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Lloyds Bank to reduce costs by $1.5B in 2024

Bank hired more than 2,500 tech, data workers in 2023

Whitney McDonaldbyWhitney McDonald
February 22, 2024
in Banking
Reading Time: 4 mins read
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Lloyds Bank is modernizing its technology and expects to save 1.2 billion pounds ($1.5 billion) through the efforts in 2024.   The London-based bank’s focus on technology aims “to increase the pace and efficiency of change,” Chief Executive Charlie Nunn said today during the bank’s fourth-quarter earnings call.   According to the earnings presentation, the […]

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Tags: earningsEuropean bankingLloyds Banking GroupPremium
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