Bank of America Chooses Dublin for Main EU Hub After Brexit
- Firm plans to move roles to Dublin, other EU locations
- Banks are preparing for loss of access to the single market
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Bank of America Corp. has picked Dublin to locate its main European Union hub in preparation for Britain quitting the bloc in 2019, the latest global bank to finalize its contingency arrangements after Brexit.
The bank will move some roles from London to the Irish capital and other cities across the EU, it said in a statement Friday. Bank of America already has a fully licensed operation in Dublin, and employs more than 700 people in the country.