Northern Trust remains independent despite merger interest from BNY

From Yahoo Finance: 2025-06-22 14:22:00

Northern Trust asserts commitment to independence amid reported merger interest from Bank of New York Mellon. Shares up 6.5%. Potential deal would reshape asset servicing and wealth management industry. CEOs had conversation, no offer discussed. Antitrust hurdles possible. Analysts see low probability of merger due to regulatory uncertainties. Bank dealmaking expected to increase in 2025. Market caps for BNY and Northern Trust noted. Both offer services for managing money.

Read more: Northern Trust commits to independence after WSJ report on potential merger with BNY