Category: Banking and Financial Services

  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…

RANDALL CHASE, Associated Press DOVER, Del. (AP) — Delaware lawmakers approved a $3.9 billion operating budget early Wednesday, shortly after the start of the new fiscal year, after resolving an impasse over a transportation funding bill that was the subject of partisan bickering and intense closed-door negotiations between Republicans and Democrats. Gov. Jack Markell signed…