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.
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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
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