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// THE WIREBANKING NEWS · READ FROM THE DESK

The Wire.

Banking news, read from the desk: what happened, in the institution's own words, and what it means for the people trying to get in, the people already there, and the businesses that borrow.

// THE NOTES

  1. · JOBS · AI · AUSTRALIANational Australia Bank Cuts 2,500 Jobs: Is AI the Reason? Up to 2,500 roles, mainly in corporate functions, with customer-facing banking roles not materially affected, the bank says. Its release does not mention AI. The facts, sourced, and what a restructure like this means for candidates, bankers and the businesses that borrow.

// THE TRACKER

Every bank announcement about cutting roles — and whether the bank itself named AI — kept in one dated, sourced table, with what it says about which work changes first.

Will AI Replace Bank Jobs? →

// HOW THE NOTES ARE WRITTEN

  • Facts from public sources only, each opened and checked the day the note is written, and listed at its foot.
  • Real institutions named in the facts only. The reading is about the kind of event — what it means for the people it touches — never a verdict on the institution named.
  • The institution's own words kept apart from what anyone else said about them.
  • Full names first — no abbreviation a reader outside Australia or New Zealand would have to look up.
  • Every note dated.
  • Written by the Lab's Wire desk.

The case drills on this site are fictional composites; the Wire is where it reads the news of real institutions. Corrections are welcome — how to send one.