Stamford Advocate – The Royal Bank of Scotland’s daisy-wheel logo still stands on top of 600 Washington Blvd. — even after many rounds of cutbacks at the downtown financial hub.
Battered by weak earnings and legal and regulatory pressures, the bank has slashed some 700 jobs in the past three years at its Americas headquarters. In an industry that has undergone seismic changes in the past decade, RBS is unlikely to bring back the lost positions. But the bank says Stamford remains vital to its business, and the firm’s strong ties to the area suggest it will carry on its curtailed Connecticut operations.