AI is reshaping banking—but not causing a jobs wipeout
Good morning. An AI-fueled takeover of finance jobs doesn’t appear imminent, experts say.
My Fortune colleague Emma Burleigh takes a deep dive into this topic in her new report, “Is AI really killing finance and banking jobs? Experts say Wall Street’s layoffs may be more hype than takeover—for now.” For example, despite Wall Street’s headline-grabbing layoffs this year, overall headcount across banking and finance has remained relatively stable.
“I think the general [headcount]...