Close Brothers raises cost-cutting target amid restructuring

Summarised from 3 outlets · Updated 29 Sept, 09:44 · Archive

Close Brothers has increased its cost-cutting target to more than £60m annually.

Close Brothers has increased its cost-cutting targets to more than £60 million for the year ahead, up from £36 million achieved in the previous financial year to July 31. The bank is proceeding with a planned 20 per cent reduction in headcount as part of its restructuring programme.

How it is being reported

• Close Brothers ramps up cost cutting after posting another lossEvening Standard · 29 Sept, 08:23
• Close Brothers ramps up cost cutting after posting another lossIndependent Business · 29 Sept, 08:23
• Close Brothers raises cost-cutting target as job cuts beginCity AM · 29 Sept, 07:34

In this story: Close Brothers · FTSE 250

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem