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Later, big clearing banks that can operate at national level start to emerge.
One of Europe's big clearing houses, where traders settle bond purchases, raised its margin requirements in response to the perceived increased riskiness of Italian debt, further unnerving investors.
This week HSBC, a huge international bank, set a precedent for the other three big clearing banks by joining the mortgage price-war started last year by Internet banks.
"We live in a three-bedroom flat, and the younger ones get all the toys out, but we have big clearing up sessions at the end of each day.
It seems unlikely that any of the other three big clearing banks (HSBC, Barclays and Lloyds TSB) would be allowed by the Competition Commission to buy NatWest, largely because of their dominance of lending to small businesses (the big four account for 86% of such loans).
When Los Angeles' new mayor takes over City Hall on July 1, he will enter office with greatly enhanced powers, allowing him accomplishments both big (clearing gridlock) and small (nurturing children in the arts and culture that make L.A. so distinct).
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On April 3rd its shareholders backed its plan to take control of LCH.Clearnet, a big clearing-house.
Displayed in big, clear, well-lit rooms.
But just look at the nice, big, clear lid on that box!
Now in her thirties, she has long red hair, big clear eyes, and a lopsided grin.
Each is a plastic reservoir with a big, clear LCD display on the front.
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CEO of Professional Science Editing for Scientists @ prosciediting.com