Truist Financial Corp

TFC: XNYS (USA)
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Truist: Divestiture of Near-Prime Auto Lending Portfolio Is the First Move Under CEO Mike Lyons

Truist announced that the firm has agreed to sell an auto portfolio of $5.5 billion under Regional Acceptance Corporation, in a deal expected to close in the late third quarter or early fourth quarter. Shares traded up by low single digits following the announcement.

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