London-headquartered bank will reduce back-office jobs and aims to move some workers to new roles ...

Standard Chartered plans to cut 7,800 back-office jobs by 2030 as it expands AI use and targets 18% return on equity.

By Selena Li HONG KONG, May 19 (Reuters) - Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace "lower-value human capital" with technology, becoming ...

Standard Chartered plans to cut 7,000 jobs as the lender ramps up efforts to scale AI adoption to make its operations slimmer and more streamlined, Reuters reported. The bank said it would slash 15% ...

British multinational bank Standard Chartered just announced that it will cut 15% of corporate roles through 2030 and replace 'lower-value human capital' with AI. According to a Reuters estimate, this ...

Banking giant Standard Chartered has become the latest major company to announce job cuts as it increases its adoption of artificial intelligence (AI). The firm, which has its headquarters in the UK, ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The job cuts will be targeted at back office functions, ...

HONG KONG, May 20 (Reuters) - Standard Chartered (STAN.L), opens new tab CEO Bill Winters sought to assuage staff concerns on Wednesday, a day after saying that the bank will cut thousands of jobs ...

Standard Chartered will trim corporate functions roles and target a more than 20% increase in income per employee by 2028 as it seeks stronger returns.

This article first appeared on GuruFocus. Morgan Stanley analysts are now putting a sharper number on what AI could mean for Europe's banking workforce, and the figure is big enough for investors to ...