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Singapore’s biggest bank plans to cut 4,000 jobs as it expects artificial intelligence to take on more work currently done by human employees. The chief executive of the Development Bank of ...

“Over the next three years, we envisage that AI could reduce the need to renew about 4,000 temporary/contract staff across our 19 markets working on specific projects,” a spokesperson from the ...

global markets operations United Overseas Bank Ltd. sold its retail banking business in mainland China to a unit of Taipei-based Fubon Financial Holding Co., as part of a strategy to focus on ...

over the next few years” as temporary and contract workers are not rehired Permanent staff will not lose their roles 1,000 new jobs are expected to be created Singapore’s largest bank ...

SINGAPORE, Feb 26 (Reuters ... On February 19, smaller rival United Overseas Bank (UOBH.SI), opens new tab posted a 9% rise in fourth-quarter net profit and announced a S$3 billion package ...

Singapore's biggest bank, DBS, says it expects to cut about 4,000 roles over the next three years as artificial intelligence (AI) takes on more work currently done by humans. The move will affect ...

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