Standard Chartered CEO walks back comment about 'lower-value human capital'

Standard Chartered STAN 2.58%increase; green up pointing triangle Chief Executive Bill Winters touched a nerve when he said his bank would slash thousands of jobs and replace “lower-value human capital” with artificial intelligence. He walked back the comments on Wednesday in a memo to bank employees, who turned out to be valuable enough that he needed to assuage their feelings. “Many of you will ...