Business & EnterpriseDev4 min reading time

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

The Next Web
Read full post
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.

More on this story


More in Business & Enterprise

Apple’s first foldable is the iPhone Duo, and it costs $1,999

Covered by 6 sources

Universal Music is launching an AI music platform with ElevenLabs

Covered by 4 sources

Clay raises $115m at a $7.1bn valuation, more than double its 2025 price

The Next Web