Truist Financial (NYSE:TFC) reaffirmed its outlook for the current quarter and full year while announcing plans to sell $5.5 ...

As Truist Financial implements the strategy of Chief Executive Michael Lyons, the bank is dropping near-prime auto lending, a ...

Truist Financial sells $5.5B auto loan portfolio, marking its exit from near-prime auto lending as part of a broader consumer ...

Truist Financial said on Tuesday it has struck a deal to sell $5.5 billion of auto loans, as CEO Mike Lyons pushes to ...

New CEO Mike Lyons has added “a lot of urgency and intensity” around a strategic review the bank is conducting, CFO Mike ...

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SunTrust Banks Inc., the Atlanta- based bank forced to prop up two of its money-market funds, said profit was almost wiped out by costs from the bailout and home loan defaults. Fourth-quarter earnings ...

New auto-loan volumes hit a record high in the second quarter as lenders relaxed their underwriting standards, and the percentage of borrowers falling behind on their payments continued to rise.

WASHINGTON, Aug 11 (Reuters) - U.S. consumers took out a record amount in auto loans in the second quarter and boosted their credit card and home equity balances as well, the New York Fed said in its ...

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Lower-credit-quality customers are willing to pay higher interest rates for access to debt. That is true with both credit cards, which are effectively revolving credit facilities, and with car loans, ...

Americans are borrowing more and stretching the payback further just to park something new in the driveway, and the result is a swelling number of buyers handing over more than $1,000 a month. It’s a ...