Northern Trust (NTRS) issued a comment to Reuters, telling the news service that the bank is “fully committed to remaining independent,” after The Wall Street Journal reported that BNY Mellon (BK) had approached its custody bank peer to discuss a possible merger.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NTRS:
- BNY Mellon, Northern Trust merger could make sense long-term, says Wells Fargo
- BNY would have ‘room’ to offer Northern a premium, says Morgan Stanley
- JPMorgan says Goldman, Morgan Stanley may have interest in Northern Trust
- BNY, Northern Trust deal could face increased scrutiny, says Keefe Bruyette
- BNY Mellon approached Northern Trust over possible merger, WSJ says