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Morgan Stanley CEO says major threat to banks are ‘stupidity of own management,’ AI

Por: New York Post Business December 22, 2023

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Outgoing Morgan Stanley CEO James Gorman ripped banks’ “stupidity of their own management” as one of the top threats facing Wall Street — right alongside artificial intelligence. When reflecting on his nearly 14-year tenure at Morgan Stanley , Gorman — who — said that the banking system has become much safer, though the industry is still facing operational risks including its own top staffers. This year, there were — Silicon Valley... + full article



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