Deutsche Bank 'haggis' team out to poach RBS's cashflow clients

London

DEUTSCHE Bank AG has unleashed its plumbers on Royal Bank of Scotland Group Plc.

Germany's biggest bank has formed a committee - known informally as the "haggis" team after the Scottish offal dish - to poach RBS's biggest customers as the Edinburgh-based lender retreats from commercial banking outside of the UK, said two people with knowledge of the matter, who asked not to be identified discussing the bank's internal operations.