All articles tagged with #northern trust
Originally Published 6 months ago — by Yahoo Finance
Northern Trust has reaffirmed its commitment to remaining independent despite reports that Bank of New York Mellon expressed interest in a merger, emphasizing its focus on delivering long-term value to stakeholders.
Originally Published 6 months ago — by CNBC
The article highlights the biggest premarket stock movements involving companies like Tesla, Northern Trust, DoorDash, Northrop Grumman, and Exxon Mobil, indicating notable trading activity before the market opens.
Originally Published 6 months ago — by Global Custodian
The Wall Street Journal reports that BNY Mellon approached Northern Trust with a potential merger, highlighting ongoing consolidation efforts in the banking sector.
Originally Published 2 years ago — by Crain's Chicago Business
BMO Bank, Northern Trust, and Wintrust will have to pay for the Federal Deposit Insurance Corp.'s rescue of uninsured depositors in failed Silicon Valley Bank and two other regional lenders that recently went bust. The FDIC proposed a special assessment that will hit a little over 110 of the nation's largest banks, with the three local players falling into this category. If the assessment is finalized, the three banks will be on the hook for a collective $429 million over two years beginning in 2024.
Originally Published 2 years ago — by CNBC
Institutional investors have lost interest in cryptocurrencies since 2022, despite this year's uptrend, and have shifted their focus to blockchain technology, according to Justin Chapman, head of digital assets and financial markets at Northern Trust. Chapman said his firm has capabilities in place should client interest in crypto assets rebound, but for now, the market is quiet. Northern Trust partnered with Standard Chartered in 2020 to launch Zodia, a crypto custodian for institutional investors. Bitcoin has gained almost 75% this year after losing 64% in 2022.