The merger of London Clearing House and Clearnet has precipitated a complete overhaul of the merged entities' clearing system.

A spokesman for LCH said: "Both LCH and Clearnet are due a technology upgrade and for LCH it makes sense to upgrade to Clearing 21 so that we are on a single platform, and minimise duplication of IT costs."

LCH and Clearnet to implement Clearing 21

Frances Maguire

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The “Taylor Swift tax,” among other levies, targets the rich. Will they be driven away?

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The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

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Trump Calls on Goldman to Replace Economist Over Tariff Stance

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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