# Professor Lawrence White discusses UBS' declining presence in the United States

1 Faculty News April 14, 2019 ![stamford advocate logo](/sites/default/files/styles/246w/public/assets/images/stamford-advocate-logo-feature.jpg?itok=GiOSoHZm)>

Excerpt from [Stamford Advocate](https://www.stamfordadvocate.com/business/article/UBS-job-losses-persist-in-Connecticut-13764069.php)-- "'What we’re seeing in Connecticut is the continued process of UBS pulling back on its ambitions of having a large footprint in the United States,' said [Lawrence J. White](https://www.stern.nyu.edu/faculty/bio/lawrence-white), a professor of economics at New York University. 'I think they’re going to continue to want to have a presence in the U.S.; for a large international bank, they can’t not be in the United States.'"

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