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.
Along with the announcement of 7,000-8,000 UK job cuts, HSBC has confirmed that it will "trim" its 1,057 branches across the UK.
The group said it aims to cut its worldwide network of branches by 12%, with the UK being one of seven regions to be impacted - but it declined to give further details for British branch closures.
HSBC's British high street operations are also set to undergo a rebrand, CEO Stuart Gulliver said. They will operate under a new brand name that is yet to be decided on.
HSBC's UK head office is being relocated from London to Birmingham by 2019 amid regulatory "ringfencing" rules, giving rise to speculation that the group's retail arm will see a return to the "Midland" brand.
Its UK branches used to be known as Midland Bank before they were swallowed up by HSBC in 1992.
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