European banking sector set to cut 200,000 jobs amid AI takeover
- 02-Jan-2026
The European banking sector is facing a significant overhaul as lenders increasingly adopt AI technology and close physical branches. A recent Morgan Stanley analysis, cited by the Financial Times, suggests this efficiency drive could lead to the loss of over 200,000 jobs—approximately 10% of the workforce across 35 major banks—by 2030. Europe’s banking industry is […]