Nomura

AI to Disrupt Banking? Nomura Initiates Coverage on 3 NBFC Stocks That Could Outperform Banks for the Next 15 Years

The financial services industry is on the cusp of a major transformation, with artificial intelligence (AI) expected to disrupt traditional banking models. In this context, Nomura has initiated coverage on three leading Non-Banking Financial Companies (NBFCs), projecting that they could outperform banks over the next 15 years. The brokerage firm highlights that NBFCs, with their…

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JPMorgan

‘Stop Sticking Your Heads in the Sand’: JPMorgan CEO Jamie Dimon Warns AI Will Eliminate Jobs

JPMorgan Chase CEO Jamie Dimon has issued a stark warning about the disruptive potential of artificial intelligence (AI), urging businesses, policymakers, and workers to prepare for a future where millions of jobs could be eliminated. Dimon’s remarks, delivered in a candid tone, emphasized that ignoring the transformative impact of AI would be akin to “sticking…

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