Truist Financial to sell $7.7B LightStream loan portfolio to Carlyle
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Truist Financial Corp. (NYSE: TFC) has signed an agreement to sell $7.7 billion in unsecured consumer loans to Carlyle Group Inc., according to a statement released alongside the company's third-quarter earnings.
The sale, agreed upon on October 14, represents substantially all assets of LightStream, Truist's unsecured consumer lending platform.
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