Royal Bank of Scotland is to cut a further 4,500 jobs in the UK, bringing total job losses at the beleaguered bank to 7,200 so far this year.
In addition the firm will cut another 4,500 jobs elsewhere in the world, with most of the cuts taking place in its back office operations.
RBS's back office operations employ around 27,000 staff in Britain, meaning today's losses will account for one in five of the division.
The affected division, known as Group Manufacturing, is largely based in Edinburgh, though it employs significant numbers of people in other centres, including London, Manchester and Bristol.
The cuts form part of RBS's strategy to reduce costs by £2.5bn over the next two years, after a humiliating £24bn loss led to the Government taking a majority stake in the firm.
23% fall since Q1
Achievements, charity work and other happy snippets
Including advice firm Chadkirk WM
More dates to be announced
Lowest level since 2016