According to a 108-page report by Citigroup, banks in the US and Europe will cut another 1.7m jobs over the next decade. The reason - tech savviness? Is the higher level efficiency that new tech has brought to banks the cause, or is it because fintech startups focused on alternative lending and payments have taken a chunk of the banks' business? Seems unlikely that it is the latter, as p2p lenders currently account for only 1% of global loans. The positive side of such an employment shift is that we may see these ex-wall street employees build the next fintech startup themselves.