Wells Fargo to acquire foreign currency exchange service
Wells Fargo & Co. announced today that it will acquire substantially all of the U.S.-based operating assets of Foreign Currency Exchange Corp. (FCE), a wholly owned subsidiary of the Bank of Ireland Group. Financial terms of the transaction, which is expected to be completed this summer, were not disclosed. FCE is an Orlando, Fla.-based foreign banknote wholesaler that serves about 140 of the top 200 banks in the United States.
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