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The British bank had previously said that it aims savings of $1.3 billion under a cost-efficiency program.
The total reductions could be more than 100, although a final number has yet to be decided, the report said, citing people familiar with the matter.
“It is part of normal business activity to review our role requirements on an ongoing basis across the bank,” a spokesperson for the British lender told Reuters in an emailed statement.
The London-listed bank’s move is the latest among big banks cutting jobs.
Goldman Sachs (NYSE:GS) is expected to reduce just under 250 jobs in the coming weeks, while JPMorgan Chase & Co (NYSE:JPM) is cutting about 500 employees, Reuters reported in May.
Separately, Standard Chartered (OTC:SCBFF) earlier this year sold its Jordanian business to Arab Jordan Investment Bank (AJIB) as the lender pressed ahead with plans to exit seven markets in Africa and the Middle East.
