TFC May 2024 29.000 put
| Previous close | 0.0700 |
| Open | 0.0700 |
| Bid | 0.0000 |
| Ask | 0.0100 |
| Strike | 29.00 |
| Expiry date | 2024-05-03 |
| Day's range | 0.0700 - 0.0700 |
| Contract range | N/A |
| Volume | |
| Open interest | 56 |
- Reuters
UPDATE 3-Truist sells nearly $28 bln of low-yield investments
Truist Financial said on Tuesday it has sold $27.7 billion of low-yielding investments to focus on better alternatives as part of a repositioning the lender expects will help it post higher revenue in 2024 than previously forecast. Rate hikes by the U.S. Federal Reserve have created an incentive for banks to rejig their investment portfolios. Lenders that bought bonds during the near zero-interest rate era are looking to offload those securities and replace them with higher-yielding alternatives.
PR NewswireTruist completes previously announced sale of Truist Insurance Holdings to investor group led by Stone Point Capital and CD&R
Truist Financial Corporation (NYSE: TFC) today announced that it has completed the previously announced sale of its remaining stake in Truist Insurance Holdings ("TIH"), a subsidiary of Truist and the fifth largest insurance brokerage in the United States, to an investor group led by private equity firms Stone Point Capital ("Stone Point") and Clayton, Dubilier & Rice ("CD&R"). Mubadala Investment Company and other co-investors also participated in the investment.
PR NewswireTruist completes sale of Truist Insurance Holdings and executes strategic balance sheet repositioning
Truist Financial Corporation (NYSE: TFC) today announced the completion of the previously announced sale of its remaining stake in Truist Insurance Holdings, the fifth largest insurance brokerage in the United States, to an investor group led by private equity firms Stone Point Capital, Clayton, Dubilier & Rice, Mubadala Investment Company and other co-investors.
