Bank of America is set to strengthen its relationships 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 crisis may find it difficult to negotiate smooth transactions between Guyana and foreign banks , however , other US banks have reportedly approached the bank 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.