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.
HSBC will decide on whether to move its headquarters from London by the end of the year.
Any move that goes ahead will take two years to execute, ITV News Business Editor Joel Hills reported.
The bank, which today announced it is axing between 7,000 and 8,000roles from its 48,000-strong UK workforce as part of a cost-cutting strategy, said it is "too soon" to say whether it will keep its UK head office.
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.