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Wells Fargo Cuts 22 Jobs in Currency Trading

Wells Fargo & Co.'s bank branch in New York.
Photographer: Craig Warga
Updated on

Wells Fargo & Co.’s foreign-exchange business cut 22 salespeople, according to a person briefed on the matter, the latest casualties of a slump in market activity.

Affected employees worked in locations including St. Louis and Atlanta, where the bank is consolidating operations elsewhere, the person said. Some staff are being moved to other offices, while others are leaving the company, the person said.