Truist Financial Corporation (NYSE:TFC) is floating the possibility of selling a portion of its underwater securities portfolio as a way to generate capital in a more demanding regulatory environment, according to CEO Bill Rogers.
At an industry conference on 05 December 2023 in New York City, Rogers included a potential restructuring of the securities portfolio as "one of the other variables" that the Charlotte, North Carolina-based company "would have to consider" as it prepares for upcoming new capital requirements. "I think that's in the mix," Rogers said about the idea of doing a large- or small-scale sale of the securities portfolio. "I mean, some could argue, in fairness, that's defensive. Some could argue it's offensive. So you could sort of pick your poison in terms of where you come out on that".