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Save the Date - 2023 Delaware Trust Conference
October 17th & 18th
Sponsorships Available!
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Sponsorships and Exhibitor Spaces are now available for the 2023 Delaware Trust Conference.
Join Platinum Sponsor:
The Bryn Mawr Trust Company of Delaware (a WSFS Company)
Diamond Sponsors:
Connolly Gallager
Glenmede
Gordon, Fournaris & Mammarella
McCollom D'Emilio Smith Uebler.
Gold Sponsor:
Morris, Nichols, Arsht & Tunnell
The 2023 Delaware Trust Conference will be live at The Chase Center on the Riverfront, AND live-streamed, on October 17 & 18, AND on-demand through November! Full agenda and early-bird registration coming soon!
See all the sponsorship benefits and download the Exhibitor's Book on the conference webpage.
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Fulton Financial Corporation Names Karthik Sridharan as Chief Operations and Technology Officer
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Fulton Financial Corporation announced that Karthik Sridharan has joined as Senior Executive Vice President, Chief Operations and Technology Officer. Sridharan will be responsible for leading a team of information technology and operations professionals focused on leveraging leading
technology to provide the best digital customer experience at Fulton Bank.
“I’m confident Karthik is the right person to take our digital capabilities to the next level,” said Chairman, CEO and President Curt Myers. “He has a proven track record of improving operations and decreasing application time-to-market while simultaneously enhancing the digital customer experience.”
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Bank of America Private Bank Market Minute | |
Each of the major U.S. indexes produced a fractional weekly gain, with the S&P 500 meeting the technical definition of a bull market after rising 20% since a low on October 12, 2022. On the week, the Dow Jones Industrial Average rose 0.3%, the S&P 500 gained 0.4%, and the Nasdaq Composite notched a 0.1% gain. The Chicago Board Options Exchange (CBOE) Volatility Index sank to 13.8 last Friday, just above its level before the start of the pandemic (January 2020). Oil prices fell around 2% this past week even after Organisation of the Petroleum Exporting Countries extended production cuts through 2024. The Institute for Supply Management’s (ISM) overall activity in the services sector, while still in expansion territory, fell to 50.3, indicating stalled growth. This week, the Bureau of Labor Statistics releases the Consumer Price Index (CPI) for May (on Tuesday). Bloomberg consensus estimate is for headline CPI to increase 4.1% year-over-year from 4.9% last month. Core CPI which excludes food and energy prices, is seen rising 5.2% from 5.5% last month. On Wednesday, the Federal Open Market Committee (FOMC) announces its monetary policy decision. Traders are pricing in a 29% probability that the FOMC will raise the federal funds rate by a quarter of a percentage point. The more likely odds are for the committee to keep rates unchanged, breaking a string of 10 consecutive meetings in which they have hiked rates. Late in the week the Census Bureau reports retail sales data for May. | |
Graduating High School: Financial Adulting 101 Webinar - June 20, 3pm ET | |
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Do you know a recent (or soon to be) high school graduate? Whether they’re planning to go off to college in the fall, have a job lined up, or are still figuring out their next steps, there are some Adulting 101 basics that can help along the way. In this 30-minute webinar, we’ll talk about understanding credit, how they can protect themselves from identity theft, and how to spot and avoid scams.
To join the webinar on June 20, 2023 @ 3pm ET/12pm PT:
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FDIC/OCC Webinar: “Delaware’s State Small Business Credit Initiative (SSBCI): How it’s Working and How You Can Participate,” June 28, 11 AM – 12:00 PM.
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The Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency will cohost a webinar “Delaware’s State Small Business Credit Initiative (SSBCI): How it’s Working and How You Can Participate” on Wednesday, June 28th, 11 AM – 12:00 PM.
The SSBCI is a federal initiative providing funds to states, the District of Columbia, territories, and Tribal governments to promote American entrepreneurship, support small business ownership, and democratize access to capital across the country, including in underserved communities. Through SSBCI, jurisdictions provide funding to small businesses through equity/venture capital programs, loan participation programs, loan guarantee programs, collateral support programs, and capital access programs tailored to local market conditions.
During the webinar, presenters from the Delaware Division of Small Business will describe how SSBCI program funds will be used in the state; and how banks, credit unions, and CDFIs can participate. The state of Delaware is explicitly seeking bank, credit union and CDFI partners who will make loans to Delaware small businesses using funds from the state’s SSBCI allocation.
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Troutman Pepper Webcast: Privacy Parade - How to Navigate the Rush of New State Privacy Laws -
June 22 - 3:00 to 4:00
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U.S. State Comprehensive Privacy Laws are popping up like popcorn on a carnival midway – first California and Virginia; then Colorado, Connecticut, and Utah; and now Indiana, Iowa, Montana, and Tennessee.
Avoid the haunted house of compliance and attend this webinar to learn emerging practices and trends to handle these laws on practical and integrated bases, as well as what other companies are doing to solve some of the toughest problems under these laws:
- Critical privacy policy updates;
- New contractual amendments with vendors and/or customers;
- Implementation approaches and tools for consumer rights and opt-outs;
- Building one Privacy Impact Assessment for U.S./global laws; and
- Tips for solving Do Not Sell/Share Opt-Outs and Managing AdTech Cookies.
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Ask the Regulators: Final Supervisory Guidance on Third-party Risk Management | |
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On Wednesday, July 26, 2023, at 1:00 p.m. ET, staff from the Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, and Office of the Comptroller of the Currency (OCC) will conduct an Ask the Regulators webinar for their supervised institutions on the recently issued final guidance on third-party risk management: https://www.federalregister.gov/documents/2023/06/09/2023-12340/interagency-guidance-on-third-party-relationships-risk-management.
During the webinar, staff of the agencies will provide an overview of the final guidance, highlighting key topics and specific areas for consideration. Staff will also discuss the guidance’s description of supervisory processes with respect to banks’ third-party risk management practices.
In the latter portion of the webinar, the agencies will respond to questions submitted in advance from bankers. Please email questions in advance of the webinar to askthefed@stls.frb.org. In order to receive consideration, questions should be submitted by Wednesday, June 28, 2023.
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