As part of its ongoing efforts to combine Discover Financial Services and Capital One Financial Corp., which it acquired for $35.3 billion last year, the banking firm intends to let off over 1,100 employees. This is the second big round of layoffs since Capital One finished its acquisition
As part of its merger with Credit Suisse, UBS intends to lose a comparable number of positions in Switzerland. However, it also intends to hire as many as 3,000 people in India. On 11 February, the Swiss lender announced plans to increase its presence in Hyderabad by adding 2,
The marketing department of Barclays is getting ready to relocate from London to India. As the bank seeks to reduce expenses and increase its utilisation of artificial intelligence, this change could threaten the employment of as many as fifty people. The in-house advertising business of the British lender will be
Citizens and Infosys, a consulting and digital services firm for the future, have just announced their partnership. The Citizens Bank is among the most ancient and massive American financial organisations. With the help of Infosys, the bank's AI-first Innovation Hub will be launched in Bengaluru, India. Accelerating AI-driven
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), has counselled banks to set up strong and proactive procedures to stop the nation's growing number of digital frauds. In order to reduce the risks associated with information technology (IT) and cybersecurity, the governor of the RBI also