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.
High street branches of HSBC will face job losses as part of the banking giant's plan to cut 8,000 jobs in the UK, a financial commentator has said.
The bank said today it was undertaking a "significant" reshaping of the business by cutting up to 25,000 jobs worldwide.
Justin Urquhart Stewart told ITV's Good Morning Britain that while he expected the investment side of the bank to "take the brunt" of the cuts, workers in high street stores should prepare for a reduction in staff.
Warning of "big changes" in the UK, Mr Stewart said: "All the banks are skinnying down their branch networks and even in those branches there is more automation and less people."
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.