Truist completes selling 20% stake in insurance subsidiary
Truist Financial Corp. said Monday it has completed selling a 20% stake in its insurance subsidiary to a private-equity group for $1.95 billion.
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Truist Financial Corp. said Monday it has completed selling a 20% stake in its insurance subsidiary to a private-equity group for $1.95 billion.
First Citizens Bank's meteoric rise has been fueled primarily from becoming federal regulators' preferred acquirer of failing and collapsed financial institutions nationwide — most recently Silicon Valley Bank.
Shares of First Republic have plummeted 81% this year.
The $45 billion cash injection into the battered San Francisco-based bank’s deposits, but no fresh equity, leaves shareholders at risk.
Dublin, March 16, 2023 (GLOBE NEWSWIRE) -- The "Insurance Brokers Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering....