Banking giant HSBC Is Plotting To Replace 20,000 Employees With AI To Major Overhaul To Avoid A Banking Apocalypse Fears of an AI-driven jobs cull on Wall Street are intensifying. Why? Word has gotten out that HSBC is plotting to replace 20,000 workers. HSBC is plotting to replace around 10% of its global workforce. This is
HSBC Is Plotting To Replace 20,000 Employees With AI Read Post »
American Banks Have Slashed Another 78 Branches In The Past 30 Days. American Consumers Worry If Their Money Is Safe. Leading American Banks have slashed another 78 Branches from their books in the past 6 weeks. Now consumers who bank with Wells Fargo, JPMorgan Chase and BofA are concerned. They worry about the financial stability
GOP Says 13 Banks Spied On MAGA Supporters And Alleged January 6th Insurrectionists For Feds Republicans in Congress allege 13 banks spied on MAGA supporters for the US government. They claim the government focused on January 6 insurrectionists looking for ‘extremism’ indicators. The House Select Subcommittee on the Weaponization of the Federal Government. Yes, that’s
Banks Spied On MAGA Supporters For Feds Says GOP Read Post »
CFPB Has Spanked BofA With A $12 Million Penalty For Violating HMDA And Regulation C The CFPB has spanked BofA with another fine. Bank of America signed a consent agreement say the bank violated the Home Mortgage Disclosure Act. HMDA mandates mortgage lenders report specific information about loan applications and originations to federal regulators. The
Bank Branch Bloodbath Continues As Wells Fargo Closes 15 Branches And BofA Closes Seven In A Week The bank branch bloodbath continues as Wells Fargo And BofA filed to close 24 branches last week. US banks are in an ongoing scramble to eliminate costly brick and mortar banking locations. Wells Fargo plans to close 15
