NOT FOR REPRINT
Northern Trust Commits to Staying Independent After BNY Approach
By
Crystal Tse
News June 23, 2025 at 04:32 PM
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What You Need To Know
- A tie-up would bring together two of the largest custodian banks in the world.
- The combined entity could have $3 trillion of assets, which would help it compete with BlackRock and Vanguard.
- Consolidating platforms, headcount and offices might help Northern Trust cut its expenses by 20% to 30%.
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