Standard Chartered Announces $1bn Share Buyback Amid AI Adoption
UKPulse Money Desk
Standard Chartered, the Asia-focused UK lender, has launched a $1bn share buyback programme.
- Standard Chartered has initiated a $1bn share buyback.
- The bank is implementing a cost-cutting plan that includes reducing back-office jobs.
- The UK lender is embracing AI as part of its strategy.
Standard Chartered, the UK lender with a focus on Asia, has announced a $1bn share buyback programme. This move comes as the bank is also embarking on a cost-cutting plan.
The cost-cutting measures include a reduction in back-office jobs, as the bank embraces artificial intelligence (AI) in its operations.