Reported about 11 hours ago
Bank of New York Mellon Corp has approached Northern Trust to discuss a potential merger, according to a report by the Wall Street Journal. While the CEOs of both companies have held discussions, no formal offer has been made yet. BNY may consider making a formal bid in the future, although a deal is not guaranteed. BNY has a market cap of $65.55 billion, compared to Northern Trust's $21.76 billion.
Source: YAHOO