# Professor Lawrence White comments on the Royal Bank of Scotland's layoffs in Stamford

1 Faculty News October 29, 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/As-layoffs-mount-RBS-holds-on-in-Stamford-12311440.php) -- "'Shrinking its footprint generally has been part of the recovery for RBS,' said [Lawrence J. White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), a professor of economics in New York University’s business school. 'It shouldn’t come as a big surprise that as part of the overall shrinking that they would be shrinking their North American operations.'"

[Read more](http://www.stamfordadvocate.com/business/article/As-layoffs-mount-RBS-holds-on-in-Stamford-12311440.php)