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The Latest Breaking News from Charlie Nunn

Lloyds boss warns bankers must ‘reskill themselves’ to survive AI boom

Charlie Nunn says banks will be hiring staff with different skill sets as customer experience will ‘radically change’

The Guardian - UK

Lloyds CEO Charlie Nunn latest banking boss in line for huge bonus hike

Barclays, HSBC and NatWest shareholders already approved big pay rises after post Brexit loosening of remuneration rules

The Guardian - UK

Lloyds earnings slide by 36% after motor finance hit

The bank reported a pre-tax profit of £1.2 billion between July and September.

Evening Standard

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FTSE 100 Live 23 October: Index near record, results boost for Rentokil and LSEG

Lloyds Banking Group and Unilever are among the companies in the spotlight amid a busy session for FTSE 100 updates.

Evening Standard

Lloyds to put chief executive and all top bosses through six-month AI course

Around 300 senior managers across the banking group are expected to take part in the bespoke programme.

Evening Standard

Barclays boss urges UK ministers to limit public sector pay rises

TUC says CS Venkatakrishnan has ‘brass neck’ calling for curbs when his pay packet has doubled to £10.5m

The Guardian - UK

Voices: Does firing your worst employees ever make business sense?

COMMENT : As Lloyds plans to cut its bottom 5 per cent of staff, James Moore asks if threatening thousands of ‘underperformers’ with the sack can have an energising effect on the workforce

The Independent UK

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Lloyds to warn 3,000 staff they face sack for ‘underperformance’

With economic uncertainty leading fewer people to leave, bank will put one in 20 on ‘performance plans’

The Guardian - UK

Lloyds boss warns Reeves against raising bank taxes amid growth mission

Charlie Nunn said such increases would not be ‘consistent’ with the Government’s plans.

Evening Standard

Lloyds boss warns Reeves against hiking taxes on banks as profits rise 17%

Charlie Nunn says higher taxation would be inconsistent with chancellor’s drive for growth

The Guardian - UK

Reeves unveils City strategy aimed at cutting red tape and fuelling UK growth

‘Leeds Reforms’ include streamlined accountability for senior bankers and a campaign to get more consumers investing in stock market

The Guardian - UK

Lloyds chief slams detail in Labour’s pension plan

IN FULL

The Independent UK

Labour’s pension plans remind me of communist China, says Lloyds chief

Proposed £25bn megafunds will seek to create more long-term wealth for people

The Independent UK

Prince of Wales wants project to end homelessness ‘to move to the mainstream’

The prince visited an 11-bed housing scheme in Poole for people with mental health issues.

Evening Standard

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Evening Standard

Lloyds boss gets nearly £2m pay rise amid profit slump and branch closures

Chief executive Charlie Nunn took home £5.6 million last year, boosted by long-term bonus payments tied to Lloyds’s shares.

The Guardian - UK

Lloyds puts aside a further £700m for compensation over car finance scandal

Profits hit as total held back for payouts rises to almost £1.2bn amid uncertainty over final financial impact

The Guardian - UK

Lloyds Banking Group to shut another 136 UK high street branches

Lloyds, Halifax and Bank of Scotland branches to close as group accelerates shift to digital and mobile banking

The Independent UK

Trump tariffs could be ‘opportunity’ for UK, Lloyds boss says

Charlie Nunn, who runs Lloyds Bank, the largest mortgage lender in the UK, said that he was optimistic about growth for the UK economy but it must come quickly.

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The Independent UK

Lloyds chief says UK has chance to ‘stand out’ globally amid Trump presidency

Charlie Nunn said there was ‘real concern about growth in Europe’.

The Guardian - UK

‘Animal spirits alive’ as Wall Street bankers anticipate Trump boom

US president is expected to slash financial controls and prompt wave of dealmaking

The Guardian - UK

Lloyds to let customers use Halifax and BoS branches, raising job cut fears

Account holders at the group’s three brands will be able to use any of their locations, but unions fear site closures

The Guardian - UK

P&O Ferries not rogue, says business secretary after cabinet rift

Jonathan Reynolds continues damage limitation effort after colleague Louise Haigh called firm a ‘rogue operator’

The Guardian - UK

Lloyds predicts drop in defaults on loans and mortgages as UK economy improves

Bank sets aside just £44m for bad debts and defaults in second quarter amid upbeat outlook

The Guardian - UK

Disused Lloyds office sites to be converted into social housing

Exclusive: Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’ than last government’s

The Guardian - UK

Lloyds sets aside £450m for car loan fines and payouts

Bank’s profits rise 57% but it says there is ‘significant uncertainty’ over liability amid FCA investigation

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