Enjoy complimentary access to top ideas and insights — selected by our editors. Truist’s agreement to offload the rest of its insurance business comes just weeks after it announced a $70-million deal to sell an asset-management subsidiary. Both moves are part of the bank’s strategy to become leaner and more efficient.Scott McIntyre/Bloomberg Truist Financial is … Read more
Enjoy complimentary access to top ideas and insights — selected by our editors. Truist is selling Sterling Capital Management, which had $76 billion of assets under management at the end of December. The buyer, Guardian Capital Group, said that Sterling Capital will operate as a standalone entity and continue to be led by its current … Read more
Banks Follow-Up By Jacob Sonenshine Oct 10, 2023, 12:27 pm EDT Share Reprints Financial (TFC) stock is rising following reports that it will sell its insurance business. The stock remains a buy. Continue reading this article with a Barron’s subscription. View Options Source link credite