Latest news with #JohnO'Connell
RTÉ News
2 days ago
- Business
- RTÉ News
Widespread concerns among bank staff over AI
There is widespread concern among staff in the financial services sector over the possible effects of artificial intelligence (AI), according to a new survey. The research was conducted by the Financial Services Union (FSU) and the think tank TASC. It shows that job displacement, lack of reskilling opportunities and bias in decision-making are among the top concerns for workers. The report examined both the opportunities and challenges posed by AI and found that 88% of respondents believe AI will lead to job displacement, while 60% report feeling less secure in their roles than they did five years ago. Over 61% of respondents expressed unease about AI being used in hiring, firing, and promotion decisions. More than half of workers said they are concerned about increased managerial oversight and surveillance through AI systems, fearing a loss of privacy and greater performance monitoring. Despite these concerns, some workers recognised AI's positive impacts. Around 45% of respondents said they feel AI may lead to less time spent on administrative tasks and 30% feel it may improve data analytics. "The use of artificial intelligence is expanding at an alarming rate across the financial services sector, and it is incumbent on all key stakeholders to ensure AI is used for the benefit of workers and consumers," said FSU General Secretary John O'Connell. "The FSU has successfully concluded an AI agreement with Bank of Ireland which commits the bank to collectively bargain any changes that may occur due to the expansion of AI," Mr O'Connell added. Molly Newell, researcher at TASC, said that without clear commitments to equity, inclusion, and transparency, the widespread adoption of AI in financial services risks deepening existing inequalities. "We must ensure this technology serves the common good - strengthening, rather than undermining, social and economic cohesion," Ms Newell said. The Financial Services Union surveyed 604 employees, 602 of whom were FSU members. On Monday, the Chief Executive of AIB Colin Hunt took part in a panel discussion at a Bloomberg event in Dublin. Asked what impact AI will have on staffing numbers at the bank over the next five years, Mr Hunt said it may lead to a small reduction in net headcount. "I do think that there are certain manual processes that we do now that will be done by AI in the future, and probably net headcount will be broadly stable with a slight downward bias maybe," Mr Hunt said.
Yahoo
4 days ago
- Business
- Yahoo
Northern Trust Corporation to Webcast Second Quarter 2025 Earnings Conference Call
CHICAGO, June 24, 2025--(BUSINESS WIRE)--Northern Trust Corporation announced today that it will webcast its second quarter earnings conference call live on Wednesday, July 23, 2025. The webcast, the earnings press release, and related presentation materials will be accessible on Northern Trust's website. The call will be conducted at 8:00 a.m. (CT), following the release that morning of Northern Trust's second quarter 2025 earnings press release. A replay of the webcast will be available for approximately four weeks after the date of the call. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at View source version on Contacts Investor Contact: Jennifer Childe(312) Media Contact:John O'Connell(312) Sign in to access your portfolio
Agriland
17-06-2025
- Business
- Agriland
Food innovation summit set to take place in Dublin
Enterprise Ireland is hosting the Food Innovation summit at Croke Park, Dublin, tomorrow, Wednesday, June 18. The summit is titled 'Feeding Innovation: Collaboration, Disruption and Growth,' and aims to raise awareness among food companies of the importance of investing in research, development, and innovation to achieve sustainable and profitable export growth. Attendees will have the opportunity to hear from Irish companies, start-ups, international speakers, panel discussions, and to network with experts in food innovation. The Minister for Enterprise, Tourism and Employment, Peter Burke will provide an opening address, followed by a number of panels discussing topical issues in the food industry. Speakers on the panels include: John O'Connell, West Cork Distillers. Elaine Bourke, Kepak. Professor Carel Le Roux, St Vincent's Hospital. Tom Keogh, Keogh's Crisps. Michelle Vance, Lily O'Briens. Ailish Martin, Sainsbury's. Tom Kearney, Spice O'Life. Emma Cahill, Glenhaven Foods. The summit will run from 9:15a.m until 4:00p.m. Registration opens at 8:15a.m at Croke Park. Food Separately, the price of a pound of butter at the checkout rose on average last month by €1.03, according to new figures released by the Central Statistics Office (CSO) last week (June 12). Shoppers also paid more for Irish cheddar which increased by 57 cent per kg while two litres of full fat milk also jumped by 27 cent in May. Overall consumer prices in Ireland rose by 1.7% between May 2024 and May 2025 latest figures show. According to the CSO the biggest price increases recorded over the 12 months to May 2025 were in relation to food and non-alcoholic beverages – which rose by 4.0% while alcoholic beverages and tobacco also increased by 3.1%. The Consumer Price Index is designed to measure the change in the average level of prices – inclusive of all indirect taxes – paid for consumer goods and services in Ireland. According to the CSO, while there was an increase in the price of an 800g loaf of white or brown sliced pan – which rose by 5 cent, there was a fall in the price of a 2.5kg bag of potatoes – which dropped by 25 cent last month when compared with similar prices for May 2024.
Hindustan Times
17-06-2025
- Entertainment
- Hindustan Times
Dublinwale: A tale of two readers
This is the story of two Dubliners. One is a professor, the other is an engineer. One is a former New Yorker, the other is an Irish native. Both share a passion for the same novel. James Joyce's Ulysses is contained into a single day, 16 June, and that date is celebrated worldwide as Bloomsday, named after the novel's hero—Mr. Bloom. To celebrate the city novel, this reporter is in Dublin for Bloomsday 2025, and the Delhiwale column briefly becomes Dublinwale. Sam Slote is among the world's most renowned Joyceans. He is a Professor in the School of English at Trinity College Dublin. His book Annotations to James Joyce's Ulysses is the most authoritative guide to understand the notoriously difficult novel. The wall-sized book rack in his office is crammed with the different translations of Ulysses, including Dutch, German, Japanese, Chinese, Korean, Persian, Arabic, and Malayalam. John O'Connell is an electrical engineer working in Telecom, but also conducts walking tours to Joyce's Dublin. A volunteer at the James Joyce Tower and Museum, he often dresses up as Mr Bloom, complete with a hat and a fake moustache. He believes that Ulysses is Dublin's very own Sistine Chapel. This afternoon, Sam Slote is sitting in his office, working on his annotated book's next edition. More particularly, he is busy with some specific question of punctuation in episode 17. His tone is gracious and delves deeply—yet effortlessly—into the intricacies of the novel. This sort of precision and care for detail is essential to a scholar of Ulysses, where everything is likely to carry narrative and symbolic weight. This afternoon, John O'Connell is crossing the Grattan Bridge over the Liffey, leading a walking tour. In the Dublin rain, he's excitedly pointing at a building in front of which a minor character makes a fleeting appearance. This sort of precision and care for detail is essential to a guide of Ulysses, where every street corner possibly has a role to play. Sam Slote says that he read Joyce's final novel, Finnegans Wake, before the Ulysses. This is surprising because the world is full of Joyce fanatics who adore Ulysses and have read it many times, but just couldn't climb the heights of Finnegans, considered a super-difficult book. John O'Connell says that when he first read Ulysses, 'I didn't really get it then, but I knew there was a genius driving the bus.' On finishing the dreaded Finnegans Wake, he announced his accomplishment in an office meeting. The colleagues, he recalls, looked bemused. For his everyday use, Sam Slote carries a 1986 Gabler hardbound edition of Ulysses, published by Bodley Head, bearing a grey cover. For his everyday use, John O'Connell carries a 2000 hardbound reprinting of the 1986 Gabler edition of Ulysses, published by Bodley Head, bearing a green cover.
The Irish Sun
07-06-2025
- The Irish Sun
Fury as it costs more to cage a teenage killer than put them up in a ‘superior twin' room at The Ritz
IT COSTS more to cage a teenage killer than put them up at The Ritz, shock figures reveal. Taxpayers foot an annual bill of £336,000 — £921 per night — to keep a young lag at a Secure Training Centre. 2 Places at Oakhill Secure Training Centre, near Milton Keynes, Bucks, are the most expensive in the prison estate Credit: PA:Press Association A room at London's Ritz can cost £775 a night, or £900 for a 'superior twin' room. John O'Connell, chief executive of the TaxPayers' Alliance, said: 'Taxpayers will find these figures difficult to believe. 'Keeping dangerous child prisoners locked up is inevitably going to be expensive, but the current cost cited is so high that inefficiencies must be present. 'At the very least, the Prison Service needs to be transparent as to why costs are so high.' READ MORE ON PRISONS Places at Oakhill Secure Training Centre, near Milton Keynes, Bucks, are the most expensive in the prison estate — costing seven times the £122 per night for some adult jails. Those there are believed to include two 13-year-old machete murderers of Shawn Seesahai, 19 — attacked in Wolverhampton in 2023. It is run by private firm G4S, holds up to 80 children and is currently the country's only operational STC. Ministry of Justice figures also show a place at a Secure Children's Home works out at £887 a night Most read in The Sun Young Offender Institutions come in at £329. A spokesman said: 'Children in custody are largely there for serious offences and have needs requiring more support.' Woman left 'boiling' with rage after paying £125 to visit her man behind bars but trolls say it's 'prison not Butlins' 2 A room at London's Ritz can cost £775 a night, or £900 for a 'superior twin' room Credit: Peter Jordan - The Sun
