# Professor Lawrence White explains why he does not believe the Royal Bank of Scotland will receive government subsidies to stem layoffs in its Stamford headquarters

1 Faculty News March 1, 2018 ![Stamford Advocate 192 x 144](/sites/default/files/styles/246w/public/assets/images/stamfordadvocate192x144.jpg?itok=vvoCZKgc)>

Excerpt from [Stamford Advocate](https://www.stamfordadvocate.com/business/article/More-state-aid-not-expected-for-troubled-RBS-12720971.php) -- "'RBS is generally pulling back, and I don’t think there’s a lot the governor or state Legislature can do to avoid the pulling back,' said [Lawrence J. White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), a professor of finance at New York University. 'Trying to give them subsidies to stay is a losing bid. You can’t turn back the clock.'"

[Read more](https://www.stamfordadvocate.com/business/article/More-state-aid-not-expected-for-troubled-RBS-12720971.php)