Private-capital firms have injected more than $31 billion of net new private capital into the life and annuities industry worldwide since 2014

Mercer strategists identified that the strategies are often treated as a “high-octane” add-on for portfolios

Nearly one in six banks admit to lagging behind or working to catch up with digital transformation

Trading revenue of US banks reached $15.6 billion

Banks would lose nearly $685 billion in hypothetical scenario of extreme recession

Three-quarters of respondents expect AI to introduce more benefits than risks to central banks

The majority of consumer and commercial credit cards will migrate to Visa by 2026

Over three-quarters of customers who received financial advice acted on it

Firms seek to acquire $10 billion US student loan portfolio

Lack of uniformity between merger rules could prolong process, trade groups said