Author: Symone Graham

Truist — formed via the 2019 merger of BB&T Corp. and SunTrust Banks Inc. — is ready to ramp up investments in a few key states in 2025.

Amid ongoing pressures in commercial real estate, Wells Fargo has reached an agreement to sell a big piece of its CRE mortgage servicing business.

Charlotte, North Carolina-based Truist Financial Corp.’s plan to cut costs includes a “sizable reduction” in its workforce and consolidation of its leadership team.

Bank of America CEO Brian Moynihan foresees a recession occurring later this year — and, despite BofA’s strong financial results for the first quarter, job cuts are likely the horizon.

The nation’s six largest banks have until July 31 to disclose to the Federal Reserve how their operations could be impacted by climate change.