HSBC weighs up to 20,000 job cuts amid AI shift – report
HSBC is considering cutting up to 20,000 roles, representing around 10% of its workforce, over the next few years in AI-driven overhaul, reported Bloomberg. The job cuts would…
20 Mar 2026
Kotak, Federal Bank compete for StanChart India card clients – report
Standard Chartered is assessing offers from Kotak Mahindra Bank and Federal Bank to acquire up to 600,000 of its Indian customers who only use its credit cards, reported Reuters. The review is part of…
20 Mar 2026
Tokenization reaches the real world: New Celent report alert
Celent has published a report entitled Tokenization Reaches the Real World.Headlines about the tokenization of real-world asset (RWA) have been streaming for over a decade. Combined with the launch of stablecoins…
20 Mar 2026
US Buy Now Pay Later usage surges as new products proliferate: JD Power
BNPL usage in the US continues to rise but there is a notable divergence in overall satisfaction between bank-based BNPL services (up from last year) and fintech BNPL brands (down…
20 Mar 2026
78% of UK businesses now using AI – less than a third see financial benefits
Some 78% of UK businesses claim to be using AI in some capacity. This rises to 85% for mid-sized organisations (100-249 employees), the highest of any group. A further 14% are…
18 Mar 2026
Treasury Committee seeks answers on Lloyd’s Bank data breach
The Chair of the Treasury Committee has contacted Lloyds Banking Group following a technical malfunction last week that resulted in some customers viewing details from other people’s accounts in the…
18 Mar 2026
OakNorth expands US hiring as Community Unity acquisition nears – report
OakNorth Bank is increasing recruitment in the US as it moves closer to completing its acquisition of Michigan-based Community Unity Bank, reported Bloomberg. The transaction, structured as an all-share deal…