{"id":24186,"date":"2026-07-31T00:37:33","date_gmt":"2026-07-30T22:37:33","guid":{"rendered":"https:\/\/costops.com\/index.php\/2026\/07\/31\/lloyds-bank-to-cut-2bn-in-costs-as-part-of-ai-powered-strategy\/"},"modified":"2026-07-31T00:37:33","modified_gmt":"2026-07-30T22:37:33","slug":"lloyds-bank-to-cut-2bn-in-costs-as-part-of-ai-powered-strategy","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2026\/07\/31\/lloyds-bank-to-cut-2bn-in-costs-as-part-of-ai-powered-strategy\/","title":{"rendered":"Lloyds Bank to cut \u00a32bn in costs as part of AI-powered strategy"},"content":{"rendered":"<p>Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job losses<\/p>\n<ul>\n<li>\n<p><a href=\"https:\/\/www.theguardian.com\/business\/live\/2026\/jul\/30\/ftse-100-record-federal-reserve-hold-kevin-warsh-iran-attacks-donald-trump-rolls-royce-shell-lloyds-bank-of-england-interest-rates-business-live-latest-updates\">Business live \u2013 latest updates<br \/><\/a><\/p>\n<\/li>\n<\/ul>\n<p>Lloyds Banking Group will cut another \u00a32bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.<\/p>\n<p>Charlie Nunn said the strategy, which the UK\u2019s largest high street lender will launch in January, would involve investing \u00a313bn into the business by 2030, including for \u201cpioneering technology\u201d to lure new business, improve efficiency and increase payouts for shareholders.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2026\/jul\/30\/lloyds-bank-cut-2bn-costs-part-ai-powered-strategy\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/365ecb10aa9b786ad6849a1f497dcc1f1a3eaf38\/73_0_4434_3548\/master\/4434.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=d0616c725a804e741dc1061c68379e2b\" title=\"Lloyds Bank to cut \u00a32bn 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<br \/>\nBusiness live \u2013 latest updates<br \/>\nLloyds Banking Group will cut another \u00a32bn of costs as part of a four-year plan under which its chief executive will use new tech and AI to drive growth.<br \/>\nCharlie Nunn said the strategy, which the UK\u2019s largest high street lender will launch in January, would involve investing \u00a313bn into the business by 2030, including for \u201cpioneering technology\u201d to lure new business, improve efficiency and increase payouts for shareholders. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job losses Business live \u2013 latest updates Lloyds Banking Group will cut another \u00a32bn 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 &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2026\/07\/31\/lloyds-bank-to-cut-2bn-in-costs-as-part-of-ai-powered-strategy\/\"> <span class=\"screen-reader-text\">Lloyds Bank to cut \u00a32bn in costs as part of AI-powered strategy<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":24187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/24186"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=24186"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/24186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/24187"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=24186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=24186"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=24186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}