Federal Reserve Board announces approval of application by Allfunds Bank S.A.U.

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 21, 2020. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced the approval of the application by Allfunds Bank S.A.U., Madrid, Spain, to establish a representative office in Miami, Florida pursuant to section 10(a) of the International Banking Act of 1978.

Attached is the order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System