Standard Chartered
What the furore over ‘lower-value human capital’ reveals about AI and the future of banking
Lenders are learning that the artificial intelligence transition requires more than charting productivity gains
StanChart CEO apologises for ‘lower-value’ comments after outcry
The CEO’s remarks drew condemnation on social media and across Asia
StanChart CEO reassures staff after ‘lower-value human’ backlash
Winters’ remarks drew condemnation on social media and across Asia
Bank CEOs’ AI obsession collides with warning from watchdogs
The question of how to regulate AI is evolving across jurisdictions
StanChart Singapore to hire more wealth bankers amid plans to cut over 7,000 jobs globally
It will cut more than 15% of its global corporate function headcount; the impact on Singapore roles is still unclear
StanChart targets higher return, to reduce more than 7,000 roles by 2030
The bank is seeking to build on a long turnaround and deliver stronger growth
AI replaces ‘lower-value human capital’, StanChart CEO says
Bill Winters’ remarks echo a growing candor among global financial leaders regarding the realities of automation
South-east Asia’s green economy risks missing out on US$80b from ‘execution gap’: report
Over 35% of announced green capital expenditure has yet to be deployed, a major bottleneck in financing the energy transition
StanChart to expand Gulf wealth operation, boost teams for Taiwan, South-east Asia
The lender is adding about 50 private bankers in Singapore to serve wealthy Chinese clients
Standard Chartered profit jumps 17%, books US$190 million charge on Iran war
The upbeat results highlight how European banks have so far been able to shrug off the direct impact of the war on their businesses
