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The Federal Housing Finance Agency suggested $13 billion as a potential penalty on RBS, accused of improperly inflating the value of mortgage-backed securities it sold leading up to the financial crisis. Kathleen O'Rourke/Staff photo The Federal Housing Finance Agency reportedly stated it could seek as much as $13 billion in remuneration from Royal Bank of Scotland, alleging executives at RBS' office in Stamford, Conn. Comment?
Registration will allow you to post comments on ctpost.com and create a ctpost.com Subscriber Portal account for you to manage subscriptions and email preferences. In light of a new exhibit featuring Fairfield's golf legacy , take a look at how golf evolved from its beginnings to today across all of Fairfield County. Comment?
UBS reportedly inked a 10-year lease for 120,000 square feet of space in the Royal Bank of Scotland building at 600 Washington Blvd., in Stamford, according to the Wall Street Journal , a tight squeeze against its most recent employment figures locally -- if a welcome commitment for a company that had been feared last fall to be abandoning Stamford outright. UBS will fill out multiple floors no longer needed by RBS, which as first reported by Hearst Connecticut Media in February reported a local workforce of 1,600 people as of July; and has since disclosed job cuts totaling 125 positions in Stamford to state regulators. Comment?
Co-owner Joanne Christena Smith poses for a photograph before a group painting sesson at Pinot's Palette in Stamford, Conn., on Wednesday, March 11, 2015. In one year in business the "paint and sip" studio got a master franchisee agreement and is expanding to Canada. Comment?
The city of Stamford reported a one-third reduction in the local workforce of Royal Bank of Scotland, the first drop since RBS took incentives in 2006 to occupy a new office and trading floor, pictured here on Feb. 17, 2015. The city of Stamford reported a one-third reduction in the local workforce of Royal Bank of Scotland, the first drop since RBS took incentives in 2006 to occupy a new office and trading floor, pictured here on Feb. 17, 2015. Comment?
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