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Truist Financial to sell $5.5 billion of auto loans amid overhaul
Source: reuters.com
M&A & RestructuringBanking & LiquidityCompany FundamentalsManagement & Governance
Truist Financial agreed to sell $5.5 billion of auto loans as CEO Mike Lyons advances an overhaul of the bank and exits lower-profit, non-core operations. The transaction supports portfolio simplification and could improve capital allocation, though deal terms and the buyer were not disclosed.
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