LCH.Clearnet rebuffs DTCC
NEW YORK & LONDON - LCH.Clearnet's proposed merger with the Depository Trust & Clearing Corporation (DTCC) has failed. The London-based clearing house has not agreed "a basis for consummating the proposed merger".
The DTCC declared last week (April 29) that the deal was dead after months of negotiations had not yielded a conclusive agreement. "The DTCC has continually communicated its desire to complete a successful merger both to the management and to the board of directors of LCH.Clearnet," a
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