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NatWest cuts 1,000 jobs after AI efficiency drive, posts record profits

NatWest achieves £420m cost savings through AI investment

1 Oct 30 · 12d ago · 1 post · 1 source · development 1 of 3

The bank achieved approximately £420 million in cost savings, reducing its cost-to-income ratio to 45.7% year-to-date. The savings were driven by investment in AI tools including trials of a spending insights helper and a fraud detection agent for credit card customers.

NatWest achieves £420m cost savings through AI investment
independent.co.uk

“NatWest said it had managed to make cost savings of around £420 million, helping bring down its cost-to-income ratio”

NatWest Group

NatWest Group UK banking groupPaul Thwaite NatWest CEO

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Peak 5 pieces in 3h at Oct 31, 8 AM; 14 pieces over 13 days (2 articles · 4 posts · 8 comments) Oct 30, 5 AM — 1 piece · 1 article — Google News 1Oct 30, 8 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Google News 1Oct 30, 11 AM — quietOct 30, 2 PM — quietOct 30, 5 PM — quietOct 30, 8 PM — quietOct 30, 11 PM — quietOct 31, 2 AM — quietOct 31, 5 AM — quietOct 31, 8 AM — 5 pieces · 3 posts · 2 comments — Reddit 4, Hacker News 1Oct 31, 11 AM — 4 pieces · 4 comments — Reddit 4Oct 31, 2 PM — 1 piece · 1 comment — Reddit 1Oct 31, 5 PM — 1 piece · 1 comment — Reddit 1Oct 31, 8 PM — quietOct 31, 11 PM — quietNov 1, 1 AM — quietNov 1, 4 AM — quietNov 1, 7 AM — quietNov 1, 10 AM — quietNov 1, 1 PM — quietNov 1, 4 PM — quietNov 1, 7 PM — quietNov 1, 10 PM — quietNov 2, 1 AM — quietNov 2, 4 AM — quietNov 2, 7 AM — quietNov 2, 10 AM — quietNov 2, 1 PM — quietNov 2, 4 PM — quietNov 2, 7 PM — quietNov 2, 10 PM — quietNov 3, 1 AM — quietNov 3, 4 AM — quietNov 3, 7 AM — quietNov 3, 10 AM — quietNov 3, 1 PM — quietNov 3, 4 PM — quietNov 3, 7 PM — quietNov 3, 10 PM — quietNov 4, 1 AM — quietNov 4, 4 AM — quietNov 4, 7 AM — quietNov 4, 10 AM — quietNov 4, 1 PM — quietNov 4, 4 PM — quietNov 4, 7 PM — quietNov 4, 10 PM — quietNov 5, 1 AM — quietNov 5, 4 AM — quietNov 5, 7 AM — quietNov 5, 10 AM — quietNov 5, 1 PM — quietNov 5, 4 PM — quietNov 5, 7 PM — quietNov 5, 10 PM — quietNov 6, 1 AM — quietNov 6, 4 AM — quietNov 6, 7 AM — quietNov 6, 10 AM — quietNov 6, 1 PM — quietNov 6, 4 PM — quietNov 6, 7 PM — quietNov 6, 10 PM — quietNov 7, 1 AM — quietNov 7, 4 AM — quietNov 7, 7 AM — quietNov 7, 10 AM — quietNov 7, 1 PM — quietNov 7, 4 PM — quietNov 7, 7 PM — quietNov 7, 10 PM — quietNov 8, 1 AM — quietNov 8, 4 AM — quietNov 8, 7 AM — quietNov 8, 10 AM — quietNov 8, 1 PM — quietNov 8, 4 PM — quietNov 8, 7 PM — quietNov 8, 10 PM — quietNov 9, 1 AM — quietNov 9, 4 AM — quietNov 9, 7 AM — quietNov 9, 10 AM — quietNov 9, 1 PM — quietNov 9, 4 PM — quietNov 9, 7 PM — quietNov 9, 10 PM — quietYesterday, 1 AM — quietYesterday, 4 AM — quietYesterday, 7 AM — quietYesterday, 10 AM — quietYesterday, 1 PM — quietYesterday, 4 PM — quietYesterday, 7 PM — quietYesterday, 10 PM — quietToday, 1 AM — quietToday, 4 AM — quietToday, 7 AM — quietToday, 10 AM — quietToday, 1 PM — quietToday, 4 PM — quietToday, 7 PM — quiet 1–23
1–2NatWest achieves £420m cost savings…3CEO frames AI as universal benefit beyond…
Oct 31Nov 1Nov 2Nov 3Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9yesterdaynow · 9:15 PM ET

Reported in the same hours no headline names this development itself — these 1 claim were published in its stretch

  1. 1 outlet NatWest announces 1,000 more jobs cut after AI efficiency drive

    first by The Independent, 12d ago

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