Bank of America said to be eyeing $50bn derivatives move from Ireland
Bank of America is in talks with regulators to transfer about $50 billion of its derivatives business from its Irish unit into its UK operation, it was reported.
Bank of America is in talks with regulators to transfer about $50 billion of its derivatives business from its Irish unit into its UK operation, two people with knowledge of the matter said.
It’s part of a move to centralise and book trading activities in one place, said the people, who asked not to be identified because the details are private. The plan requires regulatory approval, one of the people said.
The Merrill Lynch...
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