Bank of America said on Friday that it had chosen Dublin as its future European Union hub, the latest major financial services firm to outline its plans to deal with Britain’s departure from the 28-nation bloc.
Many banks and financial firms have concentrated their European operations in London, taking advantage of deep and liquid markets as well as the wide variety of support industries that have built up in the British capital, including accountants and lawyers. But those companies now face the distinct possibility that they may no longer be able to serve European clients from London after Britain leaves the bloc.
