Trading

London Stock Exchange ups stake in clearing house LCH to 80%

The €438m deal is a clear show of confidence in a business line that is under threat from Brexit

London Stock Exchange ups stake in clearing house LCH to 80%

The London Stock Exchange has increased its stake in the clearing house LCH to 80% — a major show of confidence in a business line that is under threat from Brexit.

The LSE already owns around 65% of LCH, which is the largest clearing house in the world for interest rate swaps and a vital source of revenue for the iconic UK exchange group.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It