Uncertain air hangs over RBS Stamford operation
tracks Reed’s stock as a portfolio manager with Choice Equities Capital Management and who met with Stalowir this past spring at — of course — The Ginger Man restaurant in Greenwich. “The ... sale of its L.A. plant (finalizes) the move away from the capitalintensive manufacturing operations, and the company will devote the lion’s share of its resources towards marketing and brand building going forward.”
STAMFORD — Royal Bank of Scotland has committed to staying in the city for the next decade. Whether that pledge will reverse its longdwindling headcount is much more uncertain.
The bank paired the June sale of its downtown base at 600 Washington Blvd. with a 12year lease signing at the same address — a move that dispelled worries that it would leave the city after laying off several hundred employees in the previous three years. But the bank has made no commitments to reversing the layoffs, and the United Kingdom’s looming exit from the European Union complicates the Edinburgh, Scotlandbased company’s longterm plans.
“For a British bank, everything is in the shadow of Brexit and what Brexit could do to the British economy,” said Lawrence J. White, an economics professor at New York University. “They may be feeling more cautious in the shadow of Brexit.”
The company did not respond to requests for comment for this article.