Hundreds of positions are likely to go at the bank’s head office in London, while the rest of the cuts will be split between the bank’s regional bases and international operations.

Last week, Lloyds said it would cut 300 jobs across its retail, wholesale and wealth units.

The bank, which is 41% owned by government, has axed 27,000 jobs over the last two years, as it continues an integration program following its 2008 takeover of troubled lender HBOS.

Lloyds is mandated to sell 632 branches and a 4.6% share of current accounts to meet European Union competition rules.

Lloyds, which has a 30% share of personal current accounts and 21% of the savings market, is expected to be forced to sell more of its branches under plans to be revealed by Independent Commission on Banking in September.