Wells Fargo & Co. (WFC) said Monday it bought substantially all of the U.S.- based assets of Foreign Currency Exchange Corp., a wholly owned subsidiary of the Bank of Ireland Group.
Financial terms of the deal were not disclosed, but the transaction will close this summer. FCE is an Orlando, Fla.-based foreign currency wholesaler that serves about 140 banks in the U.S.
The firm’s core business is enabling banks to offer foreign currency exchange services to their clients.
The Currency Newshound 