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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
4don MSN
Senator Elizabeth Warren has warned BNY that its reported interest in a merger with Northern Trust could violate federal ...
CEO that a potential purchase of Northern Trust (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 ...
As of mid-morning on June 23, Northern Trust shares had climbed 8.5% to $121.42 a share and it was one of the top-performing stocks of the day.
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.
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