Reported 2 days ago
Northern Trust's CEO Mike O'Grady clarified that the company is not considering a sale following a strong second-quarter profit that exceeded expectations. Despite reports of BNY's interest in a merger, O'Grady emphasized the company's commitment to independence, stating that they never entertained discussions regarding a sale. The firm reported a 9% increase in assets under custody, alongside an 11% rise in assets under management, bolstering confidence in their strategy.
Source: YAHOO