#standard-chartered
RBI rate hikes to start in June, says Standard Chartered
RBI rate hike: Economists at Standard Chartered anticipate India's central bank will begin raising interest rates as early as June due to escalating inflation risks from higher crude prices. They predict 50 basis points of hikes, split between June and August…
Don't fight AI, HSBC CEO tells staff members as banks begin job cuts
LONDON: HSBC appealed to staff members not to fight AI on Wednesday (May 20), saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to calm workers over comments that the technology would replace "lower-value human c…
Inside India’s biggest banking and financial services tech hubs
Standard Chartered plans to cut over 7,000 jobs in four years, replacing human capital with technology, particularly impacting back-office roles in India. This move aligns with a broader trend of financial firms leveraging AI and tech hubs in India for both s…
Standard Chartered to cut over 15 per cent corporate function roles globally
As per the bank’s investor day presentation, “corporate functions” is defined as non-frontline support services headcount along with independent contractors/ consultants.
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.