1 of 1
Story summary
- A Morgan Stanley survey found U.S. banks eliminated 11% of positions and left 14% unfilled as AI replaces roles.
- Standard Chartered will cut almost 8,000 jobs by replacing lower-value human capital with technology, according to CEO Bill Winters.
- JPMorgan Chase chief executive Jamie Dimon and HSBC chief executive Georges Elhedery warned AI will reshape banking jobs.
- Analysts expect banks to boost operational and public-relations planning as AI automation expands.
