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RBS Asks Recruiters to Find Investment Bankers, Telegraph Says

Royal Bank of Scotland Group Plc, Britain’s biggest government-controlled lender, plans to hire new staff to strengthen its investment-banking unit, the Sunday Telegraph reported, without saying where it got the information.

The bank, which on Aug. 5 announced plans to cut about 2,000 jobs over the next 18 months, asked recruiting agencies in London to hire staff in the first quarter of next year for debt underwriting, corporate brokering, and merger and acquisitions, the newspaper said.

RBS spokeswoman Amy Pickerill declined to comment when contacted by Bloomberg News.

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