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Tom Saunders

Verified
England
As seen in: The Telegraph, MSN, MSN UK, Financial Times, The Daily Mirror, Yahoo Canada, Yahoo News UK, ABC News (Australia), Aol, Yahoo Finance, Yahoo Finance Canada and
Financial Correspondent at The Telegraph. One of MHP's "30 To Watch" young journalists. @tomjss.bsky.social on the other place.

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Business Reporter at The Times. One of MHP's "30 To Watch" young journalists.

Articles

Don't let AI manage your money, warns JP Morgan boss

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By Tom Saunders Verified
| MSN Verified
Savers are exposing themselves to major financial risks by allowing AI bots to manage their money, the boss of JP Morgan has warned. Jamie Dimon, the Wall Street chief executive, said the growing use of autonomous agents to help people with their finances was a problem if the bots got things wrong. Mr Dimon said customers could end up being liable for mistakes made by any agent acting on their behalf. “If people are using them, they should understand the risk,” he said.
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Don't let AI manage your money, warns JP Morgan boss

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By Tom Saunders Verified
| MSN UK Verified
Savers are exposing themselves to major financial risks by allowing AI bots to manage their money, the boss of JP Morgan has warned. Jamie Dimon, the Wall Street chief executive, said the growing use of autonomous agents to help people with their finances was a problem if the bots got things wrong. Mr Dimon said customers could end up being liable for mistakes made by any agent acting on their behalf. “If people are using them, they should understand the risk,” he said.
Open in Who Shared View Duplicates (6) Issue with article?

HSBC embraces bigger bonuses as bankers pushed to take more risks Original

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By Tom Saunders Verified
| Yahoo Finance UK
HSBC is increasing bonuses for its bankers to revive a more swashbuckling culture in the City of London. It is the latest lender to tie pay more closely to performance after the Bank of England removed a bonus cap, a move expected to encourage bankers to take on more risk. "We are updating our approach to remuneration to support a high-performance culture focused on delivering the best outcomes for our customers and all our stakeholders," an HSBC boss told staff in an internal memo.
Open in Who Shared View Duplicates (7) Issue with article?
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