Morgan Stanley

ON 2 JANUARY, LOCAL TIME, ON 31 DECEMBER, THE BRITISH FINANCIAL TIMES REPORTED THAT EUROPEAN BANKING WAS FACING A DEEP-SEATED ROUND OF HUMAN REJUVENATION AS AI ACCELERATED ITS PENETRATION OF BANKING OPERATIONS AND CONTINUED CONTRACTION OF OFFLINE POINTS. MORGAN STANLEY PREDICTS THAT BY 2030 EUROPEAN BANKS MAY HAVE LOST ABOUT ONE TENTH OF THEIR JOBS, INVOLVING MORE THAN 200,000 PEOPLE. MEASUREMENTS BY 35 BANKS SHOW THAT LAY-OFFS ARE MAINLY CONCENTRATED IN THE “CENTRAL SERVICE” SECTOR, SUCH AS THE MIDDLE BACKSTAGE, WIND CONTROL AND COMPLIANCE. ON A CURRENT SCALE, OF THE 2.12 MILLION EMPLOYEES, ABOUT 212,000 MAY BE CUT. I DON'T KNOW