Banking

Last week's banking-tagged coverage centered heavily on artificial intelligence and its effects on the workforce and industry strategy. Fintech Futures covered HSBC's reported plans for widespread UK wealth job cuts tied to a major AI push, and separately reported that Norway's DNB will cut 400 jobs as part of an AI-driven restructuring. Fintech Futures also addressed a broader theme it called "the banking expectation gap," described as breaking out of mediocrity, without further elaboration. Fintech Wrap Up featured commentary from Suresh Balaji, CMO of Lloyds Banking Group, on how the UK's largest banking group is approaching the AI race. Connecting the Dots in FinTech covered the shift from digital banking to what it termed AI-native banking, describing this as the rise of machine-speed finance.

American Banker Fintech published multiple items, including a look at how online betting affects bank customers' behavior, an item on how higher rates will dominate banks' third-quarter earnings, and a story on a Chicago community bank where so-called "bank junkies" have taken leadership roles.

Deal activity and new banking charters also featured. Linas's Newsletter reported that Nubank walked away from a £10 billion deal to acquire Monzo following a 10% share drop, and in the same post noted that OpenAI is building a Wallet to let its AI Agents make payments without asking. Payments Wrap Up covered Rain's pursuit of the OCC's approval to create a national trust bank.

Other newsletters touched on more general industry subjects without elaboration: Banking Dive Newsletter listed top bank conferences to attend in 2027.