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Generative AI in Investment Banking

Alpha Sense BI

While they are not newcomers to digital transformation, investment banks (IBs) are increasingly adopting generative artificial intelligence (genAI) across their organizations. In the last couple of decades, investment banks have adopted AI for customer-centric interfaces and to automate data functions. million per employee by 2026.

Banking 59
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UBS launches US equity-focused Climate Aware Equity Index to help investors meet environmental and financial goals

Wink Intel

Ghali El Boukfaoui, Head of Insurance Solutions at UBS Investment Bank said: “We are proud to collaborate with Global Atlantic around UBS Climate Aware Equity index which allows investors to access the theme of a low carbon and climate resilient economy, exclusively within Global Atlantic inaugural Registered Index Linked Annuity.

Banking 40
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F&G Annuities & Life Reports Second Quarter 2023 Results

Wink Intel

Our sales mix was consistent across our three Retail channels, including agent, bank and broker dealer, in the second quarter, as compared to the prior year. Weighted average diluted shares 125 107 125 106 Common shares outstanding 126 125 126 125 Book value per share $ 19.98 $ 24.77 $ 19.98 $ 24.77

Loss 40
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FNF Reports Fourth Quarter and Full Year 2023 Financial Results

Wink Intel

Net loss attributable to common shareholders for the fourth quarter of $69 million , or $0.25 per diluted share (per share), compared to $5 million , or $0.02 per share, for the fourth quarter of 2022. Total revenue, excluding recognized gains and losses, of $1.7 billion and $7.0 billion in full year 2022.

Loss 40
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F&G Annuities & Life Reports Fourth Quarter and Full Year 2023 Results

Wink Intel

Net loss for the fourth quarter of $299 million , or $2.41 per diluted share (per share), compared to a net loss of $176 million , or $1.41 per share, for the fourth quarter of 2022. Adjusted weighted average diluted shares 125 125 125 115 Book value per share $ 24.63 $ 19.09 $ 24.63 $ 19.09

Loss 40
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F&G Annuities & Life Reports First Quarter 2023 Results

Wink Intel

Net loss for the first quarter of $195 million , or $1.56 per diluted share (per share) primarily due to unfavorable mark-to-market, compared to net earnings of $239 million , or $2.28 per share, for the first quarter 2022. Net earnings (loss) include mark-to-market and other items which are not included in adjusted net earnings. .”

Loss 40
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Midwest Holding Inc. Reports Third Quarter 2022 Results

Wink Intel

million GAAP net loss incurred in the third quarter of 2021. GAAP earnings were $1.96 per share (diluted) versus the $(0.82) per-share loss in Q3 2021. million GAAP net loss incurred in the third quarter of 2021. We continue to see intense competition in the fixed annuity market around pricing and new competitors.

Loss 40