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International Business Times UK
International Business Times UK
Jim Manzon

Is Your Banking Job Safe? Morgan Stanley Warns AI Could Wipe Out 200,000 European Roles by 2030

European lenders are fast-tracking AI adoption amid investor pressure to improve weak returns on equity. (PHOTO: Igor Omilaev/Unsplash)

If you work in banking, your job security may have recently been called into question.

Morgan Stanley has projected that more than 200,000 European banking jobs could disappear by 2030, warning that artificial intelligence and rapid digitalisation are set to transform the sector in ways not seen for decades, according to a report by the Economic Times.

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