The $10 billion, Delaware-based Wilmington Trust was acquired this week in a “take-under” by M&T bank. The take-under was announced the same day that Wilmington reported a massive unexpected loss due to souring construction loans. The regional banking sector continues to struggle with loan losses.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- What Do You Need to Do Before You Retire? - February 19, 2019
- After Long Declines, Branded Consumer Companies Comfortable Raising Prices - February 15, 2019
- Can You Rely on Income Funds? - February 14, 2019