Barclays to slash 5,000 jobs in AI efficiency push

British lender Barclays has revealed plans to cut 5,000 jobs — about 5% of its total workforce — as part of an artificial intelligence-linked efficiency push. In its third-quarter earnings…

Citi supports Hana Bank’s first $100 mil. digital bond issuance – The Korea Times

Citibank Korea headquarters in central Seoul / Courtesy of Citibank Korea Citi has supported Hana Bank’s first $100 million digital bond issuance on Euroclear’s Digital Financial Market Infrastructure (D-FMI) platform,…

Visa is cutting 7% of employees in efficiency push as AI reshapes work

Visa’s Ryan McInerney delivers a keynote address at the Transact 15 conference in San Francisco, California, April 1, 2015. Noah Berger | Reuters Visa, which runs the world’s largest payments…

BofA warns investors to take profits as 70% of the bank’s bear market signals flash red

A growing number of “bear market signposts” are signaling that the market could be approaching a top and that investors should take profits now before a pullback, according to Bank…