The Brexit is here: A fifth American bank moving his activity away from London.
After JPMorgan, Citigroup, Goldman Sachs and Morgan Stanley, Bank of America doesn’t wait for Brexit and moves the European headquarters to Dublin.
At the end of the week Bank of America announced that it had chosen Dublin as the new destination for its European headquarters.
In this way, he became the fifth American bank to announce that he would be taking his action from London and the first American bank to choose Ireland as a preferred target.
The announcement came after the Bank of England ordered the international financial institutions operating in the U.K at the beginning of the month to submit plans detailing the steps to be taken towards the Brexit, which will come into effect in March 2019.
They also announced the transfer of activity from London: JPMorgan Chase, Goldman Sachs Morgan Stanley and Citigroup.