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09.06.26 - 02:21
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"Replacing Lower Value Human Capital": Banks Cut Staff As Recent Grads Face Off Against AI For Jobs (ZeroHedge)
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"Replacing Lower Value Human Capital": Banks Cut Staff As Recent Grads Face Off Against AI For Jobs
As AI reshapes banking, students entering the industry are confronting a double challenge: navigating AI-driven hiring processes today while wondering how many traditional finance jobs will remain tomorrow, according to Bloomberg.
Warwick University student Andre Bonnick, for example, spends hours preparing for automated screening interviews rather than conversations with human recruiters. While he hopes to secure a role in finance, he is also weighing options such as further study as entry-level opportunities become more competitive.
Industry leaders have been increasingly candid about AI's impact on employment. JPMorgan CEO Jamie Dimon stated that the technology “will eliminate jobs,” while other bank executives have acknowledged that some roles may no longer be needed as automation expands. Standard Chartered CEO Bill Winters described the shift as “replacing in some cases lo...
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08.06.26 - 03:06
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AXA, Standard Chartered eye expansion in Hong Kong′s booming offshore wealth market (SCMP)
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French insurer AXA and London-headquartered Standard Chartered will both launch new offerings aimed at capturing high-net-worth clients this week, indicating that the recent regulatory tightening of cross-border investment by mainland investors has failed to dampen plans by international financial firms to expand in Hong Kong.
AXA on Monday will introduce AXA Global Private, a platform targeting high‑net‑worth clients who have HK$10 million (US$1.28 million) to HK$50 million worth of insurance......
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04.06.26 - 17:57
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Standard Chartered Sees Bitcoin Bottom "Almost In" As Crypto Crashes To 3-Month-Lows (ZeroHedge)
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Standard Chartered Sees Bitcoin Bottom "Almost In" As Crypto Crashes To 3-Month-Lows
Authored by Naga Avan-Nomayo via TheBlock.co,
After a brutal week for bitcoin (down over 20% in the last 9 days), Standard Chartered said the worst may soon be over for the largest cryptocurrency and the broader digital asset market.
The bank's Global Head of Digital Assets Research, Geoffrey Kendrick, said in a note entitled "The Low Is Almost In", the bitcoin market is close to a bottom, arguing that structurally resilient spot exchange-traded fund holdings and an anticipated large buyback by Strategy make a compelling case that the worst of the current sell-off is over.
"This week has been painful in crypto. There is really no other way of putting it," Kendrick wrote in a client note on Thursday.
"But I think when we look back at the end of 2026 with BTC at $100,000 and ETH at $4,000, we will say this was the buying zone we all wanted."
Bitcoin was trading around $64...
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02.06.26 - 19:39
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′Crypto Spring′: StanChart Sees Ethereum Outperforming As Mt. Gox Moves $739M BTC From Cold Wallets (ZeroHedge)
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'Crypto Spring': StanChart Sees Ethereum Outperforming As Mt. Gox Moves $739M BTC From Cold Wallets
“Over the past week, we acquired 26,497 ETH,” Bitmine Immersion Technologies Chair, Tom Lee, said in a statement on Monday.
“In our view, ETH prices are not reflecting the strengthening of Ethereum fundamentals, but then again, this is not surprising given we are in the early stages of crypto spring.”
As CoinTelegraph reports, Bitmine is the largest Ether treasury company with 5.4 million ETH worth more than $10.5 billion.
It had slowed its pace of buying earlier this month after scooping up more than 100,000 Ether a week for three straight weeks.
Lee told CNBC on Monday that there is disappointment in crypto at the moment because it hasn't moved while other sectors like software are rallying, but argued that it “always happens at the end of crypto winter.”
Lee argued that the thesis for Bitcoin and Ethereum that he believes in still stands; that they are likely to be the ...
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