From Nasdaq: 2025-06-25 22:47:00

Custodial banking giant Bank of New York Mellon (NYSE:BK) is considering acquiring Northern Trust, but no formal offer has been made yet. The potential deal could create a strong investment services heavyweight with over $3 trillion in assets under management. BNY’s CEO Robin Vince’s successful turnaround plan makes the deal appealing. However, Northern Trust must agree to the sale, and regulatory hurdles may arise due to antitrust concerns.

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Read more at Nasdaq: Why Bank of New York Mellon Wants To Buy Northern Trust