Market Chatter: Truist Financial, Fifth Third Bancorp. Pause Distribution of Delaware Life Insurance's Products

MT Newswires Live

5 hours ago

Truist Financial and Fifth Third Bancorp. have paused distribution of products tied to Mark Walter's Delaware Life Insurance, Bloomberg reported Friday, citing people with knowledge of the decisions.

While new product sales are paused, Delaware Life Insurance is in contact with both institutions, one person told the news agency. The move comes amid a US probe into Walter's business, casting a shadow over the credit ratings investors rely on when purchasing financial products, the people told the news outlet.

S&P Global Ratings and Fitch Ratings lowered their outlooks on Delaware Life in July, Bloomberg reported.

Truist and Fifth Third declined to comment to Bloomberg. Delaware Life said its communications with key distribution partners remain open and cooperative.

Truist Financial, Fifth Third Bancorp. and Delaware Life Insurance did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Delaware Life said its communications with key distribution partners remain open and cooperative.</p><p>Truist Financial, <a href=\"https://laohu8.com/S/FITB.PRK\">Fifth Third Bancorp</a>. and Delaware Life Insurance did not immediately respond to a request for comment from MT Newswires.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Truist Financial, Fifth Third Bancorp. 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Pause Distribution of Delaware Life Insurance's Products\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-08-31 17:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Truist Financial and <a href=\"https://laohu8.com/S/FITB.PRA\">Fifth Third Bancorp</a>. have paused distribution of products tied to Mark Walter's <a href=\"https://laohu8.com/S/VMM\">Delaware</a> Life Insurance, Bloomberg reported Friday, citing people with knowledge of the decisions.</p><p>While new product sales are paused, Delaware Life Insurance is in contact with both institutions, one person told the news agency. The move comes amid a US probe into Walter's business, casting a shadow over the credit ratings investors rely on when purchasing financial products, the people told the news outlet.</p><p>S&amp;P Global Ratings and Fitch Ratings lowered their outlooks on Delaware Life in July, Bloomberg reported.</p><p>Truist and Fifth Third declined to comment to Bloomberg. Delaware Life said its communications with key distribution partners remain open and cooperative.</p><p>Truist Financial, <a href=\"https://laohu8.com/S/FITB.PRK\">Fifth Third Bancorp</a>. and Delaware Life Insurance did not immediately respond to a request for comment from MT Newswires.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FITB.PRM","symbol_name":"Fifth Third Bancorp","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2663475079","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2663475079","pubTimestamp":1788169456,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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