April 12, 2023
The U.S. Securities and Exchange Commission has concluded an enforcement action alleging Wilmington Trust executives misrepresented the quality of the bank's loan portfolio to investors on the heels of the 2008 financial crisis after a Delaware federal judge entered a final judgment against the company's former chief credit officer.
November 03, 2022
The U.S. Securities and Exchange Commission secured a $100,000 final judgment against a former Wilmington Trust executive, whom the agency claims lied to investors about the credit quality of Wilmington's loan portfolio in 2009 and 2010.
March 31, 2022
Two former Wilmington Trust executives who had their fraud convictions reversed on appeal last year are now facing a fresh set of civil claims from the U.S. Securities and Exchange Commission over the disclosure of past-due loans following the 2007-08 financial crisis.