Delaware

KS Bancorp wants to become a corporation in business-friendly Delaware, which would be more likely to back its defensive-minded share-rights plan.

This year marks the third consecutive year the league has awarded $125,000 to member credit unions.

The $12 million settlement forced WSFS to reduce its fourth-quarter earnings.

The credit union is running a trio of ads throughout the state that highlight the difference it has made in members' lives.

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

Delaware-based CU's new charter will allow it to branch out further into the First State, as well as into Maryland.

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

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.

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

The tiny Delaware credit union has just over 500 members and will merge into Del-One following losses of more than $45,000 last year.

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.

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.

The announcement comes following the signing of a bill legalizing prize-linked savings programs at financial institutions.

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.

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.

The Bancorp's stock fell nearly 15% Friday after the Wilmington, Del., company reported a large quarterly loss tied to a bad commercial real estate loan.

WSFS Financial in Wilmington, Del., has bought the assets of West Capital Management in Philadelphia.

The Bancorp in Wilmington, Del., has agreed to sell a portfolio of health savings accounts to UMB Financial in Kansas City, Mo. The portfolio has about 40,000 accounts with $76 million in deposits and investment assets.

The Bancorp in Wilmington, Del., has sold a loan portfolio as part of its effort to reduce the size of its discontinued commercial loan book.

Several lenders are attempting to recover a combined total of nearly $500 million from the estate of the deceased chief executive of an Oklahoma energy company.