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Truist (TFC), Keycorp (KEY), Fifth Third (FITB) Report Higher Deposit Costs

Truist (TFC), Keycorp (KEY), Fifth Third (FITB) Report Higher Deposit Costs
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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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GTCR not becoming a buyout giant with Worldpay deal | Crain's Chicago Business

The Chicago-based private-equity firm followed the same blueprint it uses for midsize targets. In Worldpay's case, though, the deal happened to come to $18.5 billion. ....

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Regulators shut Signature Bank, pick industry veteran to run bridge bank

The FDIC named Greg Carmichael, who retired last year as CEO of Fifth Third Bancorp, to run a bridge bank that will hold Signature's deposits and most of its assets. ....

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Fifth Third Bank expanding in Northeast Florida

It's adding two branches and renovating another. ....

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