LCH nixes US repo clearing, Weisbrod departs

David Weisbrod, CEO of LCH’s US businesses, left the company last month

LCH.Clearnet and David Weisbrod
LCH.Clearnet's offices in London, with David Weisbrod inset

LCH has shelved plans to launch a US repo clearing service after concluding the project would take too long to complete.

LCH established a working group in late 2014 to explore options fo