Category: Banking and Financial Services

By Kathy Canavan Even millionaire couples have spats about money, but not as often as the rest of us. Money is a lightning rod for disagreement in the average marriage. Financial matters are the No. 1 cause of bickering between American couples, according to the American Institute of Certified Public Accountants.  Money matters lead to…

UD’s former president to speak at Lyons forecast

By Kathy Canavan When University of Delaware President Emeritus Patrick T. Harker returns to Newark on Feb. 16, he will be speaking as president of the Federal Reserve Bank of Philadelphia. Harker will be one of three speakers making predictions at the popular Lyons Companies’ 2016 Economic Forecast. Since he was named president and CEO…

Wilmington, Del. –  College Ave Student Loans, the locally based next- generation student loan marketplace lender,  announced it secured $20 million in financing from Comcast Ventures. Comcast Ventures is the venture capital affiliate of Comcast NBCUniversal. College Ave also secured funding thanks to participation from Fenway Summer Ventures (headed by former CFPB Deputy Director Raj…

DuPont’s recent layoffs hit home in our family, as one of our sons lost his research position. He is young and educated so we are hopeful that, while DuPont’s door closed, another will soon open. Other DuPont alumni closer to retirement age will face a number of options and considerations. Retirement Savings Plan • If you…

NEWARK, Del. (AP) — SLM Corp. on Wednesday reported fourth-quarter earnings that beat Wall Street’s expectations but issued a weaker-than-expected forecast for profit this year. The Newark, Delaware-based student loan company said it had net income of $89.8 million, or 20 cents a share, in the fourth quarter. The results topped Wall Street expectations. The…

By Kathy Canavan [email protected] The Greater Wilmington real estate market is still in recovery from the Great Recession, according to Integra Realty Resources’ 2016 Commercial Real Estate Trends Report. There are bright spots in the real estate market though. The hospitality market, buoyed by its position along I-95 midway between New York City and Washington,…

PATH Act gives tax planners a measure of certainty

By Christi Milligan The December signing of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) delivered more than 50 permanent and semi-permanent extenders for individuals and businesses, and certainty to the tax planning community. Signed with the FY 2016 Omnibus, the legislation is considered significant thanks to its enhancements of a number…

By Christi Milligan A plan. That’s what financial and recruiting advisors recommend as DuPont employees begin the hard process of processing both the paperwork and career ramifications of a layoff. DuPont’s December announcement that it would merge with Dow Chemical set in motion a chain of speculation, then announcements — first that the company intends to…