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Standard Chartered to Cut 7,000 Back-Office Jobs by 2030: First Major Bank to Put AI on the Layoff Schedule

Standard Chartered became the first major global bank on Tuesday to formally attach a specific headcount-reduction number and a deadline to AI deployment, announcing at its investor and analyst day in Hong Kong that it will eliminate more than 15 percent of its corporate function workforce by 2030.

by Shannon Harwood

Tech
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by John Lopez
Tech
HSBC Online Banking Outage Hits Thousands on Black Friday, Striving to Restore Services
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Science
Mastercard Wants to Collect Your Expired Credit Cards to Recycle—Partnerships On the Way
by Isaiah Richard
Tech
Silicon Valley Bank's UK Arm Acquired by HSBC for Only $2; Assets, Liabilities Excluded
by Griffin Davis
Tech
Cryptocurrency is Shaping the Future, and Global Bank Leaders Agree with Blockchain Integration
by Isaiah Richard
Tech
HSBC to Release New Investing Feature for iOS, Android Clients to Encourage Young Investors
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Tech
HSBC to Prohibit Customers from Getting Stocks from Companies Holding Bitcoins, as of Latest Policy
by Sieeka Khan
Tech
FinCEN Files Leak Expose HSBC Continued to Allow Fraudulent Transactions Despite 'Cherkasky Scrutiny' Probation
by Isaiah Alonzo
Tech
World's Big Bank Scandal with HSBC and Barclays Allowing $2 Trillion-worth of Illegal Money In Their Systems—Investigators Discover!
by Isaiah Alonzo
Tech
Selfies To Become Password Alternatives As Companies Start Testing The New Security Method
by Chris Loterina
Tech
Forget Passwords, HSBC Launches Biometric Identification In The UK
by Anu Passary
Business Tech
Asus Wants To Acquire HTC But HTC Isn't Interested: Report
by Menchie Mendoza

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