Bank of America Merrill Lynch to transfer billions in assets to Ireland

Bank of America Merrill Lynch to transfer billions in assets to Ireland

Bank of America Merrill Lynch has secured approval for the transfer of tens of billions of euro to assets to Ireland, in the latest sign that financial institutions are stepping up their plans for life after Brexit.

Regulatory clearance for the merger of Bank of America Merrill Lynch’s London-based arm with its Irish unit, so that it can still work with European clients, was reached in recent days. The full details of its post-Brexit plan...

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