In-country transaction banking operations launched in key financial hub
Bank of America today announced that it has opened a new branch in Luxembourg, further strengthening its capabilities and the value it offers to clients in core markets.
The launch means the bank can support clients – corporate, commercial and NBFIs (non-bank financial institutions) – with setting up local bank accounts and provide in-country transaction banking products and services. In particular, as Luxembourg is the second largest investment fund centre in the world1, after the United States, the bank will deepen its global cash management services to these NBFIs.
Fernando Vicario, CEO of Bank of America Europe DAC said, “This announcement marks a...
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