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razzle34dazzle · 01-27-2013, 08:44 PM

http://mobile.reuters.com/article/busine...8?irpc=932

LONDON (Reuters) - Bank of America (BAC.N) has begun moving $50 billion of derivatives out of its Irish-based operations into its British subsidiary, The Financial Times reported on its website on Sunday, citing people close to the operation.

The move will allow the world's number 10 bank by assets to benefit from tax breaks stemming from accumulated losses in its UK business, the FT said.

Mac · 01-27-2013, 10:32 PM

is this the thread to look at or the other one . Ill check the other one first .

[Image: 5n8y1e.jpg]

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