Senator Elizabeth Warren has warned BNY that its reported interest in a merger with Northern Trust could violate federal banking laws, saying any potential deal between the two large custody banks ...

CEO that a potential purchase of Northern Trust (NASDAQ: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 ...

"During my tenure as CEO, we have never entertained discussions regarding the sale of the company with any financial ...

Senator Elizabeth Warren warns BNY that a potential merger with Northern Trust may violate federal banking laws and trigger antitrust concerns.

Chicago bank CEO says committed to remaining independent, second-quarter earnings show bank remains on right track ...

According to the report, Northern Trust has no interest in pursuing a deal and BNY is considering its next steps, which might include a formal bid. "While our policy is to not comment on market ...

Merging with Northern Trust would produce an investment services powerhouse. BNY currently oversees $53 trillion in assets under custody, ranking as the world’s largest custodial bank.

The stock closed up about 8% to $120.81 per share, giving Northern Trust a market cap of $23.5 billion. BNY closed down about 2% to $89.63 per share, with a market cap of just over $64 billion.

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.

Robin Vince talks M&A amid reports that his firm approached Northern. Why banks for the ultrarich are tough acquisition ...

Northern Trust Corp. plans to remain a standalone company after Bank of New York Mellon Corp. approached it about a possible merger. The combined entity would bring together two of the largest ...