Truist Agrees to Sell $7.7 Billion in Unsecured Consumer Loans
Truist Financial agreed to sell substantially all assets of its LightStream unsecured lending platform to Carlyle Group.
Truist Financial has agreed to sell $7.7 billion of unsecured consumer loans to Carlyle Group. The loans account for substantially all of the assets of LightStream, Truist’s unsecured lending platform, the bank said Friday. The agreement follows Truist’s deal a month earlier to exit the…