Japan's three biggest banks are expected to cut 33,000 jobs as they turn to AI and automation to streamline operations and cut costs, reports Finextra. Mizuho Bank reportedly plans to slash 19,000 jobs (a third of its global workforce) over the next decade, Bank of Tokyo-Mitsubishi UFJ intends to automate 9,500 clerical jobs, and Sumitomo Mitsui plans to use robots to perform internal admin. The world's largest exchange operator, CME Group, is finalising plans to offer futures on bitcoin by the end of the year, reports the FT. CME chief executive Terry Duffy told the paper that a lack of futures contracts had made it difficult to hedge exposure to the crypto-currency's "wild fluctuations". The price of bitcoin has risen by 570 per cent this year. The new CME contract would  be cash-settled and based on a CME bitcoin reference rate - a once a day index based on prices at the Bitmap, GDAX, itBit and Kraken bitcoin exchanges.