Bank of America plans to seek approval to set up securities firm in China: report

Bank of America plans to seek approval to set up securities firm in China: report

Buildings are reflected in a window in front of automatic teller machines (ATM) inside a Bank of America Corp. branch in New York, U.S., on Saturday, Jan. 13, 2018. Photographer: Daniel Tepper/Bloomberg

Bank of America Corp is planning to file an application to set up a securities firm in China as part of its strategy to expand into the country’s burgeoning financial services market, Bloomberg News reported on Monday, citing people familiar with the matter.

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