CLSSettlement Adds US Bank, Fifth-Largest U.S. Lender By Assets - FinanceFeeds

CLS Adds U.S. Bank as 76th Settlement Member

The Minneapolis-headquartered lender, the fifth-largest bank in the United States, is the third institution to join this year. CLSSettlement is widely regarded as the global benchmark for foreign exchange settlement risk mitigation, covering 18 of the world’s most traded currencies. In the first half of 2025, the service settled an average daily value of $7.9 trillion, up 12% on the previous year. The addition of U.S. Bank is said to reflect the…

CLSSettlement Adds US Bank, Fifth-Largest U.S. Lender By Assets - FinanceFeeds

US Bank has become the latest institution to sign up for CLSSettlement, the foreign-exchange industry’s core payment-versus-payment (PvP) service, making it the utility’s 76th settlement member and the third new entrant this year. The Minneapolis-based lender, the fifth-largest bank in the United States by assets, said the move reflects its push to expand its foreign-exchange franchise and offer clients greater protection against settlement risk…

US Bank becomes third member to join CLSSettlement this year

The move also makes the firm, which is the fifth largest bank in the US, the service’s seventy-sixth settlement member.