Truist Shifts Investment Toward Deposits and Digital Banking
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Truist exited its third quarter with higher deposits, continued growth in consumer spending and stable underlying credit quality. An earnings call Friday (Oct. 16) indicated that the new Truist CEO, Mike Lyons, wants a larger share of customers’ primary banking relationships. Average deposits rose 3.6% from a year earlier and 1.4% from the second quarter, […] The post Truist Shifts Investment Toward Deposits and Digital Banking appeared first on PYMNTS.com.
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