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Truist Sells $5.5 Billion Auto Loan Portfolio to Pursue Higher Profits
Source: pymnts.com
Banking & LiquidityM&A & RestructuringAutomotive & EV
Truist Financial disclosed it will sell $5.5 billion of auto loans and exit the near-prime auto lending business. The move signals a defensive restructuring of its consumer-credit portfolio and reduced exposure to a higher-risk auto lending segment, with potential implications for specialized auto-finance competitors.
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