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 [...]
Close Brothers to axe fifth of jobs after motor finance ‘wipeout’ warning Banking Close Brothers has warned it will cull as much as a fifth of its headcount as the bank continued its aggressive cost-cutting strategy following mounting losses linked to the motor finance scandal. The FTSE 250 bank said it would axe a staggering 600 full-time roles by the end of the 2027 financial, which represents around [...]
Britain needs to ‘encourage enterprising entrepreneurs’ to kick-start economy Business Britain “needs to be a nation of shopkeepers once again” and “encourage enterprising entrepreneurs” to boost its economic prosperity, the chief executive of recruitment giant Reed has said. Speaking on an up-coming episode of CityAM‘s Boardroom Uncovered podcast, James Reed said if he was Prime Minister for the day, he’d “make Britain a destination [...]
Exclusive: LinkedIn to train AI on UK members’ profiles September 19, 2025 LinkedIn will begin using the profiles, posts, resumes and public activity of UK members to train its generative AI models from 3 November, CityAM can reveal. The Microsoft-owned professional network’s new terms of service, which were updated on Thursday, confirm that while private messages are excluded, most public-facing data will feed into AI systems [...]