BankAmerica Corp. plans to expand some of its international businesses but shrink others as part of a broad reorganization aimed at reducing risk, said Robert P. Morrow, managing director for international corporate banking.

In a telephone interview from Hong Kong on Friday, Mr. Morrow termed press reports that the bank is planning a large-scale retrenchment from international activities an "oversimplification."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.