From mild to wild: What impact will AI have on banking jobs? Banking Top banking bosses have issued their AI verdict after Standard Chartered stunned the sector with plans for sweeping job cuts last month. In this week’s column Samuel Norman looks at whether a reckoning could be on the horizon. The big-name banker must have known how the conversation would go when he arrived for lunch with [...]
Standard Chartered shares hit 12-year high after income upgrade Banking Banking giant Standard Chartered has upgraded its income target for the full-year after its booming wealth business powered profit higher. The FTSE 100 lender posted a pre-tax profit of $1.8bn (£1.36bn) in the three months to September, ahead of the $1.5bn pencilled in by analysts. Shares in the bank jumped to a 12-year high after [...]
Standard Chartered shares jump after boosting annual profit Banking Standard Chartered shares jumped over four per cent Friday morning after the lender posted its full-year results. It announced an overhaul on executive pay, as the multinational bank missed analysts’ profit estimates for the final quarter. Pre-tax profit fell 30 per cent to $800m (£631m) for the fourth quarter. Analysts had estimated the FTSE 100 [...]