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Banks to Lose 200,000 Jobs Due to Automation Over Next Decade, Analyst Mayo Says

Oct.22 — Michael Mayo, Wells Fargo Securities senior bank analyst and head of U.S. large-cap bank research, discusses the outlook for financial technology’s impact on the banking industry with Bloomberg’s Taylor Riggs on “Bloomberg Technology.”

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Oct.22 — Michael Mayo, Wells Fargo Securities senior bank analyst and head of U.S. large-cap bank research, discusses the outlook for financial technology’s impact on the banking industry with Bloomberg’s Taylor Riggs on “Bloomberg Technology.”

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13 Comments

13 Comments

  1. LuciD AYS

    October 22, 2019 at 11:31 pm

    N

  2. raphael francis AMIGO

    October 22, 2019 at 11:32 pm

    banks will use ripple

  3. Swymco

    October 22, 2019 at 11:36 pm

    The hoody observation was pretty funny.

  4. PG Beats

    October 23, 2019 at 12:03 am

    Banks using xrp.

  5. Kev Ngu

    October 23, 2019 at 12:06 am

    #google andrew yang #yang2020

  6. allowedme

    October 23, 2019 at 1:58 am

    Yang2020.com has the perfect solutions.

  7. Christoher Gomez

    October 23, 2019 at 2:10 am

    #AndrewYang2020!!!

  8. m6m17

    October 23, 2019 at 3:17 am

    tech is losing in white collar job too?

  9. robert lee

    October 23, 2019 at 3:35 am

    So, Andrew Yang has been telling truth all these time?

  10. Fun Tube

    October 23, 2019 at 4:50 am

    20 plus online jobs available here with handsome sallery packages

  11. Paul Tremblay

    October 23, 2019 at 5:22 am

    When nobody work and can’t deposit, am guessing that robots will

  12. Joel Bondurant

    October 23, 2019 at 7:36 am

    Hooray!!! Great news!

  13. Abu Feras Abdullah

    October 23, 2019 at 12:54 pm

    Totally agree, it’s archeological Mick

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Bloomberg Technology

Jackson Hole, Anthropic’s Court Win and PayPal Deal Collapse | Bloomberg Tech 8/28/2026

Bloomberg’s Tim Stenovec zeroes in on Jackson Hole after Federal Reserve Chairman Kevin Warsh delivered his first address at the Symposium. Plus, a US judge rules that the Trump administration must lift its ban on Anthropic’s AI tech for federal agencies. And, a consortium of Advent and Stripe decided to abandon its pursuit of PayPal,…

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Bloomberg’s Tim Stenovec zeroes in on Jackson Hole after Federal Reserve Chairman Kevin Warsh delivered his first address at the Symposium. Plus, a US judge rules that the Trump administration must lift its ban on Anthropic’s AI tech for federal agencies. And, a consortium of Advent and Stripe decided to abandon its pursuit of PayPal, a deal that would have ranked as one of the biggest-ever leveraged buyouts.

00:00:00 – Bloomberg Tech Begins
00:02:30 – Mike McKee, Bloomberg News
00:05:25 – Max Gokhman, Franklin Templeton
00:11:13 – Ryan Gould, Bloomberg News
00:14:04 – Han Fengtao, Spirit AI
00:19:31 – Rachel Metz, Bloomberg News
00:24:41 – Mike McKee & Lisa Abramowicz, Bloomberg News
00:28:25 – Ryan Vlastelica, Bloomberg News
00:34:04 – Michael Shepard, Bloomberg News
00:37:18 – Andrew Bailey, Bank of England Governor
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“Bloomberg Technology” is our daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York.

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Bloomberg Technology

Anthropic Scores Legal Win Against Trump Administration

A US judge ordered the Trump administration to lift its ban on Anthropic’s AI technology for federal agencies, finding the restriction wasn’t adequately justified and was partly intended to make a public example of the company. Bloomberg’s Rachel Metz explains why the ruling doesn’t immediately end Anthropic’s legal fight. She also breaks down a separate…

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A US judge ordered the Trump administration to lift its ban on Anthropic’s AI technology for federal agencies, finding the restriction wasn’t adequately justified and was partly intended to make a public example of the company. Bloomberg’s Rachel Metz explains why the ruling doesn’t immediately end Anthropic’s legal fight. She also breaks down a separate warning from Anthropic, OpenAI, and other companies about the growing threat of AI-enabled cyberattacks with Tim Stenovec on “Bloomberg Tech.”
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Bloomberg Technology

AI Could Push Inflation Either Way, Says BOE’s Bailey

Bank of England Governor Andrew Bailey says AI could prove either inflationary or disinflationary depending on whether its impact on demand arrives before productivity gains on the supply side. Speaking at Jackson Hole, Bailey also discusses the UK inflation outlook, why he agrees with Federal Reserve Chairman Kevin Warsh on the limitations of forward guidance,…

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Bank of England Governor Andrew Bailey says AI could prove either inflationary or disinflationary depending on whether its impact on demand arrives before productivity gains on the supply side. Speaking at Jackson Hole, Bailey also discusses the UK inflation outlook, why he agrees with Federal Reserve Chairman Kevin Warsh on the limitations of forward guidance, and why the BOE will make its own rate decisions regardless of the Fed’s path. He joins Bloomberg’s Lisa Abramowicz on “Bloomberg Tech.”
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