CEOs announcing AI-first initiatives risk public backlash and internal toxicity if they fail to communicate sensitively, as seen in Standard Chartered CEO Bill Winters' gaffe. With 64% of businesses s…
David Hardoon, Standard Chartered's former global head of AI enablement, has joined Accenture as managing director and head of advanced AI for Southeast Asia. The move reflects growing demand for AI e…
The three biggest foreign banks in Indonesia—Citigroup, Standard Chartered, and HSBC—have repatriated $640 million in earnings since 2024, exceeding their combined profits, as President Prabowo Subian…
Kraken is in talks to acquire a 15% stake in Aave at a $385 million valuation, investing 35,000 ETH and receiving 250,000 AAVE tokens plus equity. The deal highlights the valuation gap between Aave's …
Banks are racing to hire AI leadership as regulatory pressure and client demand drive adoption, but AWS executive Shaown Nandi warns success depends on implementation. Standard Chartered and HSBC have…
Banco Santander, owner of Santander UK, announced plans to cut costs by over €500 million (£433 million) by accelerating AI adoption across its global operations, targeting more than €1 billion in ext…
CEOs are writing tone-deaf AI memos that threaten employees, refer to them as line items, or cheerlead technology they fear. Experts advise leaders to write separate memos for employees and shareholde…
NatWest CEO Paul Thwaite admitted that artificial intelligence will replace some banking jobs, joining other bank chiefs like Standard Chartered's Bill Winters and HSBC's Georges Elhedery in acknowled…
HSBC announced a partnership with Google Cloud to deploy AI across its operations, targeting over $100 million in cost savings or revenue generation. The bank plans to use AI for personalized wealth m…
AI adoption has slashed finance analyst job openings in London by nearly 80%, from over 350 to roughly 80 in four years, according to a Bloomberg report. Banks like Standard Chartered are cutting thou…
Bitcoin nearly hit $64,000 on Friday, and analysts predict a more favorable second half of 2026, citing potential catalysts such as a US-Iran peace deal and mega IPOs. Standard Chartered's Geoff Kendr…
Circle, the company behind the USDC stablecoin, raised $222 million in a private presale of its native ARC token for its purpose-built Layer-1 blockchain, Arc, achieving a $3 billion fully diluted val…
More than 35 companies, including Meta, Amazon, and Groupon, have laid off employees so far in 2026, continuing a trend of workforce reductions across tech, media, finance, and retail. Some firms, suc…
Standard Chartered CEO Bill Winters faced public outrage and regulatory scrutiny after referring to employees as "low-value human capital" in a statement about replacing workers with artificial intell…
Several leading AI executives have publicly softened earlier warnings that artificial intelligence would cause mass unemployment. Nvidia CEO Jensen Huang called the narrative linking AI to job loss "j…
Standard Chartered CEO Bill Winters apologized on LinkedIn for causing "upset" after referring to certain workers as "lower value human capital" that could be replaced by AI, backtracking on comments …
Standard Chartered CEO Bill Winters apologized for his "choice of words" after facing backlash for referring to some jobs as "lower value, human capital" during a discussion about AI-driven changes at…
Standard Chartered has announced plans to cut approximately 7,000 jobs as part of a strategic shift toward automation and artificial intelligence. The bank aims to replace what it describes as "lower-…
Meta committed $145 billion to AI infrastructure the same week it began firing approximately 8,000 employees, framing the cuts as a recalibration to "AI reality." Standard Chartered separately announc…