2,100 posts axed by Barclays

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The move comes less than 24 hours after it confirmed proposals to cut a similar number of posts at its investment banking, Barclays Capital, and Barclays Global Investors businesses.

The latest cuts, which could affect staff in high street branches, bring the total number of job cuts announced this week by Barclays to more than 4,000.

The bank is in consultation with trade union Unite over the job losses.

A spokesman said: "Barclays continually reviews its operations and resources so that they function efficiently as business needs and customer requirements evolve.

In the current market conditions, this is particularly important."

The firm will take "all possible measures" to reduce compulsory lay-offs, including natural attrition, releasing contractors, closing vacancies and calling for voluntary redundancies.

At the beginning of last year, Barclays employed 135,000 people worldwide, of which 62,000 were based in the UK.

But the bank's latest cuts follow Tuesday's planned reductions in other parts of the business. About 1,300 jobs are expected to be cut at Barclays Capital, with Barclays Wealth and Barclays Global Investors losing around 500 and 330 staff respectively.

Elsewhere in the banking sector, there were also reports on Tuesday that the merger of banking giants Merrill Lynch and Bank of America could result in as many as 2,000 UK redundancies.