Explore stories from Atlantic Canada.
A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtips - Truist Financial Corp is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday.
In February, Truist sold a 20% stake in its $14.75 billion insurance unit to Stone Point. The move followed a year in which the commercial and investment bank's profit dropped. The talks are ongoing, the report said, citing people familiar with the matter. It added that a deal may hinge on Stone Point's ability to scrounge up enough debt.
Truist, its unit Truist Insurance Holdings and Stone Point did not immediately respond to Reuters' request for comment.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Can AVAX defend the $10 psychological level?Aggressive AVAX sellers grabbed +15% shorting gains after dragging it from a recent high of $11.88 to a press time value of |$10.
Read more »
Some lucky Canadian families are paying far less for daycare. But $10 a day access is uneven and waiting lists have balloonedSome families are starting to see relief from monthly rates but with less than three years to go before the 2026 target for those regulated fees, access to the low rate remains uneven
Read more »
Swedish Industrialists Explore $6 Billion Green Steel Project in Canada - BNN BloombergSweden’s H2 Green Steel is in talks with governments in Canada to build a factory in northern Quebec, as the young firm tries to deliver on a promise to customers — steel produced with minimal carbon emissions.
Read more »
Exclusive-Door maker PGT rebuffs $1.9 billion offer from Koch-backed Miter-sourcesExplore stories from Atlantic Canada.
Read more »
Samsung Q3 profit set to slump 80% as chip losses persistExplore stories from Atlantic Canada.
Read more »
US Treasury futures rise on flight to quality, cautious Fed speakExplore stories from Atlantic Canada.
Read more »