DBA Digest for November 18, 2022

Only One Week Left for Discounted Registration!

DBA Compliance School - December 7th!

In-Person and On-Line!

Attention: Compliance Officers; Auditors; Lenders; and, Attorneys! Don't miss the discounted Early-Bird rate for the DBA Regulatory Compliance School.  Register before November 25th and receive the Early-Bird Discounted Rate of $699! Attend In-Person at Wilmington University Brandywine Campus, or Online.

Get the latest information on the trends and topics you need in the ever-changing regulatory compliance environment. Sessions and topics include: Fair Lending, Deposit Compliance, UDAAP, HMDA, recent enforcement actions, and more! 8 DE & PA CLE Credits, CPE and CRCM Credits Applied For.

Presenting Sponsors:


Less Than Two Weeks Left!

The 2022 Delaware Trust Conference Is Available

On-Demand Through November 30th!

Attention Wealth Management Professionals: your window of opportunity to view all the sessions of the 2022 Delaware Trust Conference is closing. All the sessions of the 2022 Delaware Trust Conference are available via the conference site through November 30th. Attendees can earn up to 18.0 CLE Credits, Including 2.0 Ethics Credits! Visit the conference webpage (link below) for credit forms. All the sessions feature the stellar line-up of the nation’s top trust, legal, and wealth management experts for which the Delaware Trust Conference is known. 

Thank you to all the Sponsors, Exhibitors, Speakers, In-Person Attendees, and Live-Streamers for making the 2022 Delaware Trust Conference a memorable event!


DE Trust Conference Webpage

Northern Trust US Economic Outlook:

Slower for Longer

Macroeconomic news has been front and center. Signs of cooling inflation have sparked market rallies, while investors are hanging on every word from the Fed. The sensitivity is well-placed: the end of the Fed’s tightening cycle is in sight, and fear of recession is pervasive.

As discussed in our global Annual Outlook for 2023, no economy is facing a promising year ahead. Balancing the objectives of fighting inflation while maintaining employment and output will be a universal challenge. The U.S. still has a path to achieving a soft landing, but it will not be a banner year. The outlook is for a slow, unsteady year, with inflation still elevated and moderate job losses likely.

U.S. workers and consumers have shown great resiliency throughout the shocks of COVID, an energy crunch, geopolitical uncertainty and high inflation. Reasons for pessimism have always been close at hand, but growth has prevailed. We hope to see that same spirit continue in the year ahead.

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Bank of America Market Minute

Equities had an impressive run last week, with the S&P 500 recording not only its best week since June but its largest daily gain (last Thursday) since early April 2020. The S&P 500 ended the week 5.9% higher, closing just below 4,000. The Dow Jones Industrial Average rose 4.1% while the NASDAQ benefitted the most of the major indexes, jumping 8.1%. It was Technology stocks in particular that led the S&P higher—rising 10%, while Communication Services rose 9% on the week. Utilities, Healthcare and Energy lagged the most. The market’s catalyst was the better-than-expected U.S. consumer inflation data showing a 0.4% month-over-month increase, and bringing the year-over-year (YoY) increase to 7.7%. The YoY core measure (excluding food and energy) fell to 6.3% from last month’s 40-year high of 6.6%. While used cars/trucks, apparel and medical services all pulled back, the cost of shelter kept inflation elevated. A preliminary University of Michigan Consumer Sentiment Index showed consumer sentiment deteriorated more-than-expected, falling to 54.7 from 59.9 in October. Inflation will continue to be in focus this week, courtesy of the Producer Price Index (PPI) and the Import Price Index. The Census Bureau reports on retail sales for October on Wednesday, while the Conference Board will release its Leading Economic Index for October late in the week

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Jenifer Jurden is a Cartoonist from Wilmington who has graciously provided her Planet Jurdy cartoons for the DBA Digest. Jurdy® is her other-worldly "Hero of Happyness" whose cartoons bring levity to humans worldwide.

Belfint Briefing Webinar: Year-End Tax Update - December 6th

Please join Belfint, Lyons & Shuman, CPAs for our annual tax update. We will take a look at 2022 tax planning strategies and opportunities, along with any potential changes on the horizon. We will also cover the Inflation Reduction Act of 2022.

This webinar will be broken up into two sections


WHEN: Tuesday, December 6, 2022, 8:30 – 9:30 am ET


WHEN: Tuesday, December 6, 2022, 9:45 – 10:45 am ET

WHERE: BLS Zoom Webinar (Zoom details will be sent upon registration)

Each seminar is eligible for 1 hour of CPE!


Potter Anderson & Corroon Names Two New Executive Hires 

 Potter Anderson & Corroon LLP announced two additions to its senior executive team.

Mark Price has joined the firm as its Chief Operating Officer. In that role, Price will be responsible for leading the firm’s finance and accounting, technology, human resources, diversity and inclusion initiatives, communications, marketing, facilities and administration, from day-to-day business issues to longer-term projects and strategic planning. 


In addition, Kathryn “Katie” DiMartino has joined the firm as its Chief Legal Talent and Recruiting Officer.DiMartino will advise the firm’s leaders on talent management, develop a robust professional development and training program for all associates and counsel, and be responsible for the executive-level direction of legal talent and recruiting strategies for the firm. 


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We want to hear from you! Please send your news items to
Greg Koseluk at greg.koseluk@debankers.com