Just hearing rumours that the Bank Consortium are looking to close LH at c.o.b today!

Not heard why but can only guess a lack of take up and the fact that these markets have lead to the priority of the banks to move away from e-Trading in swaps. I had heard that the support of most banks on LH was tepid at best during it’s 6-month life.

UPDATE: defo happening today. Hard to say if temporary or permanent as they’re citing “market conditions” but you’ve got to think it is all over for LH.

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