Finextra: CIBC to hire 200 data and AI specialists
Canadian bank CIBC is set to hire more than 200 data and artificial intelligence roles over the next 12 months.
Finextra: ECB cyber security test reveals ‘room for improvement’
The European Central Bank says there is “room for improvement” after conducting its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.
Finextra: AI spending races ahead among European banks
European banking leaders are poised to increase spending on AI faster than on cybersecurity.
City AM: Natwest shares rise after strong results and deal for part of Metro Bank’s mortgage book
Metro Bank (UK) continues to consolidate by selling part of their mortgage book.
CIO Dive: Citi leans on tech modernization to fix data quality management failings
Citi leans on tech modernization to fix data quality management failings.
CityAM: UK bank staff numbers see biggest jump in a decade as sector outperforms Europe
The number of staff employed by UK banks saw its biggest increase in a decade last year, new data shows, as headcount returned to pre-pandemic levels and lenders enjoyed record profits.
Forbes: AI Could Displace More Than 50% Of Banking Jobs, According To New Citigroup Report
AI could displace more than 50% of banking jobs.
efinancialcareers: Starling Bank hired 900+ staff and bumped up pay in a very profitable year
Starling Bank hired 900+ staff and bumped up pay in a very profitable year.
efinancialcareers: The highest paying jobs in banking and financial services
Sales and Trading not surprisingly are the highest paid areas with hedge funds top of the list.
Goodreads: Confessions of a Wall Street Insider
Another good book showing the amount of insider trading that went on (and still does?)