Category: News Updates

By Kathy Canavan Patrick T. Harker, president of the Federal Reserve Bank of Philadelphia and former president of UD, gave an upbeat economic forecast at the Lyons Economic Forecast this morning. The annual event is co-sponsored by Lyons Companies and UD’s Center for Economic Education and Entrepreneurship (CEEE). Asked about negative interest rates, which Fed…

Today Media and Delaware Business Times are seeking nominations for the second annual Family Owned Business Awards to be presented June 23. Awards are presented to businesses in three categories (Small, Medium and Large) based on employee size. Eligible businesses must be based in Delaware and have been active in business for at least two…

Evercore, global investment banking advisory firm, opened Evercore Trust Company of Delaware at 300 Delaware Ave. in Wilmington today. Evercore will offer fiduciary and investment services for high-net-worth families and institutions. “Evercore Trust Company of Delaware complements our personal and institutional fiduciary capabilities at Evercore Wealth Management and Evercore Trust Company,” Evercore CEO Ralp Schlosstein said. “Delaware’s tax…

New Castle County Register of Wills Ciro Poppiti III, a candidate for lieutenant governor, is creating a policy think tank that will focus on older citizens and their caregivers. “We have seniors who call 911 and say, ‘I’m lonely.’ We have seniors who call 911 and say, ‘I can’t get dressed.’ What’s being lost as…

Financial technology(FinTech) is the topic for the February meeting of the Technology Forum of Delaware. FinTech firms apply technological innovations to financial services and products, an industry that many believe is growing rapidly and represents a huge potential for Delaware. Panelists for the Feb 17 meeting are: Neel Dattani, Apex Development Group, Rishi Khan, Extreme Scale…

A state-federal settlement with mortgage lender and servicer HSBC will provide direct payments to Delaware borrowers for past foreclosure abuses, loan modifications and other relief for borrowers in need of assistance, rigorous mortgage servicing standards, and grants oversight authority to an independent monitor. Attorney General Matt Denn joined the federal government and other state attorneys …