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Northern Trust firmly denies BNY merger discussions
"During my tenure as CEO, we have never entertained discussions regarding the sale of the company with any financial institution," CEO Michael O'Grady told analysts Wednesday. The Wall Street Journal reported last month that the two banks' CEOs had at least one conversation about a
CEO that a potential purchase of Northern Trust (NASDAQ:NTRS) would violate antitrust laws and threaten financial stability. ...
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Senator Elizabeth Warren has warned BNY that its reported interest in a merger with Northern Trust could violate federal ...
Despite reports that BNY and Goldman had approached Northern Trust, CEO Mike O’Grady told analysts that independence will ...
Shares in Northern Trust have risen about 9% so far this year, pushing the Chicago-based firm to a market value above $21 billion. BNY has a market cap of more than $65 billion.
Shares in Northern Trust rose more than 10% in New York on Monday morning and were up 6.5% at 12:44 p.m. A tie-up would bring together two of the largest custodian banks in the world.
Northern Trust Corp. said it plans to remain a standalone company following an approach from Bank of New York Mellon Corp. about a possible merger. “While our policy is to not comment on market ...
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