Original Content
Bank of America CEO Brian Moynihan expects his bank’s workforce to shrink as the lender leans into AI. Citi CEO Jane Fraser, meanwhile, said the “bar is raised” for working at the bank.
BofA joins Citi, Wells in projecting headcount cuts this year
AI Summary
Bank of America expects workforce reductions due to increased AI integration. Citigroup CEO raises the bar for employment at the bank, possibly indicating stricter hiring standards.
Texas Relevance
The article does not mention Texas, TCUD, or any Texas-specific entities and focuses on national banking trends.