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By Lars Mucklejohn Secure Trust Bank has raised its cost-cutting target, while the City regulator’s review of its vehicle finance arm weighed on the firm’s earnings in the first half of 2024. On Wednesday, the London-listed lender upgraded its annualised cost savings target under its “Project Fusion” programme to £8m from £5m by the end of 2025. Secure Trust said the scheme was on track to deliver £5m in savings by the end of this year. It had contributed to an improved adjusted cost-to-income ratio of 53.7 per cent for the first half of 2024, down from 55.9 per cent in the same period last ye…

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