, the Wilmington, Delaware-based company said it had net income of 31 cents. Earnings, adjusted for non-recurring costs, were 49 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research…

(AP) — The Dover Downs casino in Delaware is being acquired by a Rhode Island-based gambling company. In a Securities and Exchange filing Monday, Dover Downs Gaming & Entertainment said it had entered into a definitive merger agreement Sunday with Twin River Worldwide Holdings. As part of the agreement, privately held Twin River will become…

WSFS Financial Corporation, the parent company of WSFS Bank, today announced a new leadership team effective January 1, 2019. Mark A. Turner, the current president and CEO, will become the executive chairman of the board of directors. In this role, Turner will lead the board of directors along with Lead Independent Director Eleuthère I. du Pont…

“Fintech” means, simply, “financial services that are delivered through technology.” It includes online banking, machine learning and artificial intelligence in financial settings, even cryptocurrency. For investors, innovators and consumers, it spells not just easier access to capital but it is, many say, also lowering the barriers to entry for new businesses. As America’s credit card…

John Collins has been a radio reporter, a staffer in the U.S. Senate and a policy and external affairs expert at Coinbase and the American Bankers Association. Now, he runs the U.S. office for Red Flag Consulting, helps lead the digital finance center at Harvard’s Berkman Klein Center and — along with Meghan Wallace, a…

JPMorgan Chase & Co. is the biggest bank in America, and it employs 10,000 people here in Delaware — more than 2,400 of them at the Delaware Technology Center just north of Wilmington. The thoroughly modern center, with its sleek spaces and massive array of rooftop solar panels, explains JPMorgan’s Tom Horne, helps the bank…

The Delaware Board of Trade (DBOT), based at Hercules Plaza in Wilmington, operates as a fully automated, auto-execution online trading platform. Founded in part on a $3 million loan from the New Castle County government, the firm is bringing new technologies, like blockchain and crowdfunding, to an existing market. “We’re specifically focused on equities in…

The Sturgis/Ricker Group at Merrill Lynch this week celebrated its new 9,500-square-foot office space at 18949 Coastal Hwy, Suite 201, Rehoboth Beach. The company joined the Bethany-Fenwick Area Chamber of Commerce for a ribbon cutting celebration on Wednesday. The Sturgis/Ricker Group is comprised of wealth management professionals from different professional backgrounds. The primary focus of the group…