Truist selling insurance-brokerage unit at $15.5 billion valuation as private-equity firms build up presence in the space

The deal comes at a time when banks are building up their balance sheets ahead of a potential economic downturn and as federal regulators have proposed higher capital requirements.

Truist selling insurance-brokerage unit at $15.5 billion valuation as private-equity firms build up presence in the space
The deal comes at a time when banks are building up their balance sheets ahead of a potential economic downturn and as federal regulators have proposed higher capital requirements.