Merrill Lynch Bank in Ireland warns on Brexit

The directors of Merill Lynch International Bank in Ireland have fired a warning shot about the effects a hard Brexit could have on its business.

The bank which is owned by Bank of America operates a European head office in Dublin and a branch office in London.

Its 70 staff are well- rewarded for their work. New accounts show that they shared a pay pot of $26m (€24.5m), or an average of $370,000.