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Ireland: Bank of America seeks Irish bank merger due to Brexit

By  |  July 17, 2018

US investment banking giant Bank of America Merrill Lynch has applied to Ireland’s High Court for permission to merge one of its UK based subsidiaries with a related Irish firm in response to Brexit.

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    The group seeks to merge Bank of America Merrill Lynch International DAC, with a registered office in Leopardstown in Dublin, with Bank of America Merrill Lynch International Ltd, with a registered office at King Edward Street in London.

    Both firms, which provide various banking services, are wholly owned subsidiaries of the US-based investment banking group.

    On Monday, July 16, Paul Sreenan senior counsel for the Irish entity told Mr Justice Robert Haughton that the application was being made as a result of the “fallout from Brexit.”

    Full Content: The Times

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