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Will AI Replace Traders? BofA's Bernard Mensah Shares Insights
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July 10, 2025
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7:08Now PlayingBernard Mensah, President of International at Bank of America, joined Bloomberg Television’s Tom Mackenzie at the Bank of America Breakthrough Technology Dialogue in Goodwood, UK.
In their conversation, Mensah shared insights on the evolving role of artificial intelligence in the banking industry, including its potential impact on trading desks and more junior staff roles. He emphasized that while AI is transforming operations, its long-term effect on headcount, especially among traders, remains uncertain.
Mensah also addressed the economic implications of rising tariffs. He noted that some companies appear to be absorbing the increased costs, while others may have engaged in pre-stocking earlier in the year to mitigate the impact of the levies.
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