Lloyds Banking Group’s push to spend heavily on AI sparks job fears despite booming profits

LLOYDS Banking Group is sharpening the axe again, as booming profits give Britain’s biggest mortgage lender room to spend heavily on AI. The bank made £4.3billion before tax in the first half of 2026, up 23 per cent from a year earlier and comfortably ahead of the £4.1billion City analysts had expected. Higher income,

Lloyds Banking Group said it would deliver gross cost savings of around £2billion by deploying technology to automate processes and improve the productivity of its staff.