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Wells Fargo becomes settlement member of CLS Group

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Wells Fargo becomes settlement member of CLS Group

Wells Fargo& Co. joined 64 other settlement member banks in becoming adirect participant in CLS Group's settlement and risk mitigation system on June21, according to a news release.

"The addition of Wells Fargo is a great endorsement ofthe service CLS continues to provide to the foreign exchange market and globaleconomy," said CLS CEO David Puth.