Banking

AI to Replace 4,000 Jobs in Southeast Asia's Largest Bank

This is Beirut, 25/02 16:25 - Reading : 1 minute(s)

Artificial Intelligence Technology Banking

Southeast Asia's largest bank DBS said that 4,000 jobs could be cut in the next three years and be replaced by artificial intelligence as the technology becomes more advanced. "Over the next three years, we envisage that AI could reduce the need to renew about 4,000 temporary/contract staff across our 19 markets working on specific projects," a ...

FATF: Lebanon Could Be Granted a Grace Period

Liliane Mokbel, 2024-10-20 16:52 - Reading : 3 minute(s)

FATF GREY LIST Banking

According to several reliable sources, Lebanon could soon be added to the Financial Action Task Force (FATF) grey list. A decision is expected in five days. If confirmed, this would hardly come as a surprise. However, rumors have circulated over the past 24 hours about a possible postponement of the decision to November rather than October, ...

UK Banker Jacob Rothschild Dead at 87

This Is Beirut, 2024-02-26 19:52 - Reading : 1 minute(s)

Banking J. Rothschild Assurance Group Lord Jacob Rothschild NM Rothschild & Sons Rothschild Family United Kingdom

British financier Jacob Rothschild, a prominent member of the Rothschild banking empire and philanthropist, has died at the age of 87, his family announced Monday. Rothschild was born in Berkshire, west of London, in 1936, the eldest son of Victor Rothschild, a British scientist, intelligence officer and oil executive who advised both ...

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