...A. However, over the next 6 quarters, Key will benefit from a well-defined net interest income opportunity as short-term swaps and treasuries reprice. B. As I mentioned during our second quarter earnings call, we expect our interest income benefit to reach approximately $900 million on an annual basis by the first quarter of 2025. C. We also benefit from a strong fee-based business with approximately 40% of our revenue coming from fees, a competitive advantage in the proposed new regulatory framework. D. Earlier this year, we successfully completed a company-wide initiative to reduce our annual expense run rate by $200 million, which in our instance, is 4% of our annual spend. E. We will further reduce expenses in the second half of 2023 and accelerate our plans to streamline and simplify our businesses and position Key for success in the future environment in the post positively environment. F. Credit losses remain relatively low across the entire industry. G. Today, more than half of...
