Commercial lenders shouldering heavier AI burden than central banks: ICBC president

South China Morning Post Tuesday 20 October 2026, 23:00 UTC By Daisy Wu 1 min read

Key Points

As artificial intelligence reshapes the finance industry, commercial bankers are facing a “more miserable” transition than their central banking counterparts, the head of the world’s largest lender by assets said. Industrial and Commercial Bank of China president Liu Jun said that while central bankers focused on oversight and policy, commercial lenders bore direct financial and legal liability when deploying AI at scale. “If [ICBC] deploys AI tools … towards different business lines, and all...

ICBC (ORG) Industrial and Commercial Bank of China (ORG) Liu Jun (PERSON)

Originally published by South China Morning Post Read original →

WASHINGTON — Liberal Justice Elena Kagan on Tuesday sharply criticized the Supreme Court’s conservative majority, saying it undermined democracy in a series of rulings, including several that have prompted a new wave of legislative map-drawing that has increasingly eliminated competitive districts. Kagan, who has dissented in those cases, also took aim at the majority for striking down campaign finance restrictions and, as she put it, the “evisceration” of the landmark 1965 Voting Rights Act...

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Commercial lenders shouldering heavier AI burden than central banks: ICBC president

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