2025-12-31
12 分钟Good morning and a Happy New Year's Eve from The Financial Times.
Today is Wednesday, December 31st, and this is your FT News Briefing.
Artificial intelligence may be coming for Europe's banking industry,
plus our week of predictions rolls on today with a look at the spectacular fallout between Elon Musk and Donald Trump.
So what will 2026 hold?
masks, interests,
as the richest guy in the world who wants to become the first trillionaire to keep on side with Trump.
I'm Victoria Craig and here's the news you need to start your day.
In keeping with our week-long theme of predictions,
Morgan Stanley is out with new estimates that artificial intelligence could threaten more than 200,000 European banking jobs over the next five years.
Analysts say that will come as lenders embrace AI and look for new ways to cut costs and boost profitability.
The forecast says job losses are most likely to come from non-consumer-facing roles,
risk management and compliance positions.
The change is expected to hit especially hard for consumer-focused lenders and in countries like France and Germany where investors' worry expenses are high.
Despite pressure to find savings,
some leading European bankers have warned against rushing to integrate AI.
They argue that could help protect people from losing an understanding of the basics and fundamentals of the banking industry.
It was a political bromance that took Washington by storm this year.
That was tech billionaire Elon Musk and U.S.
President Donald Trump in a joint interview on Fox News back in February.