Business & EnterpriseDev4 min reading time

Lloyds Bank bets on AI to cut £2bn in costs by 2030 as profits jump

The Next Web
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Lloyds Banking Group aims to cut £2bn in costs by 2030 through AI-driven automation, targeting a cost-to-income ratio below 45%. The bank plans to enhance customer services and improve employee efficiency, while facing potential job impacts amid ongoing branch closures and previous layoffs.

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