Truist Financial to sell $5.5 billion of auto loans
Truist Financial said it struck a deal to sell $5.5 billion of auto loans as CEO Mike Lyons pursues an overhaul of the U.S. bank and exits less profitable, non-core businesses.
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Truist to Sell $5.5 Billion of Loans as It Exits Near-Prime Auto Lending
By Colin KellaherTruist Financial has inked a deal to sell $5.5 billion of auto loans as part of the regional bank's decision to exit the near-prime auto lending business.Truist on Tuesday said it expects the sale, which represents substantially all assets of its Regional Acceptance auto-finance un…
Truist to sell $5.5B in auto loans; $5.2B net proceeds boost CET1 by $945M
Truist disclosed a signed agreement to sell $5.5 billion of auto loans tied to Regional Acceptance, generating $5.2 billion of net proceeds and creating $945 million of CET1 capital.Key Highlights:Original SEC Filing: TRUIST FINANCIAL CORP [ TFC ] - 8-K - Sep. 15, 2026This is an AI-powered summary…
Visa launches onchain credit model for stablecoin programs
Visa introduced a new onchain credit model aimed at helping stablecoin-linked card programs and fintechs access working capital through onchain lending infrastructure and Visa data.
Shopify Q2 revenue rises 34%, GMV climbs 32%
Shopify reported second-quarter 2026 GMV of $116 billion, up 32% year over year, and revenue of $3.6 billion, up 34%. The company also said free cash margin was 18% and gave Q3 revenue growth guidance in the low 30s percent range.
SOFI Rises 4%
SoFi Technologies shares are trading higher by almost 4% as traders lean into insider buying and fresh product headlines