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A Banner Year for Banks–and the Moment to Shift Gears on Growth, AI, and Innovation

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BCG report finds that financial institutions delivered record shareholder returns in 2025; and for the first time in years, more than 80% of global bank equity is trading above book valueHowever, financial institutions still rank very low in price-to-earnings multiples. Closing that gap and sustaining value creation will require the industry to revise its approach. Acting from a position of strength, institutions have earned the right to invest boldly in AI, growth, and active portfolio reshapingFinancial institutions plan to invest 2% of revenue in AI this year. When placed at the center of strategy and deployed at scale, such investment yields significant productivity uplift across banking domainsAlthough the threat to disintermediate banks’ customer relationships that AI agents pose has never been stronger, banks have a window to respond with their own agentic propositions to engage customers, leveraging the trust they have earned over decadesFinancial institutions have stronger M&A momentum than any other sector globally. Conditions for portfolio reshaping are the most favorable in over a decadeThe best opportunities for innovation lie at the intersection of three structural forces: AI, nonbank financial institutions, and digital assets

BOSTON, June 8, 2026 /PRNewswire/ — Financial institutions had a banner year in 2025, outperforming every other industry including information technology. In addition, a majority of global bank equity now trades above book value. This recovery is genuine and durable, built on improved profitability, disciplined cost management, and strengthened balance sheets.

Having earned the right to act decisively from a position of strength, institutions now have the opportunity to deal with a persistent issue: price-to-earnings multiples have remained largely unchanged. Sustaining strong returns will require improving multiples, building on outsized growth, and developing a business model that is less reliant on the balance sheet—not merely defending existing profitability.

These are among the findings of Time to Shift Gears? Financial Institutions Have Earned the Right to Be Bolder on Productivity, Growth, and Innovation, a new report from Boston Consulting Group (BCG) released today. Drawing on BCG’s proprietary analysis of 1,498 financial institutions globally, the report examines how the sector can build on its strongest performance since the global financial crisis to create durable long-term value.

For the first time in many years, 80% of global bank equity (excluding China) trades above book value, giving institutions the mandate and the financial firepower to act boldly. The report warns, however, that if institutions default to returning capital through buybacks and dividends rather than reinvesting in scalable growth, they risk ceding ground to faster-moving competitors.

“Financial institutions have had an exceptional year, but the market is telling them something important: past performance is not enough,” said Saurabh Tripathi, global leader of the Financial Institutions practice at BCG and a coauthor of the report. “The P/E discount reflects genuine investor scepticism about whether banks can deliver sustained, compounding growth. Institutions that act now to redesign their operating models, redeploy capital into growth, and build AI into their strategic core have a real opportunity to close that gap. Those that don’t will find that it widens.”

The Productivity Paradox and How AI Is Breaking It

Despite years of significant technology investment, operating expenses relative to assets have shown only marginal improvement across most global banking markets, and financial industry headcount has grown at approximately 2% annually over the past three years. Digitization has layered technology onto existing processes rather than fundamentally reimagining them.

AI will change the rules of the game. New players have demonstrated outsized growth on the back of a truly scalable operating model. AI offers every institution the opportunity to get there. The report notes that winners are deploying AI at enterprise scale rather than running isolated AI pilots. Results across credit underwriting, wealth management, engineering, and operations are already material. Financial institutions plan to invest 2% of revenue in AI this year, with only the tech industry spending more. But targeting a genuine operating and business model redesign will be critical.

“The productivity problem in banking is structural, not cyclical, and incremental digitization has not solved it,” said Andreas Biffar, a managing director and partner at BCG and a coauthor of the report. “The institutions that are pulling ahead are rebuilding how they operate from the ground up, with AI at the center. The gains are already measurable, and the gap between leaders and laggards is widening faster than was anticipated one or two years ago.”

Bold Growth Requires a Clear View of Disruption

For institutions trading above book value, investing and targeting scalable growth is now the primary value lever. AI is expanding the addressable market in ways that were not previously economical, opening new opportunities in wealth management, lending, and other fee-based opportunities. At the same time, disciplined M&A, backed by the strongest conditions for portfolio reshaping in a decade, offers a complementary route to step-change value creation.

As the report warns, realizing these opportunities requires navigating a landscape that is shifting structurally. Nonbank financial institutions continue to strengthen their position across global revenue pools, digital assets are scaling rapidly toward mainstream financial infrastructure, and AI itself is compressing margins even as it enables growth. The institutions best situated to win are those that position themselves at the intersection of these forces, rather than simply defending against them.

Bold Ambition Demands Bold Execution

Capturing this opportunity demands more than strategy. It requires a fundamental redesign of how institutions are structured and run. The report’s final chapter sets out what such a redesign looks like in practice: concentrating investment on a small number of high-impact AI bets chosen with rigorous discipline, building five foundational enablers—technology, data, risk and compliance, operating model, and talent—at enterprise scale rather than piecemeal, and ensuring the CEO personally owns the transformation rather than merely sponsoring it. The contours of the intelligent financial institution are already visible in early movers. The window to build toward it is open now, but it will not stay open indefinitely.

Download the publication here:

https://www.bcg.com/publications/2026/future-of-finance-2026-time-to-shift-gears

Media contact:
Bruce Wraight
wraight.bruce@bcg.com

About Boston Consulting Group

Boston Consulting Group bridges the gap between ambition and outcomes for the world’s leading companies and organizations. We are built for this era of unprecedented change — bringing strategic clarity rooted in over 60 years of deep domain knowledge, combined with applied AI shaped by our practitioners. BCG works shoulder-to-shoulder with CEOs across industries and geographies to deliver transformative impact at scale: stronger returns, transferred capabilities, and change that sticks. For more information, visit bcg.com.

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SOURCE Boston Consulting Group (BCG)

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PR Newswire Signs Affiliate Membership with PRCAI to Strengthen India’s Communications Ecosystem

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– Partnership underscores commitment to ethical standards, AI-era visibility, and collaborative industry growth

MUMBAI, India, June 8, 2026 /PRNewswire/ — Leading global press release distribution platform PR Newswire today announced its Affiliate Membership with Public Relations Consultants Association of India (PRCAI), India’s premium communications body.

Through this partnership, PR Newswire will participate in PRCAI’s industry forums, thought leadership platforms, and Industry discussions, while contributing to initiatives that strengthen professional standards and elevate best practices across the sector.

“India’s communications industry is at a pivotal moment, shaped by digital transformation with AI-driven visibility, and evolving stakeholder expectations. Our partnership with PRCAI is a step towards achieving this and strengthening the network for faster and better results,” noted Winston D’Souza, Business Head, PR Newswire India.

This collaboration was lauded by Amit Yadav, Business Head, PR Newswire India, too. “Our affiliate membership with PRCAI reflects our commitment to supporting industry dialogue, enabling knowledge exchange, and contributing to the professionalization of PR and corporate communications in India,” he said.

This partnership will allow PR Newswire to: 

Become a practicing member of the Client–Consultancy Partnership Charter;Publish and showcase thought leadership content via PRCAI channels;Create speaker and engagement opportunities at PRCAI flagship initiatives and in industry reports;Allow exclusive/subsidized access to trainings and learning programs, masterclasses, and HR forums;Have a key presence on the PRCAI website, and connect to 180+ member network.

Winston D’Souza & Amit Yadav jointly head PR Newswire India and have been instrumental in the market expansion and financial performance. Both have spent over 15 years with PR Newswire, playing a key role in strengthening and growing the brand’s presence in India.

By decentralizing executive decisions and doubling leadership oversight, the co-leaders have successfully scaled core operations, unlocked innovative revenue streams, and fostered a high-performance culture. Their unified direction has not only accelerated compound annual growth but also solidified the company’s position as a resilient industry leader in the press release distribution space.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 500,000 newsrooms, websites, direct feeds, journalists, and influencers, and is available in more than 170 countries and 40 languages. From our innovative AI-powered PR Newswire Amplify ™ platform, award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive Multichannel Amplification™ catalogue of solutions to solve the modern-day challenges PR and communications teams face. For more than 70 years, PR Newswire has been the preferred destination worldwide for brands to share their most important news stories.

For more information, please visit www.prnewswire.com

About Cision

Cision is the global leader in consumer and media intelligence, engagement, and communication solutions. We equip PR and corporate communications, marketing, and social media professionals with the tools they need to excel in today’s data driven world. Our deep expertise, exclusive data partnerships, and award-winning products, including CisionOne , Brandwatch , Trajaan , and PR Newswire , enable over 75,000 companies and organizations, including 84% of the Fortune 500, to see and be seen, understand and be understood by the audiences that matter most to them.

About PRCAI

Founded in 2001, the Public Relations Consultants Association of India (PRCAI) is the nation’s most credible and influential communications body. For over two and a half decades, PRCAI has worked alongside its members to advance best practices, strengthen the profession, and nurture a world-class PR and communications ecosystem in India and beyond. With 180 member firms and thousands of practitioners, PRCAI champions ethical standards, talent development, innovation, and industry collaboration to build a globally competitive and future-ready communications ecosystem that contributes meaningfully to India’s business, cultural, and nation-building agenda. For more information about PRCAI, visit www.prcai.org.

For questions, contact the team at CisionPR@cision.com 

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Everything-PR Names the 100 People Shaping What AI Engines Say

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Inaugural ranking maps lab principals, policy architects, discovery infrastructure builders, and the editorial substrate behind ChatGPT, Claude, Gemini, Perplexity, and Google AI Overviews. Methodology published.

MIAMI, June 8, 2026 /PRNewswire/ — Everything-PR, the intelligence platform for communications, reputation, AI visibility, and digital discovery in the answer-engine era, today published The AI Communications 100 — its inaugural annual ranked index of the 100 people shaping what AI engines retrieve, synthesize, and answer.

ChatGPT, Claude, Gemini, Perplexity, and Google AI Overviews now mediate a growing share of buyer research, journalist sourcing, regulatory inquiry, and consumer discovery. The figures who shape what those engines say form a new class — distinct from traditional public relations, search engine optimization, and advertising. The AI Communications 100 identifies them.

Ten lanes. One hundred figures.

The index organizes the 100 across ten lanes of influence:

Lane 1 — Lab & Infrastructure Principals: Sam Altman (#1), Elon Musk (#2), Jensen Huang (#3), Demis Hassabis (#4), Dario Amodei (#5).Lane 2 — Answer Engine Builders: Aravind Srinivas (Perplexity), Liz Reid (Google), Mustafa Suleyman (Microsoft AI).Lane 3 — Policy & Governance: Helen Toner, Anu Bradford, Lina Khan.Lane 4 — Critics & Theorists: Geoffrey Hinton, Yoshua Bengio, Fei-Fei Li, Gary Marcus.Lane 5 — Open-Source & Decentralized AI: Yann LeCun, Clément Delangue, Arthur Mensch, Andrej Karpathy.Lane 6 — Journalists & Analysts: Casey Newton, Kara Swisher, Cade Metz, Karen Hao.Lane 7 — Lab Communications, Safety & Evaluation Operators: Jan Leike, Beth Barnes, Paul Christiano, Hannah Wong.Lane 8 — AI Discovery & Visibility Infrastructure: Matthew Prince (Cloudflare), James Cadwallader (Profound), Edo Liberty (Pinecone), Harrison Chase (LangChain).Lane 9 — Investors as Narrative Shapers: Marc Andreessen, Reid Hoffman, Vinod Khosla.Lane 10 — Foundations: Jimmy Wales (Wikipedia), Steve Huffman (Reddit), Tim Berners-Lee.

Methodology

Inclusion is editorial, governed by three filters: material influence on what AI engines retrieve, cite, or refuse to discuss; verifiable public record; and active in 2026. Curation is by the Everything-PR editorial team. Submissions are reviewed quarterly. The full methodology is published alongside the ranking.

On the record

“AI engines are the new shelf. The figures named in this ranking are the people who shape what those engines surface — and what they refuse to. Communications now operates through them, whether the profession has caught up or not.” — Ronn Torossian, publisher of Everything-PR

Access

The full ranking is published at everything-pr.com/ai-communications-100-2026. The methodology is at everything-pr.com/ai-communications-100-methodology. Lane deep-dives publish on a rolling cadence through Q3 2026. The 2027 edition refreshes in Q1 of next year.

About Everything-PR

Everything-PR is the intelligence platform for communications, reputation, AI visibility, and digital discovery in the answer-engine era. Publishing since 2009. Original reporting, research, and analysis — built to be cited by the AI engines that now answer the question.

About the publisher

Ronn Torossian is the founder and chairman of 5W AI Communications, the AI Communications Firm. He is the publisher of Everything-PR and the author of two best-selling editions of For Immediate Release.

Disclosure

Everything-PR and 5W AI Communications share common ownership. Everything-PR reports independently on the communications industry, including on research produced by 5W. Editorial decisions are made by Everything-PR’s editorial team. Everything-PR does not accept payment for inclusion on the AI Communications 100.

Media Contact
Everything-PR Editorial
editorial@everything-pr.com
everything-pr.com/ai-communications-100-2026

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SOURCE 5W Public Relations

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A New Lease of Life: Stories of Hope, Survivorship and Second Chances with Apollo Hospitals

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Cancer changes lives long before it changes medical reports.

NEW DELHI , June 8, 2026 /PRNewswire/ — It disrupts routines, alters plans, and tests families in ways they never imagined. It brings uncertainty, fear and difficult questions about the future. Yet for a growing number of cancer survivors, it is also becoming the beginning of a new chapter that is defined not by disease, but by resilience, hope and a renewed appreciation for life.

A 68-year-old Bengaluru resident never imagined that what seemed like fatigue and occasional digestive discomfort would lead to a diagnosis of advanced stomach cancer. When investigations revealed a large tumour in his stomach that had already spread to his liver, the prognosis was daunting. Alongside the cancer, obesity and other medical conditions made treatment even more complex. For him and his family, the diagnosis was overwhelming. The future suddenly felt uncertain. A multidisciplinary team led by Dr Poonam Maurya, Senior Consultant Medical Oncologist, Apollo Hospitals, Jayanagar, Bengaluru, developed a personalised treatment strategy designed not only to fight the disease but also to safely navigate the risks posed by his condition. Step by step, treatment progressed. What followed was a journey of courage, perseverance and trust. Today, more than two and a half years later, he remains cancer-free.

His story is a reminder that survivorship is not merely about completing treatment. It is about reclaiming life, rediscovering confidence, and finding joy in ordinary moments that once seemed uncertain.

For some families, survivorship begins even before cancer develops.

Raigad-based Shweta Harpude knows how the shadow cancer can cast across generations. Her mother succumbed to cervical cancer, while her sister was diagnosed with breast cancer. Having witnessed the disease touch multiple members of her family, she sought answers that could help protect the next generation. During her treatment for a BRCA1 gene mutation at Apollo Hospitals Navi Mumbai, doctors recognised the significance of her family history and advised genetic testing for her daughter, who was in her early thirties. The results revealed that she too carried the BRCA mutation.

What could have become another tragic chapter instead became an opportunity for prevention. Armed with knowledge, Shweta’s daughter now undergoes regular screening and monitoring, significantly improving the chances of detecting disease at its earliest and most treatable stage.

“These cases reinforce that cancer is not always sporadic. In many families, it runs in the genes. Early identification through genetic counselling and screening can save lives by enabling prevention and timely treatment,” says Dr Jyoti Bajpai, Lead, Medical Oncology, Apollo Hospitals Navi Mumbai.

Stories like these are becoming increasingly important as cancer continues to emerge as one of India’s most significant public health challenges. More than 15 lakh new cancer cases were reported in 2024, according to ICMR-NCRP estimates, and the numbers continue to rise.

Yet alongside this challenge, there is reason for optimism.

Advances in precision medicine, genomics, immunotherapy, robotics and radiation technology are transforming outcomes across cancer care. More patients are living longer, recovering faster and returning to meaningful lives after treatment.

Seventy-two-year-old Hira Nand Khurana from Delhi represents this new era of survivorship. A patient living with diabetes and history of cardiac bypass surgery, he was diagnosed with an aggressive bladder cancer. The diagnosis was particularly concerning because of his age, underlying health conditions and the complexity of the tumour. Using the advanced da Vinci Xi robotic surgical system, a team led by Dr Harshit Garg, Senior Consultant Uro-Oncologist and Robotic Surgeon at Indraprastha Apollo Hospitals, performed a complex radical cystectomy through minimally invasive surgery. The recovery surprised even his family. He was able to climb stairs by the third day after surgery and was discharged on the fourth day.

For many cancer patients, these milestones may appear small. Yet they represent something profound – the return of independence, confidence and normalcy.

“For decades, cancer treatment relied on a limited set of tools that often-affected healthy cells alongside cancerous ones. Today, we are entering an era of precision where treatment is increasingly personalised, targeted and less disruptive to patients’ lives,” says Dr Harshit Garg.

The future of cancer care is no longer measured only by survival rates. It is increasingly measured by how well patients live after treatment, how quickly they recover, how fully they return to their families, and how confidently they embrace life again.

The stories of these survivors remind us that while cancer may alter the course of life, it does not have to define it. Behind every diagnosis is a person, a family and a future worth fighting for.

For every survivor, the journey is different. Yet they share a common truth: cancer may have been part of their story, but it did not become the ending.

About Apollo Hospitals

Apollo revolutionised healthcare when Dr. Prathap Reddy opened the first hospital in Chennai in 1983. Today, Apollo is the world’s largest integrated healthcare platform with over 10,400 beds across 76 hospitals, 6,600+ pharmacies, 264 clinics, 2,182 diagnostic centres, and 800+ telemedicine centres. It is one of the world’s leading cardiac centers, having performed over 3,00,000 angioplasties and 2,00,000 surgeries. Apollo continues to invest in research and innovation to bring the most cutting-edge technologies, equipment, and treatment protocols to ensure patients have access to the best care in the world. Apollo’s 1,20,000 family members are dedicated to delivering exceptional care and leaving the world better than we found it.

 

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