Truist's strategy signals a shift in how the Charlotte bank plans to generate growth after years of consolidation.
Truist has struggled over the years, as merging BB&T and SunTrust proved to be much more difficult than expected. Management has failed to generate the promised returns, and it has been nearly six ...
Truist Bank has agreed to pay the U.S. $9,125,000 to resolve allegations related to the handling of certain trust accounts by SunTrust Bank from December 2011 through December 2015. The certain trust ...
The $130 million charge stems from a class-action lawsuit tied to overdraft fees that dates back to a Truist predecessor.
Valued at a market cap of $64.2 billion, Truist Financial Corporation (TFC) is one of the largest U.S. regional financial services companies, formed in 2019 through the merger of BB&T and SunTrust.