Delaware

Alleged customer fraud hits WSFS earnings

01/05/18

The company will also record a charge tied to the impairmant of its deferred-tax asset.

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WSFS Financial, SoFi to offer cash management account

12/07/17

The Delaware bank will process payments and provide debit card sponsorship services for SoFi Money, which is set to debut next year.

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The Bancorp in Del. warns of possible litigation over distribution dispute

11/10/17

The disagreement is tied to Walnut Street, an entity formed in 2014 to move certain commercial loans out of the bank. Separately, the company is facing a civil money penalty from the FDIC tied to issues with a third-party payment processor.

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M&T's Wilmington Trust to pay $44M to settle allegations of loan fraud

10/11/17

Wilmington Trust and some of its executives had been accused of intentionally understating past-due loans in 2009 and 2010.

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Study shows 30% gender pay gap in financial services

07/06/17

PwC reports a modest improvement in its gender pay gap. A study finds a big gender pay gap in the U.K’s financial services industry. Plus, female founders speak out about sexual harassment and explain why they kept quiet before.

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Who owns what, really? In securities, Delaware may soon clear things up

07/05/17

Delaware corporations will soon be able to issue shares on a blockchain. Beyond the capital markets, the move has implications for the way banks stake their claims to collateral.

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State incorporation laws: Good for crooks, bad for banks

04/10/17

The allowance by some states for companies to incorporate without disclosing beneficial owner information significantly hampers anti-money-laundering efforts and drives up bank costs.

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Santander Consumer agrees to $26M settlement with state AGs

03/29/17

The subprime auto lender funded loans through a group of car dealers that it knew had track records of high default rates and fraud, authorities in Massachusetts and Delaware said.

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