The sale of Truist's insurance holdings is seen as a move to...
The sale of Truist's insurance holdings is seen as a move to strengthen its balance sheet ahead of potential economic downturn and higher capital requirements. The deal also indicates growing interest from private-equity firms in the insurance sector.
Truist Selling Insurance-brokerage Unit at a $15.5B Valuation to Private-equity Firms
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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