The banking group Close Brothers is to cut about 600 jobs and roll out the use of AI “at pace” after posting further losses in the face of a mounting compensation bill for the motor finance scandal. The specialist lender said the cuts – nearly a quarter of its 2,600-strong workforce – would be made over the next 18 months across its teams in the UK and Ireland. It aims to reduce costs by about £25m in its current financial year to the end of September, up from a previous target of £20m, and by around another £60m in the
Israel claims strike killed Iran security chief Ali Larijani; Tehran silent
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