Royal Bank of Scotland is continuing recruiting for all functions and in all regions in equities, Financial News reports. The U.K. lender is hiring research, sales and trading employees in the U.S., Europe and Asia.

The move by the U.K. lender comes as banks, including Nomura, Credit Suisse, UBS and Goldman Sachs, are looking to cut costs. They are laying off executives due to a fall in revenues.

Click here for the story from Financial News.