Built in 2009 to serve as the U.S. headquarters of RBS, 600 Washington Blvd. is in downtown Stamford’s central business district and is approximately 85% leased.
Although it has laid off several hundred workers there over the past few years, the bank said it would continue operations at 600 Washington Blvd.
Earlier this month, the bank had announced it was also cutting nearly 800 jobs and closing 162 branches in England and Wales.
Moody’s has placed the struggling bank on review for a ratings downgrade.
With the move, RBS will have laid off some 675 employees over the past two years.
With the latest job cuts, the Royal Bank of Scotland has laid off some 630 Stamford employees over the past two years.
The troubled Edinburgh bank was recently accused of laundering money for the KGB.
The Royal Bank of Scotland has shed some 600 Stamford jobs over the past two years.
The bank has laid off nearly 300 people since last year.
RBS's actions "contributed significantly to the 2008 financial crisis," per state Attorney General George Jepsen.
Though GE's exit from Fairfield is expected to have adverse effects on the market, residual pent-up demand from 2015 should help raise leasing activity levels this year.
The Royal Bank of Scotland plans to cut $10 billion in assets as it faces U.S. regulatory changes, the Wall Street Journal reports.
Royal Bank of Scotland Group PLC reportedly is under pressure to sell off its RBS Citizens subsidiary.
RBS is exiting the United Kingdom’s credit insurance plan that provided a needed backstop during the recovery.
At a recent investor conference, People’s United Bank’s CEO addressed the question of why the company has not included Rhode Island in its recent expansion