Truist Financial Corporation is a large bank holding and financial services business based in Charlotte, North Carolina resulting from the merger of Suntrust and BB&T. Truist offers commercial banking, investment banking, and wealth management services. Truist Bank provides business and personal banking services including mortgages, auto loans, personal loans, credit cards, commercial loans and lines of credit, private banking, and other banking services for customers. Truist Securities is an investment banking, capital markets and corporate banking firm serving corporate clients and institutional investors. Truist Wealth is an SEC registered investment adviser that provides investment management services, portfolio management services, financial planning and other services for individual clients, corporations and institutional investors.
Moody's hands France surprise downgrade over deteriorating finances
Credit ratings agency Moody's unexpectedly downgraded France's rating on Friday, adding pressure on the country's new prime minister to corral divided lawmakers into backing his efforts to rein in the...
Sixth Street pact hands Affirm firepower for $20bn in new consumer loans
Private investment group Sixth Street will pump $4bn into a vehicle to buy loans from US fintech Affirm in a deal that will give the lender firepower to make billions of dollars in additional consumer...
PPI shows wholesale inflation jumped more than expected amid 'extended and bumpy journey' to Fed's target
Wholesale prices rose more than expected in November, adding to a string of sticky inflation prints. Thursday's report from the Bureau of Labor Statistics showed that its producer price index (PPI) — ...
The Consumer Financial Protection Bureau announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. Th...
Budget deficit swells in November, pushing fiscal 2025 shortfall 64% higher than a year ago
The U.S. budget deficit swelled in November, putting fiscal 2025 already at a much faster pace than a year ago when the shortfall topped $1.8 trillion, the Treasury Department reported Wednesday. For ...
National Center for Public Policy Research proposes BTC treasury to Amazon
The National Center for Public Policy Research — a Washington DC-based think tank championing free markets — submitted a shareholder proposal to Amazon saying that a Bitcoin corporate treasury strateg...
Private Markets: How Will Private Credit Respond To Declining Yields?
Recent and upcoming rate cuts will provide relief for private credit borrowers through lower funding costs in 2025, even as many have already benefitted from repricing and improving financing conditio...
Asia Economy India’s central bank revises down economic growth forecast for 2025, keeps interest rate steady
India’s central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia’s third-largest economy.
The ce...
Most global public funds plan to increase infrastructure allocations — OMFIF report
The majority of public pension funds and sovereign wealth funds (58%) expect to increase their infrastructure allocations over the next 12 to 24 months, according to the OMFIF’s Global Public Funds 20...
South Korea’s central bank cuts key interest rate to nurse a slower economy
South Korea’s central bank lowered its key policy rate for a second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a policy meeting, ...