BoA brings US TLAC charge to euros

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BoA brings US TLAC charge to euros

Tyler Davies
April 20, 2017 02:00 PM
Bank_of_America_PA_230x150
File photo dated 14/08/09 of the Bank of America building in London's Canary Wharf, as US banking giants Goldman Sachs and Bank of America have delivered a hefty jump in profits as they reaped the rewards of higher interest rates. | Tim Ireland/PA Wire/PA Images

Bank of America became the first US bank to target the euro market for new senior debt after publishing first quarter results, as the firm and its compatriot peers pile into the capital market for new total loss-absorbing capacity (TLAC) eligible deals.

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Senior DebtBank of AmericaEuropeEMEAFIG
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Tyler Davies
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