#banking-industry

[ follow ]
#ai-automation #workforce-reduction #corporate-leadership #employee-value #artificial-intelligence
fromFuturism
6 days ago

A CEO of a Bank Just Said Something So Ghoulish About Its Plans for AI That He's Now in Full Damage Control Mode

“Many of you will have seen media coverage following the investor event in Hong Kong, particularly the reporting around automation, AI, and workforce changes,” Winters said in the memo, per The Wall Street Journal. “I know this may be unsettling when reduced to simple headlines or a quote out of context.”
Artificial intelligence
Business
fromTNW | Future-Of-Work
1 week ago

Wall Street's six largest banks cut 15,000 jobs and posted $47 billion in profits. The CEOs stopped pretending.

Six largest US banks cut about 15,000 jobs in Q1 2026 while reporting $47B profits, with CEOs citing AI as a direct driver of headcount reductions.
Cryptocurrency
fromThe Verge
2 weeks ago

The crypto Clarity Act returns to the Senate this week. The banks are already trying to kill it.

The Clarity Act is being reconsidered in the Senate, while major financial and banking groups are mobilizing pressure against it ahead of potential political shifts.
Television
fromPitchfork
2 months ago

Industry Got Darker. So Did Its Score.

Industry's fourth season evolves into a high-stakes psychosexual thriller featuring financial intrigue, international spycraft, and morally bankrupt characters operating in an absurdist world of cutthroat banking.
Podcast
fromThe New Yorker
2 months ago

Failed "Finance Bros" Find Success with HBO's "Industry"

Industry creators Mickey Down and Konrad Kay draw from their failed banking careers to create a show about junior investment bank employees navigating financial and personal dramas in London.
Business
fromwww.bankingdive.com
4 months ago

PNC mandates 5-day RTO starting May 4

PNC requires employees to return to in-office work five days a week starting May 4, citing in-person collaboration and company culture.
fromBusiness Insider
4 months ago

How business leaders are responding to Trump's plan to cap credit card interest rates, from JPMorgan to SoFi

In a post on Truth Social, Trump said on Friday he would call for a one-year cap of 10% on credit card interest rates, arguing that consumers are being "ripped off" by rates that he said can be as high as 20% or 30%. Congress, not the president, has the power to implement such a cap. Similar proposals have previously stalled on Capitol Hill.
US politics
Business
fromBusiness Insider
10 months ago

Citi junior bankers asked to disclose future-dated private equity jobs

Citi requires junior bankers to disclose future job offers to prevent private equity poaching and protect early careers.
Remote teams
fromThe Globe and Mail
11 months ago

Opinion: Banks, if you want staff back in offices, give them proper offices to go back to

Canada's banks are moving away from remote work due to concerns about productivity and effective collaboration.
[ Load more ]