Truist Financial sheds 5% of investment-banking staff amid dealmaking slump

Feb. 07, 2023 12:56 PM ETTruist Financial Corporation (TFC)GS, MS, DBBy: Max Gottlich, SA News Editor1 Comment

Truist Bank, prominent sign, and building, Lexington, NC

J. Michael Jones/iStock Editorial via Getty Images

  • Truist Financial (NYSE:TFC) is cutting about 5% of the workforce in its investment-banking unit as dealmaking continues to dry up given market volatility and an uncertain economic outlook, a company spokesman told Seeking

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