# Professor Charlie Murphy shares insights on the Royal Bank of Scotland's cutbacks in Stamford

1 Faculty News February 9, 2017 ![Stamford Advocate 192 x 144](/sites/default/files/styles/246w/public/assets/images/stamfordadvocate192x144.jpg?itok=vvoCZKgc)>

Excerpt from the [Stamford Advocate](http://www.stamfordadvocate.com/business/article/Amid-major-cuts-RBS-pledges-future-to-Stamford-10920695.php) -- "'What’s happening is you have a government working with management and figuring out how to skinny the bank down,' said [Charles Murphy](http://www.stern.nyu.edu/faculty/bio/charles-murphy), a professor of management practice in New York University’s Stern School of Business. 'They’ve gotten out of a lot of businesses and changed management. From the outside, it looks like it’s converting back to a more traditional British bank, as opposed to a global banking "thought process."'"

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