fintech / news / / Times Now
The global lender plans to eliminate more than 7,000 positions over the next four years.
Standard Chartered plans to cut over 7,000 jobs in corporate functions by 2030.
KEY POINTS
- The bank explicitly links these job reductions to accelerated AI adoption in operations.
- Largest job impacts will occur at service centres in Chennai, Bangalore, Kuala Lumpur, and Warsaw.
- Standard Chartered has raised its ROTE profitability target above 15% by 2028, aiming for 18% by 2030.
- The bank moved its $200 billion net new money wealth-management target up to 2028 from 2029.
COMPANIES
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