HSBC has confirmed that it is axing between 7,000 and 8,000 UK jobs - one in six of its staff in Britain.
Up to 25,000 roles are expected to be shed globally, as part of a major cost-cutting and restructuring strategy.
The group also said it will "trim" branches in Britain and rebrand its UK retail banking business, as it prepares to moves its UK head office from London to Birmingham.
Industry experts believe HSBC may resurrect the old Midland brand, before selling off the UK arm of its business.
The group, which today outlined plans to cut as many as 8,000 British jobs, is moving its head office to Birmingham and said it plans to rebrand its UK retail banking business.
Economics Editor Richard Edgar reports on the changes and a potential return to the "Midland" name HSBC dropped 23 years ago:
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.