Bank layoffs: players split over how bad it will be
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Stockholm
WILL every second banker lose his or her job in the next decade? The answer to that question is probably "yes", according to the chief executive officer of Nordea Bank AB, Casper von Koskull. Others in the industry have made similar predictions, including former Citigroup Inc CEO Vikram Pandit. But not all bank executives take the same view.
At SEB AB, one of Sweden's four biggest banks, CEO Johan Torgeby said that there may even be more employees 10 years from now. Some positions will become redundant, but new roles will replace them and existing staff will be retrained. The key question is one of productivity and growth, he argued.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
