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Minister Bruton contacts Bank of America on its decision to exit credit card business

Minister for Jobs, Enterprise and Innovation, Richard Bruton T.D. has today (Monday) been in contact with Bank of America officials following its decision to exit its credit card business internationally, including the UK and Ireland. Speaking from his Department this afternoon, Minister Bruton said: "I have been in contact with representatives of Bank of America to discuss their decision to exit their credit card business in the UK and Ireland and its implications for their Carrick-on- Shannon facility. I have also spoken to the IDA and asked them to work closely with the company with a view to assisting them finding a buyer for the business as a going concern.

The Minister confirmed that the IDA will now market the business through its Global Network, which to date has had a number of successes in finding buyers in a number of sectors throughout the country.

Today’s announcement is part Bank of America’s strategy to focus on its core business and follows the sale of its credit card business in Canada and Spain.