Truist Joins US Regional Banks Posting Higher Deposit Costs

(Bloomberg) -- Truist Financial Corp. and two other US regional banks reported rising deposit costs as higher interest rates squeeze their profitability.Most Read from BloombergApple Tests ‘Apple GPT,’ Develops Generative AI Tools to Catch OpenAIA $500 Billion Corporate-Debt Storm Builds Over Global EconomyNadella’s Microsoft Payouts Top $1 Billion on 1,000% Stock BoomTesla Sinks as Musk Warns of More Blows to ProfitabilityMusk Says Tesla to Spend Over $1 Billion on Dojo SupercomputerAt Charlott

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