The Globe and Mail reports in its Tuesday edition that as Toronto-Dominion Bank prepares to cut thousands of jobs, head count is still climbing in one part of the business. The Globe's Jameson Berkow writes that TD announced nearly a dozen new hires for its U.S. investment banking, equity sales and research groups on Monday as the lender seeks to maintain momentum with its U.S. expansion plans. The planned expansion of its global financial institutions group comes less than one week after the bank said it would reduce its work force by 3 per cent, representing roughly 3,000 people, in response to rising expenses and a sharp decline in profit. The expanded financial institutions group, which offers investment banking services to other banks, insurers and money managers, will be co-led by TD's Geoff Bertram in Toronto and Jim Spencer in New York. Mr. Spencer had most recently spent nearly a decade as head of Americas for the Credit Suisse Financial Institutions Group. Michael Giudice, Alston Lambert, Arvind Sriram, David Stolzar, Eric Tell and Taryn Widen will also join the group led by Mr. Bertram and Mr. Spencer, TD said. All six of them had previously worked with Mr. Spencer at Credit Suisse in New York.