Lloyds Bank to cut £2bn in costs as part of AI-powered strategy

Guardian World•Thu, Jul 30, 2026, 10:22 AM•2 min read

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 gro...

Source: [Guardian World](https://www.theguardian.com/business/2026/jul/30/lloyds-bank-cut-2bn-costs-part-ai-powered-strategy)

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