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Bank of Ireland
Bank of Ireland confirms sale of US foreign currency business
BANK OF IRELAND has announced the sale of its US-based foreign currency business, Foreign Currency Exchange Corporation, to Wells Fargo Bank for a fee of around €16.1m. The sale had been set out by the European Commission as one of the conditions for Bank of Ireland receiving state funding, but a Bank of Ireland statement said the sale would have a “negligible impact on the Group’s capital position”.
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