Mark Lennihan/Associated PressA Citibank branch in New York. The bank has already notified some employees who will lose their jobs.

The ax continues to fall on Wall Street.

Citigroup is drawing up plans to eliminate about 3,000 jobs, or 1 percent of its global work force, and on Wednesday, BNP Paribas announced plans to cut about 1,400 jobs, or less than 1 percent of its staff.

While Citigroup has not settled on a final number, the staff reductions could exceed 3,000, with roughly a third coming from its securities and banking unit, said one person with direct knowledge of the plans who spoke anonymously because the numbers were not final. Citigroup has already notified some employees who will lose their jobs in the coming months. The timing of the layoffs is also uncertain, and could take place throughout the next year.

At BNP Paribas, almost 400 jobs will be eliminated in France, with the remaining layoffs coming at the bank’s international operations.

The moves reflect the broader austerity measures across Wall Street.

Goldman Sachs has prepared to eliminate about 1,000 jobs, or roughly 3 percent of its work force. The bank also could cut up to $1.45 billion in costs, or 5 percent of its expenses, as DealBook previously reported.

Bank of America, perhaps the most embattled American banking giant, has already shed 3,500 jobs in recent months, and that its only a starting point. The bank, which continues to labor under the weight of its troubled mortgage business, could yet decide on a broader round of job cuts resulting in 30,000 layoffs.

New York is feeling the pain. Some 10,000 securities industry workers could lose their jobs through 2012, bringing total reductions to 32,000 since January 2008, according to a report by the New York state comptroller.

Foreign banks are also trimming their rosters. UBS announced earlier this year that it would eliminate 3,500 jobs over the next next two-plus years, a move to rein in costs at the struggling Swiss bank. Credit Suisse also has plans to cut about 600 jobs in its investment banking operation.

Nomura of Japan said on Wednesday that it had begun a new round of layoffs as part of the bank’s attempt to reduce costs by $1.2 billion. A Nomura official declined to give an exact figure, but said the majority of cost savings would come from Europe, where the bank employs about 4,500 people.

Citigroup’s plan to shed around 1 percent of its staff was reported on Tuesday by The Wall Street Journal.

This post has been revised to reflect the following correction:

Correction: November 16, 2011

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