DBA Digest for June 14, 2024

New "More Money Than Cents" - A.I. Scams!

Scammers have added artificial intelligence to their malicious bag of tricks. How can you protect yourself? This new video from the Delaware Financial Education Alliance explains how!

Save the Date! 2024 Delaware Trust Conference! Sponsorships Available!

Save the date: October 28 and 29, for the 2024 Delaware Trust Conference! Sponsorships and Exhibitor Spaces are also available! Join prestigious sponsors: The Bryn Mawr Trust Company of Delaware (a WSFS Company); Gordon, Fournaris & Mammarella; McCollom D'Emilio Smith Uebler; Morris Nichols Arsht & Tunnell; and exhibitor: Delaware Community Foundation.

The 2024 Delaware Trust Conference will be live at The Chase Center on the Riverfront, AND live-streamed, AND on-demand through November! Full agenda and early-bird registration coming soon!

Upcoming OnCourse Learning Webinars!

Understanding HMDA Compliance from A to Z - All Day Streaming - July 10th

7 CRCM Credits

HMDA compliance is tough! With all the data you are required to collect and report, there are bound to be mistakes. You can’t rest easy though because too many errors can lead to civil money penalties. Join David Dickinson as he walks you through the ins and outs of HMDA compliance from A to Z. 

Audience: This webinar is for loan officers, loan processors, compliance, audit, and other loan operations personnel. 

Privacy and Information Security – Critical Rules for Bankers - July 12th

2.5 CRCM Credits

Increasingly, privacy has become an important buzzword in banking circles. Customers are concerned about the privacy of their financial and personal information, and financial institutions are worried about how to keep all this information safe from intrusions and outright thefts. But what are the legal and regulatory requirements? 

Audience: Anyone involved in the managing of information and data in the institution must be aware of the privacy requirements and will benefit from this session. This includes not only compliance and legal professionals, but also technology personnel, line of business managers, and senior leadership, who are ultimately responsible for maintaining the institution’s privacy program. 

Learn more and browse all the webinars via the link below.

ABA Women Lead Symposium - July 17

At the Women Lead Symposium, you’ll acquire critical leadership skills that will advance your career and support women aspiring to lead in the banking industry. This half-day, virtual program is designed to help women and allies become inclusive, successful leaders. You’ll learn leading practices and actionable insights to engender a diverse working environment that improves your bank’s bottom line. You’ll also walk away with resources and a strong professional network that support women in banking.

Bank of America Private Bank Market Minute

The S&P 500 Index and Nasdaq Composite reached new all-time highs last Wednesday, contributing to weekly gains of 1.3% and 2.4% respectively. Growth outperformed value over the week, with the Russell 1000 Growth Index (+2.7%) outperforming its value counterpart (-0.9%) by the largest margin since early January. Small-cap Equities lost 2.1% over the week and remain essentially flat year-to-date per the Russell 2000 benchmark. The yield on the 10-year U.S. Treasury dipped to its lowest level in over two months mid last-week before gaining nearly 15 basis points last Friday alone. Driving last Friday’s move in yields, May’s employment report punctuated a busy week of U.S. economic data. 272,000 jobs were added over the month, well above the 180,000 expected. Hot job growth was paired with still-strong average hourly earnings growth, up 4.1% over the year, while the unemployment rate ticked upward for the second straight month to 4.0%.

Chambers USA Again Ranks Four Morris Nichols Practices in Top Tiers for Delaware Firms; 31 Lawyers Named Among Leading Delaware Attorneys

The 2024 edition of Chambers USA ranks Morris Nichols in Band 1 in four fundamental Delaware practice areas: Bankruptcy/Restructuring, Chancery, Corporate M&A & Alternative Entities, and Intellectual Property. The annual guide also recognizes 31 Morris Nichols lawyers as leaders in their field, representing one third of the firm’s deep bench of attorneys.

Richard, Layton & Finger highly ranked in The Legal 500’s 2024 national rankings in M&A Delaware Counsel and in M&A Litigation

Richards, Layton & Finger is renowned as “a go-to firm on Delaware law matters.” “Technically strong, innovative and accessible” (The Legal 500), the firm is highly ranked in two categories in The Legal 500’s 2024 national rankings: tier 1 in M&A Delaware Counsel and tier 2 in M&A Litigation: Defense. Firm directors Rudolf Koch and Blake Rohrbacher are ranked as Leading Lawyers in M&A Litigation, and Srinivas Raju is a Leading Lawyer in the Delaware Counsel category.



The Legal 500 also recognizes firm directors Robert Burns, Susan Hannigan Cohen, Brock Czeschin, Catherine Dearlove, Kevin Gallagher, and Matthew Perri as key lawyers in M&A Litigation, and Doneene Damon, Mark Gentile, Nate Stuhlmiller, and John Mark Zeberkiewicz as key lawyers in Delaware Counsel.

Wilmington University Hosts Trust-Based Relational Intervention Caregiver Training - July 22-25

Join Wilmington University (WilmU) for Trust-Based Relational Intervention (TBRI®) Caregiver Training on July 22 – 25, 2024, from 9 a.m. – 5 p.m. Hosted at WilmU’s Brandywine campus and instructed by certified TBRI® practitioner Madelyn Wright, this training will guide caregivers in understanding the impact of trauma on children and their holistic development and will offer practices that help bring healing and growth in all aspects of children’s lives.