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Bank of America opens 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 world, 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 significant milestone for businesses in the region. Many multi-national companies have chosen Luxembourg as a European hub for...
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