Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
The Guardian
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Lloyds Banking Group plans to cut £2bn in costs and invest £13bn by 2030, leveraging AI and new technology to enhance services, improve efficiency, and expand internationally. The strategy includes AI-powered advice for pensions, personalized offers, and faster mortgage approvals. CEO Charlie Nunn anticipates workforce changes through reskilling and new hires, while maintaining branch presence based on customer data.
