Truist Financial Corp. eliminated about 5% of its investment-banking division amid uncertainty surrounding the dealmaking environment, according to people with knowledge with the matter.
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This is BAU at SunTruist. What were you expecting?
Apparently no one here cares about this group of people. Your silence says it all where the investment banking group is concerned. MD’s be gone!
This should make you laugh:
The bankers at Truist (TFC) impacted by the job cuts will receive priority consideration for other roles within the company and get severance and job-search assistance in the event of termination, spokesman Kyle Tarrance told Bloomberg in an emailed statement.