Bank of America Merrill Lynch (BAML) has announced it will be closing its Croydon data centre next year. The bank told staff they will be moving out of Galaxy House in Cherry Orchard Road and relocating to other offices in Canary Wharf and Bromley. The centre which is close to East Croydon station, will close during the first quarter of 2013.

A spokesman for Bank of America Merrill Lynch said: "The data centre located in Croydon is scheduled to close in Q1 2013. Croydon was originally set up as a data centre facility and as part of a regular review of our technology and support infrastructure, it was decided to consolidate this site in order to reduce the overall number of data centres we use globally”.

Source: Local Guardian