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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. ...
Despite reports that BNY and Goldman had approached Northern Trust, CEO Mike O’Grady told analysts that independence will “produce the best returns for our shareholders ultimately.” ...
Bank of New York Mellon is open to acquisitions if the right opportunity arises, but is focused on executing its current ...
CEO Robin Vince refused to comment on "rumors or speculation" about a potential merger between the custody banking giant and ...
BNY beat Wall Street's profit estimates on Tuesday as the world's largest custodian bank benefited from higher interest ...
BNY had a market cap of $65.55 billion while Northern Trust has a market cap of $21.76 billion, through previous close, according to LSEG. Sponsored Bank Accounts ...
Northern Trust has a market value of more than $23 billion following its share gains while BNY’s is roughly $63 billion. Both firms offer services including custody of client assets, wealth and ...
Northern Trust beat Wall Street estimates for second-quarter profit on Wednesday as a rally in the equity market and higher fees boosted the asset and wealth manager's results.
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