Barclays to cut 5,000 jobs amid AI expansion
Barclays is the latest high street bank to announce a headcount reduction at the same time as an expansion in the use of AI.
Latest Financial AI news from verified sources, updated automatically.
Barclays is the latest high street bank to announce a headcount reduction at the same time as an expansion in the use of AI.
Bitcoin as much as 2.9% to around $81,600 as Nasdaq futures dropped, while the CoinDesk 80 lost 3.5% and DeFi index slid 6%.
The Nasdaq is down more than 2% as the AI bull market trade continues to unwind. U.S. interest rates are plunging even as oil surges.
New offerings include enhanced supplier-spend analytics, virtual-card fraud prevention capabilities and a live pilot enabling trusted AI agents to complete B2B invoice payments Visa (NYSE: V) announced three capabilities across commercial card growth, virtual card security and…
Citadel's founder says investors are almost certainly in an AI bubble, warns a chip glut could crash prices like empty airline seats, yet expects the survivors to lead for decades.
Nvidia's OpenShell Reference Architecture pairs a software sandbox on Vera CPUs with Sentry monitoring on BlueField-4 chips, aiming to let companies run autonomous agents while enforcing limits agents cannot reach.
OpenAI says its models found PHP2Shell and led a two-month coalition to fix it. It's the same AI that broke into Hugging Face and an Australian government portal this year.
The Pittsburgh-based regional bank has made big bets on AI internally. But Bill Demchak said agents transacting could "mess with people's lives."
At Sibos 2026, Red Hat and Kyndryl reveal how banks can balance AI innovation with core system resilience and embedded trust.
At Sibos 2026, the Euro Banking Association shares the ways in which banks can combat agentic AI disintermediation and reduce European payment fragmentation. How agentic AI could reshape bank brands and customer loyalty.
GLOBAL, October 19, 2026 — WTW (NASDAQ: WTW) has announced the next-generation AI Assistant for RiskAgility Financial Modeller (FM), its flagship life modelling and financial reporting platform. The integration of semi-autonomous agentic capabilities in RiskAgility FM moves…
Jessica Rusu, FCA chief data, information and intelligence officerat Bloomberg's UK Policy Series. The Mills ReviewThat is why we commissioned the Mills Review, published in July, focused on how AI could reshape retail financial services by 2030.Some developments we anticipated…
At Sibos 2026, Pega’s Steve Morgan talks about banks can leveraging agentic AI to deliver seamless corporate self-service experiences.
Exchanges experiences and views on developments in artificial intelligence for the global banking system and supervisors, modernisation efforts and implications for the Committee’s future work programme...