Truist Financial said on Tuesday it has struck a deal to sell $5.5 billion of auto loans, as CEO Mike Lyons pushes to overhaul the U.S. bank and exit less profitable, non-core businesses.
Truist Financial, a top 10 commercial bank in the United States in terms of assets, disclosed Tuesday (Sept. 15) that it is selling $5.5 billion worth of auto loans and exiting the near-prime auto lending business.
Truist Financial has inked a deal to sell $5.5 billion of auto loans as part of the regional bank's decision to exit the near-prime auto lending business.
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Industry veteran tapped to accelerate Wealth Brokerage growth CHARLOTTE, N.C., Sept. 3, 2026 /PRNewswire/ -- Truist Wealth, the private wealth business of Truist Financial Corporation (NYSE: TFC), today announced the appointment of Tory Sherman as Wealth Brokerage national director, a newly created role focused on advancing Truist Wealth's growth strategy.
Milestone reflects data-driven innovation at Truist and their growing personalization engine, delivering proactive insights and advice that help clients better understand, manage and act on their financial lives. Why it matters: Truist Insights has generated more than 2 billion personalized financial insights and advice for consumer, small business and wealth clients since 2023, helping clients...
Two banks have paused selling products of Mark Walter's Delaware Life amid concerns of federal probes into how the insurer's parent company reported about $20 billion in assets that were affiliated with other entities controlled by the billionaire Los Angeles Dodgers owner. The pause by the banks, Truist Financial Corp. and Fifth Third Bancorp, came to light Friday, two days after Walter's hold...
As a vice chair in Wholesale Banking, Ford will focus on business growth, advise on policy matters CHARLOTTE, N.C., Aug. 27, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Harold Ford Jr. as a vice chair in its Wholesale Banking business.
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