Robots could replace as many as 10,000 jobs at Citi's investment bank

Robots could replace as many as 10,000 human jobs at the banking giant Citi within five years, its president told the Financial Times. "We've got 20,000 operational roles. Over the next five years could you make it 10,000?" Jamie Forese, the president of Citi and chief executive of the bank's institutional clients group, told the Financial Times in an interview . Forese said the most likely areas for automation were in technology and operations, which accounts for almost 40% of the headcount at Citi's investment-banking arm.