Truist, Fifth Third pause products tied to Mark Walter firm amid probe
Truist Financial and Fifth Third Bancorp have paused distribution of products tied to Delaware Life Insurance, owned by Mark Walter, amid a U.S. federal investigation. The SEC and DOJ are examining over $20 billion in loans on the insurers' balance sheets. Delaware Life's credit ratings were downgraded in July. TWG Global's planned $10 billion investment by Mubadala is delayed. Walter denies wrongdoing.




