SENSEX
NIFTY
GOLD
USD/INR

Weather

image 39    C

Company News

The Economic Times

Company / The Economic Times

details

StanChart CEO apologises for 'upset caused' by AI comments

Standard Chartered CEO Bill Winters has apologized for comments about artificial intelligence replacing workers. He stated that the bank is investing in AI technology. This move is expected to lead to job cuts. Winters clarified his remarks, emphasizing the bank's commitment to its employees. Regulators in Hong Kong and Singapore are seeking more information.

22 May 2026 3:28 pm