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Bloomberg Markets

AI to Replace ‘Lower-Value Human Capital’: StanChart CEO | The Opening Trade 5/19/2026

AI to Replace ‘Lower-Value Human Capital’: StanChart CEO | The Opening Trade 5/19/2026
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Standard Chartered Chief Executive Officer Bill Winters delivered a blunt message on the future of the bank’s workforce, warning that a push into artificial intelligence will eliminate thousands of roles as the lender replaces “lower-value human capital” with technology. US stock futures held steady after a two-day pullback while oil fell modestly as traders awaited signs of progress toward a pea

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