Bank of America (BAC) has started in the $50 billion of derivatives of Irish based business, the British subsidiary company, "financial times" on its web site Sunday quoted people familiar with the operation.
, "financial times" said that the move will make the world's 10 bank assets benefit from tax breaks from the British business accumulated losses.
According to the British "financial times" the banker said Irish officials uncomfortable, scale management and puts forward a theoretical risk, for the Irish tax payers.
British regulators are eager to have the European business operation management headquarters in London bank, there are more strict control, "financial times" said.
The United States of the European business, including cash management, enterprise loans and derivatives, the bank of a large piece of traditional routing through the Dublin subsidiary, "financial times" said. Bank of America (Bank of America) did not immediately comment.
 



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