Novara Media | Bank CEO Calls Workers ‘Lower-Value Human Capital’ and Plans to Replace Them With AI by Tom Midlane AI generated summary, Read the full article for complete information. The CEO of Standard Chartered, Bill Winters, sparked a shareholder and public backlash after describing staff he intends to replace with artificial intelligence as “lower‑value human capital,” announcing plans to cut nearly 8,000 jobs – about 15 % of back‑office positions – as the bank ramps up AI and automation to boost profitability; the remarks were condemned by Singapore’s president and widely criticized on social media as dehumanising, while Winters later claimed his comments were taken out of context, noting his own £12.7 million pay last year and emphasizing that the changes reflect evolving work rather than the worth of employees. Read more: https://novaramedia.com/2026/05/21/bank-ceo-calls-workers-lower-value-human-capital-and-plans-to-replace-them-with-ai/ #BillWinters #StandardChartered #HalimahYacob #London #AI #MarieAntoinette