Standard Chartered CEO Bill Winters was forced to apologize after referring to employees whose jobs are at risk from artificial intelligence as 'lower-value human capital'.

Bill Winters, CEO of British multinational bank Standard Chartered, issued an apology after describing employees whose jobs are susceptible to replacement by artificial intelligence as 'lower value human capital'.

Standard Chartered CEO Bill Winters and his team are reportedly in damage-control mode following a significant backlash triggered by his comment regarding "lower-value human capital." The statement has drawn widespread criticism.

Standard Chartered CEO Bill Winters is attempting to mitigate backlash after referring to staff as 'lower-value human capital,' stating that job cuts reflect changing work practices rather than the value of employees.

Standard Chartered Korea said Friday that senior executives from its parent organization, Standard Chartered, visited Seoul this week to hold a Group Management Team meeting and engage with employees and clients in Korea. The meeting took place from Monday to Wednesday at Standard Chartered Korea’s headquarters in Jongno, central Seoul. The visit included Standard Chartered Group CEO Bill Winters and other senior executives. Standard Chartered said its global leadership regularly holds managemen

The UK bank has too often been seen to put all its eggs in one basket

Standard Chartered CEO Bill Winters apologized for his choice of words after facing backlash for describing AI's impact as replacing 'lower-value human capital' amidst plans to cut 7,000 jobs by 2030.

Standard Chartered CEO Bill Winters commented on the challenging role and leadership faced by former Federal Reserve Governor Kevin Warsh.

A rare white spoonbill and a whooper swan have been observed wintering at Záhlinice ponds in the Kroměříž region of the Czech Republic, marking a highly unusual occurrence, possibly for the first time.

Standard Chartered CEO Bill Winters apologized for causing upset among staff with his remarks about artificial intelligence potentially replacing "lower value" human workers, though he did not retract the comments.

Regulators are reportedly scrutinizing Standard Chartered following comments made by CEO Bill Winters regarding artificial intelligence amidst job cuts.

Standard Chartered CEO Bill Winters initially announced plans to cut 8,000 jobs, replacing "less valuable human capital" with artificial intelligence, but has since retracted his statement in an email.

Standard Chartered CEO Bill Winters is facing a critical test regarding the bank's growth strategy following a prolonged period of turnaround efforts.

Standard Chartered reported an increase in profit, and CEO Bill Winters indicated his intention to remain in his position.