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Banking

Wells Fargo slashing jobs by the thousands in AI push

"We should be able to run this company with less headcount than we’ve got today."

Citigroup CEO Jane Fraser sits on stage with a Citi branded podium in the background

An end to its six-year tech transformation opens the door for more AI spending, but it's not all good news for staff...

A view of Goldman Sachs tower in New Jerse

Cloud, AI and cybersecurity are top of mind for the bank managing $3.6 trillion.

Exclusive: Nomura appoints Tokyo-based CIO as Patrick Eltridge leaves

Tokyo-based Akio Hori will continue the globalization of the CIO role, says the bank.

Revolut’s wait is over: Its stack overhaul continues

Revolut finally gets the green light for UK banking license after five years.

HSBC retiring a third of applications amid AI-powered "reengineering"

And 31,000 engineers are now using its GenAI coding tools.

Is regulatory opacity “chilling” AI adoption in financial services?

“‘I did not understand it’ is not a defence" says FCA and denies new senior managers regime is needed.

Bank of America CEO Brian Moynihan

The bank's 18,000 developers use GitHub Copilot.

BNY CFO: We spend more on cyber than on AI

"We’ve been quite constrained in our spending, and we’ve been very disciplined."

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