Bank of America has announced plans to cut 150 jobs at MBNA in Chester but create up to 1,000 new posts in a global technology and operations centre.

Another 100 jobs will be lost from the MBNA base in Ireland. In October, Bank of America Europe Card Services, which operates the MBNA brand, started a collective consultation process in Chester, where it has 3,200 staff. Around 400 job losses were forecast at the European credit card division.