StanChart to Slash Back-Office Roles to Boost Returns

Standard Chartered Plc plans to cut support roles by more than 15%, joining other lenders to use artificial intelligence to replace workers, as it raised its return targets over the...

By Ambereen Choudhury, Denise Wee · Bloomberg

Standard Chartered Plc plans to cut support roles by more than 15%, joining other lenders to use artificial intelligence to replace workers, as it raised its return targets over the next four years.