Lloyds Bank’s operating costs up 11% YoY

Lloyds
Bank
reported
an
increase
in
operating
costs
in
the
first
quarter
driven
by
higher
inflation
and
increased
investment
in
technology. 
“Cost
management
remains
a
core
discipline
for
us
as
a
group,”
Chief
Financial
Officer
William
Chalmers
said
during
the
bank’s
earnings
call
today.
Operating
costs
“include
expected
elevated
severance
charges
taken
early
in
the
[…]