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StanChart CEO apologises for 'upset caused' by AI comments

Posted on May 22, 2026
By Business News Today
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1 min read

StanChart CEO apologises for 'upset caused' by AI comments

Standard Chartered CEO Bill Winters has apologized for comments about artificial intelligence replacing workers. He stated that the bank is investing in AI technology. This move is expected to lead to job cuts. Winters clarified his remarks, emphasizing the bank's commitment to its employees. Regulators in Hong Kong and Singapore are seeking more information.