AIThe Next Webabout 2 hours ago
Lloyds bets AI cuts £2bn costs by 2030
1 min read
Lloyds Banking Group unveiled "Accelerate 2030," targeting £2bn in AI-driven cost savings and a cost-to-income ratio below 45% by 2030. Pre-tax profit rose 23%. CEO Charlie Nunn said AI will require reskilling and new hires, while the bank cuts 1,600 roles and closes 232 branches in 2026.
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