Bank of America moves support services to PH

Sunday, 13 May 2012 00:27

MANILA, Philippines - Bank of America Corp. (BA) has moved its business support activities to the Philippines via a new non-bank subsidiary, a lawmaker said Saturday.

BA is the second-largest US-based financial holding company with global assets of $2.13 trillion, and is the last of "Big 4" American banks to relocate business support services to the Philippines, according to House Deputy Majority Leader Roman Romulo.

Read More: Bank of America moves support services to PH