Wall Street hopes artificial intelligence software helps it hire loyal bankers

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York April 12, 2016. Clinching a job on Wall Street soon may have as much to do with beating an algorithm as nailing the interview. Goldman Sachs Group Inc, Morgan Stanley, Citigroup Inc and UBS Group AG are exploring the use of artificial intelligence software to judge applicants on traits - such as teamwork, curiosity and grit - that help in the workplace but don't always show up on a resume or come through in an interview. Banks are turning to the hiring software at a time when they are under pressure to cut costs and finding it difficult to lure and retain top talent. Bank executives hope that artificial intelligence will help them avoid the expense of problem hires and turnover, industry sources said.