American International Group, Inc. (AIG) Management Presents at Barclays Global Financial Services Conference (Transcript)

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American International Group, Inc. (NYSE:AIG) Barclays Global Financial Services Conference September 14, 2020 10:30 AM ET

Company Participants

Peter Zaffino – President & Global Chief Operating Officer

Mark Lyons – Chief Financial Officer

Conference Call Participants

Tracy Benguigui – Barclays

Tracy Benguigui

Good morning. I’m Tracy Benguigui. I joined Barclays recently as the new insurance analyst. I am pleased to chat this morning with Peter Zaffino, President and Global Chief Operating Officer; and Mark Lyons, CFO of AIG. Peter and Mark, thank you for being here with us.

Just some housekeeping items before we kick off. There’s a live polling question list on the left side of your screen. And if asked for user name, just please use Barclays and look for the next button when you move through the polling question. We can see the results in real time. And on the left side of the screen, there’s also

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European shares hit over one-month high ahead of services, retail sales data

By Ambar Warrick

The German share price index DAX graph at the stock exchange in Frankfurt

© Reuters/STAFF
The German share price index DAX graph at the stock exchange in Frankfurt

(Reuters) – European shares rose on Thursday amid signs of a global economic recovery and hopes of more stimulus measures, with eyes on local service-sector and retail sales data that is likely to show sustained growth.


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The pan-European STOXX 600 index <.stoxx> rose 1%, tracking a strong session in Asia after a survey showed activity in China’s service sector grew for a fourth straight month in August.

Travel and leisure stocks <.sxtp> led gains across Europe on hopes of a COVID-19 vaccine, while bank stocks <.sx7p> bounced back after three straight sessions of losses.

French drugmaker Sanofi and its British peer GSK rose after they announced starting of a clinical trial for a protein-based COVID-19 vaccine candidate.

While the STOXX 600 hit a more than one-month high, it still stayed within a trading

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Rebalance’s Rapid Growth Recognized: Named to Two Prestigious Lists of Financial Services Industry’s Largest Investment & Wealth Management Advisors

PALO ALTO, Calif., Sept. 2, 2020 /PRNewswire-PRWeb/ — Rebalance, a mission-driven investment firm committed to making premium financial management services affordable and accessible to everyday investors, has been recognized as one of the most rapidly growing firms in the industry by the San Francisco Business Times and Financial Advisor.

Rebalance was named one of the Largest Bay Area Wealth Management Firms by the San Francisco Business Times. Wealth management firms included in this list are ranked by local assets under management for individual client accounts. This is the first year that Rebalance has been included in this prestigious list, where it debuted at #30.

In addition, Rebalance was named to Financial Advisor Magazine’s 2020 RIA Survey & Ranking, which lists the top independent Registered Investment Advisors throughout the United States. This was the first year Rebalance was included on this list, where it debuted at #360.

“We are

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Navient President and CEO to present at Barclays 2020 Global Financial Services Conference on Sept. 14

The MarketWatch News Department was not involved in the creation of this content.

Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced that President and CEO Jack Remondi will participate in a virtual fireside chat at the Barclays 2020 Global Financial Services Conference on Monday, Sept. 14. Remondi will deliver remarks at 1:15 p.m. ET.

A live video webcast, along with any written materials or slides used during the presentation, will be available at A replay will be available approximately two hours following the presentation through Sept. 28.

About Navient

Navient (Nasdaq: NAVI) is a leading provider of education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. We help our clients and millions of Americans achieve success through technology-enabled financing, services,

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Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $444,000 Stock Position in Alibaba Group Holding Ltd (NYSE:BABA)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Alibaba Group Holding Ltd (NYSE:BABA) by 34.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,059 shares of the specialty retailer’s stock after buying an additional 530 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Alibaba Group were worth $444,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Nkcfo LLC purchased a new stake in shares of Alibaba Group in the first quarter worth approximately $29,000. JJJ Advisors Inc. raised its stake in shares of Alibaba Group by 180.0% in the second quarter. JJJ Advisors Inc. now owns 140 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 90 shares during the

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Regions Bank Offers Disaster-Recovery Financial Services for People and Businesses Affected by Hurricane Laura

BIRMINGHAM, Ala.–(BUSINESS WIRE)–Regions Bank on Monday announced a series of financial services, including payment extensions and the waiving of certain fees, to help people and businesses in portions of Louisiana, Arkansas and Texas1 that were impacted by Hurricane Laura.

“At Regions, we are focused on meeting the financial needs of the communities we serve at all times, especially times like this when there’s a long recovery ahead,” said Steve Nivet, regional consumer banking executive for Regions Bank. “Our goal with these services is to make the process easier and to work collaboratively with our customers as we move forward together.”

Disaster-recovery financial services available for a limited time include:

  • No check-cashing fee for FEMA-issued checks cashed at Regions branches in impacted areas2
  • Regions will waive or refund fees charged by non-Regions ATMs for bank customers in impacted areas for 15 days beginning Monday, Aug. 31.3
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FinTech Company Uses Online Appointment Setting to Keep Financial Services Professionals In Business During COVID – Goes Public Under GRWCD

HENDERSON, Nev., Aug. 20, 2020 /PRNewswire/ — Grow Capital, Inc (OTCPK: GRWCD) (GRWCD) today announced that it has formally acquired Public Employee Retirement Assistance, LLC (PERA).

GRWCD now owns 100 percent of the ownership interests of PERA, a third-party marketing organization that facilitates meetings between state-licensed representatives and public employees who have retirement related questions.

PERA currently works with employees of school districts, colleges, universities, and other public institutions nationwide. Every state licensed representative is appointed with one or more of the institution’s approved vendors.

PERA is headquartered in Nevada and has been the driving force behind connecting retirement professionals and public employees who want retirement planning help during school and government building closures.

PERA has over 5,000 trusted advisors in its network to help public employees and has successfully set near half a million appointments for it’s clients since its inception.

GRWCD CEO Terry Kennedy praised PERA for

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JMT Consulting Partners with Commonwealth Purchasing Group to Provide Discounted Financial Management Services to Community Health Center Nonprofits


2 “Strong Buy” Stocks Under $3 With Massive Upside Potential

The markets are up, and the bulls are running. According to Mike Wilson, chief US equity strategist for Morgan Stanley, now is the time to buy in. Wilson believes that the market’s recent rise signals “a pretty darn good” economic recovery in store for us next year. “We think that a return of topline growth and a material reduction in the cost base will lead to operating leverage flow through that such that peak profits will appear again before peak sales… We’ve seen margin upside drive earnings growth coming out of prior recessions and expect the same this time, with potential further upside from massive fiscal stimulus,” Wilson wrote in a recent note. We’ve taken a page from Wilson’s book, and used the TipRanks database to tag two stocks with a clear appeal to investors in the current climate:

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BankUnited to Offer Goldman Sachs Personal Financial Management’s Investment Advisory and Retirement Plan Consulting Services to Commercial and Corporate Clients

MIAMI LAKES, Fla.–(BUSINESS WIRE)–BankUnited today announced it has entered into an agreement with United Capital Financial Advisers, LLC d/b/a Goldman Sachs Personal Financial Management to provide BankUnited’s commercial and corporate clients investment advisory and retirement plan consulting services.

“From retirement plan consulting to investment advisory, communication, and education, we believe Goldman Sachs Personal Financial Management will deliver a broad range of top-level retirement program planning services to help our clients’ retirement programs thrive,” said BankUnited COO Thomas M. Cornish. “We are excited to add this program to our lineup of offerings to corporate and commercial clients.”

The arrangement represents the first of its kind for BankUnited, which will roll out the program to eligible corporate and commercial clients through their relationship bankers beginning in the third quarter of this year.

“At Goldman Sachs Personal Financial Management, we understand the challenges companies face when it comes to maintaining the

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AI’s Role in Digital Transformation for Financial Services

Richard Allman, Impact Strategy Lead – Financial Services at SparkBeyond

In a world economy overshadowed by the fallout from Covid-19, banks and the FSI industry as a whole are looking for ways to remain relevant, solvent, and at the forefront of clients’ minds. They must do this while not being seen as the ‘bad guys’ of the world economy.

So far they have managed well. As we look to the future, and the possible shocks yet to come, what role does AI have to play in this mission, and what broader digital transformation is needed to ensure these organizations stay stable and continue their growth?

Growth in an age of physical remoteness

It is clear that as consumers become used to living and working from home, many tech companies have seen their share price skyrocket from the effects of this behavioral change – with Amazon being a notable example.


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