Layoffs are coming for an undisclosed number of
Capital One employees in Wilmington after the sale of a portion of its retail brokerage business to E-Trade.
The Wilmington News Journal reports that the company says it will provide some transition assistance and will keep employees updated in the coming weeks.
The paper reports that E-Trade announced its purchase of the brokerage accounts for $170 million.
E-Trade is an online brokerage firm with $383 billion of customer investments.