Finance
Northern Trust Commits to Staying Independent After BNY Approach
A Northern Trust Corp. branch in Chicago, Illinois.
Photographer: Christopher Dilts/BloombergTakeaways by Bloomberg AI
Northern Trust Corp. said it plans to remain a standalone company following an approach from Bank of New York Mellon Corp. about a possible merger.
“While our policy is to not comment on market rumors, I can tell you that Northern Trust is fully committed to remaining independent and continuing to deliver long-term value to our stakeholders,” a spokesperson for the Chicago-based firm said in a statement.