NatWest Intermediary Solutions is the latest lender to announce job cuts.
The number of jobs to go is still unclear but staff were told an undisclosed number of positions have been placed into consultation.
Yesterday, nationalised lender Northern Rock also announced 650 jobs are to go by the end of this year, following 1,500 job losses in 2008 when it was rescued by the government.
Last month, Royal Bank of Scotland announced plans to cut 600 jobs as part of a three-year restructuring plan.
Joined as head of strategy, multi asset, in June
Group income protection
Nine in 10 do not have income protection
Set to become part of Single Financial Guidance Body