Category: Banking and Financial Services

UD business dean says flexibility, adaptability key to success

By Sam Waltz Founding Publisher The page has been turned at the University of Delaware’s Lerner College of Business & Economics. Entrepreneurship — with a focus on the disruptive business model — is the new rival there to the traditional management and corporate studies, according to Bruce Weber, the Chicago-born Harvard and Penn Wharton scholar…

WILMINGTON, Del. (AP) — Attorney General Matt Denn is calling on lawmakers to use $29 million in settlements from banks to help low-income communities in Delaware. Denn announced his proposal Wednesday for the remaining funds received from Bank of America and Citigroup to resolve allegations that market misconduct contributed to the financial crash in 2008. Denn…

JP Morgan Chase purchased a commercial development parcel at Second and King Streets from Brandywine Realty Trust on Dec. 17, according to a deed filed in the New Castle County Recorder of Deeds Office. No price was disclosed on the deed. Separately, Brandywine Realty Trust reported selling a 1.6 acre parcel at the corner of…

Related story: Steve Kinion named to Influential list Captive Review, an insurance trade publication, has named Insurance Commissioner Karen Weldin Stewart to its first Enterprise Risk Captive Pioneers list, which recognizes 20 of the “key influencers” in the smaller-captive industry. “Commissioner Stewart has been the driving force behind Delaware’s rapidly growing captive industry and has…

By Christi Milligan WSFS Financial Corp. and financial tech company Zenbanx announced the commercial launch of the first mobile, multi-currency solution for people who live, work or travel across borders. WSFS Bank will be the official issuer of the Zenbanx account, which will allow customers to hold balances denominated in up to five of the…

Former University of Delaware President Patrick T. Harker will return to Newark  in February. This time he will be joining a satirist and a CNBC commentator making predictions at Lyons Companies’ 2016 Economic Forecast. Harker, the new president of the Federal Reserve Bank of Philadelphia, will predict what’s ahead in 2016. Speaking earlier this month…

By Federal Reserve Bank Philadelphia Firms responding to November’s Nonmanufacturing Business Outlook Survey reported that the pace of regional nonmanufacturing activity remains positive, with firms modestly increasing their assessment of current conditions for the region. Respondents reported a decrease in activity for their firms, however, and most of the individual indicators showed a decrease as…