Standard Chartered bets on AI as it cuts ‘lower value human capital’ May 19, 2026 Standard Chartered has announced plans to slash almost 8,000 back-office roles, stoking fears about the wide scale threat artificial intelligence poses to the global job market. The London-headquartered lender said it would reduce over 15 per cent of its support functions by 2030, equivalent to around 7,800 jobs, as boss Bill Winters pushed through a [...]
Money20/20 Europe Announces Powerhouse Speaker Lineup Featuring Leaders from Klarna, BBVA, ABN AMRO, Mastercard, eToro, and Revolut May 19, 2026 Leading voices in payments, banking, and fintech innovation to take the stage in Amsterdam
The 2026 London Craft Week China Pavilion opens: Eastern craftsmanship blooms in the new era and women’s ingenuity spreads the beauty of China May 19, 2026 On May 12th, the China Pavilion of the 2026 London Craft Week officially opened at the Royal Mint Court in London. With the theme of Those Who Make China Beautiful, this year’s China Pavilion focuses on Chinese female handicraft creators and intangible cultural heritage inheritors. The exhibition featured wedding costumes, ethnic embroidery, auspicious patterns, and [...]
88% of UK Customers Would Switch Banks Due to Financial Crime Failures, ThetaRay Report Finds May 19, 2026 ThetaRay, a global leader in AI financial crime compliance, today released The ThetaRay UK Banking & Fintech Trust Report 2026. The findings, launched on the eve of The Global RegTech Summit, reveal a systemic shift in consumer behavior: 88% of UK customers are prepared to abandon their primary financial institutions over failures in preventing money [...]
KfW, Germany’s largest national promotional bank, future-proofs regulatory reporting, by migrating to Regnology Reporting Hub (RRH) May 19, 2026 Longstanding client transitions to the next-generation RRH solution, delivered on Regnology’s Rcloud architecture
Unemployment back up as UK job vacancies fall May 19, 2026 Unemployment crept back up despite a fall in last month’s data as it was shown that the UK jobs market weakened in the last quarter. The Office for National Statistics said the UK unemployment rate was five per cent in the three months to March 2026. The unemployment rate had dropped to 4.9 per cent [...]
As it happened: Choppy finish for FTSE 100 as global markets rocked by AI sell-off May 19, 2026 Welcome back to the City AM liveblog. Businesses have raised the alarm over falling vacancies as new data showed a further weakening in the jobs market. Vacancies remained at a five-year low in April 2026, with a leading industry group saying recruiters were “pausing” plans to hire workers. The British Chambers of Commerce’s head of [...]
Markets have entered negative gamma – buckle up May 19, 2026 Dealers are forced being to buy rallies and sell dips, increasing volatility. That should serve as a warning. Although markets currently appear calm and resilient, beneath the surface they are becoming more fragile, says Helen Thomas Markets are entering a profoundly unstable moment for the global price of risk. The supply shock emanating from the [...]
Revolut deploys AI to scrutinise law firms in major shake-up May 19, 2026 Fintech giant Revolut is scrapping the ‘traditional’ method of assigning external law firms in favour of a new system where no law firm’s position is secure. Businesses that need external law firms on hand hold a panel session, where they vet law firms within their price range, and those that win secure a spot for [...]
Big Tech’s big problem? Consumers are paying to opt out May 19, 2026 Many executives approving AI copilots are also privately paying for products to shield their own children from technology.