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Jewish News 24 · Sep 17, 2026

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Truist Financial is selling $5.5 billion in auto loans to Apollo Global Management, the investment firm co-founded by Jewish billionaire Leon Black, as new CEO Mike Lyons accelerates a strategic overhaul of the bank. The transaction is significant because it moves a large portfolio of consumer loans from one of the nation's major banks to one of the world's largest alternative investment managers.

Truist Financial is selling $5.5 billion in auto loans to Apollo Global Management, the investment firm co-founded by Jewish billionaire Leon Black, as new CEO Mike Lyons accelerates a strategic overhaul of the bank. The transaction is significant because it moves a large portfolio of consumer loans from one of the nation's major banks to one of the world's largest alternative investment managers.

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