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The Latest Breaking News from Bill Winters

Inside the gilded world of the banking elite

The SpaceX listing will make millions for Goldman Sachs, but the image-conscious firm kept its celebrations quiet. Has the finance world changed? Don’t bank on it, says Chris Blackhurst

Evening Standard

Boos, AI-washing, and 'lower-value human capital': The psychological traps CEOs are falling into when they botch their AI messaging

Standard Chartered's Bill Winters is just the latest CEO to stumble.

Fortune

After receiving backlash, the CEO of Standard Chartered apologizes for hurt over saying ‘lower value human capital’ will be automated by AI

Bill Winters, the CEO of Standard Chartered, says about 15% of “back office” corporate function roles will be reduced in the next four years.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Standard Chartered boss apologises for ‘lower-value human capital’ comments amid job cuts

Bill Winters faced backlash over remarks about some of near 8,000 staff set to lose roles to AI

The Guardian - UK

'More AI, fewer bankers': CEO of US' largest bank JP Morgan Jamie Dimon's remarks hint at a shift in Wall Street trend

JPMorgan Chase CEO Jamie Dimon suggests artificial intelligence will significantly reduce jobs at the bank. The company plans to hire more AI experts and fewer traditional bankers. This shift aims to boost productivity and change the nature of banking roles. Existing employees facing job obsolescence will be retrained or redeployed.…

The Economic Times

Standard Chartered boss says AI comments taken ‘out of context’ after backlash

The Asian-focused bank unveiled plans on Tuesday to cut around 7,800 jobs as it ramps up the use of AI across its operations.

Evening Standard

Standard Chartered boss sorry after saying AI would replace ‘lower-value human capital’ amid job cuts

The Asian-focused bank unveiled plans on Tuesday to cut around 7,800 jobs as it ramps up the use of AI across its operations

The Independent UK

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‘Lower-value human’: Standard Chartered CEO’s remark sparks outrage as bank plans job cuts in India, other hubs

Standard Chartered’s plan to cut nearly 7,800 jobs globally by 2030 has triggered a fierce backlash online after CEO Bill Winters described some roles as “lower-value human capital” while outlining the bank’s AI-driven overhaul.

The Times of India

StanChart CEO seeks to reassure staff over AI-linked job cuts

Standard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human capital" with technology and AI to boost profitability. He stated that while some roles will reduce or change, new opportunities will emerge, with a focus on reskilling and redeployment.

The Economic Times

Standard Chartered to Cut 7,000 Back-Office Jobs by 2030: First Major Bank to Put AI on the Layoff Schedule

Standard Chartered became the first major global bank on Tuesday to formally attach a specific headcount-reduction number and a deadline to AI deployment, announcing at its investor and analyst day in Hong Kong that it will eliminate more than 15 percent of its corporate function workforce by 2030.

International Business Times

Admin Staff Eliminated: UK Bank Standard Chartered Confirms 7,800 Job Cuts As AI Replaces Support Teams

Standard Chartered plans to cut 7,800 support roles by 2030, leveraging AI and automation to enhance productivity and efficiency, marking a significant shift in workforce strategy.

International Business Times UK

Standard Chartered plans to cut 7,000 jobs in AI push — lender wants to replace ‘lower-value human capital’ and focus on automation

Standard Chartered says that it will trim a huge number of positions from its back offices in a bid to increase automation.

Tom’s Hardware

Standard Chartered to cut more than 7,000 jobs as it steps up AI use

London-headquartered bank will reduce back-office jobs and aims to move some workers to new roles

The Guardian - UK

StanChart announces massive job cuts: Standard Chartered to lay off over 7,000 employees. Check deadline, reason

StanChart or Standard Chartered's move to streamline operations and rein in costs comes as more global firms slash jobs by deploying AI to improve efficiency.

The Economic Times

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The Economic Times

Incoming Fed chair Kevin Warsh has a difficult boss and a tough job ahead, says StanChart CEO Bill Winters

As Kevin Warsh steps into the role of leading the U.S. Federal Reserve, turbulent waters marked by soaring inflation await him, says StanChart's Winters. While there's a palpable push for interest rate reductions from political circles, some members within the Fed are advocating for hikes instead.

The Independent UK

Standard Chartered to cut around 7,800 jobs as AI use increases

The London-based company did not reveal the locations affected by the plans

Evening Standard

Standard Chartered to cut around 7,800 jobs amid increased AI use

The London-based company did not reveal the locations affected by the plans.

Bangkok Post

Standard Chartered to cut over 7,000 jobs as bank steps up AI adoption

HONG KONG — Standard Chartered plans to cut more than 7,000 jobs over the next ‌four years as it boosts adoption of artificial intelligence (AI) while targeting growth.

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news in one place.

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The Economic Times

Standard Chartered plans to cut thousands of jobs in AI push

Standard Chartered on Tuesday raised its profitability target, aiming for a return on tangible equity of more than 15% by 2028 and about 18% by 2030, after achieving its earlier 2026 targets ahead of schedule.

Evening Standard

Standard Chartered cashes in on rising wealth demand as it hikes boss’s pay

Income from the bank’s wealth division soared by nearly a quarter year on year and its global banking arm was up by 15%.

Evening Standard

FTSE 100 Live 24 February: AI disruption fears continue, banking stocks struggle

A mixed performance by the FTSE 100 index today reflected ongoing tariffs uncertainty and AI disruption fears.

Fortune

Stripe exec says she’s hiring new grads more than ever but she’s ‘sweating’ about the Gen Z talent pipeline—and warns the era of skills is at risk

Stripe’s head of data and AI is worried that Gen Z graduates won’t get jobs as the tech continues to take over skills—and warned of having no talent pipeline in 10 years.

The Guardian - UK

Aviva stands by climate goals in face of US and UK net zero pushback

As insurer’s shares hit highest level since 2008, CEO says green issues are also important for many of its clients

Fortune

Bank CEO breaks from the pack on return to office. He goes in 4 days a week but leaves the rest up to the 'adults' he works with

Standard Chartered CEO Bill Winters told Bloomberg: “We work with adults, and the adults can have an adult conversation with other adults and decide how they’re going to best manage their team.”

The Guardian - UK

‘Shame on them’: Standard Chartered CEO decries banks that drop climate pledges

Bill Winters criticises those that have rowed back on green commitments or have gone quiet amid political pressure

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