These jobs may go missing from banks in the next few years

These jobs may go missing from banks in the next few years

Remember the good old bank clerk who used to update your pass book? The fact that he is hardly seen these days explains banking industry’s biggest predicament — Automation. On Wednesday, Vikram Pandit, who ran Citigroup during the financial crisis, endorsed this predicament with a disturbing figure. Pandit said developments in technology could see some 30 per cent of…

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Britain considers tough curbs on EU migration

Britain considers tough curbs on EU migration

LONDON: Britain is considering measures to restrict immigration for all but the highest-skilled EU workers, a leaked government document said, plans some companies called alarming and an opposition lawmaker described as “plainly cruel”. Prime Minister Theresa May told parliament that while immigration had been good for the economy, last year’s vote to leave the European Union…

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