ABN Amro is the latest bank to unveil job losses: it expects 2,350 positions to be axed over the next three to four years as part of an efficiency drive.

Banks around the world have announced tens of thousands of job cuts in recent months amid regulatory uncertainty, weak economic growth and fears of another downturn. ABN's London operation, which employs 500 people, is expected to be spared, with most redundancies in the Netherlands, headquarters of the predominantly Dutch bank