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Truist Finl (NYSE: TFC ) held its second-quarter earnings conference call on Friday. Below is the complete transcript from the call. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more. View the webcast at Summary Truist Finl reported significant improvement in profitabili
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 Financial NYSE:TFC on Tuesday disclosed it is exiting its near-prime auto lending business, having entered into an agreement to sell $5.5B of auto loans tied to Regional Acceptance Corporation.The sale marks an exit from substantially all assets of Regional Acceptance.The non-core, less prof…