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Mckinsey: Banks Are at Risk of Losing 170 Billion Dollars because of Ai, After Having Gained a Global Record. the Precision, Not the Size, Will Decide Who Wins in the Next Decade.
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The global banking sector has recorded a record of 1.2 trillion dollars in 2024, the largest in history for any industry. Intermediate funds from the banking sector have reached $426 trillion - four times the global GDP.
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Banks made record profits globally in 2024, but risk losing USD 170 billion due to AI
The global banking sector posted record profits of USD 1.2 trillion in 2024, the highest in history for any industry. Funds brokered by the banking sector reached USD 426 trillion—four times global GDP. However, capital markets remain sceptical: bank valuations are nearly 70% lower than the average for other industries, according to McKinsey’s Global Banking […] The post Banks made record profits globally in 2024, but risk losing USD 170 billion…
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