Editorial

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Brief: Big UK banks negotiate cheque clearing merger - Telegraph

UK banks Lloyds TSB and Barclays are in talks to merge their back office cheque clearing operations, according to a report in British broadsheet the Daily Telegraph.

0 17 August 2000 Be the first to comment

Brief: Big UK banks negotiate cheque clearing merger - Telegraph

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The newspaper says the banks are planning to link up with computer outfit Unisys to create a new company, Intelligent Processing Solutions. The company could be in place by November, says the Telegraph, assuming the deal gets approval from the Office of Fair Trading.