Bank of America Merrill Lynch has received approval from the Central Bank of Brazil to provide global treasury solutions to multinationals operating in the country. The bank’s clients will now get immediate access to capabilities, such as deposit accounts, payments, reporting and liquidity solutions. The bank may also add further solutions in the country over the next few months, including more payment types, collections and local currency loans. The firm also recently added a number of new coverage officers, risk and support staff in the country, as well as a build-out of systems infrastructure.

Click here for the release from Bank of America Merrill Lynch.