Truist to sell insurance business.

BANKING AND CREDIT NEWS-October 10, 2023--Truist to sell insurance business

(C)2023 M2 COMMUNICATIONS http://www.m2.co.uk

Global Banking News - 10 October 2023

American bank holding company Truist Financial Corp (TFC.N) is in talks to sell its insurance business, according to Reuters.

The firm has announced plans to sell its insurance brokerage unit to private equity firm, Stone Point. The sale is worth about USD10bn. In February, the firm sold a 20 percent stake...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT