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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. ...
5don MSN
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.
Citi analysts said they would see a deal as a “win-win,” and raised their price targets for Northern Trust stock to $110 from $100, and $92 for BNY from $85.
A BNY spokesperson declined to comment Monday about the details in the Journal's article. A spokesperson for Northern Trust, whose policy is to not comment on market rumors, said in an email: "I ...
Northern Trust denies holding merger talks with Bank of New York Mellon Chicago hedge fund Kodai's co-founder Neville Shah joins Millennium June 23, 2025 09:12 AM ...
BNY Mellon Explores Merger With Northern Trust In Early-Stage Talks : Report June 22, 2025 — 09:41 pm EDT Written by RTTNews.com for RTTNews -> ...
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