BofA Said to Be in Talks to Move Irish Derivatives Unit
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Bank of America Corp. is in talks with regulators to transfer about $50 billion of its derivatives business from its Irish unit into its U.K. operation, two people with knowledge of the matter said.
It’s part of a move to centralize and book trading activities in one place, said the people, who asked not to be identified because the details are private. The plan requires regulatory approval, one of the people said.