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Bank of America targets growth in international cash management
June 14, 2017 / 4:00 PM / 6 months ago

Bank of America targets growth in international cash management

June 14 (Reuters) - Bank of America Corp. sees room to grow in international cash management, a low margin business that can lead to lots of other revenue opportunities with corporate clients, COO Tom Montag said at an industry conference Wednesday.

Montag said the second-biggest U.S. bank already has a very strong position in its home country, partly the result of increased targeting of mid-sized companies in local markets. (Reporting by Dan Freed; Editing by Chizu Nomiyama)

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