Potential Northern Trust Merger Threatens Chicago’s Storied Financial Reputation – Crain’s

Potential Northern Trust merger threatens Chicago’s storied financial reputation – Crain’s

A possible merger deal between Chicago’s Northern Trust and Bank of New York Mellon raises the prospect of another devastating loss of a homegrown institution—this time one with more than 135 years in the city it helped build into the financial powerhouse of the Midwest.

Northern Trust plans to stay independent amid merger talks with BNY Mellon

Northern Trust has announced its plans to remain an independent entity following reports of a potential merger with Bank of New York Mellon (BNY).   A spokesperson for the group, as reported by Bloomberg, said: “While our policy is to not comment on market rumours, I can tell you that Northern Trust is fully committed to remaining independent and continuing to deliver long-term value to our stakeholders.”   The statement comes after a report of …