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Lawsuit claims IBM falsely used mainframe sales to boost AI, cloud businesses

CIO

A lawsuit has been filed against 13 current and former IBM executives, including CEO and Chairman Arvind Krishna and former CEO Ginni Rometty, accusing the company of securities fraud — bundling mainframe sales together with those of poorly performing products in order to make them appear more profitable than they actually were.

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F&G Annuities & Life Launches Its First Registered Index-Linked Annuity, F&G Confidence Builder

Wink Intel

The RILA category has experienced rapid growth over the last few years, with total industry RILA sales forecasted to be at a record level between $44 to $48 billion in 2023 1 as advisors and consumers continue to find RILAs an attractive solution in the current market. Disclaimer BofA Securities Inc. Disclaimer BofA Securities Inc.

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American Equity Rolls out Accumulation Product Enhancements

Wink Intel

BofA Destinations Index (Ticker: BOFADST5): Developed in collaboration with Bank of America and exclusive to American Equity, the volatility-controlled index tracks domestic equities, treasuries and a gold index. ABOUT BANK OF AMERICA. Credit Suisse Tech Edge Index (Ticker: CSEATEDG): The excess return index combines four U.S

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Principal Financial Group® Closes Reinsurance Transaction

Wink Intel

The company does not undertake to update these statements, which are based on a number of assumptions concerning future conditions that may ultimately prove to be inaccurate.

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Expert Insights: AI Adoption in Healthcare Delivery

Alpha Sense BI

Pathologists have been banking cancer tumor samples, and they have been making judgments on those samples for decades. I talk to a lot of different [AI] vendors, and they often ask, ‘What’s it going to take to make that sale?’

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Corebridge Financial Introduces Dimensional Index Designed Exclusively for The Power Series of Index Annuities

Wink Intel

No Licensor makes any representation with respect to the completeness of information related to the Index provided by AGL in connection with the offer or sale of any Annuity. May Lose Value • No Bank or Credit Union Guarantee. Annuities and riders may vary by state and are not available in all states. Not FDIC or NCUA/NCUSIF Insured.

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Private Equity: Trends and Outlook for 2023

Alpha Sense BI

For US dollar-denominated funds, analysts expect to see a higher number of deals in the UK as a result of this “sale”, according to Blair Jacobson, co-head of European credit at Ares. Longer sales cycles, slower topline growth, and flexibility in putting together deals have been the themes surrounding PE firm operations in recent years.