Truist Exits $5.5 Billion Auto-Loan Business, Cutting 205 Jobs
Truist will sell $5.5 billion in near-prime auto loans and shut Regional Acceptance's Arlington, Texas facility, eliminating about 205 jobs by Feb. 28, 2027.
Topic
Divestiture
Topic
Divestiture
Titan Sells ITM for Up to $285 Million. New Cash Is Far Less
Titan's $285 million ITM sale to USCO S.p.A. includes $38 million in past dividends and a conditional $6 million earnout, leaving…
Atlanticus Sells Auto Finance Unit CAR for $71.2 Million
Atlanticus sold its CAR auto finance segment for $71.2 million — $56.2 million cash plus a $15 million seller note — to cut debt…