Mizuho to hire up to 200 RBS staff

For Hire

Mizuho Financial Group plans to hire as many as 200 people from Royal Bank of Scotland in the U.S. as part of its deal to buy loans from the lender, a person with knowledge of the matter said.

Bloomberg News reports that the bank is in talks to take on 130 to 200 employees from RBS’s U.S. unit, including fixed-income and loan staff members, the person said, asking not to be named because the discussions are private.

Mizuho said in February that it will buy the loans for about $3bn to gain access to corporate clients in North America. The portfolio consists of $36.5bn of loan commitments to about 200 investment-grade companies, of which $3.2bn has been drawn.

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Mizuho Said to Hire as Many as 200 RBS Employees in U.S.

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