Truist Financial Corporation at Barclays Global Financial Services Conference Transcript
If everyone can take their seats, we'll continue with this morning's strong run of large cap bank speakers.
Next up, very pleased to have Truist Financial from the company is Chief Financial Officer, Mike McGuire. Mike, welcome.
Thank you, Jason, for having me.
For those that may not have seen this morning, Truist posted a slide.
And I guess to me, the two biggest takeaways were, one. They announced a sale of $5.5 billion of auto loans, representing substantially all the assets of the Regional Acceptance Corp, basically a subprime auto unit.
They also mentioned the quarter's tracking as expected.
So Mike, is that correct? And maybe just maybe fill us in on some details of the kind of strategic rationale, financial considerations of the transaction and maybe any updates on the
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