Standard Chartered to End Equities Business, Cut Jobs

The video discusses a bank's decision to cut over 200 jobs and aims for further cost reductions. It highlights the Federal Reserve's outlook on economic growth and inflation concerns, with an interest rate hike unlikely before April. Additionally, it covers the Sony Pictures hack traced to North Korea, emphasizing cybersecurity challenges.

What was the primary reason for the bank's decision to cut over 2000 jobs?

• To invest in new technology

• To expand its operations

• To save $400 million

• To increase its workforce

Which financial operations were mentioned to be ending?

• Cash, equities, and equity research

• Retail banking and loans

• Real estate and insurance

• Cryptocurrency and blockchain

What concern did some members of the Federal Reserve's committee have?

• Decreasing GDP

• High unemployment rates

• Inflation below 2%

• Rising interest rates

Who confirmed that an interest rate increase was unlikely before April?

• Janet Yellen

• James Clapper

• James Comedy

• Ben Bernanke

What mistake did the hackers make that allowed the FBI to trace them?

• Using public Wi-Fi

• Forgetting to encrypt their data

• Leaving digital footprints

• Using known North Korean IP addresses