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.
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Truist to Sell $7.7 Billion in LightStream Loans to Carlyle
Truist Financial plans to sell $7.7 billion in loans representing all LightStream assets to Carlyle Group.
Truist 3Q26 net income falls 45% year over year to $799 million
Truist’s third-quarter 2026 diluted EPS fell 46% year over year to $0.56. Revenue dropped 28% year over year to $3.75 billion; securities losses totaled $1.45 billion. Credit losses swung to a $253 million benefit from a provision a year earlier, driven by the RAC loan sale’s reserve release. An October 14 agreement ca