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WSFS wealth unit does deal to expand in Delaware, South Florida

American Banker

The Wilmington, Delaware, bank announced Tuesday that it had purchased Bell Rock Capital. WSFS' management said that legal troubles involving that investment advisory firm's founder won't affect the transaction.

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Barclays Eyes US Expansion

PYMNTS

In addition, sources say that Barclays is putting more capital behind its U.S. to stay relevant on a global scale,” said Magdalena Stoklosa, managing director and European head of Banks and Diversified Financials Research at Morgan Stanley. billion of deposits to its Delaware operation. checking account offering.

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India OKs Facebook Subsidiary’s Acquisition Of Jio Platforms Share

PYMNTS

CCI said Jaadhu is a wholly owned Facebook subsidiary, which was started in March of this year under Delaware state laws, according to a press release. It also has all of Reliance Jio Infocomm Limited’s (RJIL) outstanding and issued share capital.

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This Slack-Backed HR Startup Raised $50M To Make Hiring Remote Workers Easier

CB Insights

Oyster , a virtual HR platform for distributed workforces, has raised $50M in a Series B with participation from Stripes Group, Capital Partners, and Slack Fund among others. How’s the company performing?

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

” As a regulatory body, the OCC said it will focus on the following to address the increasing risk: • Execution of bank strategic plans and management of strategic risk. • Liquidity risk management and adequacy of contingency funding plans. • Vendor and third-party management processes. The OCC on Oct.

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SoFi’s $500M Pickup (And The Big Expansion It’s Fueling)

PYMNTS

With that acquisition, SoFi also acquired Zenbanx’s partnership with Delaware-based WSFS Bank and access to the bank’s charter and banking license. SoFi, in recent years, has also expanded into asset management and life insurance. To open the month of February, SoFi announced it had acquired online banking startup Zenbanx.

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LVMH, Tiffany Engage In Luxurious War Of Words

PYMNTS

The suit, filed Monday in Delaware , says that LVMH “continues to have full confidence in its position that the conditions necessary to close the acquisition of Tiffany have not been met.”. The two sides go to trial in January in Delaware. jeweler’s current management team would very likely have to be replaced.

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