Nearly 400 jobs are at risk after HSBC revealed plans to slash its IT staff and make swingeing cuts to its branch network.

The high street lender said it would shut a further 62 bank branches on top of the 55 closures announced last year, meaning a total of 117 HSBC branches will close in 2017.

The move will put up to 180 jobs under threat and leave the banking giant with 625 branches across the UK.

It came as the lender also confirmed that 204 IT jobs could be lost as part of plans to find "significant cost savings" by the end of this year.