Category: Banking and Financial Services

Chase has launched a free app that allows cardholders to redeem their cash-back rewards at the register at 30 merchants – including Gap, Target, Low’es, Starbucks,Toys ‘R’ Us, TGI Fridays and Regal Entertainment Group. The Chase Freedom® Mobile App, available on both the Apple App StoreSM and Google Play™, allows cardholders to earn unlimited 1…

RANDALL CHASE, Associated Press WILMINGTON, Del. (AP) — Former Wilmington Trust president Robert Harra Jr. has pleaded not guilty to criminal charges stemming from an ongoing a federal investigation into the collapse of the century-old financial institution. The 66-year-old Harra said little during a court appearance Thursday, but his lawyer told the judge that Harra…

By: Federal Reserve Bank of Philadelphia Manufacturing activity in the region increased in August, according to firms responding to this month’s Manufacturing Business Outlook Survey. The indicators for general activity are holding fairly steady and suggest modest growth. While firms reported increased shipments compared with the prior month, the current indicators for new orders and…

  DOVER, Del. (AP) — The former president of Wilmington Trust and three other former bank executives were indicted Wednesday on fraud and conspiracy charges in an ongoing federal investigation into the collapse of the century-old financial institution. An indictment issued by a federal grand jury charges Robert V.A. Harra Jr. with conspiracy, securities fraud,…

The Small Business Administration’s Delaware office has guaranteed more than $100 million in loans in the first 10 months of its fiscal year, a record number. Loans were halted briefly last week as the U.S. Small Business Adminsistration reached its authorized maximum for the year, but Congress authorized an additional $5.5 billion. Loan volume in…

Wilmington, Del. — M&T Bank of Delaware and Junior Achievement of Delaware will honor Welfare Foundation President Peter C. Morrow with the Lifetime Achievement Award. The award will be presented at October’s Delaware Business Leaders Hall of Fame Reception and Induction Ceremony. Morrow is past president of the Longwood Foundation.  Under his 20-year tenure as…