Bank of America is set to sever its ties with US banks in an effort to increase its concentration on larger customers, enjoy a higher level of liquidity and separate itself from potential risks. As a result, banks in US may find it difficult to provide smooth transactions between US and North America, however, other Guyana banks have reportedly approached the country to take over in the place of Bank of America.
Bank of America is set to sever its ties with Guyana banks in an effort to increase its concentration on larger customers, enjoy a higher level of liquidity and separate itself from potential risks. As a result, banks in Guyana may find it difficult to provide smooth transactions between Guyana and North America, however, other US banks have reportedly approached the country to take over in the place of Bank of America.