Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job losses Business live – latest updates Lloyds Banking Group will cut another £2bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth. Charlie Nunn said the strategy, which the UK’s largest high street lender will launch in January, would involve investing £13bn into the business by 2030, including for “pioneering technology” to lu
Record details
Published: 30 July 2026
Source: The Guardian
Category: News
Topics: Jobs & economy · Finance, VC & PE
Retrieved: 31 July 2026
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ethics.ai (30 July 2026), “Lloyds Bank to cut £2bn in costs as part of AI-powered strategy,” evidence record 14913, https://ethics.ai/record/14913 (originally published by The Guardian).
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