Barclaycard says up to 150 jobs are at risk, with the majority of affected roles at its Northampton headquarters.
The firm, based in Pavilion Drive, is one of the biggest employers in the town. It's in consultation with the union Unite over the planned cuts in its technology department.
Barclaycard says Northampton will remain a key site for its operations.
A bank based in Cambridge is celebrating its first anniversary with the announcement that it's on course to meet its initial four year lending target in less than two years.
Cambridge & Counties Bank has issued around £40 million in secured lending in its first year.
The number of people employed by the bank has also increased in less than a year. Having had 10 employees when it was launched last June there are now 30 staff.
Clothes to food retail group Marks and Spencer is to open two new bank branches in the region.
The department store is to open branches in Norwich and Milton Keynes by the end of the year.
It will form part of an expansion of its banking services, which will see 50 new bank branches open by the end of 2013.
Anglia News in brief
A new regional investment fund is to be launched by the East of England Co-Operative Society.
The fund value is understood to be ‘substantial’. Small firms looking to expand are invited to apply to the Society.
The new fund is being launched at the Royal Norfolk Show on 27th June.