Dossier
Truist Financial
Coverage of Truist Financial in the Nexus archive.
- Charlotte’s big banks clear Fed’s recession scenario
Bank of America Corp., Truist Financial Corp., and Wells Fargo & Co. passed the Federal Reserve’s annual stress test, indicating they can withstand a severe recession with minimal capital decline. The 32 large U.S. banks absorbed $708 billion in hypothetical loan losses, but aggregate capital dropped only 1.6 percentage points, remaining above minimum requirements.
- Truist Loses Trio of Veteran Traders From Municipal Bond Team
Truist Financial has lost three veteran traders from its municipal bond team, a significant departure that could impact the firm's operations in that sector. The article notes the company's headquarters in Charlotte, North Carolina.