Reported about 13 hours ago
Goldman Sachs is reportedly exploring a potential acquisition of Northern Trust, as discussions that nearly led to a $6 billion deal with Clearwater resurfaced. This follows an indication from the Bank of New York Mellon about a merger with Northern Trust, which, if acquired, could add $1.3 trillion in client assets to Goldman. The bank has not made significant acquisitions in 25 years and faces challenges in its consumer banking division. With its stock near all-time highs, there may be a more favorable environment for such deals.
Source: YAHOO