bank of america picks dublin as postbrexit hub
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

Bank of America picks Dublin as post-Brexit hub

Arab Today, arab today

Arab Today, arab today Bank of America picks Dublin as post-Brexit hub

International banks are considering alternative locations
London - Arab Today

Bank of America became the first US lender to picked Dublin as its new base for its EU operations as part of its strategy as Britain readies for its departure from the 28-nation bloc.
“Dublin is the home of more of our employees than any other European city outside of the UK,” Brian Moynihan, chairman and chief executive of Bank of America, said.
“We already have a fully licensed and operational Irish-domiciled bank which, combined with Ireland’s strong commitment to business and economic growth, makes Dublin the natural location to consolidate our legal entities as we transition,” he added.
Bank of America currently has 700 staff in Dublin and a 6,500 workforce in the UK, of which 4,500 are based in London. The Wall Street lender first established an Irish presence in 1968.
International banks are considering alternative locations in the bloc so they can continue serving clients if their London operations close once Britain leaves in March 2019.
Citigroup and Morgan Stanley have both picked Frankfurt as bases for their EU hubs, while Barclays earlier said that was talking with regulators about extending its activities in Dublin.
Dublin has been locked in competition with Frankfurt, Luxembourg and Paris to lure financial firms making contingency plans for Brexit.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of america picks dublin as postbrexit hub bank of america picks dublin as postbrexit hub

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of america picks dublin as postbrexit hub bank of america picks dublin as postbrexit hub

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 14:37 2018 Wednesday ,05 December

Serena Williams and Andy Murray return to Australian Open

GMT 06:05 2016 Saturday ,19 November

Saudi deputy CP holds phone talks with German FM

GMT 15:39 2018 Friday ,14 December

Electricity minister receives MANTECH delegation

GMT 09:05 2015 Tuesday ,20 January

Artist Fatiha Berber passes away in Paris

GMT 13:14 2017 Saturday ,14 January

Ed Sheeran breaks Spotify records with new music

GMT 02:58 2016 Friday ,18 November

AL chief congratulates Trump on election victory

GMT 07:24 2013 Friday ,02 August

Controversy reflects success, states Hana Shiha

GMT 23:22 2016 Wednesday ,02 November

Food gap in Arab and African countries widens

GMT 09:16 2016 Tuesday ,22 November

At least five children killed in US school bus crash

GMT 12:19 2016 Monday ,24 October

LeBron's Cavs, Durant-led Warriors favored

GMT 04:01 2017 Monday ,16 January

Turkey closer to bolstering Erdogan's power

GMT 18:37 2017 Saturday ,28 October

Egypt battles landmines 75 years after El Alamein

GMT 18:21 2017 Wednesday ,11 October

UK actress felt 'violated' after Weinstein encounter

GMT 10:01 2016 Wednesday ,12 October

Raging Trump lashes out at 'disloyal' Republicans

GMT 13:48 2017 Saturday ,11 March

Arwa Gouda could return to TV programs

GMT 11:18 2017 Saturday ,29 July

Singer Qamar reveals details of her new clip
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday