Lloyds profits soar 33% as higher interest rates boost income
Bank slashes expectations for UK growth but keeps guidance steady
Bank slashes expectations for UK growth but keeps guidance steady

Lender’s pre-tax profits rose 12% to £6.7bn last year

High street lender wants to reduce technology costs by 35% this year, internal documents show

Loan growth and hedging help bolster banking sector profitability

Chief executive says market welcomes ‘all risks that can be legally insured’

Bank’s customer insights team compared financial resilience of lowest-paid staff to customers as part of salary negotiations

Will high street lenders persist with disciplined growth plans or take riskier bets to boost fee income