US banking giant First Citizens set to establish a treasury office in Dublin

First Citizens BancShares has assets totalling more than $220bn

A First Citizens Bank branch in Alpharetta, Georgia, US. Photo: Bloomberg

One of America’s largest banks, First Citizens BancShares, is to establish a treasury operation in Dublin, the Irish Independent has learned.

While the operation is likely to be relatively small, the timing is significant given the push by US president Donald Trump to bring manufacturing and other activities by US firms back to American soil.

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